Document_And_Entity_Informatio
Document And Entity Information (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Mar. 12, 2014 | Jun. 28, 2013 | |
Document Information [Line Items] | ' | ' | ' |
Entity Registrant Name | 'Gaming Partners International CORP | ' | ' |
Entity Central Index Key | '0000918580 | ' | ' |
Current Fiscal Year End Date | '--12-31 | ' | ' |
Entity Filer Category | 'Smaller Reporting Company | ' | ' |
Trading Symbol | 'GPIC | ' | ' |
Entity Common Stock, Shares Outstanding | ' | 7,916,094 | ' |
Document Type | '10-K | ' | ' |
Amendment Flag | 'false | ' | ' |
Document Period End Date | 31-Dec-13 | ' | ' |
Document Fiscal Period Focus | 'FY | ' | ' |
Document Fiscal Year Focus | '2013 | ' | ' |
Entity Well-known Seasoned Issuer | 'No | ' | ' |
Entity Voluntary Filers | 'No | ' | ' |
Entity Current Reporting Status | 'Yes | ' | ' |
Entity Public Float | ' | ' | $28,617,395 |
CONSOLIDATED_BALANCE_SHEETS
CONSOLIDATED BALANCE SHEETS (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Current Assets: | ' | ' |
Cash and cash equivalents | $14,492 | $14,038 |
Marketable securities | 5,724 | 13,546 |
Accounts receivable, net | 5,905 | 5,802 |
Inventories | 7,407 | 7,337 |
Prepaid expenses | 965 | 893 |
Deferred income tax asset | 628 | 2,908 |
Other current assets | 3,054 | 1,311 |
Total current assets | 38,175 | 45,835 |
Property and equipment, net | 10,996 | 11,190 |
Intangibles, net | 985 | 540 |
Deferred income tax asset | 3,643 | 3,857 |
Inventories, non-current | 175 | 207 |
Other assets | 1,475 | 1,653 |
Total assets | 55,449 | 63,282 |
Current Liabilities: | ' | ' |
Accounts payable | 2,291 | 2,842 |
Accrued liabilities | 2,918 | 5,179 |
Customer deposits and deferred revenue | 646 | 3,037 |
Deferred income tax liability | 0 | 2,858 |
Income taxes payable | 251 | 571 |
Total current liabilities | 6,106 | 14,487 |
Deferred income tax liability | 1,870 | 2,174 |
Total liabilities | 7,976 | 16,661 |
Commitments and contingencies - see Note 10 | ' | ' |
Stockholders' Equity: | ' | ' |
Preferred stock, authorized 10,000,000 shares, $.01 par value, none issued and outstanding | 0 | 0 |
Common stock, authorized 30,000,000 shares, $.01 par value, 8,207,077 and 7,916,094 issued and outstanding, respectively, as of December 31, 2013, and 8,207,077 and 8,045,904 issued and outstanding, respectively, as of December 31, 2012 | 82 | 82 |
Additional paid-in capital | 19,771 | 19,563 |
Treasury stock at cost: 290,983 and 161,173 shares | -2,262 | -1,250 |
Retained earnings | 28,205 | 27,039 |
Accumulated other comprehensive income | 1,677 | 1,187 |
Total stockholders' equity | 47,473 | 46,621 |
Total liabilities and stockholders' equity | $55,449 | $63,282 |
CONSOLIDATED_BALANCE_SHEETS_Pa
CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
Preferred stock, shares authorized | 10,000,000 | 10,000,000 |
Preferred stock, par value (in dollars per share) | $0.01 | $0.01 |
Preferred stock, shares issued | 0 | 0 |
Preferred stock, shares outstanding | 0 | 0 |
Common stock, shares authorized | 30,000,000 | 30,000,000 |
Common stock, par value (in dollars per share) | $0.01 | $0.01 |
Common stock, shares issued | 8,207,077 | 8,207,077 |
Common stock, shares outstanding | 7,916,094 | 8,045,904 |
Treasury stock, shares | 290,983 | 161,173 |
CONSOLIDATED_STATEMENTS_OF_INC
CONSOLIDATED STATEMENTS OF INCOME (USD $) | 12 Months Ended | |
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Revenues | $56,173 | $62,896 |
Cost of revenues | 38,584 | 40,384 |
Gross profit | 17,589 | 22,512 |
Marketing and sales | 5,988 | 6,111 |
General and administrative | 9,023 | 7,252 |
Research and development | 1,959 | 1,989 |
Operating income | 619 | 7,160 |
Other income, net | 4 | 290 |
Income before income taxes | 623 | 7,450 |
Income tax (benefit) provision | -543 | 1,375 |
Net income | $1,166 | $6,075 |
Earnings per share: | ' | ' |
Basic (in dollars per share) | $0.15 | $0.75 |
Diluted (in dollars per share) | $0.15 | $0.75 |
Weighted-average shares of common stock outstanding: | ' | ' |
Basic (in shares) | 7,942 | 8,122 |
Diluted (in shares) | 8,029 | 8,149 |
CONSOLIDATED_STATEMENTS_OF_COM
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Net income | $1,166 | $6,075 |
Other comprehensive income: | ' | ' |
Foreign currency translation adjustment | 486 | 371 |
Unrealized gain on securities, net of tax | 0 | 2 |
Amortization of pension transition asset, net of tax | 4 | -12 |
Other comprehensive income, net of tax | 490 | 361 |
Total comprehensive income | $1,656 | $6,436 |
CONSOLIDATED_STATEMENTS_OF_STO
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (USD $) | Total | Common Stock [Member] | Additional Paid-in Capital [Member] | Treasury Stock [Member] | Retained Earnings [Member] | Accumulated Other Comprehensive Income (Loss) [Member] |
In Thousands, except Share data | ||||||
Balance at Dec. 31, 2011 | $42,484 | $82 | $19,401 | ($267) | $22,442 | $826 |
Balance (in shares) at Dec. 31, 2011 | ' | 8,187,764 | ' | ' | ' | ' |
Net income | 6,075 | 0 | 0 | 0 | 6,075 | 0 |
Repurchases of common stock | -983 | 0 | 0 | -983 | 0 | 0 |
Repurchases of common stock (in shares) | ' | -141,860 | ' | ' | ' | ' |
Unrealized gain on securities, net of tax | 2 | 0 | 0 | 0 | 0 | 2 |
Stock compensation expense | 188 | 0 | 188 | 0 | 0 | 0 |
Dividends paid ($0.1825 per share) | -1,478 | 0 | 0 | 0 | -1,478 | 0 |
Forfeiture of stock options | -26 | 0 | -26 | 0 | 0 | 0 |
Amortization of pension transition asset, net of tax | -12 | 0 | 0 | 0 | 0 | -12 |
Foreign currency translation adjustment | 371 | 0 | 0 | 0 | 0 | 371 |
Balance at Dec. 31, 2012 | 46,621 | 82 | 19,563 | -1,250 | 27,039 | 1,187 |
Balance (in shares) at Dec. 31, 2012 | ' | 8,045,904 | ' | ' | ' | ' |
Net income | 1,166 | 0 | 0 | 0 | 1,166 | 0 |
Repurchases of common stock | -1,012 | 0 | 0 | -1,012 | 0 | 0 |
Repurchases of common stock (in shares) | ' | -129,810 | ' | ' | ' | ' |
Unrealized gain on securities, net of tax | 0 | ' | ' | ' | ' | ' |
Stock compensation expense | 208 | 0 | 208 | 0 | 0 | 0 |
Amortization of pension transition asset, net of tax | 4 | 0 | 0 | 0 | 0 | 4 |
Foreign currency translation adjustment | 486 | 0 | 0 | 0 | 0 | 486 |
Balance at Dec. 31, 2013 | $47,473 | $82 | $19,771 | ($2,262) | $28,205 | $1,677 |
Balance (in shares) at Dec. 31, 2013 | ' | 7,916,094 | ' | ' | ' | ' |
CONSOLIDATED_STATEMENTS_OF_STO1
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Parenthetical) (USD $) | 12 Months Ended |
Dec. 31, 2012 | |
Common Stock, Dividends, Per Share, Cash Paid (in dollars per share) | $0.18 |
CONSOLIDATED_STATEMENTS_OF_CAS
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Cash Flows from Operating Activities | ' | ' |
Net income | $1,166 | $6,075 |
Adjustments to reconcile net income to net cash (used in) provided by operating activities: | ' | ' |
Depreciation | 2,290 | 2,160 |
Amortization of intangible assets | 136 | 107 |
Amortization of bond premium | 0 | 10 |
(Benefit) for bad debt | -39 | -214 |
Deferred income taxes | -662 | 181 |
Stock compensation expense | 208 | 188 |
Loss on sale of property and equipment | 14 | 54 |
(Gain) on sale of marketable securities | -16 | -10 |
Change in operating assets and liabilities: | ' | ' |
Accounts receivable | -44 | 383 |
Inventories | 124 | 402 |
Prepaid expenses and other current assets | -1,726 | 387 |
Non-current other assets | 181 | -1,326 |
Accounts payable | -595 | 342 |
Customer deposits and deferred revenue | -2,394 | -1,536 |
Accrued liabilities | -2,329 | -750 |
Income taxes payable | -322 | 564 |
Net cash (used in) provided by operating activities | -4,008 | 7,017 |
Cash Flows from Investing Activities | ' | ' |
Purchases of marketable securities | 0 | -23,728 |
Proceeds from sale of marketable securities | 8,101 | 25,325 |
Capital expenditures | -1,772 | -1,406 |
Purchase of business assets | -775 | 0 |
Proceeds from sale of property and equipment | 0 | 25 |
Net cash provided by investing activities | 5,554 | 216 |
Cash Flows from Financing Activities | ' | ' |
Repayment of debt obligations | 0 | -32 |
Repurchases of common stock | -1,012 | -983 |
Dividends paid | 0 | -1,478 |
Net cash (used in) financing activities | -1,012 | -2,493 |
Effect of exchange rate changes on cash | -80 | 16 |
Net increase in cash and cash equivalents | 454 | 4,756 |
Cash and cash equivalents, beginning of period | 14,038 | 9,282 |
Cash and cash equivalents, end of period | 14,492 | 14,038 |
Supplemental disclosures of cash flow information: | ' | ' |
Cash paid for interest | 0 | 3 |
Cash paid for income taxes, net of refunds | $2,097 | $1,965 |
Nature_of_Business_and_Signifi
Nature of Business and Significant Accounting Policies | 12 Months Ended | ||||
Dec. 31, 2013 | |||||
Accounting Policies [Abstract] | ' | ||||
Business Description and Accounting Policies [Text Block] | ' | ||||
Note 1. Nature of Business and Significant Accounting Policies | |||||
Organization and Nature of Business | |||||
Gaming Partners International Corporation (GPIC or the Company) is headquartered in Las Vegas, Nevada and has three operating subsidiaries: Gaming Partners International USA, Inc. (GPI USA) (including maquiladora manufacturing operations in Mexico), Gaming Partners International SAS (GPI SAS), and Gaming Partners International Asia Limited (GPI Asia). Our subsidiaries have the following distribution and product focus: | |||||
• | GPI USA sells in the United States, Canada, the Caribbean, and Latin America. GPI USA sells our full product line, with most of the products manufactured at our facility in San Luis Rio Colorado, Mexico and the remainder either manufactured in France or purchased from United States vendors. We also warehouse inventory in San Luis, Arizona and at our Las Vegas, Nevada headquarters, and have sales offices in Las Vegas; Atlantic City, New Jersey; and Gulfport, Mississippi. | ||||
• | GPI SAS sells primarily in Europe and Africa out of its office in Beaune, France. GPI SAS predominantly sells casino currencies, including both American-style, known as chips, and European-style, known as plaques and jetons. Most of the products sold by GPI SAS are manufactured in France, with the remainder manufactured in Mexico. | ||||
• | GPI Asia, with an office in Macau S.A.R., China, is the exclusive distributor of GPI USA and GPI SAS products in the Asia-Pacific region. GPI Asia primarily sells American- and European-style casino currency, manufactured in France or in Mexico, as well as RFID product solutions. | ||||
GPIC was formed in 2002 through a combination between Paul-Son Gaming Corporation and Bourgogne et Grasset initiated by the late Francois Carrette, whose firm, Holding Wilson, SA, remains GPIC’s controlling shareholder. The Company has established brand names such as Paulson®, Bourgogne et Grasset® (BG®), and Bud Jones®. GPIC and each of its subsidiaries are sometimes collectively referred to herein as the “Company,” “us,” “we” or “our.” GPI USA was founded in 1963 as Paul-Son Gaming Supplies, Inc. by Paul S. Endy, Jr., and initially manufactured and sold dice to casinos in Las Vegas. GPI SAS was founded in 1923 as Etablissements Bourgogne et Grasset S.A. by Etienne Bourgogne and Claudius Grasset in Beaune, France to produce and sell counterfeit-resistant currencies to casinos in Monaco. | |||||
We are one of the gaming industry’s leading manufacturers and suppliers of casino table game equipment. We custom manufacture and supply casino currencies, table layouts, playing cards, gaming furniture, table accessories, dice, roulette wheels, and RFID readers and software, all of which are used with casino table games such as blackjack, poker, baccarat, craps, and roulette. Our products fall into two categories — non-consumable and consumable. Non-consumable products consist of casino currencies, gaming furniture, and RFID solutions. These products have a useful life of several years or longer. Sales of non-consumables are based on casino openings, expansions, and rebrandings, as well as replacement in the normal course of business. Consumable products consist of table layouts, cards, dice, and table accessories and, due to their use, represent recurring revenue for the Company. These products have a useful life that ranges from several hours for playing cards and dice to several months for layouts. | |||||
The majority of our products are specifically designed and produced to meet our customers’ requirements, whether they are related to use, branding, aesthetic appeal, security, or anti-counterfeiting features. Our ability to produce products with a variety of styles and features, in combination with years of reliable delivery, enhances our competitive position. When a new casino opens, we strive to supply all the products in our line to operate the casino’s table games. Through this strategy, revenues are generated both from the initial sale to the new casino and on a continuing basis as the new casino becomes part of our customer base. | |||||
Significant Accounting Policies | |||||
Basis of Consolidation. The consolidated financial statements include the accounts of GPIC and its wholly-owned subsidiaries GPI USA, GPI SAS, GPI Asia, and GPI Mexicana, our maquiladora manufacturing operation. All material intercompany balances and transactions have been eliminated in consolidation. The consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States. | |||||
Cash and Cash Equivalents. We consider all highly-liquid investments with original maturities of three months or less to be cash and cash equivalents. The Company maintains cash and cash equivalents in various United States banks. Several accounts are in excess of the federally-insured limit of $250,000. The Company also maintains cash and cash equivalents in foreign banks that are not insured. | |||||
Fair Value of Financial Instruments. The fair value of cash and cash equivalents, marketable securities, accounts receivable, and accounts payable approximates the carrying amount of these financial instruments due to their short-term nature. | |||||
Marketable Securities. We account for our investments in marketable securities as available-for-sale and, as such, they are recorded on our consolidated balance sheets at estimated fair value. Unrealized holding gains and losses are excluded from earnings and are, instead, reported within accumulated other comprehensive income. | |||||
Accounts Receivables and Customer Deposits. We perform ongoing credit evaluations of our customers and generally require a deposit prior to commencing work on a customer order. These customer deposits are classified as a current liability on the consolidated balance sheets. We also maintain an allowance for doubtful accounts to state trade receivables at their estimated realizable value. This allowance applies to all customers and is estimated based on a variety of factors, including the length of time the receivables are past due, economic conditions and trends, significant one-time events, and historical experience. Changes are made to the allowance based on our awareness of a particular customer’s ability to meet its financial obligations. Receivables are written-off when management determines that collectability is remote. | |||||
Inventories. Inventories are stated at the lower of cost or market. Cost is determined using a weighted-average method for GPI SAS and a first-in, first-out method for GPI USA and GPI Asia. Market value is determined by comparing inventory item carrying values to estimates of net realizable value. The analysis of net realizable value includes reviewing overall inventory levels, historical and projected sales or usage of these items, the projected markets for our products, and selling costs. Inventory that we estimate will not be used within one year is considered non-current inventory. | |||||
Property and Equipment. Property and equipment are stated at cost, net of accumulated depreciation. Depreciation is computed using the straight-line method for financial reporting purposes over the following estimated useful lives: | |||||
Years | |||||
Buildings and Improvements | 3 – 40 | ||||
Furniture and Equipment | 2 – 15 | ||||
Vehicles | 5 – 7 | ||||
Long-lived and Intangible Assets. The Company evaluates the carrying value of long-lived assets (including property and equipment and intangible assets) for possible impairment when events or change in circumstances indicate that the carrying value of an asset may not be recoverable. Intangible assets are tested for impairment annually each December 31. In general, we will recognize an impairment loss when the sum of undiscounted expected cash flows from the asset is less than the carrying amount of such asset. Intangible assets, such as patents and trademarks, are amortized using the straight-line method over their economic lives. | |||||
Revenue Recognition. For casino table game product sales, we record revenue, net of excise and sales taxes, when it is realized, or realizable, and earned. We consider these criteria met when persuasive evidence of an arrangement exists, delivery has occurred or services have been rendered, the sales price is fixed or determinable, collectability is reasonably assured and, if required, acceptance is received from the customer. Shipping costs billed to our customers are reflected in revenues, with the related expense included in cost of revenues. Sales tax collected from customers is excluded from revenue and included in accrued expenses. | |||||
Starting in 2011, we entered into multiple-element arrangements with our customers to provide RFID solutions. Such transactions may include deliverables such as RFID equipment, installation and training services, embedded RFID software licenses, and limited software support services. In such arrangements, RFID equipment and embedded RFID software work together to deliver the functionality purchased by our customer. Therefore, we apply the provisions of multiple-element accounting to separate the deliverables and allocate the total arrangement consideration based upon relative estimated selling prices. Each unit of accounting is then accounted for under the applicable revenue recognition guidance. For RFID equipment and related services, revenue generally is recorded when all customer-defined acceptance criteria are satisfied. For RFID software support services, revenue generally is amortized over the term of the support contract. | |||||
Research and Development. Research and development costs are the costs related to developing new and improved products and manufacturing processes and are charged to expense when incurred and are included in our consolidated statements of income. These costs include staff compensation and related expenses, subcontract costs, materials, and supplies. | |||||
Income Taxes. We recognize a current tax liability or asset for estimated taxes payable or refundable on tax returns for the current year and a deferred tax liability or asset for estimated future tax effects, attributable to temporary differences and carryforwards. | |||||
GPIC and its subsidiaries file separate income tax returns in their respective jurisdictions. Income taxes are provided for the tax effects of transactions reported in the consolidated financial statements and consist of taxes currently due plus deferred taxes related primarily to differences between the basis of assets and liabilities for financial and income tax reporting. The deferred tax assets and liabilities represent the future tax consequences of those differences, which will either be taxable or deductible when the assets and liabilities are recovered or settled. Deferred taxes also are recognized for operating losses that are available to offset future income taxes. | |||||
The Company reviews all of its tax positions and makes a determination as to whether its position is more likely than not to be sustained upon examination by tax authorities. If a tax position meets the more-likely-than-not standard, then the related tax benefit is measured based on the cumulative probability that the amount is more likely than not to be realized upon ultimate settlement or disposition of the underlying issue. The Company recognizes interest and penalties related to unrecognized tax positions in the provision for income taxes on the consolidated statements of income. | |||||
Foreign Currency Transactions. The financial statements of GPI SAS are measured using the euro as the functional currency. Assets and liabilities of GPI SAS are translated into the US dollar at exchange rates at the balance sheet date. Revenues and expenses are translated into the US dollar at average rates of exchange in effect during the year. The resulting cumulative translation adjustments are recorded within accumulated other comprehensive income. | |||||
The financial statements of GPI Asia and GPI Mexicana are measured using the US dollar as the functional currency. Non-monetary assets and liabilities are translated at historical exchange rates, and monetary assets and liabilities are translated at current exchange rates. Exchange gains and losses arising from translation are included in other income and expense in the consolidated statements of income. | |||||
Transaction gains and losses that arise from exchange rate fluctuations on transactions with third parties denominated in a currency other than the functional currency are included in the results of operations as incurred. | |||||
Comprehensive Income. Comprehensive income includes net income, unrealized gains and losses on available-for-sale securities recorded net of tax, pension-related costs, and foreign currency translation adjustments. | |||||
Estimates. The preparation of consolidated financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the consolidated financial statements, and the reported amounts of revenues and expenses during the reporting period. Estimates and assumptions have been made in determining the allowance for doubtful accounts receivable; write-downs of slow moving, excess, and obsolete inventories; the depreciable lives of fixed assets; estimates for the recoverability of long-lived assets, including intangible assets; the recoverability of deferred tax assets; and potential exposures relating to litigation, claims, and assessments. Actual results could differ from those estimates and assumptions. | |||||
Recently Issued Accounting Standards. Effective January 1, 2012, the Company adopted the Financial Accounting Standards Board (FASB) Accounting Standards Update (ASU) No. 2011-05, Presentation of Comprehensive Income and ASU No. 2011-12, Deferral of the Effective Date for Amendments to the Presentation of Reclassifications of Items Out of Accumulated Other Comprehensive Income in Accounting Standards Update No. 2011-05. These ASUs eliminate the option to present the components of other comprehensive income in the statement of changes in stockholders’ equity. Instead, entities have the option to present the components of net income, the components of other comprehensive income, and total comprehensive income in a single continuous statement or in two separate, but consecutive, statements. The amendments did not change the items reported in other comprehensive income or when an item of other comprehensive income is reclassified to net income. As a result, the adoption of this guidance did not affect our consolidated financial position, results of operations, or cash flows. We have presented the components of net income, the components of other comprehensive income, and total comprehensive income in two separate, but consecutive, statements. | |||||
Acquisition
Acquisition | 12 Months Ended |
Dec. 31, 2013 | |
Business Combinations [Abstract] | ' |
Business Acquisition, Integration, Restructuring and Other Related Costs [Text Block] | ' |
Note 2. Acquisition | |
In May 2013, we purchased certain assets of The Blue Chip Company, LLC (Blue Chip), a privately-held manufacturer of compression-molded gaming currencies. The acquisition is part of our overall acquisition strategy to use our cash position to acquire companies, products or technologies that enable us to grow and diversify our product offerings. We completed the acquisition of Blue Chip on May 31, 2013 for total consideration of $0.8 million. We did not present pro forma results of operations, actual results of operations from the acquisition date through December 31, 2013, or other disclosure required for business combinations, because the acquisition was not material. The consolidated statement of income for the year ended December 31, 2013 includes the results of Blue Chip from the acquisition date. | |
Cash_Cash_Equivalents_and_Mark
Cash, Cash Equivalents, and Marketable Securities | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||
Cash and Cash Equivalents [Abstract] | ' | ||||||||||||||||||||||||
Cash, Cash Equivalents, and Marketable Securities [Text Block] | ' | ||||||||||||||||||||||||
Note 3. Cash, Cash Equivalents, and Marketable Securities | |||||||||||||||||||||||||
The Company holds its cash, cash equivalents, and marketable securities in financial institutions in various countries throughout the world. The following summarizes the geographic location of our holdings (in thousands): | |||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||
Cash and Cash Equivalents | Marketable Securities | Total | Cash and Cash Equivalents | Marketable Securities | Total | ||||||||||||||||||||
United States | $ | 11,052 | $ | — | $ | 11,052 | $ | 8,120 | $ | — | $ | 8,120 | |||||||||||||
France | 344 | 5,724 | 6,068 | 1,084 | 13,546 | 14,630 | |||||||||||||||||||
Macau S.A.R., China | 3,096 | — | 3,096 | 4,834 | — | 4,834 | |||||||||||||||||||
Total | $ | 14,492 | $ | 5,724 | $ | 20,216 | $ | 14,038 | $ | 13,546 | $ | 27,584 | |||||||||||||
Available-for-sale marketable securities consist of investments in securities such as certificates of deposit offered by French and US banks, and bond mutual funds (in thousands): | |||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||
Cost | Unrealized Gain/(Loss) | Fair Value | Cost | Unrealized Gain/(Loss) | Fair Value | ||||||||||||||||||||
Certificates of deposit | $ | 4,680 | $ | — | $ | 4,680 | $ | 7,137 | $ | — | $ | 7,137 | |||||||||||||
Bond mutual funds | 1,044 | — | 1,044 | 6,409 | — | 6,409 | |||||||||||||||||||
Total marketable securities | $ | 5,724 | $ | — | $ | 5,724 | $ | 13,546 | $ | — | $ | 13,546 | |||||||||||||
We present our marketable securities at their estimated fair value. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The Company has determined that all of its marketable securities are Level 1 financial instruments, with asset values recorded at quoted prices in active markets for identical assets. | |||||||||||||||||||||||||
Accounts_Receivable_and_Allowa
Accounts Receivable and Allowance for Doubtful Accounts | 12 Months Ended | ||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||
Valuation and Qualifying Accounts [Abstract] | ' | ||||||||||||||||||||
Schedule of Valuation and Qualifying Accounts Disclosure [Text Block] | ' | ||||||||||||||||||||
Note 4. Accounts Receivable and Allowance for Doubtful Accounts | |||||||||||||||||||||
At December 31, 2013, we had one casino customer that accounted for 10% of our accounts receivable balance. At December 31, 2012, we had two casino customers that accounted for 12% and 17% of our accounts receivable balance, respectively. | |||||||||||||||||||||
The allowance for doubtful accounts consists of the following (in thousands): | |||||||||||||||||||||
Balance at Beginning of Year | Provision (Benefit) | Write-offs, | Exchange | Balance at | |||||||||||||||||
Net of Recoveries | Rate Effect | End of Year | |||||||||||||||||||
2013 | $ | 152 | $ | (39 | ) | $ | — | $ | 1 | $ | 114 | ||||||||||
2012 | $ | 366 | $ | (214 | ) | $ | — | $ | — | $ | 152 | ||||||||||
The benefit of $39,000 for 2013 was primarily due to the collection of accounts previously reserved. | |||||||||||||||||||||
Inventories
Inventories | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Inventory Disclosure [Abstract] | ' | ||||||||
Inventory Disclosure [Text Block] | ' | ||||||||
Note 5. Inventories | |||||||||
Inventories consist of the following at December 31 (in thousands): | |||||||||
2013 | 2012 | ||||||||
Raw materials | $ | 4,957 | $ | 4,147 | |||||
Work in progress | 937 | 1,875 | |||||||
Finished goods | 1,688 | 1,522 | |||||||
Total inventories | $ | 7,582 | $ | 7,544 | |||||
At December 31, 2013 and December 31, 2012, we classified a portion of our inventories as non-current because we do not expect this portion to be used within one year. The classification of our inventories on our consolidated balance sheets is as follows (in thousands): | |||||||||
2013 | 2012 | ||||||||
Current | $ | 7,407 | $ | 7,337 | |||||
Non-current | 175 | 207 | |||||||
Total inventories | $ | 7,582 | $ | 7,544 | |||||
Other_Current_Assets
Other Current Assets | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Other Current Assets [Abstract] | ' | ||||||||
Other Current Assets Disclosure [Text Block] | ' | ||||||||
Note 6. Other Current Assets | |||||||||
Other current assets consist of the following at December 31 (in thousands): | |||||||||
2013 | 2012 | ||||||||
Income tax-related assets | $ | 2,331 | $ | 227 | |||||
Refundable value-added tax | 312 | 447 | |||||||
Deposits | 214 | 434 | |||||||
Other | 197 | 203 | |||||||
Total other current assets | $ | 3,054 | $ | 1,311 | |||||
Property_and_Equipment
Property and Equipment | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Property, Plant and Equipment [Abstract] | ' | ||||||||
Property, Plant and Equipment Disclosure [Text Block] | ' | ||||||||
Note 7. Property and Equipment | |||||||||
Property and equipment consists of the following at December 31 (in thousands): | |||||||||
2013 | 2012 | ||||||||
Land | $ | 1,792 | $ | 1,779 | |||||
Buildings and improvements | 8,897 | 8,662 | |||||||
Equipment and furniture | 21,801 | 20,189 | |||||||
Vehicles | 475 | 432 | |||||||
32,965 | 31,062 | ||||||||
Less accumulated depreciation | (21,969 | ) | (19,872 | ) | |||||
Property and equipment, net | $ | 10,996 | $ | 11,190 | |||||
Depreciation expense for the years ended December 31, 2013 and 2012 was $2,290,000 and $2,160,000 respectively. | |||||||||
Intangible_Assets
Intangible Assets | 12 Months Ended | ||||||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||||||
Goodwill and Intangible Assets Disclosure [Abstract] | ' | ||||||||||||||||||||||||||||
Intangible Assets Disclosure [Text Block] | ' | ||||||||||||||||||||||||||||
Note 8. Intangible Assets | |||||||||||||||||||||||||||||
Intangible assets consist of the following at December 31 (in thousands): | |||||||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||||||
Gross Carrying Amount | Accum Amort | Net Carrying Amount | Gross Carrying Amount | Accum Amort | Net Carrying Amount | Estimated Useful Life (Years) | |||||||||||||||||||||||
Trademarks | $ | 631 | $ | (240 | ) | $ | 391 | $ | 620 | $ | (191 | ) | $ | 429 | 10 – 12 | ||||||||||||||
Patents | 517 | (480 | ) | 37 | 690 | (633 | ) | 57 | 13 – 14 | ||||||||||||||||||||
Customer list | 513 | (30 | ) | 483 | — | — | — | 10 | |||||||||||||||||||||
Licenses | 225 | (225 | ) | — | 225 | (200 | ) | 25 | 1 – 3 | ||||||||||||||||||||
Other intangible assets | 103 | (29 | ) | 74 | 44 | (15 | ) | 29 | 5 – 10 | ||||||||||||||||||||
Total intangible assets | $ | 1,989 | $ | (1,004 | ) | $ | 985 | $ | 1,579 | $ | (1,039 | ) | $ | 540 | |||||||||||||||
In May 2013, we acquired certain intangible assets from Blue Chip, including a customer list, trade secret formulas, and a trademark (see Note 2). | |||||||||||||||||||||||||||||
Amortization expense for intangible assets for the years ended December 31, 2013 and 2012 was $136,000 and $107,000, respectively. | |||||||||||||||||||||||||||||
The following table provides estimated amortization expense for the years ending December 31 (in thousands): | |||||||||||||||||||||||||||||
Year | Amortization Expense | ||||||||||||||||||||||||||||
2014 | $ | 123 | |||||||||||||||||||||||||||
2015 | 123 | ||||||||||||||||||||||||||||
2016 | 117 | ||||||||||||||||||||||||||||
2017 | 114 | ||||||||||||||||||||||||||||
2018 | 114 | ||||||||||||||||||||||||||||
Thereafter | 394 | ||||||||||||||||||||||||||||
Total | $ | 985 | |||||||||||||||||||||||||||
Accrued_Liabilities
Accrued Liabilities | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Accrued Liabilities [Abstract] | ' | ||||||||
Accrued Liabilities Disclosure [Text Block] | ' | ||||||||
Note 9. Accrued Liabilities | |||||||||
Accrued liabilities consist of the following at December 31 (in thousands): | |||||||||
2013 | 2012 | ||||||||
Accrued salaries, wages, and related costs | $ | 879 | $ | 1,104 | |||||
Accrued vacation | 830 | 949 | |||||||
Miscellaneous taxes | 488 | 629 | |||||||
Accrued bonuses and commissions | 104 | 1,761 | |||||||
Other | 617 | 736 | |||||||
Total accrued liabilities | $ | 2,918 | $ | 5,179 | |||||
Commitments_and_Contingencies
Commitments and Contingencies | 12 Months Ended | ||||
Dec. 31, 2013 | |||||
Commitments and Contingencies Disclosure [Abstract] | ' | ||||
Commitments and Contingencies Disclosure [Text Block] | ' | ||||
Note 10. Commitments and Contingencies | |||||
Operating Lease Commitments | |||||
The Company has various operating leases that are used in the normal course of business. Our operating leases consist of buildings and equipment. | |||||
Operating lease expense for the years ended December 31, 2013 and 2012 was $709,000 and $626,000, respectively. | |||||
The following schedule reflects our future minimum lease payments under operating leases, including related-party payments (see Note 19) for the years ending December 31 (in thousands): | |||||
Year | Minimum Lease Payments | ||||
2014 | $ | 709 | |||
2015 | 618 | ||||
2016 | 487 | ||||
2017 | 453 | ||||
2018 | 453 | ||||
Total | $ | 2,720 | |||
Legal Proceedings and Contingencies | |||||
Liabilities for material claims against the Company are accrued when a loss is considered probable and can be reasonably estimated. Legal costs associated with claims are expensed as incurred. | |||||
We are engaged in disputes and claims that arose in the normal course of business. We believe the ultimate outcome of these proceedings will not have a material adverse impact on our consolidated financial position or results of operations. For additional information, see Part II — Item 8. Financial Statements and Supplementary Data — Notes to Consolidated Financial Statements — Note 20. | |||||
Commitments | |||||
We have exclusive rights to two patents (licensed from IGT) related to RFID for use in casino currencies, as well as any gaming table tracking system and method. This allows us to market, sell, manufacture and distribute RFID casino currency, readers and systems in the US. The patents expire in 2015. Cumulative minimum payments for these rights are $125,000. | |||||
We purchased certain security technology from an unrelated third party for use in our casino currencies under an exclusive contract which requires that we purchase a minimum of $50,000 in product each year through 2016, or $150,000 through the remaining life of the contract. | |||||
Employment Agreements | |||||
The Company has employment agreements with key employees which include severance commitments in the event the Company terminates the employee without cause. Total commitments under the agreements aggregate approximately $518,300 as of December 31, 2013. | |||||
Accumulated_Other_Comprehensiv
Accumulated Other Comprehensive Income | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Equity [Abstract] | ' | ||||||||
Comprehensive Income (Loss) Note [Text Block] | ' | ||||||||
Note 11. Accumulated Other Comprehensive Income | |||||||||
Accumulated other comprehensive income consists of the following at December 31 (in thousands): | |||||||||
2013 | 2012 | ||||||||
Foreign currency translation | $ | 1,676 | $ | 1,190 | |||||
Unrealized gain on securities, net of tax | 1 | 1 | |||||||
Unrecognized pension transition asset, net of tax | — | (4 | ) | ||||||
Total accumulated other comprehensive income | $ | 1,677 | $ | 1,187 | |||||
Geographic_and_Product_Line_In
Geographic and Product Line Information | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Segment Reporting [Abstract] | ' | ||||||||||||||||
Segment Reporting Disclosure [Text Block] | ' | ||||||||||||||||
Note 12. Geographic and Product Line Information | |||||||||||||||||
We manufacture and sell casino table game equipment in one operating segment — casino table game products. Although the Company derives its revenues from a number of different product lines, the Company neither allocates resources based on the operating results from the individual product lines, nor manages each individual product line as a separate business unit. Our chief operating decision maker is our Chief Executive Officer (CEO). He manages our operations on a consolidated basis to make decisions about overall corporate resource allocation and to assess overall corporate profitability. Our CEO is also the chief operating manager for each of our entities in the United States, France and Macau; that is, the individual locations do not have “segment”, “product line” or other overall managers who report to our CEO. | |||||||||||||||||
The following table presents certain data by geographic area for the years ended December 31 (in thousands): | |||||||||||||||||
2013 | 2012 | ||||||||||||||||
Revenues | |||||||||||||||||
The Americas | $ | 31,096 | 55.3 | % | $ | 32,891 | 52.3 | % | |||||||||
Asia-Pacific | 21,003 | 37.4 | % | 25,532 | 40.6 | % | |||||||||||
Europe and Africa | 4,074 | 7.3 | % | 4,473 | 7.1 | % | |||||||||||
Total | $ | 56,173 | 100 | % | $ | 62,896 | 100 | % | |||||||||
The following table represents our net sales by product line for the years ended December 31 (in thousands): | |||||||||||||||||
2013 | 2012 | ||||||||||||||||
Casino currency without RFID | $ | 20,327 | 36.2 | % | $ | 29,860 | 47.5 | % | |||||||||
Casino currency with RFID | 12,237 | 21.8 | % | 11,805 | 18.8 | % | |||||||||||
Total casino currency | 32,564 | 58 | % | 41,665 | 66.3 | % | |||||||||||
Playing cards | 6,526 | 11.6 | % | 5,551 | 8.8 | % | |||||||||||
Table layouts | 4,314 | 7.7 | % | 4,425 | 7 | % | |||||||||||
Table accessories and other products | 3,494 | 6.2 | % | 3,323 | 5.3 | % | |||||||||||
RFID solutions | 2,566 | 4.6 | % | 839 | 1.3 | % | |||||||||||
Dice | 2,489 | 4.4 | % | 2,287 | 3.6 | % | |||||||||||
Gaming furniture | 2,410 | 4.3 | % | 2,882 | 4.6 | % | |||||||||||
Shipping | 1,810 | 3.2 | % | 1,924 | 3.1 | % | |||||||||||
Total | $ | 56,173 | 100 | % | $ | 62,896 | 100 | % | |||||||||
In 2012, we had one casino customer that accounted for 14% of revenues. | |||||||||||||||||
The following table represents our property and equipment, net by geographic area at December 31 (in thousands): | |||||||||||||||||
2013 | 2012 | ||||||||||||||||
Property and equipment, net: | |||||||||||||||||
France | $ | 4,502 | $ | 4,874 | |||||||||||||
Mexico | 3,360 | 2,935 | |||||||||||||||
United States | 2,987 | 3,327 | |||||||||||||||
Asia | 147 | 54 | |||||||||||||||
Total | $ | 10,996 | $ | 11,190 | |||||||||||||
The following table represents our intangible assets, net by geographic area at December 31 (in thousands): | |||||||||||||||||
2013 | 2012 | ||||||||||||||||
Intangible assets, net: | |||||||||||||||||
United States | $ | 964 | $ | 511 | |||||||||||||
France | 21 | 29 | |||||||||||||||
Total | $ | 985 | $ | 540 | |||||||||||||
Pension_Plans
Pension Plans | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Compensation and Retirement Disclosure [Abstract] | ' | ||||||||
Pension and Other Postretirement Benefits Disclosure [Text Block] | ' | ||||||||
Note 13. Pension Plans | |||||||||
For employees of GPI SAS, we sponsor a non-contributory, defined-benefit pension plan which funds a mandatory payment when employees retire at age 65. The lump-sum benefit amount is based on years of service, job classification, and compensation in the twelve months prior to retirement. The following amounts relate to this defined-benefit pension plan at December 31 (in thousands): | |||||||||
2013 | 2012 | ||||||||
Change in benefit obligation: | |||||||||
Benefit obligation at beginning of year | $ | 427 | $ | 322 | |||||
Service cost | 32 | 24 | |||||||
Interest cost | 14 | 14 | |||||||
Actuarial (gain) loss | (19 | ) | 75 | ||||||
Benefits paid | — | (18 | ) | ||||||
Effect of foreign exchange rate changes | 19 | 10 | |||||||
Benefit obligation at end of year | 473 | 427 | |||||||
Change in plan assets: | |||||||||
Fair value of plan assets at beginning of year | 431 | 406 | |||||||
Actual return on plan assets | 17 | 17 | |||||||
Effect of foreign exchange rate changes | 19 | 8 | |||||||
Fair value of plan assets at end of year | 467 | 431 | |||||||
Funded status and (accrued) prepaid benefit cost | $ | (6 | ) | $ | 4 | ||||
At December 31, 2013, the accrued benefit cost of $6,000 was recognized in the consolidated balance sheets in other liabilities. At December 31, 2012, the prepaid benefit cost of $4,000 was recognized in the consolidated balance sheets in other assets. | |||||||||
Plan assets are measured using a Level 1 valuation methodology and consist of the following asset funds at December 31 (in thousands): | |||||||||
2013 | 2012 | ||||||||
Worldwide bond fund | $ | 199 | $ | 194 | |||||
Guaranteed equity fund | 156 | 126 | |||||||
European rate fund | 112 | 111 | |||||||
Fair value of plan assets at end of year | $ | 467 | $ | 431 | |||||
GPIC management is responsible for our investment strategy of growing plan assets, while maintaining a reasonable amount of risk over the long-term investment horizon. In order to reduce risk, pension assets are diversified across several classes of investments. We did not make any contribution to the pension plan in either 2013 or 2012. | |||||||||
The weighted-average assumptions used in the valuation of pension benefits are as follows as of December 31: | |||||||||
2013 | 2012 | ||||||||
Assumptions: | |||||||||
Discount rate | 3.25 | % | 3 | % | |||||
Rate of compensation increase | 3 | % | 3 | % | |||||
The accumulated benefit obligation was $322,000 and $286,000 as of December 31, 2013 and 2012, respectively. | |||||||||
Net pension expense consisted of the following for the years ended December 31 (in thousands): | |||||||||
2013 | 2012 | ||||||||
Service-cost benefits earned during the period | $ | 32 | $ | 24 | |||||
Interest expense on benefit obligation | 14 | 14 | |||||||
Amortization of unrecognized transition asset | — | (17 | ) | ||||||
Actual (return) on plan assets | (17 | ) | (17 | ) | |||||
Actuarial loss | (19 | ) | 75 | ||||||
Net pension expense | $ | 10 | $ | 79 | |||||
Projected benefit payments from the plan as of December 31, 2013 are estimated at $11,000 for 2014 through 2018, and an aggregate of $157,000 for 2019 through 2023. | |||||||||
We also sponsor a 401(k) plan for employees in the United States who have worked for us for over six months and are 21 years of age or older. Company contributions to the plan are based on the amounts contributed by eligible employees. Eligible employees can elect to contribute into the plan up to the lesser of the IRS annual limit or fifteen percent of their earnings. We contribute $0.50 for each $1.00 contributed by a participant in the plan up to four percent of the participant’s wages. The Company contributions made to the plan for the years ended December 31, 2013 and 2012 were $54,000 and $61,000, respectively. | |||||||||
Stockholders_Equity
Stockholders' Equity | 12 Months Ended |
Dec. 31, 2013 | |
Stockholders' Equity Note [Abstract] | ' |
Stockholders' Equity Note Disclosure [Text Block] | ' |
Note 14. Stockholder’s Equity | |
On December 1, 2011, the Board of Directors approved a stock repurchase program which authorized the repurchase of up to 5%, or 409,951 shares, of common stock. On November 30, 2012, the Board of Directors increased the number of shares available for repurchase to 498,512 shares. From the program’s inception through December 31, 2013, we have repurchased an aggregate of 282,922 shares of our common stock at a cost of $2,066,728, or a weighted-average price of $7.30 per share. As of December 31, 2013, 215,590 shares remain authorized for repurchase. | |
During the year ended December 31, 2013, we repurchased 129,810 shares of our common stock under this program at a cost of $1,012,147, or a weighted-average price of $7.80 per share. During the year ended December 31, 2012, we repurchased 141,860 shares of our common stock under this program at a cost of $983,029, or a weighted-average price of $6.93 per share. | |
Repurchases are subject to market conditions, share price, and other factors, as well as periodic review by the Board of Directors. Repurchases have been and will be made in accordance with applicable securities laws in the open market, in privately-negotiated transactions, and/or pursuant to Rule 10b5-1 for trading plans. To assist the implementation of the program, our Board of Directors adopted a 10b5-1 Purchase Plan on December 3, 2012 (the “Plan”). As permitted by the Plan, on August 5, 2013, the Board of Directors elected to terminate the Plan effective August 12, 2013. While the Plan has been terminated, the repurchase program remains in effect. The repurchase program does not specify an expiration date and it may be suspended or discontinued at any time. In addition to terminating the 10b5-1 Plan, the Board of Directors has imposed a minimum six month time period from the effective date of termination of the Plan before the Company may make any additional repurchases under the repurchase program, and there is no assurance that the Company will commence any repurchases at that time. | |
Stock_Option_Programs_and_Shar
Stock Option Programs and Share-based Compensation Expense | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ' | ||||||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Text Block] | ' | ||||||||||||||||
Note 15. Stock Option Programs and Share-based Compensation Expense | |||||||||||||||||
We have two active stock option programs which consist of the 1994 Directors’ Stock Option Plan, as amended (Directors’ Plan), and a Stock Option Agreement with Gregory S. Gronau (Gronau Agreement). | |||||||||||||||||
The Directors’ Plan provides that each non-employee director, upon joining the Board of Directors, will receive an initial option to purchase 6,000 shares of common stock. The initial option grant vests over a three-year period, with one-third of the option grant vesting at the end of each year. At the beginning of the fourth year of service on the Board of Directors, and each year thereafter, each non-employee director receives an annual grant to purchase 2,000 shares of common stock. In addition, annually each non-employee director receives options to purchase 1,500 shares of common stock for serving on certain committees of the Board of Directors. Options granted after the initial option grant vest immediately and are exercisable after six months. | |||||||||||||||||
In 2008, the Board of Directors amended and the stockholders subsequently approved an amendment to the Directors’ Plan to: (i) increase the total number of shares of common stock for which options may be granted to 450,000, an increase of 100,000 shares; and (ii) include authorization by the Board of Directors to grant discretionary stock options covering up to 100,000 of the total 450,000 shares to non-employee directors. Discretionary stock options vest immediately and are exercisable after six months. There were no discretionary stock option grants in 2013 or 2012. | |||||||||||||||||
The Gronau Agreement granted to Mr. Gronau an option to purchase 150,000 shares of the Company’s common stock. The stock option has a ten-year term and vests over a five-year period as follows: 20,000 shares on the first anniversary of the date of the grant; 30,000 shares on each of the second, third, and fourth anniversaries; and 40,000 shares on the fifth anniversary of the date of grant. The Gronau Agreement was presented to and approved by the Company’s Board of Directors and subsequently approved by the Company’s stockholders at its Annual Meeting of Stockholders held on May 6, 2009. | |||||||||||||||||
The following is a summary of stock option activity for the years ended December 31, 2013 and 2012: | |||||||||||||||||
Shares | Weighted- Average Exercise Price | Weighted- Average Remaining Contractual Term (Years) | Aggregate Intrinsic Value (in thousands) | ||||||||||||||
Outstanding at January 1, 2012 | 309,500 | $ | 7.57 | ||||||||||||||
Granted | 22,000 | 6.45 | |||||||||||||||
Outstanding at December 31, 2012 | 331,500 | 7.49 | |||||||||||||||
Granted | 27,000 | 8.1 | |||||||||||||||
Outstanding at December 31, 2013 | 358,500 | $ | 7.54 | 5.7 | $ | 538 | |||||||||||
Exercisable at December 31, 2013 | 309,000 | $ | 7.64 | 5.5 | $ | 476 | |||||||||||
For the years ended December 31, 2013 and 2012, no options were exercised. | |||||||||||||||||
We estimate the fair value of each stock option award on the grant date using the Black-Scholes valuation model. Dividends and expected volatility are based on historical factors related to our common stock. The risk-free rate is based on United States Treasury rates appropriate for the expected term, which is based on the contractual term of the options, as well as historical exercise and termination behavior. | |||||||||||||||||
The following table summarizes the weighted-average assumptions used, and related information, for option activity for the periods indicated. | |||||||||||||||||
2013 | 2012 | ||||||||||||||||
Option valuation assumptions: | |||||||||||||||||
Dividend yield | 1.2 | % | 1 | % | |||||||||||||
Expected volatility | 49.3 | % | 55.4 | % | |||||||||||||
Risk-free interest rate | 1.11 | % | 0.73 | % | |||||||||||||
Expected term of options | 5.6 yrs | 5.6 yrs | |||||||||||||||
Weighted-average fair value of options granted during the period | $ | 3.36 | $ | 2.91 | |||||||||||||
The following table summarizes our reported share-based compensation expense, which is included in general and administrative expenses in our consolidated statements of income as of December 31 (in thousands): | |||||||||||||||||
2013 | 2012 | ||||||||||||||||
Share-based compensation | $ | 208 | $ | 188 | |||||||||||||
Estimated tax benefit | (75 | ) | (68 | ) | |||||||||||||
Total share-based compensation, net of tax benefit | $ | 133 | $ | 120 | |||||||||||||
As of December 31, 2013, unrecognized compensation expense related to stock options was $38,000 and is expected to be fully recognized in 2014. | |||||||||||||||||
Other_Income_and_Expense
Other Income and Expense | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Other Income and Expenses [Abstract] | ' | ||||||||
Other Income and Other Expense Disclosure [Text Block] | ' | ||||||||
Note 16. Other Income and Expense | |||||||||
Other income and expense consists of the following for the years ended December 31 (in thousands): | |||||||||
2013 | 2012 | ||||||||
Interest income | $ | 223 | $ | 382 | |||||
Interest expense | (9 | ) | (8 | ) | |||||
(Loss) on foreign currency transactions | (224 | ) | (91 | ) | |||||
Other income, net | 14 | 7 | |||||||
Total other income and (expense) | $ | 4 | $ | 290 | |||||
Income_Taxes
Income Taxes | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Income Tax Disclosure [Abstract] | ' | ||||||||
Income Tax Disclosure [Text Block] | ' | ||||||||
Note 17. Income Taxes | |||||||||
The following table provides an analysis of our provision for income taxes for the years ended December 31 (in thousands): | |||||||||
2013 | 2012 | ||||||||
Current: | |||||||||
US Federal | $ | (8 | ) | $ | 677 | ||||
US State | 40 | 60 | |||||||
Foreign | (643 | ) | 2,029 | ||||||
Total Current | (611 | ) | 2,766 | ||||||
Deferred: | |||||||||
US Federal | (257 | ) | (48 | ) | |||||
US State | (47 | ) | 48 | ||||||
Foreign | 372 | (1,391 | ) | ||||||
Total Deferred | 68 | (1,391 | ) | ||||||
Income tax provision | $ | (543 | ) | $ | 1,375 | ||||
Income before income taxes consisted of the following for the years ended December 31 (in thousands): | |||||||||
2013 | 2012 | ||||||||
Foreign | $ | 1,002 | $ | 4,397 | |||||
United States | (379 | ) | 3,053 | ||||||
Income before income taxes | $ | 623 | $ | 7,450 | |||||
A reconciliation of our income tax expense as compared to the tax expense calculated by applying the statutory federal tax rate to income before income taxes for the years ended December 31 is as follows: | |||||||||
2013 | 2012 | ||||||||
Computed expected income tax expense | 34 | % | 34 | % | |||||
State income taxes, net of federal benefits | 3.9 | % | 1.2 | % | |||||
Subpart F income adjustment | 29.2 | % | 1.7 | % | |||||
Foreign rate differential (excl. Research Credit) | (67.7 | )% | (8.7 | )% | |||||
Change in valuation allowance | (27.4 | )% | (8.3 | )% | |||||
French Research Credit | (62.4 | )% | (3.1 | )% | |||||
True-ups | (3.1 | )% | 0.4 | % | |||||
Other, net | 6.3 | % | 1.3 | % | |||||
Income tax expense | (87.2 | )% | 18.5 | % | |||||
The primary components of net deferred income tax assets at December 31 are as follows (in thousands): | |||||||||
2013 | 2012 | ||||||||
Deferred tax assets: | |||||||||
Tax credits | $ | 3,887 | $ | 7,109 | |||||
Fixed assets | 748 | 608 | |||||||
Stock compensation | 565 | 479 | |||||||
French deferred assets | 188 | 460 | |||||||
Bad debt reserves and inventory | 321 | 316 | |||||||
Intangibles | 36 | 84 | |||||||
Operating loss carryforwards | 655 | 28 | |||||||
Other | 20 | 41 | |||||||
Total gross deferred tax assets | 6,420 | 9,125 | |||||||
Less: valuation allowance | (2,149 | ) | (2,360 | ) | |||||
Total net deferred tax assets | 4,271 | 6,765 | |||||||
Deferred tax liabilities: | |||||||||
Excess book basis in shares of GPI SAS | 1,249 | 4,394 | |||||||
French deferred liabilities | 621 | 638 | |||||||
Total deferred tax liabilities | 1,870 | 5,032 | |||||||
Deferred tax assets, net | $ | 2,401 | $ | 1,733 | |||||
In 2012, we provided deferred taxes on the excess book basis in the shares of GPI SAS, as the Company intended to distribute dividends from our French subsidiary. During 2013, GPIC received a $5.1 million dividend from GPI SAS. We believe that the foreign tax credits generated by the current and future dividends will substantially offset the taxable income from these dividends and will result in a negligible benefit to the effective tax rate. | |||||||||
For our investment in GPI Asia, deferred taxes have not been provided on unrepatriated foreign earnings. These earnings are considered permanently reinvested, since it is management’s intention to reinvest these foreign earnings in future operations. We project that we will have sufficient cash flow in the US and will not need to repatriate the foreign earnings from GPI Asia to finance US operations. Based on this, deferred taxes have not been provided on unrepatriated foreign earnings of GPI Asia in the amount of approximately $4.3 million. | |||||||||
As of December 31, 2013, we had a total of $3.9 million in foreign tax credits, of which $1.3 million are associated with future dividends from GPI SAS. Foreign tax credits can be offset against future taxable income, subject to certain limitations, for a period of ten years. Foreign tax credits of $0.1 million, $1.3 million, and $1.3 million will expire in 2015, 2016, and 2017, respectively. As of December 31, 2013, we have a valuation allowance of $2.1 million related to foreign tax credit carryovers due to ongoing uncertainty of future foreign-source and US-taxable income. | |||||||||
As of December 31, 2013, we have state net operating loss carryforwards of $0.3 million which will expire from 2014 through 2031. The utilization of these state net operating loss carryforwards depends upon apportionment percentages and state laws, which can change from year to year. | |||||||||
We have analyzed filing positions in all of the federal, state and foreign jurisdictions where it is required to file income tax returns, as well as all open tax years in these jurisdictions. We believe that our income tax filing positions and deductions will be sustained upon audit and we do not anticipate any adjustments that will result in a material change to our financial position. Our policy for recording interest and penalties associated with audits and unrecognized tax benefits is to record such items as a component of income tax expense. | |||||||||
We are subject to taxation in the U.S. and various states and foreign jurisdictions. With few exceptions, the tax years 2010 through 2013 remain open to examination under the statute of limitations by the U.S. Internal Revenue Service and various states for GPIC and GPI USA, by the French Tax Administration for GPI SAS, and the Government of the Macao Special Administrative Region — Financial Services Bureau for GPI Asia. | |||||||||
Earnings_per_Share_EPS
Earnings per Share (EPS) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Earnings Per Share [Abstract] | ' | ||||||||
Earnings Per Share [Text Block] | ' | ||||||||
Note 18. Earnings per Share (EPS) | |||||||||
The weighted-average number of common shares outstanding used in the computation of basic and diluted earnings per share is as follows (in thousands): | |||||||||
2013 | 2012 | ||||||||
Weighted-average number of common shares outstanding – basic | 7,942 | 8,122 | |||||||
Potential dilution from equity grants | 87 | 27 | |||||||
Weighted-average number of common shares outstanding – diluted | 8,029 | 8,149 | |||||||
We have certain outstanding stock options to purchase common stock which have exercise prices greater than the average market price. These anti-dilutive options have been excluded from the computation of diluted net income per share. Outstanding anti-dilutive options for the years ended December 31, 2013 and 2012 totaled to 39,000 and 124,000, respectively. | |||||||||
Relatedparty_Transactions
Related-party Transactions | 12 Months Ended |
Dec. 31, 2013 | |
Related Party Transactions [Abstract] | ' |
Related Party Transactions Disclosure [Text Block] | ' |
Note 19. Related-party Transactions | |
We lease three manufacturing facilities totaling approximately 90,000 square feet located in San Luis Rio Colorado, Mexico from an entity controlled by the family of the General Manager of GPI Mexicana. The lease runs through December 2018 at the monthly rental amount of $0.35 per square foot, or approximately $31,500. | |
Subsequent_Event
Subsequent Event | 12 Months Ended |
Dec. 31, 2013 | |
Subsequent Events [Abstract] | ' |
Subsequent Events [Text Block] | ' |
Note 20. Subsequent Event | |
On March 21, 2014, Walker Digital Table Systems (WDTS) and PJM Gaming informed the Company that International Game Technology (IGT) was in breach of an agreement under which the Company was granted a distribution license relating to RFID technology. Concurrently, WDTS and PJM Gaming filed suit against the Company in U.S. District Court for patent infringement of four patents licensed to IGT by the agreement. | |
The Company and its counsel believe there has been no breach of the agreement and, therefore, no basis for the suit against the Company. The Company has entered into discussions with IGT and WDTS with the intent of resolving the dispute without litigation. | |
On March 13, 2014, we entered into a letter of intent regarding the possible acquisition of substantially all of the assets of GemGroup Inc. and its subsidiaries for $22.5 million in cash. GemGroup is a privately-held manufacturer of casino currency, cards and table layouts primarily sold under the Gemaco brand. We expect to fund the acquisition using a combination of cash and bank financing. We anticipate closing on the transaction on or before June 30, 2014. However, given the uncertainty associated with due diligence, we cannot guarantee the transaction will be consummated. In connection with the letter of intent, we deposited $1.0 million in earnest money with a third party escrow agent. If we cannot negotiate a definitive asset purchase agreement or otherwise fail to complete the transaction other than for certain specified reasons, the earnest money may be forfeited to GemGroup. | |
Nature_of_Business_and_Signifi1
Nature of Business and Significant Accounting Policies (Policies) | 12 Months Ended | ||||
Dec. 31, 2013 | |||||
Accounting Policies [Abstract] | ' | ||||
Consolidation, Policy [Policy Text Block] | ' | ||||
Basis of Consolidation. The consolidated financial statements include the accounts of GPIC and its wholly-owned subsidiaries GPI USA, GPI SAS, GPI Asia, and GPI Mexicana, our maquiladora manufacturing operation. All material intercompany balances and transactions have been eliminated in consolidation. The consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States. | |||||
Cash and Cash Equivalents, Policy [Policy Text Block] | ' | ||||
Cash and Cash Equivalents. We consider all highly-liquid investments with original maturities of three months or less to be cash and cash equivalents. The Company maintains cash and cash equivalents in various United States banks. Several accounts are in excess of the federally-insured limit of $250,000. The Company also maintains cash and cash equivalents in foreign banks that are not insured. | |||||
Fair Value of Financial Instruments, Policy [Policy Text Block] | ' | ||||
Fair Value of Financial Instruments. The fair value of cash and cash equivalents, marketable securities, accounts receivable, and accounts payable approximates the carrying amount of these financial instruments due to their short-term nature. | |||||
Marketable Securities, Policy [Policy Text Block] | ' | ||||
Marketable Securities. We account for our investments in marketable securities as available-for-sale and, as such, they are recorded on our consolidated balance sheets at estimated fair value. Unrealized holding gains and losses are excluded from earnings and are, instead, reported within accumulated other comprehensive income. | |||||
Accounts Receivables And Customer Deposits [Policy Text Block] | ' | ||||
Accounts Receivables and Customer Deposits. We perform ongoing credit evaluations of our customers and generally require a deposit prior to commencing work on a customer order. These customer deposits are classified as a current liability on the consolidated balance sheets. We also maintain an allowance for doubtful accounts to state trade receivables at their estimated realizable value. This allowance applies to all customers and is estimated based on a variety of factors, including the length of time the receivables are past due, economic conditions and trends, significant one-time events, and historical experience. Changes are made to the allowance based on our awareness of a particular customer’s ability to meet its financial obligations. Receivables are written-off when management determines that collectability is remote. | |||||
Inventory, Policy [Policy Text Block] | ' | ||||
Inventories. Inventories are stated at the lower of cost or market. Cost is determined using a weighted-average method for GPI SAS and a first-in, first-out method for GPI USA and GPI Asia. Market value is determined by comparing inventory item carrying values to estimates of net realizable value. The analysis of net realizable value includes reviewing overall inventory levels, historical and projected sales or usage of these items, the projected markets for our products, and selling costs. Inventory that we estimate will not be used within one year is considered non-current inventory. | |||||
Property, Plant and Equipment, Policy [Policy Text Block] | ' | ||||
Property and Equipment. Property and equipment are stated at cost, net of accumulated depreciation. Depreciation is computed using the straight-line method for financial reporting purposes over the following estimated useful lives: | |||||
Years | |||||
Buildings and Improvements | 3 – 40 | ||||
Furniture and Equipment | 2 – 15 | ||||
Vehicles | 5 – 7 | ||||
Impairment or Disposal of Long-Lived Assets, Including Intangible Assets, Policy [Policy Text Block] | ' | ||||
Long-lived and Intangible Assets. The Company evaluates the carrying value of long-lived assets (including property and equipment and intangible assets) for possible impairment when events or change in circumstances indicate that the carrying value of an asset may not be recoverable. Intangible assets are tested for impairment annually each December 31. In general, we will recognize an impairment loss when the sum of undiscounted expected cash flows from the asset is less than the carrying amount of such asset. Intangible assets, such as patents and trademarks, are amortized using the straight-line method over their economic lives. | |||||
Revenue Recognition, Policy [Policy Text Block] | ' | ||||
Revenue Recognition. For casino table game product sales, we record revenue, net of excise and sales taxes, when it is realized, or realizable, and earned. We consider these criteria met when persuasive evidence of an arrangement exists, delivery has occurred or services have been rendered, the sales price is fixed or determinable, collectability is reasonably assured and, if required, acceptance is received from the customer. Shipping costs billed to our customers are reflected in revenues, with the related expense included in cost of revenues. Sales tax collected from customers is excluded from revenue and included in accrued expenses. | |||||
Starting in 2011, we entered into multiple-element arrangements with our customers to provide RFID solutions. Such transactions may include deliverables such as RFID equipment, installation and training services, embedded RFID software licenses, and limited software support services. In such arrangements, RFID equipment and embedded RFID software work together to deliver the functionality purchased by our customer. Therefore, we apply the provisions of multiple-element accounting to separate the deliverables and allocate the total arrangement consideration based upon relative estimated selling prices. Each unit of accounting is then accounted for under the applicable revenue recognition guidance. For RFID equipment and related services, revenue generally is recorded when all customer-defined acceptance criteria are satisfied. For RFID software support services, revenue generally is amortized over the term of the support contract. | |||||
Research and Development Expense, Policy [Policy Text Block] | ' | ||||
Research and Development. Research and development costs are the costs related to developing new and improved products and manufacturing processes and are charged to expense when incurred and are included in our consolidated statements of income. These costs include staff compensation and related expenses, subcontract costs, materials, and supplies. | |||||
Income Tax, Policy [Policy Text Block] | ' | ||||
Income Taxes. We recognize a current tax liability or asset for estimated taxes payable or refundable on tax returns for the current year and a deferred tax liability or asset for estimated future tax effects, attributable to temporary differences and carryforwards. | |||||
GPIC and its subsidiaries file separate income tax returns in their respective jurisdictions. Income taxes are provided for the tax effects of transactions reported in the consolidated financial statements and consist of taxes currently due plus deferred taxes related primarily to differences between the basis of assets and liabilities for financial and income tax reporting. The deferred tax assets and liabilities represent the future tax consequences of those differences, which will either be taxable or deductible when the assets and liabilities are recovered or settled. Deferred taxes also are recognized for operating losses that are available to offset future income taxes. | |||||
The Company reviews all of its tax positions and makes a determination as to whether its position is more likely than not to be sustained upon examination by tax authorities. If a tax position meets the more-likely-than-not standard, then the related tax benefit is measured based on the cumulative probability that the amount is more likely than not to be realized upon ultimate settlement or disposition of the underlying issue. The Company recognizes interest and penalties related to unrecognized tax positions in the provision for income taxes on the consolidated statements of income. | |||||
Foreign Currency Transactions and Translations Policy [Policy Text Block] | ' | ||||
Foreign Currency Transactions. The financial statements of GPI SAS are measured using the euro as the functional currency. Assets and liabilities of GPI SAS are translated into the US dollar at exchange rates at the balance sheet date. Revenues and expenses are translated into the US dollar at average rates of exchange in effect during the year. The resulting cumulative translation adjustments are recorded within accumulated other comprehensive income. | |||||
The financial statements of GPI Asia and GPI Mexicana are measured using the US dollar as the functional currency. Non-monetary assets and liabilities are translated at historical exchange rates, and monetary assets and liabilities are translated at current exchange rates. Exchange gains and losses arising from translation are included in other income and expense in the consolidated statements of income. | |||||
Transaction gains and losses that arise from exchange rate fluctuations on transactions with third parties denominated in a currency other than the functional currency are included in the results of operations as incurred. | |||||
Comprehensive Income, Policy [Policy Text Block] | ' | ||||
Comprehensive Income. Comprehensive income includes net income, unrealized gains and losses on available-for-sale securities recorded net of tax, pension-related costs, and foreign currency translation adjustments. | |||||
Use of Estimates, Policy [Policy Text Block] | ' | ||||
Estimates. The preparation of consolidated financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the consolidated financial statements, and the reported amounts of revenues and expenses during the reporting period. Estimates and assumptions have been made in determining the allowance for doubtful accounts receivable; write-downs of slow moving, excess, and obsolete inventories; the depreciable lives of fixed assets; estimates for the recoverability of long-lived assets, including intangible assets; the recoverability of deferred tax assets; and potential exposures relating to litigation, claims, and assessments. Actual results could differ from those estimates and assumptions. | |||||
New Accounting Pronouncements, Policy [Policy Text Block] | ' | ||||
Recently Issued Accounting Standards. Effective January 1, 2012, the Company adopted the Financial Accounting Standards Board (FASB) Accounting Standards Update (ASU) No. 2011-05, Presentation of Comprehensive Income and ASU No. 2011-12, Deferral of the Effective Date for Amendments to the Presentation of Reclassifications of Items Out of Accumulated Other Comprehensive Income in Accounting Standards Update No. 2011-05. These ASUs eliminate the option to present the components of other comprehensive income in the statement of changes in stockholders’ equity. Instead, entities have the option to present the components of net income, the components of other comprehensive income, and total comprehensive income in a single continuous statement or in two separate, but consecutive, statements. The amendments did not change the items reported in other comprehensive income or when an item of other comprehensive income is reclassified to net income. As a result, the adoption of this guidance did not affect our consolidated financial position, results of operations, or cash flows. We have presented the components of net income, the components of other comprehensive income, and total comprehensive income in two separate, but consecutive, statements. | |||||
Nature_of_Business_and_Signifi2
Nature of Business and Significant Accounting Policies (Tables) | 12 Months Ended | ||||
Dec. 31, 2013 | |||||
Accounting Policies [Abstract] | ' | ||||
Estimated Useful Lives [Table Text Block] | ' | ||||
Depreciation is computed using the straight-line method for financial reporting purposes over the following estimated useful lives: | |||||
Years | |||||
Buildings and Improvements | 3 – 40 | ||||
Furniture and Equipment | 2 – 15 | ||||
Vehicles | 5 – 7 | ||||
Cash_Cash_Equivalents_and_Mark1
Cash, Cash Equivalents, and Marketable Securities (Tables) | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||
Cash and Cash Equivalents [Abstract] | ' | ||||||||||||||||||||||||
Cash and Cash Equivalents and Marketable Securities [Table Text Block] | ' | ||||||||||||||||||||||||
The following summarizes the geographic location of our holdings (in thousands): | |||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||
Cash and Cash Equivalents | Marketable Securities | Total | Cash and Cash Equivalents | Marketable Securities | Total | ||||||||||||||||||||
United States | $ | 11,052 | $ | — | $ | 11,052 | $ | 8,120 | $ | — | $ | 8,120 | |||||||||||||
France | 344 | 5,724 | 6,068 | 1,084 | 13,546 | 14,630 | |||||||||||||||||||
Macau S.A.R., China | 3,096 | — | 3,096 | 4,834 | — | 4,834 | |||||||||||||||||||
Total | $ | 14,492 | $ | 5,724 | $ | 20,216 | $ | 14,038 | $ | 13,546 | $ | 27,584 | |||||||||||||
Available-for-sale Securities [Table Text Block] | ' | ||||||||||||||||||||||||
Available-for-sale marketable securities consist of investments in securities such as certificates of deposit offered by French and US banks, and bond mutual funds (in thousands): | |||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||
Cost | Unrealized Gain/(Loss) | Fair Value | Cost | Unrealized Gain/(Loss) | Fair Value | ||||||||||||||||||||
Certificates of deposit | $ | 4,680 | $ | — | $ | 4,680 | $ | 7,137 | $ | — | $ | 7,137 | |||||||||||||
Bond mutual funds | 1,044 | — | 1,044 | 6,409 | — | 6,409 | |||||||||||||||||||
Total marketable securities | $ | 5,724 | $ | — | $ | 5,724 | $ | 13,546 | $ | — | $ | 13,546 | |||||||||||||
Accounts_Receivable_and_Allowa1
Accounts Receivable and Allowance for Doubtful Accounts (Tables) | 12 Months Ended | ||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||
Valuation and Qualifying Accounts [Abstract] | ' | ||||||||||||||||||||
Schedule of Allowance for Doubtful Accounts Receivable Roll Forward [Table Text Block] | ' | ||||||||||||||||||||
The allowance for doubtful accounts consists of the following (in thousands): | |||||||||||||||||||||
Balance at Beginning of Year | Provision (Benefit) | Write-offs, | Exchange | Balance at | |||||||||||||||||
Net of Recoveries | Rate Effect | End of Year | |||||||||||||||||||
2013 | $ | 152 | $ | (39 | ) | $ | — | $ | 1 | $ | 114 | ||||||||||
2012 | $ | 366 | $ | (214 | ) | $ | — | $ | — | $ | 152 | ||||||||||
Inventories_Tables
Inventories (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Inventory Disclosure [Abstract] | ' | ||||||||
Schedule of Inventory, Current [Table Text Block] | ' | ||||||||
Inventories consist of the following at December 31 (in thousands): | |||||||||
2013 | 2012 | ||||||||
Raw materials | $ | 4,957 | $ | 4,147 | |||||
Work in progress | 937 | 1,875 | |||||||
Finished goods | 1,688 | 1,522 | |||||||
Total inventories | $ | 7,582 | $ | 7,544 | |||||
Schedule of Inventory, Noncurrent [Table Text Block] | ' | ||||||||
The classification of our inventories on our consolidated balance sheets is as follows (in thousands): | |||||||||
2013 | 2012 | ||||||||
Current | $ | 7,407 | $ | 7,337 | |||||
Non-current | 175 | 207 | |||||||
Total inventories | $ | 7,582 | $ | 7,544 | |||||
Other_Current_Assets_Tables
Other Current Assets (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Other Current Assets [Abstract] | ' | ||||||||
Schedule of Other Current Assets [Table Text Block] | ' | ||||||||
Other current assets consist of the following at December 31 (in thousands): | |||||||||
2013 | 2012 | ||||||||
Income tax-related assets | $ | 2,331 | $ | 227 | |||||
Refundable value-added tax | 312 | 447 | |||||||
Deposits | 214 | 434 | |||||||
Other | 197 | 203 | |||||||
Total other current assets | $ | 3,054 | $ | 1,311 | |||||
Property_and_Equipment_Tables
Property and Equipment (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Property, Plant and Equipment [Abstract] | ' | ||||||||
Property, Plant and Equipment [Table Text Block] | ' | ||||||||
Property and equipment consists of the following at December 31 (in thousands): | |||||||||
2013 | 2012 | ||||||||
Land | $ | 1,792 | $ | 1,779 | |||||
Buildings and improvements | 8,897 | 8,662 | |||||||
Equipment and furniture | 21,801 | 20,189 | |||||||
Vehicles | 475 | 432 | |||||||
32,965 | 31,062 | ||||||||
Less accumulated depreciation | (21,969 | ) | (19,872 | ) | |||||
Property and equipment, net | $ | 10,996 | $ | 11,190 | |||||
Intangible_Assets_Tables
Intangible Assets (Tables) | 12 Months Ended | ||||||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||||||
Goodwill and Intangible Assets Disclosure [Abstract] | ' | ||||||||||||||||||||||||||||
Schedule of Finite-Lived Intangible Assets [Table Text Block] | ' | ||||||||||||||||||||||||||||
Intangible assets consist of the following at December 31 (in thousands): | |||||||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||||||
Gross Carrying Amount | Accum Amort | Net Carrying Amount | Gross Carrying Amount | Accum Amort | Net Carrying Amount | Estimated Useful Life (Years) | |||||||||||||||||||||||
Trademarks | $ | 631 | $ | (240 | ) | $ | 391 | $ | 620 | $ | (191 | ) | $ | 429 | 10 – 12 | ||||||||||||||
Patents | 517 | (480 | ) | 37 | 690 | (633 | ) | 57 | 13 – 14 | ||||||||||||||||||||
Customer list | 513 | (30 | ) | 483 | — | — | — | 10 | |||||||||||||||||||||
Licenses | 225 | (225 | ) | — | 225 | (200 | ) | 25 | 1 – 3 | ||||||||||||||||||||
Other intangible assets | 103 | (29 | ) | 74 | 44 | (15 | ) | 29 | 5 – 10 | ||||||||||||||||||||
Total intangible assets | $ | 1,989 | $ | (1,004 | ) | $ | 985 | $ | 1,579 | $ | (1,039 | ) | $ | 540 | |||||||||||||||
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block] | ' | ||||||||||||||||||||||||||||
The following table provides estimated amortization expense for the years ending December 31 (in thousands): | |||||||||||||||||||||||||||||
Year | Amortization Expense | ||||||||||||||||||||||||||||
2014 | $ | 123 | |||||||||||||||||||||||||||
2015 | 123 | ||||||||||||||||||||||||||||
2016 | 117 | ||||||||||||||||||||||||||||
2017 | 114 | ||||||||||||||||||||||||||||
2018 | 114 | ||||||||||||||||||||||||||||
Thereafter | 394 | ||||||||||||||||||||||||||||
Total | $ | 985 | |||||||||||||||||||||||||||
Accrued_Liabilities_Tables
Accrued Liabilities (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Payables and Accruals [Abstract] | ' | ||||||||
Schedule of Accrued Liabilities [Table Text Block] | ' | ||||||||
Accrued liabilities consist of the following at December 31 (in thousands): | |||||||||
2013 | 2012 | ||||||||
Accrued salaries, wages, and related costs | $ | 879 | $ | 1,104 | |||||
Accrued vacation | 830 | 949 | |||||||
Miscellaneous taxes | 488 | 629 | |||||||
Accrued bonuses and commissions | 104 | 1,761 | |||||||
Other | 617 | 736 | |||||||
Total accrued liabilities | $ | 2,918 | $ | 5,179 | |||||
Commitments_and_Contingencies_
Commitments and Contingencies (Tables) | 12 Months Ended | ||||
Dec. 31, 2013 | |||||
Commitments and Contingencies Disclosure [Abstract] | ' | ||||
Contractual Obligation, Fiscal Year Maturity Schedule [Table Text Block] | ' | ||||
The following schedule reflects our future minimum lease payments under operating leases, including related-party payments (see Note 19) for the years ending December 31 (in thousands): | |||||
Year | Minimum Lease Payments | ||||
2014 | $ | 709 | |||
2015 | 618 | ||||
2016 | 487 | ||||
2017 | 453 | ||||
2018 | 453 | ||||
Total | $ | 2,720 | |||
Accumulated_Other_Comprehensiv1
Accumulated Other Comprehensive Income (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Equity [Abstract] | ' | ||||||||
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] | ' | ||||||||
Accumulated other comprehensive income consists of the following at December 31 (in thousands): | |||||||||
2013 | 2012 | ||||||||
Foreign currency translation | $ | 1,676 | $ | 1,190 | |||||
Unrealized gain on securities, net of tax | 1 | 1 | |||||||
Unrecognized pension transition asset, net of tax | — | (4 | ) | ||||||
Total accumulated other comprehensive income | $ | 1,677 | $ | 1,187 | |||||
Geographic_and_Product_Line_In1
Geographic and Product Line Information (Tables) | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Segment Reporting [Abstract] | ' | ||||||||||||||||
Schedule of Revenue from Foreign Countries by Geographic Area [Table Text Block] | ' | ||||||||||||||||
The following table presents certain data by geographic area for the years ended December 31 (in thousands): | |||||||||||||||||
2013 | 2012 | ||||||||||||||||
Revenues | |||||||||||||||||
The Americas | $ | 31,096 | 55.3 | % | $ | 32,891 | 52.3 | % | |||||||||
Asia-Pacific | 21,003 | 37.4 | % | 25,532 | 40.6 | % | |||||||||||
Europe and Africa | 4,074 | 7.3 | % | 4,473 | 7.1 | % | |||||||||||
Total | $ | 56,173 | 100 | % | $ | 62,896 | 100 | % | |||||||||
Schedule of Product Revenue [Table Text Block] | ' | ||||||||||||||||
The following table represents our net sales by product line for the years ended December 31 (in thousands): | |||||||||||||||||
2013 | 2012 | ||||||||||||||||
Casino currency without RFID | $ | 20,327 | 36.2 | % | $ | 29,860 | 47.5 | % | |||||||||
Casino currency with RFID | 12,237 | 21.8 | % | 11,805 | 18.8 | % | |||||||||||
Total casino currency | 32,564 | 58 | % | 41,665 | 66.3 | % | |||||||||||
Playing cards | 6,526 | 11.6 | % | 5,551 | 8.8 | % | |||||||||||
Table layouts | 4,314 | 7.7 | % | 4,425 | 7 | % | |||||||||||
Table accessories and other products | 3,494 | 6.2 | % | 3,323 | 5.3 | % | |||||||||||
RFID solutions | 2,566 | 4.6 | % | 839 | 1.3 | % | |||||||||||
Dice | 2,489 | 4.4 | % | 2,287 | 3.6 | % | |||||||||||
Gaming furniture | 2,410 | 4.3 | % | 2,882 | 4.6 | % | |||||||||||
Shipping | 1,810 | 3.2 | % | 1,924 | 3.1 | % | |||||||||||
Total | $ | 56,173 | 100 | % | $ | 62,896 | 100 | % | |||||||||
Schedule of Property Plant and Equipment by Geographic Area [Table Text Block] | ' | ||||||||||||||||
The following table represents our property and equipment, net by geographic area at December 31 (in thousands): | |||||||||||||||||
2013 | 2012 | ||||||||||||||||
Property and equipment, net: | |||||||||||||||||
France | $ | 4,502 | $ | 4,874 | |||||||||||||
Mexico | 3,360 | 2,935 | |||||||||||||||
United States | 2,987 | 3,327 | |||||||||||||||
Asia | 147 | 54 | |||||||||||||||
Total | $ | 10,996 | $ | 11,190 | |||||||||||||
Schedule of Intangible Assets and Goodwill [Table Text Block] | ' | ||||||||||||||||
The following table represents our intangible assets, net by geographic area at December 31 (in thousands): | |||||||||||||||||
2013 | 2012 | ||||||||||||||||
Intangible assets, net: | |||||||||||||||||
United States | $ | 964 | $ | 511 | |||||||||||||
France | 21 | 29 | |||||||||||||||
Total | $ | 985 | $ | 540 | |||||||||||||
Pension_Plans_Tables
Pension Plans (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Compensation and Retirement Disclosure [Abstract] | ' | ||||||||
Schedule of Defined Benefit Plans Disclosures [Table Text Block] | ' | ||||||||
The following amounts relate to this defined-benefit pension plan at December 31 (in thousands): | |||||||||
2013 | 2012 | ||||||||
Change in benefit obligation: | |||||||||
Benefit obligation at beginning of year | $ | 427 | $ | 322 | |||||
Service cost | 32 | 24 | |||||||
Interest cost | 14 | 14 | |||||||
Actuarial (gain) loss | (19 | ) | 75 | ||||||
Benefits paid | — | (18 | ) | ||||||
Effect of foreign exchange rate changes | 19 | 10 | |||||||
Benefit obligation at end of year | 473 | 427 | |||||||
Change in plan assets: | |||||||||
Fair value of plan assets at beginning of year | 431 | 406 | |||||||
Actual return on plan assets | 17 | 17 | |||||||
Effect of foreign exchange rate changes | 19 | 8 | |||||||
Fair value of plan assets at end of year | 467 | 431 | |||||||
Funded status and (accrued) prepaid benefit cost | $ | (6 | ) | $ | 4 | ||||
Schedule of Benefit Obligations in Excess of Fair Value of Plan Assets [Table Text Block] | ' | ||||||||
Plan assets are measured using a Level 1 valuation methodology and consist of the following asset funds at December 31 (in thousands): | |||||||||
2013 | 2012 | ||||||||
Worldwide bond fund | $ | 199 | $ | 194 | |||||
Guaranteed equity fund | 156 | 126 | |||||||
European rate fund | 112 | 111 | |||||||
Fair value of plan assets at end of year | $ | 467 | $ | 431 | |||||
Schedule of Assumptions Used [Table Text Block] | ' | ||||||||
The weighted-average assumptions used in the valuation of pension benefits are as follows as of December 31: | |||||||||
2013 | 2012 | ||||||||
Assumptions: | |||||||||
Discount rate | 3.25 | % | 3 | % | |||||
Rate of compensation increase | 3 | % | 3 | % | |||||
Schedule of Net Benefit Costs [Table Text Block] | ' | ||||||||
Net pension expense consisted of the following for the years ended December 31 (in thousands): | |||||||||
2013 | 2012 | ||||||||
Service-cost benefits earned during the period | $ | 32 | $ | 24 | |||||
Interest expense on benefit obligation | 14 | 14 | |||||||
Amortization of unrecognized transition asset | — | (17 | ) | ||||||
Actual (return) on plan assets | (17 | ) | (17 | ) | |||||
Actuarial loss | (19 | ) | 75 | ||||||
Net pension expense | $ | 10 | $ | 79 | |||||
Stock_Option_Programs_and_Shar1
Stock Option Programs and Share-based Compensation Expense (Tables) | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ' | ||||||||||||||||
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block] | ' | ||||||||||||||||
The following is a summary of stock option activity for the years ended December 31, 2013 and 2012: | |||||||||||||||||
Shares | Weighted- Average Exercise Price | Weighted- Average Remaining Contractual Term (Years) | Aggregate Intrinsic Value (in thousands) | ||||||||||||||
Outstanding at January 1, 2012 | 309,500 | $ | 7.57 | ||||||||||||||
Granted | 22,000 | 6.45 | |||||||||||||||
Outstanding at December 31, 2012 | 331,500 | 7.49 | |||||||||||||||
Granted | 27,000 | 8.1 | |||||||||||||||
Outstanding at December 31, 2013 | 358,500 | $ | 7.54 | 5.7 | $ | 538 | |||||||||||
Exercisable at December 31, 2013 | 309,000 | $ | 7.64 | 5.5 | $ | 476 | |||||||||||
Schedule of weighted Average Number Of Fair value Assumption [Table Text Block] | ' | ||||||||||||||||
The following table summarizes the weighted-average assumptions used, and related information, for option activity for the periods indicated. | |||||||||||||||||
2013 | 2012 | ||||||||||||||||
Option valuation assumptions: | |||||||||||||||||
Dividend yield | 1.2 | % | 1 | % | |||||||||||||
Expected volatility | 49.3 | % | 55.4 | % | |||||||||||||
Risk-free interest rate | 1.11 | % | 0.73 | % | |||||||||||||
Expected term of options | 5.6 yrs | 5.6 yrs | |||||||||||||||
Weighted-average fair value of options granted during the period | $ | 3.36 | $ | 2.91 | |||||||||||||
Schedule of Share-based Compensation, Activity [Table Text Block] | ' | ||||||||||||||||
The following table summarizes our reported share-based compensation expense, which is included in general and administrative expenses in our consolidated statements of income as of December 31 (in thousands): | |||||||||||||||||
2013 | 2012 | ||||||||||||||||
Share-based compensation | $ | 208 | $ | 188 | |||||||||||||
Estimated tax benefit | (75 | ) | (68 | ) | |||||||||||||
Total share-based compensation, net of tax benefit | $ | 133 | $ | 120 | |||||||||||||
Other_Income_and_Expense_Table
Other Income and Expense (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Other Income and Expenses [Abstract] | ' | ||||||||
Schedule of Other Nonoperating Income (Expense) [Table Text Block] | ' | ||||||||
Other income and expense consists of the following for the years ended December 31 (in thousands): | |||||||||
2013 | 2012 | ||||||||
Interest income | $ | 223 | $ | 382 | |||||
Interest expense | (9 | ) | (8 | ) | |||||
(Loss) on foreign currency transactions | (224 | ) | (91 | ) | |||||
Other income, net | 14 | 7 | |||||||
Total other income and (expense) | $ | 4 | $ | 290 | |||||
Income_Taxes_Tables
Income Taxes (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Income Tax Disclosure [Abstract] | ' | ||||||||
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] | ' | ||||||||
The following table provides an analysis of our provision for income taxes for the years ended December 31 (in thousands): | |||||||||
2013 | 2012 | ||||||||
Current: | |||||||||
US Federal | $ | (8 | ) | $ | 677 | ||||
US State | 40 | 60 | |||||||
Foreign | (643 | ) | 2,029 | ||||||
Total Current | (611 | ) | 2,766 | ||||||
Deferred: | |||||||||
US Federal | (257 | ) | (48 | ) | |||||
US State | (47 | ) | 48 | ||||||
Foreign | 372 | (1,391 | ) | ||||||
Total Deferred | 68 | (1,391 | ) | ||||||
Income tax provision | $ | (543 | ) | $ | 1,375 | ||||
Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block] | ' | ||||||||
Income before income taxes consisted of the following for the years ended December 31 (in thousands): | |||||||||
2013 | 2012 | ||||||||
Foreign | $ | 1,002 | $ | 4,397 | |||||
United States | (379 | ) | 3,053 | ||||||
Income before income taxes | $ | 623 | $ | 7,450 | |||||
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] | ' | ||||||||
A reconciliation of our income tax expense as compared to the tax expense calculated by applying the statutory federal tax rate to income before income taxes for the years ended December 31 is as follows: | |||||||||
2013 | 2012 | ||||||||
Computed expected income tax expense | 34 | % | 34 | % | |||||
State income taxes, net of federal benefits | 3.9 | % | 1.2 | % | |||||
Subpart F income adjustment | 29.2 | % | 1.7 | % | |||||
Foreign rate differential (excl. Research Credit) | (67.7 | )% | (8.7 | )% | |||||
Change in valuation allowance | (27.4 | )% | (8.3 | )% | |||||
French Research Credit | (62.4 | )% | (3.1 | )% | |||||
True-ups | (3.1 | )% | 0.4 | % | |||||
Other, net | 6.3 | % | 1.3 | % | |||||
Income tax expense | (87.2 | )% | 18.5 | % | |||||
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] | ' | ||||||||
The primary components of net deferred income tax assets at December 31 are as follows (in thousands): | |||||||||
2013 | 2012 | ||||||||
Deferred tax assets: | |||||||||
Tax credits | $ | 3,887 | $ | 7,109 | |||||
Fixed assets | 748 | 608 | |||||||
Stock compensation | 565 | 479 | |||||||
French deferred assets | 188 | 460 | |||||||
Bad debt reserves and inventory | 321 | 316 | |||||||
Intangibles | 36 | 84 | |||||||
Operating loss carryforwards | 655 | 28 | |||||||
Other | 20 | 41 | |||||||
Total gross deferred tax assets | 6,420 | 9,125 | |||||||
Less: valuation allowance | (2,149 | ) | (2,360 | ) | |||||
Total net deferred tax assets | 4,271 | 6,765 | |||||||
Deferred tax liabilities: | |||||||||
Excess book basis in shares of GPI SAS | 1,249 | 4,394 | |||||||
French deferred liabilities | 621 | 638 | |||||||
Total deferred tax liabilities | 1,870 | 5,032 | |||||||
Deferred tax assets, net | $ | 2,401 | $ | 1,733 | |||||
Earnings_per_Share_EPS_Tables
Earnings per Share (EPS) (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Earnings Per Share [Abstract] | ' | ||||||||
Schedule of Weighted Average Number of Shares [Table Text Block] | ' | ||||||||
The weighted-average number of common shares outstanding used in the computation of basic and diluted earnings per share is as follows (in thousands): | |||||||||
2013 | 2012 | ||||||||
Weighted-average number of common shares outstanding – basic | 7,942 | 8,122 | |||||||
Potential dilution from equity grants | 87 | 27 | |||||||
Weighted-average number of common shares outstanding – diluted | 8,029 | 8,149 | |||||||
Nature_of_Business_and_Signifi3
Nature of Business and Significant Accounting Policies (Details) | 12 Months Ended |
Dec. 31, 2013 | |
Maximum [Member] | Building and Building Improvements [Member] | ' |
Property, Plant and Equipment, Useful Life | '40 years |
Maximum [Member] | Furniture and Equipment [Member] | ' |
Property, Plant and Equipment, Useful Life | '15 years |
Maximum [Member] | Vehicles [Member] | ' |
Property, Plant and Equipment, Useful Life | '7 years |
Minimum [Member] | Building and Building Improvements [Member] | ' |
Property, Plant and Equipment, Useful Life | '3 years |
Minimum [Member] | Furniture and Equipment [Member] | ' |
Property, Plant and Equipment, Useful Life | '2 years |
Minimum [Member] | Vehicles [Member] | ' |
Property, Plant and Equipment, Useful Life | '5 years |
Acquisition_Details_Textual
Acquisition (Details Textual) (Blue Chip Acquisition [Member], USD $) | 12 Months Ended |
In Millions, unless otherwise specified | Dec. 31, 2013 |
Blue Chip Acquisition [Member] | ' |
Business Acquisitions, Cost of Acquired Entity, Purchase Price | $0.80 |
Business Acquisition, Effective Date of Acquisition | 31-May-13 |
Cash_Cash_Equivalents_and_Mark2
Cash, Cash Equivalents, and Marketable Securities (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
In Thousands, unless otherwise specified | |||
Cash and Cash Equivalents | $14,492 | $14,038 | $9,282 |
Marketable Securities | 5,724 | 13,546 | ' |
Total | 20,216 | 27,584 | ' |
United States [Member] | ' | ' | ' |
Cash and Cash Equivalents | 11,052 | 8,120 | ' |
Marketable Securities | 0 | 0 | ' |
Total | 11,052 | 8,120 | ' |
France [Member] | ' | ' | ' |
Cash and Cash Equivalents | 344 | 1,084 | ' |
Marketable Securities | 5,724 | 13,546 | ' |
Total | 6,068 | 14,630 | ' |
Macau S.A.R. China [Member] | ' | ' | ' |
Cash and Cash Equivalents | 3,096 | 4,834 | ' |
Marketable Securities | 0 | 0 | ' |
Total | $3,096 | $4,834 | ' |
Cash_Cash_Equivalents_and_Mark3
Cash, Cash Equivalents, and Marketable Securities (Details 1) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Cost | $5,724 | $13,546 |
Unrealized Gain/(Loss) | 0 | 0 |
Fair Value | 5,724 | 13,546 |
Certificates of Deposit [Member] | ' | ' |
Cost | 4,680 | 7,137 |
Unrealized Gain/(Loss) | 0 | 0 |
Fair Value | 4,680 | 7,137 |
Bond Mutual Funds [Member] | ' | ' |
Cost | 1,044 | 6,409 |
Unrealized Gain/(Loss) | 0 | 0 |
Fair Value | $1,044 | $6,409 |
Accounts_Receivable_and_Allowa2
Accounts Receivable and Allowance for Doubtful Accounts (Details) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Balance at Beginning of Year | $152 | $366 |
Provision (Benefit) | -39 | -214 |
Write-offs, Net of Recoveries | 0 | 0 |
Exchange Rate Effect | 1 | 0 |
Balance at End of Year | $114 | $152 |
Accounts_Receivable_and_Allowa3
Accounts Receivable and Allowance for Doubtful Accounts (Details Textual) | Dec. 31, 2013 | Dec. 31, 2012 |
Customer One [Member] | ' | ' |
Entity Wide Receivable, Major Customer, Percentage | 10.00% | 12.00% |
Customer Two [Member] | ' | ' |
Entity Wide Receivable, Major Customer, Percentage | ' | 17.00% |
Inventories_Details
Inventories (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Raw materials | $4,957 | $4,147 |
Work in progress | 937 | 1,875 |
Finished goods | 1,688 | 1,522 |
Total inventories | $7,582 | $7,544 |
Inventories_Details_1
Inventories (Details 1) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Current | $7,407 | $7,337 |
Non-current | 175 | 207 |
Total inventories | $7,582 | $7,544 |
Other_Current_Assets_Details
Other Current Assets (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Income tax-related assets | $2,331 | $227 |
Refundable value-added tax | 312 | 447 |
Deposits | 214 | 434 |
Other | 197 | 203 |
Total other current assets | $3,054 | $1,311 |
Property_and_Equipment_Details
Property and Equipment (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Land | $1,792 | $1,779 |
Buildings and improvements | 8,897 | 8,662 |
Equipment and furniture | 21,801 | 20,189 |
Vehicles | 475 | 432 |
Property, Plant and Equipment, Gross | 32,965 | 31,062 |
Less accumulated depreciation | -21,969 | -19,872 |
Property and equipment, net | $10,996 | $11,190 |
Property_and_Equipment_Details1
Property and Equipment (Details Textual) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Depreciation | $2,290 | $2,160 |
Intangible_Assets_Details
Intangible Assets (Details) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Intangible assets, Gross Carrying Amount | 1,989 | 1,579 |
Intangible assets, Accumulated Amortization | -1,004 | -1,039 |
Intangible assets, Net Carrying Amount | 985 | 540 |
Patents [Member] | ' | ' |
Intangible assets, Gross Carrying Amount | 517 | 690 |
Intangible assets, Accumulated Amortization | -480 | -633 |
Intangible assets, Net Carrying Amount | 37 | 57 |
Patents [Member] | Minimum [Member] | ' | ' |
Intangible assets, Estimated Useful Life (Years) | '13 years | '13 years |
Patents [Member] | Maximum [Member] | ' | ' |
Intangible assets, Estimated Useful Life (Years) | '14 years | '14 years |
Trademarks [Member] | ' | ' |
Intangible assets, Gross Carrying Amount | 631 | 620 |
Intangible assets, Accumulated Amortization | -240 | -191 |
Intangible assets, Net Carrying Amount | 391 | 429 |
Trademarks [Member] | Minimum [Member] | ' | ' |
Intangible assets, Estimated Useful Life (Years) | '10 years | '10 years |
Trademarks [Member] | Maximum [Member] | ' | ' |
Intangible assets, Estimated Useful Life (Years) | '12 years | '12 years |
Customer List [Member] | ' | ' |
Intangible assets, Gross Carrying Amount | 513 | 0 |
Intangible assets, Accumulated Amortization | -30 | 0 |
Intangible assets, Net Carrying Amount | 483 | 0 |
Intangible assets, Estimated Useful Life (Years) | '10 years | '10 years |
Licensing Agreements [Member] | ' | ' |
Intangible assets, Gross Carrying Amount | 225 | 225 |
Intangible assets, Accumulated Amortization | -225 | -200 |
Intangible assets, Net Carrying Amount | 0 | 25 |
Licensing Agreements [Member] | Minimum [Member] | ' | ' |
Intangible assets, Estimated Useful Life (Years) | '1 year | '1 year |
Licensing Agreements [Member] | Maximum [Member] | ' | ' |
Intangible assets, Estimated Useful Life (Years) | '3 years | '3 years |
Other Intangible Assets [Member] | ' | ' |
Intangible assets, Gross Carrying Amount | 103 | 44 |
Intangible assets, Accumulated Amortization | -29 | -15 |
Intangible assets, Net Carrying Amount | 74 | 29 |
Other Intangible Assets [Member] | Minimum [Member] | ' | ' |
Intangible assets, Estimated Useful Life (Years) | '5 years | '5 years |
Other Intangible Assets [Member] | Maximum [Member] | ' | ' |
Intangible assets, Estimated Useful Life (Years) | '10 years | '10 years |
Intangible_Assets_Details_1
Intangible Assets (Details 1) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
2014 | $123 | ' |
2015 | 123 | ' |
2016 | 117 | ' |
2017 | 114 | ' |
2018 | 114 | ' |
Thereafter | 394 | ' |
Intangible assets, Net Carrying Amount | $985 | $540 |
Intangible_Assets_Details_Text
Intangible Assets (Details Textual) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Amortization of Intangible Assets | $136 | $107 |
Accrued_Liabilities_Details
Accrued Liabilities (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Accrued salaries, wages, and related costs | $879 | $1,104 |
Accrued vacation | 830 | 949 |
Miscellaneous taxes | 488 | 629 |
Accrued bonuses and commissions | 104 | 1,761 |
Other | 617 | 736 |
Total accrued liabilities | $2,918 | $5,179 |
Commitments_and_Contingencies_1
Commitments and Contingencies (Details) (USD $) | Dec. 31, 2013 |
In Thousands, unless otherwise specified | |
2014 | $709 |
2015 | 618 |
2016 | 487 |
2017 | 453 |
2018 | 453 |
Total | $2,720 |
Commitments_and_Contingencies_2
Commitments and Contingencies (Details Textual) (USD $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Operating Lease Expense | $709,000 | $626,000 |
License Agreements Expiration Period | '2015 | ' |
Royalty Expense | 125,000 | ' |
Long-term Purchase Commitment, Installment Amount | 50,000 | ' |
Long-term Purchase Commitment, Amount | 150,000 | ' |
Supplemental Unemployment Benefits, Severance Benefits | $518,300 | ' |
Accumulated_Other_Comprehensiv2
Accumulated Other Comprehensive Income (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | ' |
Foreign currency translation | $1,676 | $1,190 |
Unrealized gain on securities, net of tax | 1 | 1 |
Unrecognized pension transition asset, net of tax | 0 | -4 |
Total accumulated other comprehensive income | $1,677 | $1,187 |
Geographic_and_Product_Line_In2
Geographic and Product Line Information (Details) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Segment Reporting Information [Line Items] | ' | ' |
Revenues | $56,173 | $62,896 |
Revenues, Percentage | 100.00% | 100.00% |
The Americas [Member] | ' | ' |
Segment Reporting Information [Line Items] | ' | ' |
Revenues | 31,096 | 32,891 |
Revenues, Percentage | 55.30% | 52.30% |
Asia Pacific [Member] | ' | ' |
Segment Reporting Information [Line Items] | ' | ' |
Revenues | 21,003 | 25,532 |
Revenues, Percentage | 37.40% | 40.60% |
Europe and Africa [Member] | ' | ' |
Segment Reporting Information [Line Items] | ' | ' |
Revenues | $4,074 | $4,473 |
Revenues, Percentage | 7.30% | 7.10% |
Geographic_and_Product_Line_In3
Geographic and Product Line Information (Details 1) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Segment Reporting Information [Line Items] | ' | ' |
Revenues | $56,173 | $62,896 |
Revenues, Percentage | 100.00% | 100.00% |
Casino Without RFID [Member] | ' | ' |
Segment Reporting Information [Line Items] | ' | ' |
Revenues | 20,327 | 29,860 |
Revenues, Percentage | 36.20% | 47.50% |
Casino With RFID [Member] | ' | ' |
Segment Reporting Information [Line Items] | ' | ' |
Revenues | 12,237 | 11,805 |
Revenues, Percentage | 21.80% | 18.80% |
Total Casino [Member] | ' | ' |
Segment Reporting Information [Line Items] | ' | ' |
Revenues | 32,564 | 41,665 |
Revenues, Percentage | 58.00% | 66.30% |
Playing Cards [Member] | ' | ' |
Segment Reporting Information [Line Items] | ' | ' |
Revenues | 6,526 | 5,551 |
Revenues, Percentage | 11.60% | 8.80% |
Table Layouts [Member] | ' | ' |
Segment Reporting Information [Line Items] | ' | ' |
Revenues | 4,314 | 4,425 |
Revenues, Percentage | 7.70% | 7.00% |
Table Accessories and Other Products [Member] | ' | ' |
Segment Reporting Information [Line Items] | ' | ' |
Revenues | 3,494 | 3,323 |
Revenues, Percentage | 6.20% | 5.30% |
RFID Solutions [Member] | ' | ' |
Segment Reporting Information [Line Items] | ' | ' |
Revenues | 2,566 | 839 |
Revenues, Percentage | 4.60% | 1.30% |
Dice [Member] | ' | ' |
Segment Reporting Information [Line Items] | ' | ' |
Revenues | 2,489 | 2,287 |
Revenues, Percentage | 4.40% | 3.60% |
Gaming Furniture [Member] | ' | ' |
Segment Reporting Information [Line Items] | ' | ' |
Revenues | 2,410 | 2,882 |
Revenues, Percentage | 4.30% | 4.60% |
Shipping [Member] | ' | ' |
Segment Reporting Information [Line Items] | ' | ' |
Revenues | $1,810 | $1,924 |
Revenues, Percentage | 3.20% | 3.10% |
Geographic_and_Product_Line_In4
Geographic and Product Line Information (Details 2) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Segment Reporting Information [Line Items] | ' | ' |
Property and equipment, net | $10,996 | $11,190 |
France [Member] | ' | ' |
Segment Reporting Information [Line Items] | ' | ' |
Property and equipment, net | 4,502 | 4,874 |
Mexico [Member] | ' | ' |
Segment Reporting Information [Line Items] | ' | ' |
Property and equipment, net | 3,360 | 2,935 |
United States [Member] | ' | ' |
Segment Reporting Information [Line Items] | ' | ' |
Property and equipment, net | 2,987 | 3,327 |
Asia [Member] | ' | ' |
Segment Reporting Information [Line Items] | ' | ' |
Property and equipment, net | $147 | $54 |
Geographic_and_Product_Line_In5
Geographic and Product Line Information (Details 3) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Segment Reporting Information [Line Items] | ' | ' |
Intangible assets, net | $985 | $540 |
United States [Member] | ' | ' |
Segment Reporting Information [Line Items] | ' | ' |
Intangible assets, net | 964 | 511 |
France [Member] | ' | ' |
Segment Reporting Information [Line Items] | ' | ' |
Intangible assets, net | $21 | $29 |
Geographic_and_Product_Line_In6
Geographic and Product Line Information (Details Textual) (Customer One [Member]) | 12 Months Ended |
Dec. 31, 2012 | |
Customer One [Member] | ' |
Segment Reporting Information [Line Items] | ' |
Sales Revenue, Goods, Net, Percentage | 14.00% |
Pension_Plans_Details
Pension Plans (Details) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Change in benefit obligation: | ' | ' |
Benefit obligation at beginning of year | $427 | $322 |
Service cost | 32 | 24 |
Interest cost | 14 | 14 |
Actuarial loss (gain) | -19 | 75 |
Benefits paid | 0 | -18 |
Effect of foreign exchange rate changes | 19 | 10 |
Benefit obligation at end of year | 473 | 427 |
Change in plan assets: | ' | ' |
Fair value of plan assets at beginning of year | 431 | 406 |
Actual return on plan assets | 17 | 17 |
Effect of foreign exchange rate changes | 19 | 8 |
Fair value of plan assets at end of year | 467 | 431 |
Funded status and (accrued) prepaid benefit cost | ($6) | $4 |
Pension_Plans_Details_1
Pension Plans (Details 1) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
In Thousands, unless otherwise specified | |||
Fair value of plan assets at end of year | $467 | $431 | $406 |
Worldwide bond fund [Member] | ' | ' | ' |
Fair value of plan assets at end of year | 199 | 194 | ' |
Guaranteed Rate Fund [Member] | ' | ' | ' |
Fair value of plan assets at end of year | 156 | 126 | ' |
European Equity Fund [Member] | ' | ' | ' |
Fair value of plan assets at end of year | $112 | $111 | ' |
Pension_Plans_Details_2
Pension Plans (Details 2) | Dec. 31, 2013 | Dec. 31, 2012 |
Assumptions: | ' | ' |
Discount rate | 3.25% | 3.00% |
Rate of compensation increase | 3.00% | 3.00% |
Pension_Plans_Details_3
Pension Plans (Details 3) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Service-cost benefits earned during the period | $32 | $24 |
Interest expense on benefit obligation | 14 | 14 |
Amortization of unrecognized transition asset | 0 | -17 |
Actual (return) loss on plan assets | -17 | -17 |
Actuarial loss (gain) | -19 | 75 |
Net pension expense | $10 | $79 |
Pension_Plans_Details_Textual
Pension Plans (Details Textual) (USD $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Defined Benefit Plan, Accumulated Benefit Obligation | $322,000 | $286,000 |
Defined Contribution Plan Description | 'We contribute $0.50 for each $1.00 contributed by a participant in the plan up to four percent of the participants wages. | ' |
Defined Contribution Plan, Maximum Annual Contributions Per Employee, Percent | 15.00% | ' |
Defined Contribution Plan, Employer Matching Contribution, Percent of Match | 4.00% | ' |
Defined Contribution Plan, Employer Discretionary Contribution Amount | 54,000 | 61,000 |
From 2014 Through 2018 [Member] | ' | ' |
Defined Benefit Plan Projected Benefit Payments | 11,000 | ' |
From 2019 Through 2023 [Member] | ' | ' |
Defined Benefit Plan Projected Benefit Payments | $157,000 | ' |
Stockholders_Equity_Details_Te
Stockholders' Equity (Details Textual) (USD $) | 12 Months Ended | 20 Months Ended | |||
Dec. 31, 2013 | Dec. 31, 2012 | Aug. 05, 2013 | Nov. 30, 2012 | Dec. 01, 2011 | |
Stock Repurchase Program, Number of Shares Authorized to be Repurchased | ' | ' | ' | ' | 409,951 |
Stock Repurchase Program, Number of Shares Authorized to be Repurchased, Percentage | ' | ' | ' | ' | 5.00% |
Stock Repurchase Program, Number of Shares Available to be Repurchased | ' | ' | ' | 498,512 | ' |
Stock Repurchased Program, Shares Outstanding | 215,590 | ' | ' | ' | ' |
Stock Repurchased During Period, Shares | 129,810 | 141,860 | 282,922 | ' | ' |
Stock Repurchased During Period, Value | $1,012,147 | $983,029 | $2,066,728 | ' | ' |
Stock Repurchased Program, Weighted Average Price Per Share | $7.80 | $6.93 | $7.30 | ' | ' |
Stock_Option_Programs_and_Shar2
Stock Option Programs and Share-based Compensation Expense (Details) (USD $) | 12 Months Ended | |
In Thousands, except Share data, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ' | ' |
Shares, Outstanding, Begining Balance | 331,500 | 309,500 |
Shares, Granted | 27,000 | 22,000 |
Shares, Outstanding, Ending Balance | 358,500 | 331,500 |
Shares, Exercisable | 309,000 | ' |
Weighted-Average Exercise Price, Outstanding, Begining Balance | $7.49 | $7.57 |
Weighted-Average Exercise Price, Granted | $8.10 | $6.45 |
Weighted-Average Exercise Price, Outstanding, Ending Balance | $7.54 | $7.49 |
Weighted-Average Exercise Price, Exercisable | $7.64 | ' |
Weighted- Average Remaining Contractual Term (Years), Outstanding | '5 years 8 months 12 days | ' |
Weighted- Average Remaining Contractual Term (Years), Exercisable | '5 years 6 months | ' |
Aggregate Intrinsic Value, Outstanding | $538 | ' |
Aggregate Intrinsic Value, Exercisable | $476 | ' |
Stock_Option_Programs_and_Shar3
Stock Option Programs and Share-based Compensation Expense (Details 1) (USD $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Option valuation assumptions: | ' | ' |
Dividend yield | 1.20% | 1.00% |
Expected volatility | 49.30% | 55.40% |
Risk-free interest rate | 1.11% | 0.73% |
Expected term of options | '5 years 7 months 6 days | '5 years 7 months 6 days |
Weighted-average fair value of options granted during the period | $3.36 | $2.91 |
Stock_Option_Programs_and_Shar4
Stock Option Programs and Share-based Compensation Expense (Details2) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ' | ' |
Share-based compensation | $208 | $188 |
Estimated tax benefit | -75 | -68 |
Total share-based compensation, net of tax benefit | $133 | $120 |
Stock_Option_Programs_and_Shar5
Stock Option Programs and Share-based Compensation Expense (Details Textual) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2008 | |
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ' | ' | ' |
Share Based Compensation Arrangement by Share Based Payment Award Options Granted for Award | 6,000 | ' | ' |
Share Based Compensation Arrangement By Share Based Payment Award Shares Annual Grant Purchased Forward | 2,000 | ' | ' |
Share Based Compensation Arrangement By Share Based Payment Award Additional Shares Purchased Forward | 1,500 | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant | ' | ' | 450,000 |
Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Increased For Discretionary Stock Options | ' | ' | 100,000 |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross | 27,000 | 22,000 | ' |
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Stock Options | $38,000 | ' | ' |
Gronau Agreement [Member] | ' | ' | ' |
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross | 150,000 | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Terms of Award | '10 Years | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | '5 years | ' | ' |
Share Based Compensation Arrangement By Share Based Payment Award Vested Year One | 20,000 | ' | ' |
Share Based Compensation Arrangement By Share Based Payment Award Vested Year Two | 30,000 | ' | ' |
Share Based Compensation Arrangement By Share Based Payment Award Vested Year Three | 30,000 | ' | ' |
Share Based Compensation Arrangement By Share Based Payment Award Vested Year Four | 30,000 | ' | ' |
Share Based Compensation Arrangement By Share Based Payment Award Vested Year Five | 40,000 | ' | ' |
Other_Income_and_Expense_Detai
Other Income and Expense (Details) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Other Income and Expense [Line Items] | ' | ' |
Interest income | $223 | $382 |
Interest expense | -9 | -8 |
(Loss) on foreign currency transactions | -224 | -91 |
Other income, net | 14 | 7 |
Total other income and (expense) | $4 | $290 |
Income_Taxes_Details
Income Taxes (Details) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Current: | ' | ' |
US Federal | ($8) | $677 |
US State | 40 | 60 |
Foreign | -643 | 2,029 |
Total Current | -611 | 2,766 |
Deferred: | ' | ' |
US Federal | -257 | -48 |
US State | -47 | 48 |
Foreign | 372 | -1,391 |
Total Deferred | 68 | -1,391 |
Income tax provision | ($543) | $1,375 |
Income_Taxes_Details_1
Income Taxes (Details 1) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Income Taxes [Line Items] | ' | ' |
Foreign | $1,002 | $4,397 |
United States | -379 | 3,053 |
Income before income taxes | $623 | $7,450 |
Income_Taxes_Details_2
Income Taxes (Details 2) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Income Taxes [Line Items] | ' | ' |
Computed expected income tax expense | 34.00% | 34.00% |
State income taxes, net of federal benefits | 3.90% | 1.20% |
Subpart F income adjustment | 29.20% | 1.70% |
Foreign rate differential (excl. Research Credit) | -67.70% | -8.70% |
Change in valuation allowance | -27.40% | -8.30% |
French Research Credit | -62.40% | -3.10% |
True-ups | -3.10% | 0.40% |
Other, net | 6.30% | 1.30% |
Income tax expense | -87.20% | 18.50% |
Income_Taxes_Details_3
Income Taxes (Details 3) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Deferred tax assets: | ' | ' |
Tax credits | $3,887 | $7,109 |
Fixed assets | 748 | 608 |
Stock compensation | 565 | 479 |
French deferred assets | 188 | 460 |
Bad debt reserves and inventory | 321 | 316 |
Intangibles | 36 | 84 |
Operating loss carryforwards | 655 | 28 |
Other | 20 | 41 |
Total gross deferred tax assets | 6,420 | 9,125 |
Less: valuation allowance | -2,149 | -2,360 |
Total net deferred tax assets | 4,271 | 6,765 |
Deferred tax liabilities: | ' | ' |
Excess book basis in shares of GPI SAS | 1,249 | 4,394 |
French deferred liabilities | 621 | 638 |
Total deferred tax liabilities | 1,870 | 5,032 |
Deferred tax assets, net | $2,401 | $1,733 |
Income_Taxes_Details_Textual
Income Taxes (Details Textual) (USD $) | 12 Months Ended |
In Millions, unless otherwise specified | Dec. 31, 2013 |
Income Taxes [Line Items] | ' |
Income Tax Reconciliation, Repatriation of Foreign Earnings | $4.30 |
Income Tax Reconciliation, Tax Credits, Foreign | 3.9 |
Foreign Tax Credit Expiration Period | '10 years |
Operating Loss Carryforwards | 0.3 |
Operating Loss Carryforwards, Expiration Dates | 'which will expire from 2014 through 2031 |
Tax Credit Carryforward, Valuation Allowance | 2.1 |
Gaming Partners International SAS [Member] | ' |
Income Taxes [Line Items] | ' |
Investment Income, Dividend | 5.1 |
Income Tax Reconciliation, Tax Credits, Foreign | 1.3 |
Expire Year 2015 [Member] | ' |
Income Taxes [Line Items] | ' |
Income Tax Reconciliation, Tax Credits, Foreign | 0.1 |
Expire Year 2016 [Member] | ' |
Income Taxes [Line Items] | ' |
Income Tax Reconciliation, Tax Credits, Foreign | 1.3 |
Expire Year 2017 [Member] | ' |
Income Taxes [Line Items] | ' |
Income Tax Reconciliation, Tax Credits, Foreign | $1.30 |
Earnings_per_Share_EPS_Details
Earnings per Share (EPS) (Details) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Impairment Effects on Earnings Per Share [Line Items] | ' | ' |
Weighted-average number of common shares outstanding - basic | 7,942 | 8,122 |
Potential dilution from equity grants | 87 | 27 |
Weighted-average number of common shares outstanding - diluted | 8,029 | 8,149 |
Earnings_per_Share_EPS_Details1
Earnings per Share (EPS) (Details Textual) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Impairment Effects on Earnings Per Share [Line Items] | ' | ' |
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 39,000 | 124,000 |
Relatedparty_Transactions_Deta
Related-party Transactions (Details Textual) (USD $) | 12 Months Ended |
Dec. 31, 2013 | |
Squarfoot | |
Related Party Transaction [Line Items] | ' |
Area Of Lease Property | 90,000 |
Monthly Rental Per Square Feet | $0.35 |
Lease Property Monthly Lease | $31,500 |
Subsequent_Event_Details_Textu
Subsequent Event (Details Textual) (Subsequent Event [Member], USD $) | Dec. 31, 2013 |
In Millions, unless otherwise specified | |
Subsequent Event [Member] | ' |
Subsequent Event [Line Items] | ' |
Business Combination, Assets Arising from Contingencies, Amount Recognized | $22.50 |
Escrow Deposit | $1 |