Document_And_Entity_Informatio
Document And Entity Information | 6 Months Ended | |
Jun. 30, 2014 | Aug. 04, 2014 | |
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-Q | ' |
Amendment Flag | 'false | ' |
Document Period End Date | 30-Jun-14 | ' |
Document Fiscal Period Focus | 'Q2 | ' |
Document Fiscal Year Focus | '2014 | ' |
CONDENSED_CONSOLIDATED_BALANCE
CONDENSED CONSOLIDATED BALANCE SHEETS (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Current Assets: | ' | ' |
Cash and cash equivalents | $15,517 | $14,492 |
Marketable securities | 4,989 | 5,724 |
Accounts receivable, net | 4,195 | 5,905 |
Inventories | 8,110 | 7,407 |
Prepaid expenses | 838 | 965 |
Deferred income tax asset | 630 | 628 |
Restricted Cash | 10,000 | 0 |
Other current assets | 2,438 | 3,054 |
Total current assets | 46,717 | 38,175 |
Property and equipment, net | 10,139 | 10,996 |
Intangibles, net | 923 | 985 |
Deferred income tax asset | 3,264 | 3,643 |
Inventories, non-current | 509 | 175 |
Other assets | 2,349 | 1,475 |
Total assets | 63,901 | 55,449 |
Current Liabilities: | ' | ' |
Demand line of credit | 10,000 | 0 |
Accounts payable | 2,402 | 2,291 |
Accrued liabilities | 2,925 | 2,918 |
Customer deposits and deferred revenue | 1,395 | 646 |
Income taxes payable | 195 | 251 |
Total current liabilities | 16,917 | 6,106 |
Deferred income tax liability | 1,865 | 1,870 |
Total liabilities | 18,782 | 7,976 |
Commitments and contingencies - see Note 9 | ' | ' |
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 | 82 | 82 |
Additional paid-in capital | 19,853 | 19,771 |
Treasury stock at cost: 290,983 shares | -2,262 | -2,262 |
Retained earnings | 25,920 | 28,205 |
Accumulated other comprehensive income | 1,526 | 1,677 |
Total stockholders' equity | 45,119 | 47,473 |
Total liabilities and stockholders' equity | $63,901 | $55,449 |
CONDENSED_CONSOLIDATED_BALANCE1
CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
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 | 7,916,094 |
Treasury stock, shares | 290,983 | 290,983 |
CONDENSED_CONSOLIDATED_STATEME
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, except Per Share data, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Revenues | $10,216 | $14,146 | $20,775 | $28,914 |
Cost of revenues | 7,463 | 9,761 | 15,263 | 20,249 |
Gross profit | 2,753 | 4,385 | 5,512 | 8,665 |
Marketing and sales | 1,343 | 1,505 | 2,646 | 3,010 |
General and administrative | 2,043 | 2,382 | 4,111 | 4,481 |
Research and development | 417 | 494 | 854 | 1,027 |
Operating (loss) income | -1,050 | 4 | -2,099 | 147 |
Other income and (expense), net | 49 | -40 | 106 | 38 |
(Loss) income before income taxes | -1,001 | -36 | -1,993 | 185 |
Income tax provision (benefit) | 154 | 18 | 292 | -293 |
Net (loss) income | ($1,155) | ($54) | ($2,285) | $478 |
Earnings per share: | ' | ' | ' | ' |
Basic (in dollars per share) | ($0.15) | ($0.01) | ($0.29) | $0.06 |
Diluted (in dollars per share) | ($0.15) | ($0.01) | ($0.29) | $0.06 |
Weighted-average shares of common stock outstanding: | ' | ' | ' | ' |
Basic (in shares) | 7,916 | 7,949 | 7,916 | 8,038 |
Diluted (in shares) | 7,916 | 7,949 | 7,916 | 8,116 |
CONDENSED_CONSOLIDATED_STATEME1
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS (USD $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Net (loss) income | ($1,155) | ($54) | ($2,285) | $478 |
Other comprehensive income: | ' | ' | ' | ' |
Unrealized gain on securities, net of tax | 0 | -1 | 0 | -1 |
Amortization of pension transition asset, net of tax | 0 | 4 | 0 | 4 |
Foreign currency translation adjustment | -131 | 214 | -151 | -445 |
Other comprehensive (loss) income, net of tax | -131 | 217 | -151 | -442 |
Total comprehensive (loss) income | ($1,286) | $163 | ($2,436) | $36 |
CONDENSED_CONSOLIDATED_STATEME2
CONDENSED 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 [Member] |
In Thousands, except Share data | ||||||
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 (loss) | 478 | 0 | 0 | 0 | 478 | 0 |
Repurchases of common stock | -885 | 0 | 0 | -885 | 0 | 0 |
Repurchases of common stock (in shares) | ' | -113,941 | ' | ' | ' | ' |
Unrealized gain on securities, net of tax | -1 | 0 | 0 | 0 | 0 | -1 |
Stock compensation expense | 110 | 0 | 110 | 0 | 0 | 0 |
Amortization of pension transition asset, net of tax | 4 | 0 | 0 | 0 | 0 | 4 |
Foreign currency translation adjustment | -445 | 0 | 0 | 0 | 0 | -445 |
Balance at Jun. 30, 2013 | 45,882 | 82 | 19,673 | -2,135 | 27,517 | 745 |
Balance (in shares) at Jun. 30, 2013 | ' | 7,931,963 | ' | ' | ' | ' |
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 | ' | ' | ' | ' |
Net income (loss) | -2,285 | 0 | 0 | 0 | -2,285 | 0 |
Unrealized gain on securities, net of tax | 0 | ' | ' | ' | ' | ' |
Stock compensation expense | 82 | 0 | 82 | 0 | 0 | 0 |
Amortization of pension transition asset, net of tax | 0 | ' | ' | ' | ' | ' |
Foreign currency translation adjustment | -151 | 0 | 0 | 0 | 0 | -151 |
Balance at Jun. 30, 2014 | $45,119 | $82 | $19,853 | ($2,262) | $25,920 | $1,526 |
Balance (in shares) at Jun. 30, 2014 | ' | 7,916,094 | ' | ' | ' | ' |
CONDENSED_CONSOLIDATED_STATEME3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $) | 6 Months Ended | |
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 |
Cash Flows from Operating Activities | ' | ' |
Net (loss) income | ($2,285) | $478 |
Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities: | ' | ' |
Depreciation | 1,110 | 1,130 |
Amortization of intangible assets | 61 | 63 |
Provision (benefit) for bad debt | 55 | -19 |
Deferred income taxes | 371 | -878 |
Stock compensation expense | 82 | 110 |
Loss on sale of property and equipment | 24 | 0 |
(Gain) on sale of marketable securities | -2 | -10 |
Change in operating assets and liabilities: | ' | ' |
Accounts receivable | 1,649 | -277 |
Inventories | -1,062 | 49 |
Prepaid expenses and other current assets | 1,717 | -1,027 |
Non-current other assets | -872 | 89 |
Accounts payable | 26 | -83 |
Customer deposits and deferred revenue | 750 | -1,921 |
Accrued liabilities | 21 | -1,921 |
Income taxes payable | -55 | -152 |
Net cash provided by (used in) operating activities | 1,590 | -4,369 |
Cash Flows from Investing Activities | ' | ' |
Purchases of marketable securities | -7,881 | 0 |
Proceeds from sale of marketable securities | 8,565 | 7,879 |
Initial deposit on business acquisition | -1,000 | 0 |
Change in restricted cash | -10,000 | 0 |
Purchase of business assets | 0 | -775 |
Capital expenditures | -241 | -1,197 |
Proceeds from sale of property and equipment | 14 | 0 |
Net cash (used in) provided by investing activities | -10,543 | 5,907 |
Cash Flows from Financing Activities | ' | ' |
Proceeds from demand line of credit | 10,000 | 0 |
Repurchases of common stock | 0 | -885 |
Net cash provided by (used in) financing activities | 10,000 | -885 |
Effect of exchange rate changes on cash | -22 | -217 |
Net increase in cash and cash equivalents | 1,025 | 436 |
Cash and cash equivalents, beginning of period | 14,492 | 14,038 |
Cash and cash equivalents, end of period | 15,517 | 14,474 |
Supplemental disclosure of cash flow information: | ' | ' |
Cash (received) paid for income taxes, net of refunds | -934 | 1,483 |
Supplemental disclosure of non-cash investing and financing activities | ' | ' |
Property and equipment acquired through accounts payable | $91 | $25 |
Nature_of_Business_and_Signifi
Nature of Business and Significant Accounting Policies | 6 Months Ended | ||
Jun. 30, 2014 | |||
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 GPI Mexicana, our maquiladora manufacturing operation in Mexico), Gaming Partners International SAS (GPI SAS), and Gaming Partners International Asia Limited (GPI Asia). On July 1, 2014, we acquired substantially all of the net gaming assets of GemGroup Inc. and its subsidiaries (GemGroup) (see Note 14 – Subsequent Events). 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, since July 1, 2014, at our facility in Blue Springs, Missouri. The remainder is 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 casino currency, manufactured in France or in Mexico, as well as radio frequency identification device (RFID) product solutions. Since July 1, 2014, GPI Asia also sells layouts manufactured in Macau. | ||
GPIC was formed in 2002 through a combination between Paul-Son Gaming Corporation and Bourgogne et Grasset S.A. initiated by the late Francois Carrette, whose firm, Holding Wilson, S.A., remains GPIC’s controlling stockholder. We have established brand names such as Paulson®, Bourgogne et Grasset® (BG®), Blue Chip (BC®), and Bud Jones®. On July 1, 2014, GPIC started manufacturing and selling playing cards and table layouts under the recently acquired Gemaco® brand name (see Note 14 – Subsequent Events). 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. | |||
Our business activities include the manufacture and supply of 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. | |||
Significant Accounting Policies | |||
Basis of Consolidation and Presentation. The condensed consolidated financial statements include the accounts of GPIC and its wholly-owned subsidiaries GPI SAS, GPI USA, GPI Mexicana, and GPI Asia. All material intercompany balances and transactions have been eliminated in consolidation. The condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (US GAAP) for interim financial information and do not include all of the information and notes required by generally accepted accounting principles for complete financial statements. These statements should be read in conjunction with our annual audited consolidated financial statements and related notes included in our Form 10-K for the year ended December 31, 2013. | |||
These unaudited condensed consolidated financial statements, in the opinion of management, reflect only normal and recurring adjustments necessary for a fair presentation of results for such periods. The results of operations for an interim period are not necessarily indicative of the results for the full year. | |||
Subsequent Events. We evaluated subsequent events through August 12, 2014, the date this Quarterly Report on Form 10-Q was filed with the Securities and Exchange Commission (SEC). | |||
Recently Issued Accounting Standards. | |||
In May 2014, the FASB issued ASU 2014-09, Revenues from Contracts with Customers (Topic 606). This guidance applies to any entity that either enters into contracts with customers to transfer goods or services or enters into contracts for the transfer of nonfinancial assets unless those contracts are within the scope of other standards. The core principle of this guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. This guidance supersedes existing revenue recognition guidance, including most industry-specific guidance, as well as certain related guidance on accounting for contract costs. For public entities, this guidance is effective for annual reporting periods beginning after December 15, 2016. Early application is not permitted. The Company is currently evaluating the impact of this ASU on its financial statements. | |||
Acquisition
Acquisition | 6 Months Ended |
Jun. 30, 2014 | |
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 chips. 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. As the acquisition was not material, 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 material business combinations. | |
Cash_Cash_Equivalents_and_Mark
Cash, Cash Equivalents, and Marketable Securities | 6 Months Ended | |||||||||||||||||||
Jun. 30, 2014 | ||||||||||||||||||||
Cash and Cash Equivalents [Abstract] | ' | |||||||||||||||||||
Cash, Cash Equivalents, and Marketable Securities [Text Block] | ' | |||||||||||||||||||
Note 3. Cash, Cash Equivalents, and Marketable Securities | ||||||||||||||||||||
We hold our cash, cash equivalents, and marketable securities in financial institutions in various countries throughout the world. Substantially all accounts have balances in excess of government-insured limits. The following summarizes the geographic location of our holdings (in thousands): | ||||||||||||||||||||
June 30, 2014 | December 31, 2013 | |||||||||||||||||||
Cash and Cash Equivalents | Marketable Securities | Total | Cash and Cash Equivalents | Marketable Securities | Total | |||||||||||||||
United States | $ | 12,281 | $ | - | $ | 12,281 | $ | 11,052 | $ | - | $ | 11,052 | ||||||||
France | 1,504 | 4,989 | 6,493 | 344 | 5,724 | 6,068 | ||||||||||||||
Macau S.A.R., China | 1,731 | - | 1,731 | 3,096 | - | 3,096 | ||||||||||||||
Total | $ | 15,517 | $ | 4,989 | $ | 20,506 | $ | 14,492 | $ | 5,724 | $ | 20,216 | ||||||||
Available-for-sale marketable securities consist of investments in securities such as certificates of deposit offered by French banks and bond mutual funds (in thousands): | ||||||||||||||||||||
June 30, 2014 | December 31, 2013 | |||||||||||||||||||
Cost | Unrealized Gain/(Loss) | Fair Value | Cost | Unrealized Gain/(Loss) | Fair Value | |||||||||||||||
Certificates of deposit | $ | 1,364 | $ | - | $ | 1,364 | $ | 4,680 | $ | - | $ | 4,680 | ||||||||
Bond mutual funds | 3,625 | - | 3,625 | 1,044 | - | 1,044 | ||||||||||||||
Total marketable securities | $ | 4,989 | $ | - | $ | 4,989 | $ | 5,724 | $ | - | $ | 5,724 | ||||||||
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. We have determined that all of our 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 | 6 Months Ended | ||||||||||||||||
Jun. 30, 2014 | |||||||||||||||||
Valuation and Qualifying Accounts [Abstract] | ' | ||||||||||||||||
Schedule of Valuation and Qualifying Accounts Disclosure [Text Block] | ' | ||||||||||||||||
Note 4. Accounts Receivable and Allowance for Doubtful Accounts | |||||||||||||||||
At June 30, 2014, no casino customer accounted for more than 10% of our accounts receivable balance. At December 31, 2013, we had one casino customer that accounted for 10% of our accounts receivable balance. | |||||||||||||||||
The allowance for doubtful accounts consists of the following (in thousands): | |||||||||||||||||
Balance at Beginning | Provision | Write-offs, Net | Exchange | Balance at | |||||||||||||
of Year | (Benefit) | of Recoveries | Rate Effect | End of Period | |||||||||||||
30-Jun-14 | $ | 114 | $ | 55 | $ | - | $ | - | $ | 169 | |||||||
31-Dec-13 | $ | 152 | $ | -39 | $ | - | $ | 1 | $ | 114 | |||||||
Inventories
Inventories | 6 Months Ended | |||||||
Jun. 30, 2014 | ||||||||
Inventory Disclosure [Abstract] | ' | |||||||
Inventory Disclosure [Text Block] | ' | |||||||
Note 5. Inventories | ||||||||
Inventories consist of the following (in thousands): | ||||||||
June 30, 2014 | December 31, 2013 | |||||||
Raw materials | $ | 4,479 | $ | 4,957 | ||||
Work in progress | 1,923 | 937 | ||||||
Finished goods | 2,217 | 1,688 | ||||||
Total inventories | $ | 8,619 | $ | 7,582 | ||||
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 condensed consolidated balance sheets is as follows (in thousands): | ||||||||
June 30, 2014 | December 31, 2013 | |||||||
Current | $ | 8,110 | $ | 7,407 | ||||
Non-current | 509 | 175 | ||||||
Total inventories | $ | 8,619 | $ | 7,582 | ||||
Property_and_Equipment
Property and Equipment | 6 Months Ended | |||||||
Jun. 30, 2014 | ||||||||
Property, Plant and Equipment [Abstract] | ' | |||||||
Property, Plant and Equipment Disclosure [Text Block] | ' | |||||||
Note 6. Property and Equipment | ||||||||
Property and equipment consists of the following (in thousands): | ||||||||
June 30, 2014 | December 31, 2013 | |||||||
Land | $ | 1,789 | $ | 1,792 | ||||
Buildings and improvements | 8,856 | 8,897 | ||||||
Equipment and furniture | 21,955 | 21,801 | ||||||
Vehicles | 431 | 475 | ||||||
33,031 | 32,965 | |||||||
Less accumulated depreciation | -22,892 | -21,969 | ||||||
Property and equipment, net | $ | 10,139 | $ | 10,996 | ||||
Depreciation expense for the three months ended June 30, 2014 and 2013 was $545,000 and $579,000, respectively. Depreciation expense for the six months ended June 30, 2014 and 2013 was $1,110,000 and $1,130,000 respectively. | ||||||||
Intangible_Assets
Intangible Assets | 6 Months Ended | |||||||||||||||||||||
Jun. 30, 2014 | ||||||||||||||||||||||
Goodwill and Intangible Assets Disclosure [Abstract] | ' | |||||||||||||||||||||
Intangible Assets Disclosure [Text Block] | ' | |||||||||||||||||||||
Note 7. Intangible Assets | ||||||||||||||||||||||
Intangible assets consist of the following (in thousands): | ||||||||||||||||||||||
June 30, 2014 | December 31, 2013 | |||||||||||||||||||||
Gross Carrying Amount | Accum. Amort. | Net Carrying Amount | Gross Carrying Amount | Accum. Amort. | Net Carrying Amount | Estimated Useful Life (Years) | ||||||||||||||||
Trademarks | $ | 631 | $ | -265 | $ | 366 | $ | 631 | $ | -240 | $ | 391 | 12-Oct | |||||||||
Patents | 517 | -483 | 34 | 517 | -480 | 37 | 13-14 | |||||||||||||||
Customer list | 513 | -56 | 457 | 513 | -30 | 483 | 10 | |||||||||||||||
Other intangible assets | 102 | -36 | 66 | 103 | -29 | 74 | 10-May | |||||||||||||||
Total intangible assets | $ | 1,763 | $ | -840 | $ | 923 | $ | 1,764 | $ | -779 | $ | 985 | ||||||||||
In May 2013, we acquired certain intangible assets from Blue Chip, including a customer list, trade secret formulas, and a trademark (see Note 2 - Acquisition). | ||||||||||||||||||||||
Amortization expense for intangible assets for the three months ended June 30, 2014 and 2013 was $30,000 and $36,000, respectively. Amortization expense for intangible assets for the six months ended June 30, 2014 and 2013 was $61,000 and $63,000, respectively. | ||||||||||||||||||||||
Restricted_Cash_and_Debt
Restricted Cash and Debt | 6 Months Ended |
Jun. 30, 2014 | |
Restricted Cash and Debt [Abstract] | ' |
Restricted Cash and Debt [Text Block] | ' |
Note 8. Restricted Cash and Debt | |
On June 26, 2014, GPI USA and HSBC Bank USA entered into a demand line of credit agreement with a limit of $10.0 million. Interest on the line of credit is LIBOR plus 2.25%. GPI USA borrowed $10.0 million under the line of credit to finance the acquisition of GemGroup (see Note 14 – Subsequent Events). The $10.0 million is shown on our condensed consolidated balance sheet as current restricted cash. The $10.0 million was subsequently used to finance the acquisition of GemGroup. The line of credit is secured by a lien on all of the assets of GPI USA. The line of credit is guaranteed by GPIC and is subject to renewal by HSBC Bank USA in its sole discretion on June 30th of each year. | |
Commitments_and_Contingencies
Commitments and Contingencies | 6 Months Ended |
Jun. 30, 2014 | |
Commitments and Contingencies Disclosure [Abstract] | ' |
Commitments and Contingencies Disclosure [Text Block] | ' |
Note 9. Commitments and Contingencies | |
Legal Proceedings and Contingencies | |
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. Liabilities for material claims against us are accrued when a loss is considered probable and can be reasonably estimated. Legal costs associated with claims are expensed as incurred. | |
On March 21, 2014, Walker Digital Table Systems (WDTS) and PJM Gaming (PJM) 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 filed suit against the Company in U.S. District Court for patent infringement of four patents licensed to IGT by the agreement. On July 8, 2014, the dispute was resolved and the suit against the Company was dismissed, with prejudice. The Company, WDTS and PJM, and IGT each entered into separate license agreements with the other two parties. Under our agreement with IGT, we acquired the two patents pursuant to which we had an exclusive license from IGT to manufacture and distribute RFID casino currency, readers and systems in the United States. | |
Commitments | |
On March 13, 2014, we entered into a binding letter of intent to acquire substantially all of the net gaming assets of GemGroup for $22.5 million. In accordance with the letter of intent, we deposited $1.0 million with an escrow agent. The purchase price was subsequently adjusted to $19.75 million pursuant to an amended binding letter of intent dated May 20, 2014. On July 1, 2014, we completed the acquisition of GemGroup for $19.75 million, subject to certain post-closing working capital adjustments. We financed the acquisition using a combination of cash and bank financing (see Note 14 – Subsequent Events). | |
As of June 30, 2014, we had 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. The patents expire in 2015 and cumulative minimum payments for these rights were $125,000. On July 8, 2014, we acquired the two patents for $25,000. These patents allow us to market, sell, manufacture and distribute RFID casino currency, readers and systems in the US. | |
Accumulated_Other_Comprehensiv
Accumulated Other Comprehensive Income | 6 Months Ended | ||||||||||
Jun. 30, 2014 | |||||||||||
Equity [Abstract] | ' | ||||||||||
Comprehensive Income (Loss) Note [Text Block] | ' | ||||||||||
Note 10. Accumulated Other Comprehensive Income | |||||||||||
Changes in accumulated other comprehensive income for the three months ended June 30, 2014, were as follows (in thousands): | |||||||||||
Foreign Currency Translation | Unrealized Gains | Total | |||||||||
on Securities | |||||||||||
Balance at March 31, 2014 | $ | 1,656 | $ | 1 | $ | 1,657 | |||||
Other comprehensive income | -131 | - | -131 | ||||||||
Balance at June 30, 2014 | $ | 1,525 | $ | 1 | $ | 1,526 | |||||
Changes in accumulated other comprehensive income for the six months ended June 30, 2014, were as follows (in thousands): | |||||||||||
Foreign Currency Translation | Unrealized Gains | Total | |||||||||
on Securities | |||||||||||
Balance at January 1, 2014 | $ | 1,676 | $ | 1 | $ | 1,677 | |||||
Other comprehensive loss | -151 | - | -151 | ||||||||
Balance at June 30, 2014 | $ | 1,525 | $ | 1 | $ | 1,526 | |||||
Geographic_and_Product_Line_In
Geographic and Product Line Information | 6 Months Ended | |||||||||||
Jun. 30, 2014 | ||||||||||||
Segment Reporting [Abstract] | ' | |||||||||||
Segment Reporting Disclosure [Text Block] | ' | |||||||||||
Note 11. 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 and assesses overall corporate profitability in making decisions about corporate resource allocation. 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” or “product line” managers who report to our CEO. | ||||||||||||
The following tables present our net sales by geographic area (in thousands): | ||||||||||||
Three Months Ended | ||||||||||||
June 30, | ||||||||||||
2014 | 2013 | |||||||||||
Revenues: | ||||||||||||
The Americas | $ | 6,960 | 68.1 | % | $ | 8,475 | 60 | % | ||||
Asia Pacific | 2,685 | 26.3 | % | 4,886 | 34.5 | % | ||||||
Europe and Africa | 571 | 5.6 | % | 785 | 5.5 | % | ||||||
Total | $ | 10,216 | 100 | % | $ | 14,146 | 100 | % | ||||
Six Months Ended | ||||||||||||
June 30, | ||||||||||||
2014 | 2013 | |||||||||||
Revenues: | ||||||||||||
The Americas | $ | 12,230 | 58.8 | % | $ | 15,749 | 54.5 | % | ||||
Asia Pacific | 7,490 | 36.1 | % | 11,705 | 40.5 | % | ||||||
Europe and Africa | 1,055 | 5.1 | % | 1,460 | 5 | % | ||||||
Total | $ | 20,775 | 100 | % | $ | 28,914 | 100 | % | ||||
The following tables present our net sales by product line (in thousands): | ||||||||||||
Three Months Ended | ||||||||||||
June 30, | ||||||||||||
2014 | 2013 | |||||||||||
Casino currency without RFID | $ | 3,987 | 39.1 | % | $ | 4,319 | 30.5 | % | ||||
Casino currency with RFID | 781 | 7.6 | % | 4,000 | 28.3 | % | ||||||
Total casino currency | 4,768 | 46.7 | % | 8,319 | 58.8 | % | ||||||
Playing cards | 1,649 | 16.2 | % | 1,576 | 11.1 | % | ||||||
Table layouts | 1,005 | 9.8 | % | 1,174 | 8.3 | % | ||||||
Table accessories and other products | 988 | 9.7 | % | 916 | 6.4 | % | ||||||
Dice | 655 | 6.4 | % | 618 | 4.4 | % | ||||||
Gaming furniture | 577 | 5.6 | % | 673 | 4.8 | % | ||||||
RFID solutions | 130 | 1.3 | % | 407 | 2.9 | % | ||||||
Shipping | 444 | 4.3 | % | 463 | 3.3 | % | ||||||
Total | $ | 10,216 | 100 | % | $ | 14,146 | 100 | % | ||||
Six Months Ended | ||||||||||||
June 30, | ||||||||||||
2014 | 2013 | |||||||||||
Casino currency without RFID | $ | 6,264 | 30.2 | % | $ | 9,396 | 32.5 | % | ||||
Casino currency with RFID | 4,661 | 22.4 | % | 8,349 | 28.9 | % | ||||||
Total casino currency | 10,925 | 52.6 | % | 17,745 | 61.4 | % | ||||||
Playing cards | 3,187 | 15.3 | % | 3,023 | 10.5 | % | ||||||
Table layouts | 1,861 | 9 | % | 2,210 | 7.6 | % | ||||||
Table accessories and other products | 1,639 | 7.9 | % | 1,716 | 5.9 | % | ||||||
Dice | 1,165 | 5.6 | % | 1,236 | 4.3 | % | ||||||
Gaming furniture | 833 | 4 | % | 1,211 | 4.2 | % | ||||||
RFID solutions | 376 | 1.8 | % | 904 | 3.1 | % | ||||||
Shipping | 789 | 3.8 | % | 869 | 3 | % | ||||||
Total | $ | 20,775 | 100 | % | $ | 28,914 | 100 | % | ||||
For the six months ended June 30, 2014, one casino customer accounted for 12% of revenues and in the six months ended June 30, 2013, two casino customers accounted for 14% and 12% of total revenues. | ||||||||||||
The following table presents our property and equipment by geographic area (in thousands): | ||||||||||||
June 30, 2014 | December 31, 2013 | |||||||||||
Property and equipment, net: | ||||||||||||
France | $ | 4,134 | $ | 4,502 | ||||||||
Mexico | 3,032 | 3,360 | ||||||||||
United States | 2,843 | 2,987 | ||||||||||
Asia | 130 | 147 | ||||||||||
Total | $ | 10,139 | $ | 10,996 | ||||||||
The following table presents our intangible assets by geographic area (in thousands): | ||||||||||||
June 30, 2014 | December 31, 2013 | |||||||||||
Intangible assets, net: | ||||||||||||
United States | $ | 907 | $ | 964 | ||||||||
France | 16 | 21 | ||||||||||
Total | $ | 923 | $ | 985 | ||||||||
Stockholders_Equity
Stockholders' Equity | 6 Months Ended |
Jun. 30, 2014 | |
Stockholders' Equity Note [Abstract] | ' |
Stockholders' Equity Note Disclosure [Text Block] | ' |
Note 12. Stockholders’ Equity | |
On December 1, 2011, our 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 June 30, 2014, we 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 June 30, 2014, 215,590 shares remain authorized for repurchase. | |
During the quarter ended June 30, 2014, no shares were repurchased. During the quarter ended June 30, 2013, we repurchased 20,201 shares of our common stock under this program at a cost of $162,696, or a weighted-average price of $8.05 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 Plan, the Board of Directors imposed a minimum six month time period from the effective date of termination of the Plan before the Company could make any additional repurchases under the repurchase program. | |
Earnings_per_Share_EPS
Earnings per Share (EPS) | 6 Months Ended | |||||||||
Jun. 30, 2014 | ||||||||||
Earnings Per Share [Abstract] | ' | |||||||||
Earnings Per Share [Text Block] | ' | |||||||||
Note 13. Earnings per Share (EPS) | ||||||||||
Shares used to compute basic and diluted earnings per share from operations are as follows: | ||||||||||
Three Months Ended | Six Months Ended | |||||||||
June 30, | June 30, | |||||||||
2014 | 2013 | 2014 | 2013 | |||||||
Weighted-average number of common shares outstanding - basic | 7,916 | 7,949 | 7,916 | 8,038 | ||||||
Potential dilution from equity grants | - | - | - | 78 | ||||||
Weighted-average number of common shares outstanding - diluted | 7,916 | 7,949 | 7,916 | 8,116 | ||||||
As of June 30, 2014 and 2013, there were, respectively, up to 96,114 and 81,488 shares potentially issuable under option agreements that could potentially dilute quarterly basic earnings per share in the future. As of June 30, 2014 and 2013, there were, respectively, up to 99,602 and 77,934 shares potentially issuable under option agreements that could potentially dilute yearly basic earnings per share in the future. | ||||||||||
For the three and six months ended June 30, 2014, and for the three months ended June 30, 2013, these shares were excluded from the calculation of diluted earnings per share because their inclusion would have been anti-dilutive to the Company’s loss. | ||||||||||
Subsequent_Events
Subsequent Events | 6 Months Ended |
Jun. 30, 2014 | |
Subsequent Events [Abstract] | ' |
Subsequent Events [Text Block] | ' |
Note 14. Subsequent Events | |
On July 1, 2014, we purchased substantially all of the net gaming assets of GemGroup, a manufacturer of casino currency, cards and table layouts primarily sold under the Gemaco® brand, for $19.75 million subject to certain post-closing working capital adjustments. $2 million of the purchase price was placed in escrow to guarantee GemGroup's indemnification obligations. We borrowed $10.0 million under a demand line of credit with HSBC Bank USA to partially fund the purchase. | |
Nature_of_Business_and_Signifi1
Nature of Business and Significant Accounting Policies (Policies) | 6 Months Ended |
Jun. 30, 2014 | |
Accounting Policies [Abstract] | ' |
Consolidation, Policy [Policy Text Block] | ' |
Basis of Consolidation and Presentation. The condensed consolidated financial statements include the accounts of GPIC and its wholly-owned subsidiaries GPI SAS, GPI USA, GPI Mexicana, and GPI Asia. All material intercompany balances and transactions have been eliminated in consolidation. The condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (US GAAP) for interim financial information and do not include all of the information and notes required by generally accepted accounting principles for complete financial statements. These statements should be read in conjunction with our annual audited consolidated financial statements and related notes included in our Form 10-K for the year ended December 31, 2013. | |
These unaudited condensed consolidated financial statements, in the opinion of management, reflect only normal and recurring adjustments necessary for a fair presentation of results for such periods. The results of operations for an interim period are not necessarily indicative of the results for the full year. | |
Subsequent Events, Policy [Policy Text Block] | ' |
Subsequent Events. We evaluated subsequent events through August 12, 2014, the date this Quarterly Report on Form 10-Q was filed with the Securities and Exchange Commission (SEC). | |
New Accounting Pronouncements, Policy [Policy Text Block] | ' |
Recently Issued Accounting Standards. | |
In May 2014, the FASB issued ASU 2014-09, Revenues from Contracts with Customers (Topic 606). This guidance applies to any entity that either enters into contracts with customers to transfer goods or services or enters into contracts for the transfer of nonfinancial assets unless those contracts are within the scope of other standards. The core principle of this guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. This guidance supersedes existing revenue recognition guidance, including most industry-specific guidance, as well as certain related guidance on accounting for contract costs. For public entities, this guidance is effective for annual reporting periods beginning after December 15, 2016. Early application is not permitted. The Company is currently evaluating the impact of this ASU on its financial statements. | |
Cash_Cash_Equivalents_and_Mark1
Cash, Cash Equivalents, and Marketable Securities (Tables) | 6 Months Ended | |||||||||||||||||||
Jun. 30, 2014 | ||||||||||||||||||||
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): | ||||||||||||||||||||
June 30, 2014 | December 31, 2013 | |||||||||||||||||||
Cash and Cash Equivalents | Marketable Securities | Total | Cash and Cash Equivalents | Marketable Securities | Total | |||||||||||||||
United States | $ | 12,281 | $ | - | $ | 12,281 | $ | 11,052 | $ | - | $ | 11,052 | ||||||||
France | 1,504 | 4,989 | 6,493 | 344 | 5,724 | 6,068 | ||||||||||||||
Macau S.A.R., China | 1,731 | - | 1,731 | 3,096 | - | 3,096 | ||||||||||||||
Total | $ | 15,517 | $ | 4,989 | $ | 20,506 | $ | 14,492 | $ | 5,724 | $ | 20,216 | ||||||||
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 banks and bond mutual funds (in thousands): | ||||||||||||||||||||
June 30, 2014 | December 31, 2013 | |||||||||||||||||||
Cost | Unrealized Gain/(Loss) | Fair Value | Cost | Unrealized Gain/(Loss) | Fair Value | |||||||||||||||
Certificates of deposit | $ | 1,364 | $ | - | $ | 1,364 | $ | 4,680 | $ | - | $ | 4,680 | ||||||||
Bond mutual funds | 3,625 | - | 3,625 | 1,044 | - | 1,044 | ||||||||||||||
Total marketable securities | $ | 4,989 | $ | - | $ | 4,989 | $ | 5,724 | $ | - | $ | 5,724 | ||||||||
Accounts_Receivable_and_Allowa1
Accounts Receivable and Allowance for Doubtful Accounts (Tables) | 6 Months Ended | ||||||||||||||||
Jun. 30, 2014 | |||||||||||||||||
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 | Provision | Write-offs, Net | Exchange | Balance at | |||||||||||||
of Year | (Benefit) | of Recoveries | Rate Effect | End of Period | |||||||||||||
30-Jun-14 | $ | 114 | $ | 55 | $ | - | $ | - | $ | 169 | |||||||
31-Dec-13 | $ | 152 | $ | -39 | $ | - | $ | 1 | $ | 114 | |||||||
Inventories_Tables
Inventories (Tables) | 6 Months Ended | |||||||
Jun. 30, 2014 | ||||||||
Inventory Disclosure [Abstract] | ' | |||||||
Schedule of Inventory, Current [Table Text Block] | ' | |||||||
Inventories consist of the following (in thousands): | ||||||||
June 30, 2014 | December 31, 2013 | |||||||
Raw materials | $ | 4,479 | $ | 4,957 | ||||
Work in progress | 1,923 | 937 | ||||||
Finished goods | 2,217 | 1,688 | ||||||
Total inventories | $ | 8,619 | $ | 7,582 | ||||
Schedule of Inventory, Noncurrent [Table Text Block] | ' | |||||||
The classification of our inventories on our condensed consolidated balance sheets is as follows (in thousands): | ||||||||
June 30, 2014 | December 31, 2013 | |||||||
Current | $ | 8,110 | $ | 7,407 | ||||
Non-current | 509 | 175 | ||||||
Total inventories | $ | 8,619 | $ | 7,582 | ||||
Property_and_Equipment_Tables
Property and Equipment (Tables) | 6 Months Ended | |||||||
Jun. 30, 2014 | ||||||||
Property, Plant and Equipment [Abstract] | ' | |||||||
Property, Plant and Equipment [Table Text Block] | ' | |||||||
Property and equipment consists of the following (in thousands): | ||||||||
June 30, 2014 | December 31, 2013 | |||||||
Land | $ | 1,789 | $ | 1,792 | ||||
Buildings and improvements | 8,856 | 8,897 | ||||||
Equipment and furniture | 21,955 | 21,801 | ||||||
Vehicles | 431 | 475 | ||||||
33,031 | 32,965 | |||||||
Less accumulated depreciation | -22,892 | -21,969 | ||||||
Property and equipment, net | $ | 10,139 | $ | 10,996 | ||||
Intangible_Assets_Tables
Intangible Assets (Tables) | 6 Months Ended | |||||||||||||||||||||
Jun. 30, 2014 | ||||||||||||||||||||||
Goodwill and Intangible Assets Disclosure [Abstract] | ' | |||||||||||||||||||||
Schedule of Finite-Lived Intangible Assets [Table Text Block] | ' | |||||||||||||||||||||
Intangible assets consist of the following (in thousands): | ||||||||||||||||||||||
June 30, 2014 | December 31, 2013 | |||||||||||||||||||||
Gross Carrying Amount | Accum. Amort. | Net Carrying Amount | Gross Carrying Amount | Accum. Amort. | Net Carrying Amount | Estimated Useful Life (Years) | ||||||||||||||||
Trademarks | $ | 631 | $ | -265 | $ | 366 | $ | 631 | $ | -240 | $ | 391 | 12-Oct | |||||||||
Patents | 517 | -483 | 34 | 517 | -480 | 37 | 13-14 | |||||||||||||||
Customer list | 513 | -56 | 457 | 513 | -30 | 483 | 10 | |||||||||||||||
Other intangible assets | 102 | -36 | 66 | 103 | -29 | 74 | 10-May | |||||||||||||||
Total intangible assets | $ | 1,763 | $ | -840 | $ | 923 | $ | 1,764 | $ | -779 | $ | 985 | ||||||||||
Accumulated_Other_Comprehensiv1
Accumulated Other Comprehensive Income (Tables) | 6 Months Ended | ||||||||||
Jun. 30, 2014 | |||||||||||
Equity [Abstract] | ' | ||||||||||
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] | ' | ||||||||||
Changes in accumulated other comprehensive income for the three months ended June 30, 2014, were as follows (in thousands): | |||||||||||
Foreign Currency Translation | Unrealized Gains | Total | |||||||||
on Securities | |||||||||||
Balance at March 31, 2014 | $ | 1,656 | $ | 1 | $ | 1,657 | |||||
Other comprehensive income | -131 | - | -131 | ||||||||
Balance at June 30, 2014 | $ | 1,525 | $ | 1 | $ | 1,526 | |||||
Changes in accumulated other comprehensive income for the six months ended June 30, 2014, were as follows (in thousands): | |||||||||||
Foreign Currency Translation | Unrealized Gains | Total | |||||||||
on Securities | |||||||||||
Balance at January 1, 2014 | $ | 1,676 | $ | 1 | $ | 1,677 | |||||
Other comprehensive loss | -151 | - | -151 | ||||||||
Balance at June 30, 2014 | $ | 1,525 | $ | 1 | $ | 1,526 | |||||
Geographic_and_Product_Line_In1
Geographic and Product Line Information (Tables) | 6 Months Ended | |||||||||||
Jun. 30, 2014 | ||||||||||||
Segment Reporting [Abstract] | ' | |||||||||||
Schedule of Revenue from Foreign Countries by Geographic Area [Table Text Block] | ' | |||||||||||
The following tables present our net sales by geographic area (in thousands): | ||||||||||||
Three Months Ended | ||||||||||||
June 30, | ||||||||||||
2014 | 2013 | |||||||||||
Revenues: | ||||||||||||
The Americas | $ | 6,960 | 68.1 | % | $ | 8,475 | 60 | % | ||||
Asia Pacific | 2,685 | 26.3 | % | 4,886 | 34.5 | % | ||||||
Europe and Africa | 571 | 5.6 | % | 785 | 5.5 | % | ||||||
Total | $ | 10,216 | 100 | % | $ | 14,146 | 100 | % | ||||
Six Months Ended | ||||||||||||
June 30, | ||||||||||||
2014 | 2013 | |||||||||||
Revenues: | ||||||||||||
The Americas | $ | 12,230 | 58.8 | % | $ | 15,749 | 54.5 | % | ||||
Asia Pacific | 7,490 | 36.1 | % | 11,705 | 40.5 | % | ||||||
Europe and Africa | 1,055 | 5.1 | % | 1,460 | 5 | % | ||||||
Total | $ | 20,775 | 100 | % | $ | 28,914 | 100 | % | ||||
Schedule of Product Revenue [Table Text Block] | ' | |||||||||||
The following tables present our net sales by product line (in thousands): | ||||||||||||
Three Months Ended | ||||||||||||
June 30, | ||||||||||||
2014 | 2013 | |||||||||||
Casino currency without RFID | $ | 3,987 | 39.1 | % | $ | 4,319 | 30.5 | % | ||||
Casino currency with RFID | 781 | 7.6 | % | 4,000 | 28.3 | % | ||||||
Total casino currency | 4,768 | 46.7 | % | 8,319 | 58.8 | % | ||||||
Playing cards | 1,649 | 16.2 | % | 1,576 | 11.1 | % | ||||||
Table layouts | 1,005 | 9.8 | % | 1,174 | 8.3 | % | ||||||
Table accessories and other products | 988 | 9.7 | % | 916 | 6.4 | % | ||||||
Dice | 655 | 6.4 | % | 618 | 4.4 | % | ||||||
Gaming furniture | 577 | 5.6 | % | 673 | 4.8 | % | ||||||
RFID solutions | 130 | 1.3 | % | 407 | 2.9 | % | ||||||
Shipping | 444 | 4.3 | % | 463 | 3.3 | % | ||||||
Total | $ | 10,216 | 100 | % | $ | 14,146 | 100 | % | ||||
Six Months Ended | ||||||||||||
June 30, | ||||||||||||
2014 | 2013 | |||||||||||
Casino currency without RFID | $ | 6,264 | 30.2 | % | $ | 9,396 | 32.5 | % | ||||
Casino currency with RFID | 4,661 | 22.4 | % | 8,349 | 28.9 | % | ||||||
Total casino currency | 10,925 | 52.6 | % | 17,745 | 61.4 | % | ||||||
Playing cards | 3,187 | 15.3 | % | 3,023 | 10.5 | % | ||||||
Table layouts | 1,861 | 9 | % | 2,210 | 7.6 | % | ||||||
Table accessories and other products | 1,639 | 7.9 | % | 1,716 | 5.9 | % | ||||||
Dice | 1,165 | 5.6 | % | 1,236 | 4.3 | % | ||||||
Gaming furniture | 833 | 4 | % | 1,211 | 4.2 | % | ||||||
RFID solutions | 376 | 1.8 | % | 904 | 3.1 | % | ||||||
Shipping | 789 | 3.8 | % | 869 | 3 | % | ||||||
Total | $ | 20,775 | 100 | % | $ | 28,914 | 100 | % | ||||
Schedule of Property Plant and Equipment by Geographic Area [Table Text Block] | ' | |||||||||||
The following table presents our property and equipment by geographic area (in thousands): | ||||||||||||
June 30, 2014 | December 31, 2013 | |||||||||||
Property and equipment, net: | ||||||||||||
France | $ | 4,134 | $ | 4,502 | ||||||||
Mexico | 3,032 | 3,360 | ||||||||||
United States | 2,843 | 2,987 | ||||||||||
Asia | 130 | 147 | ||||||||||
Total | $ | 10,139 | $ | 10,996 | ||||||||
Schedule of Intangible Assets and Goodwill [Table Text Block] | ' | |||||||||||
The following table presents our intangible assets by geographic area (in thousands): | ||||||||||||
June 30, 2014 | December 31, 2013 | |||||||||||
Intangible assets, net: | ||||||||||||
United States | $ | 907 | $ | 964 | ||||||||
France | 16 | 21 | ||||||||||
Total | $ | 923 | $ | 985 | ||||||||
Earnings_per_Share_EPS_Tables
Earnings per Share (EPS) (Tables) | 6 Months Ended | |||||||||
Jun. 30, 2014 | ||||||||||
Earnings Per Share [Abstract] | ' | |||||||||
Schedule of Weighted Average Number of Shares [Table Text Block] | ' | |||||||||
Shares used to compute basic and diluted earnings per share from operations are as follows: | ||||||||||
Three Months Ended | Six Months Ended | |||||||||
June 30, | June 30, | |||||||||
2014 | 2013 | 2014 | 2013 | |||||||
Weighted-average number of common shares outstanding - basic | 7,916 | 7,949 | 7,916 | 8,038 | ||||||
Potential dilution from equity grants | - | - | - | 78 | ||||||
Weighted-average number of common shares outstanding - diluted | 7,916 | 7,949 | 7,916 | 8,116 | ||||||
Acquisition_Details_Textual
Acquisition (Details Textual) (Blue Chip Acquisition [Member], USD $) | 6 Months Ended | |
In Millions, unless otherwise specified | Jun. 30, 2013 | 31-May-13 |
Blue Chip Acquisition [Member] | ' | ' |
Business Acquisition [Line Items] | ' | ' |
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 $) | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||||
Cash and Cash Equivalents [Line Items] | ' | ' | ' | ' |
Cash and Cash Equivalents | $15,517 | $14,492 | $14,474 | $14,038 |
Marketable Securities | 4,989 | 5,724 | ' | ' |
Total | 20,506 | 20,216 | ' | ' |
United States [Member] | ' | ' | ' | ' |
Cash and Cash Equivalents [Line Items] | ' | ' | ' | ' |
Cash and Cash Equivalents | 12,281 | 11,052 | ' | ' |
Marketable Securities | 0 | 0 | ' | ' |
Total | 12,281 | 11,052 | ' | ' |
France [Member] | ' | ' | ' | ' |
Cash and Cash Equivalents [Line Items] | ' | ' | ' | ' |
Cash and Cash Equivalents | 1,504 | 344 | ' | ' |
Marketable Securities | 4,989 | 5,724 | ' | ' |
Total | 6,493 | 6,068 | ' | ' |
Macau S.A.R., China [Member] | ' | ' | ' | ' |
Cash and Cash Equivalents [Line Items] | ' | ' | ' | ' |
Cash and Cash Equivalents | 1,731 | 3,096 | ' | ' |
Marketable Securities | 0 | 0 | ' | ' |
Total | $1,731 | $3,096 | ' | ' |
Cash_Cash_Equivalents_and_Mark3
Cash, Cash Equivalents, and Marketable Securities (Details 1) (USD $) | 6 Months Ended | 12 Months Ended |
In Thousands, unless otherwise specified | Jun. 30, 2014 | Dec. 31, 2013 |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Cost | $4,989 | $5,724 |
Unrealized Gain/(Loss) | 0 | 0 |
Fair Value | 4,989 | 5,724 |
Certificates of Deposit [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Cost | 1,364 | 4,680 |
Unrealized Gain/(Loss) | 0 | 0 |
Fair Value | 1,364 | 4,680 |
Bond Mutual Funds [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Cost | 3,625 | 1,044 |
Unrealized Gain/(Loss) | 0 | 0 |
Fair Value | $3,625 | $1,044 |
Accounts_Receivable_and_Allowa2
Accounts Receivable and Allowance for Doubtful Accounts (Details) (USD $) | 6 Months Ended | 12 Months Ended | |
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Dec. 31, 2013 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Balance at Beginning of Year | $114 | $152 | $152 |
Provision (Benefit) | 55 | -19 | -39 |
Write-offs, Net of Recoveries | 0 | ' | 0 |
Exchange Rate Effect | 0 | ' | 1 |
Balance at End of Period | $169 | ' | $114 |
Accounts_Receivable_and_Allowa3
Accounts Receivable and Allowance for Doubtful Accounts (Details Textual) | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||
Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Dec. 31, 2013 | |
Customer Four [Member] | |||||
Accounts Receivable [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' |
Concentration Risk, Percentage | 100.00% | 100.00% | 100.00% | 100.00% | 10.00% |
Inventories_Details
Inventories (Details) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Inventory [Line Items] | ' | ' |
Raw materials | $4,479 | $4,957 |
Work in progress | 1,923 | 937 |
Finished goods | 2,217 | 1,688 |
Total inventories | $8,619 | $7,582 |
Inventories_Details_1
Inventories (Details 1) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Inventory [Line Items] | ' | ' |
Current | $8,110 | $7,407 |
Non-current | 509 | 175 |
Total inventories | $8,619 | $7,582 |
Property_and_Equipment_Details
Property and Equipment (Details) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Property, Plant and Equipment [Line Items] | ' | ' |
Land | $1,789 | $1,792 |
Buildings and improvements | 8,856 | 8,897 |
Equipment and furniture | 21,955 | 21,801 |
Vehicles | 431 | 475 |
Property, Plant and Equipment, Gross | 33,031 | 32,965 |
Less accumulated depreciation | -22,892 | -21,969 |
Property and equipment, net | $10,139 | $10,996 |
Property_and_Equipment_Details1
Property and Equipment (Details Textual) (USD $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Property, Plant and Equipment [Line Items] | ' | ' | ' | ' |
Depreciation | $545 | $579 | $1,110 | $1,130 |
Intangible_Assets_Details
Intangible Assets (Details) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2013 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | Trademarks [Member] | Trademarks [Member] | Trademarks [Member] | Trademarks [Member] | Trademarks [Member] | Trademarks [Member] | Patents [Member] | Patents [Member] | Patents [Member] | Patents [Member] | Patents [Member] | Patents [Member] | Customer List [Member] | Customer List [Member] | Other Intangible Assets [Member] | Other Intangible Assets [Member] | Other Intangible Assets [Member] | Other Intangible Assets [Member] | Other Intangible Assets [Member] | Other Intangible Assets [Member] | ||
Minimum [Member] | Minimum [Member] | Maximum [Member] | Maximum [Member] | Minimum [Member] | Minimum [Member] | Maximum [Member] | Maximum [Member] | Minimum [Member] | Minimum [Member] | Maximum [Member] | Maximum [Member] | |||||||||||
Finite-Lived Intangible Assets [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Intangible assets, Gross Carrying Amount | $1,763 | $1,764 | $631 | $631 | ' | ' | ' | ' | $517 | $517 | ' | ' | ' | ' | $513 | $513 | $102 | $103 | ' | ' | ' | ' |
Intangible assets, Accumulated Amortization | -840 | -779 | -265 | -240 | ' | ' | ' | ' | -483 | -480 | ' | ' | ' | ' | -56 | -30 | -36 | -29 | ' | ' | ' | ' |
Intangible assets, Net Carrying Amount | $923 | $985 | $366 | $391 | ' | ' | ' | ' | $34 | $37 | ' | ' | ' | ' | $457 | $483 | $66 | $74 | ' | ' | ' | ' |
Intangible assets, Estimated Useful Life (Years) | ' | ' | ' | ' | '10 years | '10 years | '12 years | '12 years | ' | ' | '13 years | '13 years | '14 years | '14 years | '10 years | '10 years | ' | ' | '5 years | '5 years | '10 years | '10 years |
Intangible_Assets_Details_Text
Intangible Assets (Details Textual) (USD $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Finite-Lived Intangible Assets [Line Items] | ' | ' | ' | ' |
Amortization Of Intangible Assets | $30 | $36 | $61 | $63 |
Restricted_Cash_and_Debt_Detai
Restricted Cash and Debt (Details Textual) (USD $) | 6 Months Ended |
In Millions, unless otherwise specified | Jun. 30, 2014 |
Line of Credit Facility [Line Items] | ' |
Restricted Cash and Cash Equivalents | $10 |
GPI USA and HSBC Bank USA [Member] | ' |
Line of Credit Facility [Line Items] | ' |
Line of Credit Facility, Maximum Borrowing Capacity | 10 |
Line of Credit Facility, Interest Rate Description | 'LIBOR plus 2.25% |
GPI USA [Member] | ' |
Line of Credit Facility [Line Items] | ' |
Line of Credit Facility, Current Borrowing Capacity | $10 |
Commitments_and_Contingencies_
Commitments and Contingencies (Details Textual) (USD $) | 6 Months Ended | 1 Months Ended | ||
Jun. 30, 2014 | Mar. 13, 2014 | Jul. 01, 2014 | Jul. 08, 2014 | |
GemGroup Inc [Member] | GemGroup Inc [Member] | Patents [Member] | ||
Subsequent Event [Member] | Subsequent Event [Member] | |||
Commitments and Contingencies [Line Items] | ' | ' | ' | ' |
Business Acquisition, Potential Cash Payment | ' | $22,500,000 | ' | ' |
Business Acquisitions Deposit Amount | ' | 1,000,000 | ' | ' |
License Agreements Expiration Period | '2015 | ' | ' | ' |
Royalty Expense | 125,000 | ' | ' | ' |
Payments to Acquire Intangible Assets | ' | ' | ' | 25,000 |
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets | ' | ' | $19,750,000 | ' |
Accumulated_Other_Comprehensiv2
Accumulated Other Comprehensive Income (Details) (USD $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | ' | ' | ' |
Foreign Currency Translation, Beginning Balance | $1,656 | ' | $1,676 | ' |
Foreign Currency Translation, Other comprehensive loss | -131 | ' | -151 | -445 |
Foreign Currency Translation, Ending Balance | 1,525 | ' | 1,525 | ' |
Unrealized Gains on Securities, Beginning Balance | 1 | ' | 1 | ' |
Unrealized Gains on Securities, Other comprehensive loss | ' | ' | 0 | ' |
Unrealized Gains on Securities, Ending Balance | 1 | ' | 1 | ' |
Accumulated other comprehensive income, Beginning Balance | 1,657 | ' | 1,677 | ' |
Accumulated other comprehensive income, Other comprehensive loss | -131 | 217 | -151 | -442 |
Accumulated other comprehensive income, Ending Balance | $1,526 | ' | $1,526 | ' |
Geographic_and_Product_Line_In2
Geographic and Product Line Information (Details) (USD $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Segment Reporting Information [Line Items] | ' | ' | ' | ' |
Revenues | $10,216 | $14,146 | $20,775 | $28,914 |
Revenues, Percentage | 100.00% | 100.00% | 100.00% | 100.00% |
The Americas [Member] | Sales Revenue, Net [Member] | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' |
Revenues | 6,960 | 8,475 | 12,230 | 15,749 |
Revenues, Percentage | 68.10% | 60.00% | 58.80% | 54.50% |
Asia Pacific [Member] | Sales Revenue, Net [Member] | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' |
Revenues | 2,685 | 4,886 | 7,490 | 11,705 |
Revenues, Percentage | 26.30% | 34.50% | 36.10% | 40.50% |
Europe and Africa [Member] | Sales Revenue, Net [Member] | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' |
Revenues | $571 | $785 | $1,055 | $1,460 |
Revenues, Percentage | 5.60% | 5.50% | 5.10% | 5.00% |
Geographic_and_Product_Line_In3
Geographic and Product Line Information (Details 1) (USD $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Segment Reporting Information [Line Items] | ' | ' | ' | ' |
Revenues | $10,216 | $14,146 | $20,775 | $28,914 |
Revenues, Percentage | 100.00% | 100.00% | 100.00% | 100.00% |
Casino Without RFID [Member] | Sales Revenue, Product Line [Member] | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' |
Revenues | 3,987 | 4,319 | 6,264 | 9,396 |
Revenues, Percentage | 39.10% | 30.50% | 30.20% | 32.50% |
Casino With RFID [Member] | Sales Revenue, Product Line [Member] | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' |
Revenues | 781 | 4,000 | 4,661 | 8,349 |
Revenues, Percentage | 7.60% | 28.30% | 22.40% | 28.90% |
Total Casino [Member] | Sales Revenue, Product Line [Member] | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' |
Revenues | 4,768 | 8,319 | 10,925 | 17,745 |
Revenues, Percentage | 46.70% | 58.80% | 52.60% | 61.40% |
Playing Cards [Member] | Sales Revenue, Product Line [Member] | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' |
Revenues | 1,649 | 1,576 | 3,187 | 3,023 |
Revenues, Percentage | 16.20% | 11.10% | 15.30% | 10.50% |
Table Layouts [Member] | Sales Revenue, Product Line [Member] | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' |
Revenues | 1,005 | 1,174 | 1,861 | 2,210 |
Revenues, Percentage | 9.80% | 8.30% | 9.00% | 7.60% |
Table Accessories and Other Products [Member] | Sales Revenue, Product Line [Member] | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' |
Revenues | 988 | 916 | 1,639 | 1,716 |
Revenues, Percentage | 9.70% | 6.40% | 7.90% | 5.90% |
Dice [Member] | Sales Revenue, Product Line [Member] | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' |
Revenues | 655 | 618 | 1,165 | 1,236 |
Revenues, Percentage | 6.40% | 4.40% | 5.60% | 4.30% |
Gaming Furniture [Member] | Sales Revenue, Product Line [Member] | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' |
Revenues | 577 | 673 | 833 | 1,211 |
Revenues, Percentage | 5.60% | 4.80% | 4.00% | 4.20% |
RFID Solutions [Member] | Sales Revenue, Product Line [Member] | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' |
Revenues | 130 | 407 | 376 | 904 |
Revenues, Percentage | 1.30% | 2.90% | 1.80% | 3.10% |
Shipping [Member] | Sales Revenue, Product Line [Member] | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' |
Revenues | $444 | $463 | $789 | $869 |
Revenues, Percentage | 4.30% | 3.30% | 3.80% | 3.00% |
Geographic_and_Product_Line_In4
Geographic and Product Line Information (Details 2) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Segment Reporting Information [Line Items] | ' | ' |
Property and equipment, net | $10,139 | $10,996 |
France [Member] | ' | ' |
Segment Reporting Information [Line Items] | ' | ' |
Property and equipment, net | 4,134 | 4,502 |
Mexico [Member] | ' | ' |
Segment Reporting Information [Line Items] | ' | ' |
Property and equipment, net | 3,032 | 3,360 |
United States [Member] | ' | ' |
Segment Reporting Information [Line Items] | ' | ' |
Property and equipment, net | 2,843 | 2,987 |
Asia [Member] | ' | ' |
Segment Reporting Information [Line Items] | ' | ' |
Property and equipment, net | $130 | $147 |
Geographic_and_Product_Line_In5
Geographic and Product Line Information (Details 3) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Segment Reporting Information [Line Items] | ' | ' |
Intangible assets, net | $923 | $985 |
United States [Member] | ' | ' |
Segment Reporting Information [Line Items] | ' | ' |
Intangible assets, net | 907 | 964 |
France [Member] | ' | ' |
Segment Reporting Information [Line Items] | ' | ' |
Intangible assets, net | $16 | $21 |
Geographic_and_Product_Line_In6
Geographic and Product Line Information (Details Textual) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | |
Segment Reporting Information [Line Items] | ' | ' | ' | ' |
Revenues, Percentage | 100.00% | 100.00% | 100.00% | 100.00% |
Customer One [Member] | Sales Revenue, Goods, Net [Member] | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' |
Revenues, Percentage | ' | ' | 12.00% | 14.00% |
Customer Two [Member] | Sales Revenue, Goods, Net [Member] | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' |
Revenues, Percentage | ' | ' | ' | 12.00% |
Stockholders_Equity_Details_Te
Stockholders' Equity (Details Textual) (USD $) | 6 Months Ended | 31 Months Ended | ||
Jun. 30, 2013 | Jun. 30, 2014 | Nov. 30, 2012 | Dec. 01, 2011 | |
Equity, Class of Treasury Stock [Line Items] | ' | ' | ' | ' |
Stock Repurchase Program, Number of Shares Authorized to be Repurchased | ' | ' | 498,512 | 409,951 |
Stock Repurchase Program, Number of Shares Authorized to be Repurchased, Percentage | ' | ' | ' | 5.00% |
Stock Repurchase Program, Remaining Number of Shares Authorized to be Repurchased | ' | 215,590 | ' | ' |
Stock Repurchased During Period, Shares | 20,201 | 282,922 | ' | ' |
Stock Repurchased During Period, Value | $162,696 | $2,066,728 | ' | ' |
Stock Repurchased Program, Weighted Average Price Per Share | $8.05 | $7.30 | ' | ' |
Earnings_per_Share_EPS_Details
Earnings per Share (EPS) (Details) | 3 Months Ended | 6 Months Ended | ||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Basic and Diluted Earnings Per Share [Line Items] | ' | ' | ' | ' |
Weighted-average number of common shares outstanding - basic | 7,916 | 7,949 | 7,916 | 8,038 |
Potential dilution from equity grants | 0 | 0 | 0 | 78 |
Weighted-average number of common shares outstanding - diluted | 7,916 | 7,949 | 7,916 | 8,116 |
Earnings_per_Share_EPS_Details1
Earnings per Share (EPS) (Details Textual) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | |
Impairment Effects on Earnings Per Share [Line Items] | ' | ' | ' | ' |
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 96,114 | 81,488 | 99,602 | 77,934 |
Subsequent_Event_Details_Textu
Subsequent Event (Details Textual) (Subsequent Event [Member], USD $) | Jul. 01, 2014 |
In Millions, unless otherwise specified | |
HSBC Bank USA [Member] | ' |
Subsequent Event [Line Items] | ' |
Escrow Deposit | $2 |
GemGroup Inc [Member] | ' |
Subsequent Event [Line Items] | ' |
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets | $19.75 |