Document_And_Entity_Informatio
Document And Entity Information (USD $) | 12 Months Ended | ||
Dec. 31, 2014 | Mar. 12, 2015 | Jun. 30, 2014 | |
Document Information [Line Items] | |||
Entity Registrant Name | Gaming Partners International CORP | ||
Entity Central Index Key | 918580 | ||
Current Fiscal Year End Date | -19 | ||
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-14 | ||
Document Fiscal Period Focus | FY | ||
Document Fiscal Year Focus | 2014 | ||
Entity Well-known Seasoned Issuer | No | ||
Entity Voluntary Filers | No | ||
Entity Current Reporting Status | Yes | ||
Entity Public Float | $29,948,514 |
CONSOLIDATED_BALANCE_SHEETS
CONSOLIDATED BALANCE SHEETS (USD $) | Dec. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Current Assets: | ||
Cash and cash equivalents | $8,969 | $14,492 |
Marketable securities | 3,597 | 5,724 |
Accounts receivable, net | 10,327 | 5,905 |
Inventories | 9,063 | 7,407 |
Prepaid expenses | 749 | 965 |
Deferred income tax asset | 1,011 | 628 |
Other current assets | 2,273 | 3,054 |
Total current assets | 35,989 | 38,175 |
Property and equipment, net | 15,087 | 10,996 |
Goodwill | 10,292 | 0 |
Intangibles, net | 2,794 | 985 |
Deferred income tax asset | 2,003 | 3,643 |
Inventories, non-current | 523 | 175 |
Other assets | 1,706 | 1,475 |
Total assets | 68,394 | 55,449 |
Current Liabilities: | ||
Short-term debt | 10,000 | 0 |
Accounts payable | 3,321 | 2,291 |
Accrued liabilities | 3,906 | 2,918 |
Customer deposits and deferred revenue | 2,224 | 646 |
Income taxes payable | 343 | 251 |
Total current liabilities | 19,794 | 6,106 |
Deferred income tax liability | 272 | 1,870 |
Other liabilities | 63 | 0 |
Total liabilities | 20,129 | 7,976 |
Commitments and contingencies - see Note 11 | ||
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, 2014, and 8,207,077 and 7,916,094 issued and outstanding, respectively, as of December 31, 2013 | 82 | 82 |
Additional paid-in capital | 19,886 | 19,771 |
Treasury stock at cost: 290,983 shares at December 31, 2014 and 2013 | -2,263 | -2,262 |
Retained earnings | 30,881 | 28,205 |
Accumulated other comprehensive (loss) income | -321 | 1,677 |
Total stockholders' equity | 48,265 | 47,473 |
Total liabilities and stockholders' equity | $68,394 | $55,449 |
CONSOLIDATED_BALANCE_SHEETS_Pa
CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $) | Dec. 31, 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 |
CONSOLIDATED_STATEMENTS_OF_INC
CONSOLIDATED STATEMENTS OF INCOME (USD $) | 12 Months Ended | |
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 |
Revenues | $60,972 | $56,173 |
Cost of revenues | 42,657 | 38,584 |
Gross profit | 18,315 | 17,589 |
Marketing and sales | 6,203 | 5,988 |
General and administrative | 8,403 | 9,023 |
Research and development | 1,521 | 1,959 |
Operating income | 2,188 | 619 |
Other income, net | 227 | 4 |
Income before income taxes | 2,415 | 623 |
Income tax (benefit) provision | -261 | -543 |
Net income | $2,676 | $1,166 |
Earnings per share: | ||
Basic (in dollars per share) | $0.34 | $0.15 |
Diluted (in dollars per share) | $0.33 | $0.15 |
Weighted-average shares of common stock outstanding: | ||
Basic (in shares) | 7,916 | 7,942 |
Diluted (in shares) | 8,015 | 8,029 |
CONSOLIDATED_STATEMENTS_OF_COM
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 |
Net income | $2,676 | $1,166 |
Other comprehensive (loss) income: | ||
Foreign currency translation adjustment | -1,998 | 486 |
Unrealized gain on securities, net of tax | 0 | 4 |
Other comprehensive (loss) income, net of tax | -1,998 | 490 |
Total comprehensive income | $678 | $1,656 |
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 [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 | 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 | |||||
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 | -2,263 | 28,205 | 1,677 |
Balance (in shares) at Dec. 31, 2013 | 7,916,094 | |||||
Net income | 2,676 | 0 | 0 | 0 | 2,676 | 0 |
Stock compensation expense | 115 | 0 | 115 | 0 | 0 | 0 |
Foreign currency translation adjustment | -1,998 | 0 | 0 | 0 | 0 | -1,998 |
Balance at Dec. 31, 2014 | $48,265 | $82 | $19,886 | ($2,263) | $30,881 | ($321) |
Balance (in shares) at Dec. 31, 2014 | 7,916,094 |
CONSOLIDATED_STATEMENTS_OF_CAS
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 |
Cash Flows from Operating Activities | ||
Net income | $2,676 | $1,166 |
Adjustments to reconcile net income to net cash (used in) provided by operating activities: | ||
Depreciation | 2,597 | 2,290 |
Amortization of intangible assets | 218 | 136 |
Allowance (benefit) for bad debt | 193 | -39 |
Deferred income taxes | -338 | -662 |
Stock compensation expense | 115 | 208 |
Loss on sale of property and equipment | 32 | 14 |
(Gain) on sale of marketable securities | -7 | -16 |
Change in operating assets and liabilities: | ||
Accounts receivable | -2,352 | -44 |
Inventories | -445 | 124 |
Prepaid expenses and other current assets | 358 | -1,726 |
Non-current other assets | 215 | 181 |
Accounts payable | -109 | -595 |
Customer deposits and deferred revenue | 1,588 | -2,394 |
Accrued liabilities | 573 | -2,329 |
Income taxes payable | 92 | -322 |
Net cash provided by (used in) operating activities | 5,406 | -4,008 |
Cash Flows from Investing Activities | ||
Purchases of marketable securities | -10,476 | -4,247 |
Proceeds from sale of marketable securities | 12,073 | 12,348 |
Capital expenditures | -2,008 | -1,772 |
Purchase of business assets | -20,016 | -775 |
Purchase of intangibles | -25 | 0 |
Proceeds from sale of property and equipment | 29 | 0 |
Net cash (used in) provided by investing activities | -20,423 | 5,554 |
Cash Flows from Financing Activities | ||
Proceeds from line of credit | 10,000 | 0 |
Repurchases of common stock | 0 | -1,012 |
Net cash provided by (used in) financing activities | 10,000 | -1,012 |
Effect of exchange rate changes on cash | -506 | -80 |
Net (decrease) increase in cash and cash equivalents | -5,523 | 454 |
Cash and cash equivalents, beginning of period | 14,492 | 14,038 |
Cash and cash equivalents, end of period | 8,969 | 14,492 |
Supplemental disclosures of cash flow information: | ||
Cash paid for interest | 127 | 0 |
Cash paid for income taxes, net of refunds | ($759) | $2,097 |
Nature_of_Business_and_Signifi
Nature of Business and Significant Accounting Policies | 12 Months Ended | |||
Dec. 31, 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 S.A. de C.V. (GPI Mexicana), our maquiladora manufacturing operation in Mexico, and GPI Blue Springs, our manufacturing facility in Missouri), Gaming Partners International SAS (GPI SAS), and Gaming Partners International Asia Limited (GPI Asia). On July 1, 2014, we acquired (the GemGroup Acquisition) substantially all of the net gaming assets of GemGroup Inc. and its subsidiaries (GemGroup) (see Note 2). 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 in either San Luis Rio Colorado, Mexico, or, since July 1, 2014 (in connection with the GemGroup Acquisition), 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, Nevada; Atlantic City, New Jersey; Gulfport, Mississippi; and Blue Springs, Missouri. | |||
• | 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, located in Macau S.A.R., China, distributes all our casino currencies, RFID product solutions, playing cards, and other table accessories in the Asia-Pacific region. As a result of the GemGroup acquisition, since July 1, 2014, GPI Asia also sells layouts and upholstery manufactured in Macau S.A.R. | |||
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. 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 have established brand names such as Paulson®, Bourgogne et Grasset® (BG®), Bud Jones® and Blue Chip® (BC®) and recently acquired, Gemaco®. GPIC and each of its subsidiaries are sometimes collectively referred to herein as the “Company”, “us”, “we”, or “our”. | ||||
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 typically have a useful life of several years or longer. Sales of non-consumables are typically driven by casino openings, expansions, and rebrandings, as well as replacement in the normal course of business. Consumable products consist of playing cards, table layouts, dice, and table accessories. These products each have a useful life that ranges from several hours for playing cards and dice to several months for layouts. Casinos tend to buy these products annually if not more frequently. | ||||
Significant Accounting Policies | ||||
Basis of Consolidation and Presentation. 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, accounts payable and debt 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 | Mar-40 | |||
Furniture and Equipment | 15-Feb | |||
Vehicles | 7-May | |||
Goodwill. Goodwill is recorded when the consideration paid for an acquisition exceeds the fair value of net tangible and intangible assets acquired. Goodwill is measured and tested for impairment on an annual basis or more frequently if we believe indicators of impairment exist. We test goodwill for impairment using qualitative factors to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount, including goodwill. If it is not more likely than not that the fair value of the reporting unit is less than its carrying amount, no further testing is performed. If it is more likely than not than not that the fair value of the reporting unit is less than its carrying amount, we perform a quantitative two-step impairment test. The first step compares the fair value of the reporting unit with its carrying amount, including goodwill. If the carrying amount exceeds fair value, then the second step is used to measure the amount of impairment loss. | ||||
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. 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. | ||||
We occasionally enter 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 U.S. dollar at exchange rates at the balance sheet date. Revenues and expenses are translated into the U.S. 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 U.S. 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, 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. 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 ASU 2014-09 on its consolidated financial statements. | ||||
Acquisition
Acquisition | 12 Months Ended | |||||||
Dec. 31, 2014 | ||||||||
Business Combinations [Abstract] | ||||||||
Business Acquisition, Integration, Restructuring and Other Related Costs [Text Block] | Note 2. Acquisition | |||||||
On July 1, 2014, we completed the acquisition of substantially all of the net gaming assets of GemGroup, a manufacturer of playing cards, casino currency, and table layouts primarily sold under the Gemaco® brand, for $20 million which includes the original consideration of $19.75 million and a post-closing working capital adjustment to the purchase price of $0.3 million that was recorded and paid by us in December 2014. $2.0 million dollars of the purchase price was placed in escrow to secure GemGroup's indemnification obligations under the Asset Purchase Agreement, dated July 1, 2014 (the Purchase Agreement). We borrowed $10.0 million under a demand line of credit with HSBC Bank USA, National Association, the proceeds of which were used toward the payment of the purchase price for the GemGroup Acquisition. The GemGroup Acquisition strengthens our manufacturing capabilities and increases our United States market share in both playing cards and table layouts, two important sources of recurring revenue. Further, it expands our product offerings in the growing Asia-Pacific region as the Gemaco brand has a strong market presence in the Asia-Pacific layout business. The GemGroup Acquisition was accounted for using the acquisition method required by ASC Topic 805, Business Combinations. As a result, the gaming assets and liabilities of GemGroup were recorded as of the completion of the acquisition, at their respective estimated fair values, and consolidated with our assets and liabilities. The results of GemGroup have been consolidated with the Company beginning on the date of the acquisition (July 1, 2014). | ||||||||
On November 5, 2014, we informed our impacted employees that we would be relocating all of our playing card production from Mexico to our facility in Blue Springs, Missouri. In December 2014, we completed the relocation of all our playing card production from Mexico to our facility in Blue Springs, Missouri. The consolidation is part of our strategic plan to improve the efficiency of our playing card production and is expected to provide savings in the manufacturing of playing cards. The consolidation resulted in a net headcount reduction of 95 full-time employees. As of December 31, 2014, we incurred one-time costs in the amount of $0.6 million related to the relocation. These charges included primarily employee separation costs as well as equipment and inventory impairment charges and travel and training costs. In addition to these one-time costs, we incurred $0.3 million of acquisition related expenses related to the GemGroup Acquisition. | ||||||||
The following table describes the acquisition consideration paid (dollars in thousands): | ||||||||
Acquisition Consideration | ||||||||
Cash | $ | 19,750 | ||||||
Purchase agreement contingencies | 266 | |||||||
Total acquisition consideration | $ | 20,016 | ||||||
The Purchase Agreement contingencies represent a post-closing working capital adjustment to the purchase price. In December 2014, we paid and recorded a post-closing working capital adjustment of $0.3 million which was reflected as an increase in goodwill. | ||||||||
The acquisition consideration was assigned based on estimates of the fair values of assets and liabilities acquired as of the acquisition date. The assignment of the acquisition consideration is based on estimates, assumptions, valuations and other studies which were finalized in December 2014. | ||||||||
The allocation of the acquisition consideration is as follows (dollars in thousands): | ||||||||
Accounts receivable | $ | 2,317 | ||||||
Inventories | 1,961 | |||||||
Prepaid expenses | 70 | |||||||
Other current assets | 40 | |||||||
Property and equipment | 5,126 | |||||||
Goodwill | 10,292 | |||||||
Intangible assets | 2,004 | |||||||
Accounts payable | -1,126 | |||||||
Accrued liabilities | -617 | |||||||
Other liabilities | -51 | |||||||
Total acquisition consideration | $ | 20,016 | ||||||
The fair value of the significant identified intangible assets was estimated using the market approach and income approach. Inputs used in the methodologies primarily included projected future cash flows, discounted at a rate commensurate with the risk involved. The total amount of intangible assets acquired subject to amortization expense is $2.0 million, with a residual value estimated to be zero and weighted-average amortization period of 15 years. Goodwill arising from the acquisition is mainly attributable to synergies and improved market position. | ||||||||
The Company’s consolidated net revenues for the six months ended December 31, 2014 included $11.2 million attributable to GemGroup. Due to integration of the combined businesses since the day of acquisition, it is impracticable to determine the earnings or loss contributed by the acquisition. | ||||||||
The following unaudited pro forma consolidated results of operations for the fiscal year ended December 31, 2014 and 2013 have been prepared as if the acquisition of the gaming assets of GemGroup had occurred at January 1, 2013 ( in thousands, except per share data): | ||||||||
Year Ended | ||||||||
December 31, | ||||||||
2014 | 2013 | |||||||
Net revenues | $ | 73,353 | $ | 77,936 | ||||
Net income attributable to common stockholders | 2,111 | 3,035 | ||||||
Earnings per share—Basic | 0.27 | 0.38 | ||||||
Earnings per share—Diluted | 0.26 | 0.38 | ||||||
The unaudited pro forma consolidated results of operations do not purport to be indicative of the results that would have been obtained if the above acquisition had actually occurred as of the dates indicated or of those results that may be obtained in the future. These unaudited pro forma consolidated results of operations were derived, in part, from the historical financial statements of GemGroup and other available information and assumptions believed to be reasonable under the circumstances. | ||||||||
Cash_Cash_Equivalents_and_Mark
Cash, Cash Equivalents, and Marketable Securities | 12 Months Ended | |||||||||||||||||||
Dec. 31, 2014 | ||||||||||||||||||||
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): | ||||||||||||||||||||
2014 | 2013 | |||||||||||||||||||
Cash and Cash Equivalents | Marketable Securities | Total | Cash and Cash Equivalents | Marketable Securities | Total | |||||||||||||||
United States | $ | 3,160 | $ | - | $ | 3,160 | $ | 11,052 | $ | - | $ | 11,052 | ||||||||
France | 644 | 3,597 | 4,241 | 344 | 5,724 | 6,068 | ||||||||||||||
Macau S.A.R., China | 5,165 | - | 5,165 | 3,096 | - | 3,096 | ||||||||||||||
Total | $ | 8,969 | $ | 3,597 | $ | 12,566 | $ | 14,492 | $ | 5,724 | $ | 20,216 | ||||||||
Available-for-sale marketable securities consist of investments in securities such as certificates of deposit offered by French and U.S. banks, and bond mutual funds (in thousands): | ||||||||||||||||||||
2014 | 2013 | |||||||||||||||||||
Cost | Unrealized Gain/(Loss) | Fair Value | Cost | Unrealized Gain/(Loss) | Fair Value | |||||||||||||||
Certificates of deposit | $ | 1,215 | $ | - | $ | 1,215 | $ | 4,680 | $ | - | $ | 4,680 | ||||||||
Bond mutual funds | 2,382 | - | 2,382 | 1,044 | - | 1,044 | ||||||||||||||
Total marketable securities | $ | 3,597 | $ | - | $ | 3,597 | $ | 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. 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, 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 December 31, 2014, one Macau casino customer, whose account is current, accounted for 30% of our accounts receivable balance At December 31, 2013, one Macau casino customer accounted for 10% of our accounts receivable balance. | |||||||||||||||||
The allowance for doubtful accounts consists of the following (in thousands): | |||||||||||||||||
Balance at Beginning of Year | Provision (Benefit) | Write-offs, Net of Recoveries | Exchange Rate Effect | Balance at End of Year | |||||||||||||
2014 | $ | 114 | $ | 193 | $ | -5 | $ | - | $ | 302 | |||||||
2013 | $ | 152 | $ | -39 | $ | - | $ | 1 | $ | 114 | |||||||
Inventories
Inventories | 12 Months Ended | |||||||
Dec. 31, 2014 | ||||||||
Inventory Disclosure [Abstract] | ||||||||
Inventory Disclosure [Text Block] | Note 5. Inventories | |||||||
Inventories consist of the following at December 31 (in thousands): | ||||||||
2014 | 2013 | |||||||
Raw materials | $ | 5,747 | $ | 4,957 | ||||
Work in progress | 1,257 | 937 | ||||||
Finished goods | 2,582 | 1,688 | ||||||
Total inventories | $ | 9,586 | $ | 7,582 | ||||
At December 31, 2014 and December 31, 2013, 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): | ||||||||
2014 | 2013 | |||||||
Current | $ | 9,063 | $ | 7,407 | ||||
Non-current | 523 | 175 | ||||||
Total inventories | $ | 9,586 | $ | 7,582 | ||||
Other_Current_Assets
Other Current Assets | 12 Months Ended | |||||||
Dec. 31, 2014 | ||||||||
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] | ||||||||
Other Current Assets [Text Block] | Note 6. Other Current Assets | |||||||
Other current assets consist of the following at December 31 (in thousands): | ||||||||
2014 | 2013 | |||||||
Deposits | $ | 648 | $ | 214 | ||||
Income tax-related assets | 1,284 | 2,331 | ||||||
Refundable value-added tax | 395 | 312 | ||||||
Other | -54 | 197 | ||||||
Total other current assets | $ | 2,273 | $ | 3,054 | ||||
Property_and_Equipment
Property and Equipment | 12 Months Ended | |||||||
Dec. 31, 2014 | ||||||||
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): | ||||||||
2014 | 2013 | |||||||
Land | $ | 1,784 | $ | 1,792 | ||||
Buildings and improvements | 9,857 | 8,897 | ||||||
Equipment and furniture | 26,033 | 21,801 | ||||||
Vehicles | 368 | 475 | ||||||
38,042 | 32,965 | |||||||
Less accumulated depreciation | -22,955 | -21,969 | ||||||
Property and equipment, net | $ | 15,087 | $ | 10,996 | ||||
Depreciation expense for the years ended December 31, 2014 and 2013 was $2,597 and $2,290, respectively. | ||||||||
Goodwill_and_Intangible_Assets
Goodwill and Intangible Assets | 12 Months Ended | |||||||||||||||||||
Dec. 31, 2014 | ||||||||||||||||||||
Goodwill and Intangible Assets Disclosure [Abstract] | ||||||||||||||||||||
Intangible Assets Disclosure [Text Block] | Note 8. Goodwill and Intangible Assets | |||||||||||||||||||
In connection with the GemGroup Acquisition (see Note 2), as of July 1, 2014 based on the purchase price allocation, we acquired $10.3 million of goodwill and $2.0 million of intangible assets, including a trademark, a customer list, and a non-compete agreement. | ||||||||||||||||||||
Intangible assets consist of the following at December 31 (in thousands): | ||||||||||||||||||||
2014 | 2013 | |||||||||||||||||||
Gross Carrying Amount | Accum Amort | Net Carrying Amount | Gross Carrying Amount | Accum Amort | Net Carrying Amount | |||||||||||||||
Trademarks | $ | 1,742 | $ | -327 | $ | 1,415 | $ | 631 | $ | -240 | $ | 391 | ||||||||
Customer list | 1,298 | -107 | 1,191 | 513 | -30 | 483 | ||||||||||||||
Patents | 542 | -503 | 39 | 517 | -480 | 37 | ||||||||||||||
Other intangible assets | 207 | -58 | 149 | 103 | -29 | 74 | ||||||||||||||
Total intangible assets | $ | 3,789 | $ | -995 | $ | 2,794 | $ | 1,764 | $ | -779 | $ | 985 | ||||||||
Amortization expense for intangible assets for the years ended December 31, 2014 and 2013 was $218 and $136, respectively. | ||||||||||||||||||||
The following table provides estimated amortization expense for the years ending December 31 (in thousands): | ||||||||||||||||||||
Amortization | ||||||||||||||||||||
Year | Expense | |||||||||||||||||||
2015 | $ | 297 | ||||||||||||||||||
2016 | 279 | |||||||||||||||||||
2017 | 258 | |||||||||||||||||||
2018 | 240 | |||||||||||||||||||
2019 | 234 | |||||||||||||||||||
Thereafter | 1,486 | |||||||||||||||||||
Total | $ | 2,794 | ||||||||||||||||||
Accrued_Liabilities
Accrued Liabilities | 12 Months Ended | |||||||
Dec. 31, 2014 | ||||||||
Accrued Liabilities [Abstract] | ||||||||
Accrued Liabilities Disclosure [Text Block] | Note 9. Accrued Liabilities | |||||||
Accrued liabilities consist of the following at December 31 (in thousands): | ||||||||
2014 | 2013 | |||||||
Accrued salaries, wages, and related costs | $ | 977 | $ | 879 | ||||
Accrued vacation | 894 | 830 | ||||||
Miscellaneous taxes | 632 | 488 | ||||||
Accrued bonuses and commissions | 604 | 104 | ||||||
Other | 799 | 617 | ||||||
Total accrued liabilities | $ | 3,906 | $ | 2,918 | ||||
Debt
Debt | 12 Months Ended |
Dec. 31, 2014 | |
Debt Disclosure [Abstract] | |
Debt Disclosure [Text Block] | Note 10. Debt |
On June 26, 2014, GPI USA and HSBC Bank USA, National Association, 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 GemGroup Acquisition (see Note 2). 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 30 of each year. | |
Commitments_and_Contingencies
Commitments and Contingencies | 12 Months Ended | ||||
Dec. 31, 2014 | |||||
Commitments and Contingencies Disclosure [Abstract] | |||||
Commitments and Contingencies Disclosure [Text Block] | Note 11. 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, 2014 and 2013 was $749 and $709, respectively. | |||||
The following schedule reflects our future minimum lease payments under operating leases, including related-party payments (see Note 20) for the years ending December 31 (in thousands): | |||||
Minimum | |||||
Lease | |||||
Year | Payments | ||||
2015 | $ | 745 | |||
2016 | 522 | ||||
2017 | 482 | ||||
2018 | 456 | ||||
2019 | 76 | ||||
Total | $ | 2,281 | |||
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. | |||||
From time to time 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, but the outcome of these actions is inherently difficult to predict. There can be no assurance that we will prevail in any such litigation. 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. | |||||
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 $679,050 as of December 31, 2014. | |||||
Accumulated_Other_Comprehensiv
Accumulated Other Comprehensive Income | 12 Months Ended | |||||||
Dec. 31, 2014 | ||||||||
Equity [Abstract] | ||||||||
Comprehensive Income (Loss) Note [Text Block] | Note 12. Accumulated Other Comprehensive Income | |||||||
Accumulated other comprehensive income consists of the following at December 31 (in thousands): | ||||||||
2014 | 2013 | |||||||
Foreign currency translation | $ | -322 | $ | 1,676 | ||||
Unrealized gain on securities, net of tax | 1 | 1 | ||||||
Total accumulated other comprehensive (loss) income | $ | -321 | $ | 1,677 | ||||
Geographic_and_Product_Line_In
Geographic and Product Line Information | 12 Months Ended | |||||||||||||||
Dec. 31, 2014 | ||||||||||||||||
Segment Reporting [Abstract] | ||||||||||||||||
Segment Reporting Disclosure [Text Block] | Note 13. 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 S.A.R.; 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): | ||||||||||||||||
2014 | 2013 | |||||||||||||||
Revenues | ||||||||||||||||
The Americas | $ | 36,367 | 59.7 | % | $ | 31,096 | 55.3 | % | ||||||||
Asia-Pacific | 21,410 | 35.1 | % | 21,003 | 37.4 | % | ||||||||||
Europe and Africa | 3,195 | 5.2 | % | 4,074 | 7.3 | % | ||||||||||
Total | $ | 60,972 | 100 | % | $ | 56,173 | 100 | % | ||||||||
The following table represents our net sales by product line for the years ended December 31 (in thousands): | ||||||||||||||||
2014 | 2013 | |||||||||||||||
Casino currency without RFID | $ | 14,511 | 23.8 | % | $ | 20,327 | 36.2 | % | ||||||||
Casino currency with RFID | 14,315 | 23.5 | % | 12,237 | 21.8 | % | ||||||||||
Total casino currency | 28,826 | 47.3 | % | 32,564 | 58 | % | ||||||||||
Playing cards | 15,139 | 24.8 | % | 6,526 | 11.6 | % | ||||||||||
Table layouts | 5,352 | 8.8 | % | 4,314 | 7.7 | % | ||||||||||
Table accessories and other products | 3,303 | 5.4 | % | 3,494 | 6.2 | % | ||||||||||
Dice | 2,452 | 4 | % | 2,489 | 4.4 | % | ||||||||||
Gaming furniture | 1,957 | 3.2 | % | 2,410 | 4.3 | % | ||||||||||
RFID solutions | 1,566 | 2.6 | % | 2,566 | 4.6 | % | ||||||||||
Shipping | 2,377 | 3.9 | % | 1,810 | 3.2 | % | ||||||||||
Total | $ | 60,972 | 100 | % | $ | 56,173 | 100 | % | ||||||||
In 2014, we had one casino customer that accounted for 12% of revenues. | ||||||||||||||||
The following table represents our property and equipment, net by geographic area at December 31 (in thousands): | ||||||||||||||||
2014 | 2013 | |||||||||||||||
Property and equipment, net: | ||||||||||||||||
United States | $ | 8,199 | $ | 2,987 | ||||||||||||
France | 3,699 | 4,502 | ||||||||||||||
Mexico | 3,055 | 3,360 | ||||||||||||||
Asia | 134 | 147 | ||||||||||||||
Total | $ | 15,087 | $ | 10,996 | ||||||||||||
The following table represents our intangible assets, net by geographic area at December 31 (in thousands): | ||||||||||||||||
2014 | 2013 | |||||||||||||||
Intangible assets, net: | ||||||||||||||||
United States | $ | 2,249 | $ | 964 | ||||||||||||
Asia | 535 | - | ||||||||||||||
France | 10 | 21 | ||||||||||||||
Total | $ | 2,794 | $ | 985 | ||||||||||||
Pension_Plans
Pension Plans | 12 Months Ended | |||||||
Dec. 31, 2014 | ||||||||
Compensation and Retirement Disclosure [Abstract] | ||||||||
Pension and Other Postretirement Benefits Disclosure [Text Block] | Note 14. Pension Plans | |||||||
For employees of GPI SAS, we sponsor a non-contributory, defined-benefit pension plan (the 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 12 months prior to retirement. The following amounts relate to the Pension Plan at December 31 (in thousands): | ||||||||
2014 | 2013 | |||||||
Change in benefit obligation: | ||||||||
Benefit obligation at beginning of year | $ | 472 | $ | 427 | ||||
Service cost | 31 | 32 | ||||||
Interest cost | 16 | 14 | ||||||
Actuarial (gain) loss | 13 | -19 | ||||||
Effect of foreign exchange rate changes | -60 | 19 | ||||||
Benefit obligation at end of year | $ | 472 | $ | 472 | ||||
Change in plan assets: | ||||||||
Fair value of plan assets at beginning of year | $ | 466 | $ | 431 | ||||
Actual return on plan assets | -11 | 17 | ||||||
Effect of foreign exchange rate changes | -54 | 19 | ||||||
Fair value of plan assets at end of year | 401 | 466 | ||||||
Funded status and accrued benefit cost | $ | -71 | $ | -5 | ||||
At December 31, 2014, the accrued benefit cost of $71 was recognized in the consolidated balance sheets in other liabilities. | ||||||||
Pension Plan assets are measured using a Level 1 valuation methodology and consist of the following asset funds at December 31 (in thousands): | ||||||||
2014 | 2013 | |||||||
Worldwide bond fund | $ | 186 | $ | 199 | ||||
Guaranteed equity fund | 73 | 156 | ||||||
European equity fund | 142 | 112 | ||||||
Fair value of plan assets at end of year | $ | 401 | $ | 467 | ||||
GPIC management is responsible for our investment strategy of growing Pension Plan assets, while maintaining a reasonable amount of risk over the long-term investment horizon. In order to reduce risk, Pension Plan assets are diversified across several classes of investments. We did not make any contribution to the Pension Plan in either 2014 or 2013. | ||||||||
The weighted-average assumptions used in the valuation of pension benefits are as follows as of December 31: | ||||||||
2014 | 2013 | |||||||
Assumptions: | ||||||||
Discount rate | 2 | % | 3.25 | % | ||||
Rate of compensation increase | 2 | % | 3 | % | ||||
Net pension expense consisted of the following for the years ended December 31 (in thousands): | ||||||||
2014 | 2013 | |||||||
Service-cost benefits earned during the period | $ | 31 | $ | 32 | ||||
Interest expense on benefit obligation | 16 | 14 | ||||||
Actual (return) on plan assets | 11 | -17 | ||||||
Actuarial loss | 13 | -19 | ||||||
Net pension expense | $ | 71 | $ | 10 | ||||
Projected benefit payments from the Pension Plan as of December 31, 2014 are estimated at $9.5 for 2015 through 2018, and an aggregate of $118 for 2019 through 2023. | ||||||||
We also sponsor a 401(k) plan for employees in the United States (the 401K Plan) who have worked for us for over six months and are 21 years of age or older. Company contributions to the 401K Plan are based on the amounts contributed by eligible employees. Eligible employees can elect to contribute into the 401K Plan up to the lesser of the IRS annual limit or 15 percent of their earnings. We contribute $0.50 for each $1.00 contributed by a participant in the 401K Plan up to 4 percent of the participant’s wages. The Company contributions made to the 401K Plan for the years ended December 31, 2014 and 2013 were $75 and $54, respectively. | ||||||||
Stockholders_Equity
Stockholder's Equity | 12 Months Ended |
Dec. 31, 2014 | |
Stockholders' Equity Note [Abstract] | |
Stockholders' Equity Note Disclosure [Text Block] | Note 15. 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. During the year ended December 31, 2013, we repurchased 129,810 shares of our common stock under this program at a cost of $1.0 million, or a weighted-average price of $7.80 per share. From the program’s inception through December 31, 2013, we repurchased an aggregate of 282,922 shares of our common stock at a cost of $2.1 million, or a weighted-average price of $7.30 per share. No shares were purchased during 2014. As of December 31, 2014, 215,590 shares remain authorized for repurchase. | |
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. On August 5, 2013, the Board of Directors elected to terminate our 10b5-1 trading plan, effective August 12, 2013, and to cease any repurchase of our stock under the repurchase program for a minimum of six months after that date. While the 10b5-1 trading 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. | |
Stock_Option_Programs_and_Shar
Stock Option Programs and Share-based Compensation Expense | 12 Months Ended | |||||||||||
Dec. 31, 2014 | ||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Text Block] | Note 16. 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 (the 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 2014 or 2013. | ||||||||||||
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, 2014 and 2013: | ||||||||||||
Shares | Weighted- Average Exercise | Weighted- Average | Aggregate Intrinsic Value (in | |||||||||
Price | Remaining Contractual Term | thousands) | ||||||||||
(Years) | ||||||||||||
Outstanding at January 1, 2013 | 331,500 | $ | 7.49 | |||||||||
Granted | 27,000 | 8.1 | ||||||||||
Outstanding at December 31, 2013 | 358,500 | 7.54 | ||||||||||
Granted | 25,500 | 8.18 | ||||||||||
Outstanding at December 31, 2014 | 384,000 | $ | 7.6 | 5 | $ | 683 | ||||||
Exercisable at December 31, 2014 | 368,500 | $ | 7.57 | 4.8 | $ | 680 | ||||||
For the years ended December 31, 2014 and 2013, 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. | ||||||||||||
2014 | 2013 | |||||||||||
Option valuation assumptions: | ||||||||||||
Dividend yield | 1.1 | % | 1.2 | % | ||||||||
Expected volatility | 40.3 | % | 49.3 | % | ||||||||
Risk-free interest rate | 1.65 | % | 1.11 | % | ||||||||
Expected term of options | 5.6 yrs | 5.6 yrs | ||||||||||
Weighted-average fair value of options | ||||||||||||
granted during the period | $ | 2.99 | $ | 3.36 | ||||||||
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): | ||||||||||||
2014 | 2013 | |||||||||||
Share-based compensation | $ | 115 | $ | 208 | ||||||||
Estimated tax benefit | -41 | -75 | ||||||||||
Total share-based compensation, net of tax benefit | $ | 74 | $ | 133 | ||||||||
Other_Income_and_Expense
Other Income and Expense | 12 Months Ended | |||||||
Dec. 31, 2014 | ||||||||
Other Income and Expenses [Abstract] | ||||||||
Other Income and Other Expense Disclosure [Text Block] | Note 17. Other Income and Expense | |||||||
Other income and expense consists of the following for the years ended December 31 (in thousands): | ||||||||
2014 | 2013 | |||||||
Interest income | $ | 138 | $ | 223 | ||||
Interest expense | -127 | -9 | ||||||
Gain (loss) on foreign currency transactions | 214 | -224 | ||||||
Other income, net | 2 | 14 | ||||||
Total other income and (expense) | $ | 227 | $ | 4 | ||||
Income_Taxes
Income Taxes | 12 Months Ended | ||||||||
Dec. 31, 2014 | |||||||||
Income Tax Disclosure [Abstract] | |||||||||
Income Tax Disclosure [Text Block] | Note 18. Income Taxes | ||||||||
The following table provides an analysis of our provision for income taxes for the years ended December 31 (in thousands): | |||||||||
2014 | 2013 | ||||||||
Current: | |||||||||
US Federal | $ | - | $ | -8 | |||||
US State | 23 | 40 | |||||||
Foreign | 390 | -643 | |||||||
Total Current | 413 | -611 | |||||||
Deferred: | |||||||||
US Federal | -631 | -257 | |||||||
US State | -37 | -47 | |||||||
Foreign | -6 | 372 | |||||||
Total Deferred | -674 | 68 | |||||||
Income tax provision | $ | -261 | $ | -543 | |||||
Income before income taxes consisted of the following for the years ended December 31 (in thousands): | |||||||||
2014 | 2013 | ||||||||
Foreign | $ | 3,981 | $ | 1,002 | |||||
United States | -1,566 | -379 | |||||||
Income before income taxes | $ | 2,415 | $ | 623 | |||||
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: | |||||||||
2014 | 2013 | ||||||||
Computed expected income tax expense | 34 | % | 34 | % | |||||
State income taxes, net of federal benefits | (0.7 | %) | 3.9 | % | |||||
Subpart F income adjustment | 8.6 | % | 29.2 | % | |||||
Foreign rate differential (excl. Research Credit) | (26.2 | %) | (67.8 | %) | |||||
Change in valuation allowance | (13.9 | %) | (27.4 | %) | |||||
French research and low wage credit | (14.6 | %) | (62.4 | %) | |||||
True-ups | 0.6 | % | (3.1 | %) | |||||
Other, net | 1.3 | % | 6.3 | % | |||||
Income tax expense | (10.8 | %) | (87.2 | %) | |||||
The primary components of net deferred income tax assets at December 31 are as follows (in thousands): | |||||||||
2014 | 2013 | ||||||||
Deferred tax assets: | |||||||||
Tax credits | $ | 4,392 | $ | 3,887 | |||||
Fixed assets | 893 | 748 | |||||||
Stock compensation | 605 | 565 | |||||||
French deferred assets | 345 | 188 | |||||||
Bad debt reserves and inventory | 463 | 321 | |||||||
Intangibles | - | 36 | |||||||
Operating loss carry forwards | 36 | 655 | |||||||
Other | 102 | 20 | |||||||
Total gross deferred tax assets | 6,836 | 6,420 | |||||||
Less: valuation allowance | -2,024 | -2,149 | |||||||
Total net deferred tax assets | 4,812 | 4,271 | |||||||
Deferred tax liabilities: | |||||||||
Excess book basis in shares of GPI-SAS | 1,503 | 1,249 | |||||||
French deferred liabilities | 456 | 621 | |||||||
Intangibles | 111 | - | |||||||
Total deferred tax liabilities | 2,070 | 1,870 | |||||||
Deferred tax assets, net | $ | 2,742 | $ | 2,401 | |||||
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, 2014, we had a total of $4.4 million in foreign tax credits, of which $1.5 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, $1.2 million, $0.2 million and $0.1 million will expire in 2015, 2016, 2017, 2023 and 2024, respectively. As of December 31, 2014, we have a valuation allowance of $2.0 million related to foreign tax credit carryovers due to ongoing uncertainty of future foreign-source and US-taxable income. We have $0.9 million of foreign tax credit carryovers which are more-likely-than-not to be utilized before expiration. | |||||||||
As of December 31, 2014, we have state net operating loss carryforwards of $0.5 million which will expire from 2015 through 2034. 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 2011 through 2014 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 Macau Special Administrative Region - Financial Services Bureau for GPI Asia. | |||||||||
Earnings_per_Share_EPS
Earnings per Share (EPS) | 12 Months Ended | |||||||
Dec. 31, 2014 | ||||||||
Earnings Per Share [Abstract] | ||||||||
Earnings Per Share [Text Block] | Note 19. 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): | ||||||||
2014 | 2013 | |||||||
Weighted-average number of common shares outstanding - basic | 7,916 | 7,942 | ||||||
Potential dilution from equity grants | 99 | 87 | ||||||
Weighted-average number of common shares outstanding - diluted | 8,015 | 8,029 | ||||||
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, 2014 and 2013 totaled to 50 and 39, respectively. | ||||||||
Relatedparty_Transactions
Related-party Transactions | 12 Months Ended |
Dec. 31, 2014 | |
Related Party Transactions [Abstract] | |
Related Party Transactions Disclosure [Text Block] | Note 20. 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. | |
Nature_of_Business_and_Signifi1
Nature of Business and Significant Accounting Policies (Policies) | 12 Months Ended | |||
Dec. 31, 2014 | ||||
Accounting Policies [Abstract] | ||||
Consolidation, Policy [Policy Text Block] | Basis of Consolidation and Presentation. 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, accounts payable and debt 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 | Mar-40 | |||
Furniture and Equipment | 15-Feb | |||
Vehicles | 7-May | |||
Goodwill and Intangible Assets, Policy [Policy Text Block] | Goodwill. Goodwill is recorded when the consideration paid for an acquisition exceeds the fair value of net tangible and intangible assets acquired. Goodwill is measured and tested for impairment on an annual basis or more frequently if we believe indicators of impairment exist. We test goodwill for impairment using qualitative factors to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount, including goodwill. If it is not more likely than not that the fair value of the reporting unit is less than its carrying amount, no further testing is performed. If it is more likely than not than not that the fair value of the reporting unit is less than its carrying amount, we perform a quantitative two-step impairment test. The first step compares the fair value of the reporting unit with its carrying amount, including goodwill. If the carrying amount exceeds fair value, then the second step is used to measure the amount of impairment loss. | |||
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. 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. | |||
We occasionally enter 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 U.S. dollar at exchange rates at the balance sheet date. Revenues and expenses are translated into the U.S. 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 U.S. 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, 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. 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 ASU 2014-09 on its consolidated financial statements. | |||
Nature_of_Business_and_Signifi2
Nature of Business and Significant Accounting Policies (Tables) | 12 Months Ended | |||
Dec. 31, 2014 | ||||
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 | Mar-40 | |||
Furniture and Equipment | 15-Feb | |||
Vehicles | 7-May | |||
Acquisition_Tables
Acquisition (Tables) | 12 Months Ended | |||||||
Dec. 31, 2014 | ||||||||
Business Combinations [Abstract] | ||||||||
Schedule of Business Acquisitions by Acquisition, Contingent Consideration [Table Text Block] | The following table describes the acquisition consideration paid (dollars in thousands): | |||||||
Acquisition Consideration | ||||||||
Cash | $ | 19,750 | ||||||
Purchase agreement contingencies | 266 | |||||||
Total acquisition consideration | $ | 20,016 | ||||||
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block] | The allocation of the acquisition consideration is as follows (dollars in thousands): | |||||||
Accounts receivable | $ | 2,317 | ||||||
Inventories | 1,961 | |||||||
Prepaid expenses | 70 | |||||||
Other current assets | 40 | |||||||
Property and equipment | 5,126 | |||||||
Goodwill | 10,292 | |||||||
Intangible assets | 2,004 | |||||||
Accounts payable | -1,126 | |||||||
Accrued liabilities | -617 | |||||||
Other liabilities | -51 | |||||||
Total acquisition consideration | $ | 20,016 | ||||||
Business Acquisition, Pro Forma Information [Table Text Block] | The following unaudited pro forma consolidated results of operations for the fiscal year ended December 31, 2014 and 2013 have been prepared as if the acquisition of the gaming assets of GemGroup had occurred at January 1, 2013 ( in thousands, except per share data): | |||||||
Year Ended | ||||||||
December 31, | ||||||||
2014 | 2013 | |||||||
Net revenues | $ | 73,353 | $ | 77,936 | ||||
Net income attributable to common stockholders | 2,111 | 3,035 | ||||||
Earnings per share—Basic | 0.27 | 0.38 | ||||||
Earnings per share—Diluted | 0.26 | 0.38 | ||||||
Cash_Cash_Equivalents_and_Mark1
Cash, Cash Equivalents, and Marketable Securities (Tables) | 12 Months Ended | |||||||||||||||||||
Dec. 31, 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): | |||||||||||||||||||
2014 | 2013 | |||||||||||||||||||
Cash and Cash Equivalents | Marketable Securities | Total | Cash and Cash Equivalents | Marketable Securities | Total | |||||||||||||||
United States | $ | 3,160 | $ | - | $ | 3,160 | $ | 11,052 | $ | - | $ | 11,052 | ||||||||
France | 644 | 3,597 | 4,241 | 344 | 5,724 | 6,068 | ||||||||||||||
Macau S.A.R., China | 5,165 | - | 5,165 | 3,096 | - | 3,096 | ||||||||||||||
Total | $ | 8,969 | $ | 3,597 | $ | 12,566 | $ | 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 and U.S. banks, and bond mutual funds (in thousands): | |||||||||||||||||||
2014 | 2013 | |||||||||||||||||||
Cost | Unrealized Gain/(Loss) | Fair Value | Cost | Unrealized Gain/(Loss) | Fair Value | |||||||||||||||
Certificates of deposit | $ | 1,215 | $ | - | $ | 1,215 | $ | 4,680 | $ | - | $ | 4,680 | ||||||||
Bond mutual funds | 2,382 | - | 2,382 | 1,044 | - | 1,044 | ||||||||||||||
Total marketable securities | $ | 3,597 | $ | - | $ | 3,597 | $ | 5,724 | $ | - | $ | 5,724 | ||||||||
Accounts_Receivable_and_Allowa1
Accounts Receivable and Allowance for Doubtful Accounts (Tables) | 12 Months Ended | ||||||||||||||||
Dec. 31, 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 of Year | Provision (Benefit) | Write-offs, Net of Recoveries | Exchange Rate Effect | Balance at End of Year | |||||||||||||
2014 | $ | 114 | $ | 193 | $ | -5 | $ | - | $ | 302 | |||||||
2013 | $ | 152 | $ | -39 | $ | - | $ | 1 | $ | 114 | |||||||
Inventories_Tables
Inventories (Tables) | 12 Months Ended | |||||||
Dec. 31, 2014 | ||||||||
Inventory Disclosure [Abstract] | ||||||||
Schedule of Inventory, Current [Table Text Block] | Inventories consist of the following at December 31 (in thousands): | |||||||
2014 | 2013 | |||||||
Raw materials | $ | 5,747 | $ | 4,957 | ||||
Work in progress | 1,257 | 937 | ||||||
Finished goods | 2,582 | 1,688 | ||||||
Total inventories | $ | 9,586 | $ | 7,582 | ||||
Schedule of Inventory, Noncurrent [Table Text Block] | The classification of our inventories on our consolidated balance sheets is as follows (in thousands): | |||||||
2014 | 2013 | |||||||
Current | $ | 9,063 | $ | 7,407 | ||||
Non-current | 523 | 175 | ||||||
Total inventories | $ | 9,586 | $ | 7,582 | ||||
Other_Current_Assets_Tables
Other Current Assets (Tables) | 12 Months Ended | |||||||
Dec. 31, 2014 | ||||||||
Other Current Assets [Abstract] | ||||||||
Schedule of Other Current Assets [Table Text Block] | Other current assets consist of the following at December 31 (in thousands): | |||||||
2014 | 2013 | |||||||
Deposits | $ | 648 | $ | 214 | ||||
Income tax-related assets | 1,284 | 2,331 | ||||||
Refundable value-added tax | 395 | 312 | ||||||
Other | -54 | 197 | ||||||
Total other current assets | $ | 2,273 | $ | 3,054 | ||||
Property_and_Equipment_Tables
Property and Equipment (Tables) | 12 Months Ended | |||||||
Dec. 31, 2014 | ||||||||
Property, Plant and Equipment [Abstract] | ||||||||
Property, Plant and Equipment [Table Text Block] | Property and equipment consists of the following at December 31 (in thousands): | |||||||
2014 | 2013 | |||||||
Land | $ | 1,784 | $ | 1,792 | ||||
Buildings and improvements | 9,857 | 8,897 | ||||||
Equipment and furniture | 26,033 | 21,801 | ||||||
Vehicles | 368 | 475 | ||||||
38,042 | 32,965 | |||||||
Less accumulated depreciation | -22,955 | -21,969 | ||||||
Property and equipment, net | $ | 15,087 | $ | 10,996 | ||||
Goodwill_and_Intangible_Assets1
Goodwill and Intangible Assets (Tables) | 12 Months Ended | |||||||||||||||||||
Dec. 31, 2014 | ||||||||||||||||||||
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): | |||||||||||||||||||
2014 | 2013 | |||||||||||||||||||
Gross Carrying Amount | Accum Amort | Net Carrying Amount | Gross Carrying Amount | Accum Amort | Net Carrying Amount | |||||||||||||||
Trademarks | $ | 1,742 | $ | -327 | $ | 1,415 | $ | 631 | $ | -240 | $ | 391 | ||||||||
Customer list | 1,298 | -107 | 1,191 | 513 | -30 | 483 | ||||||||||||||
Patents | 542 | -503 | 39 | 517 | -480 | 37 | ||||||||||||||
Other intangible assets | 207 | -58 | 149 | 103 | -29 | 74 | ||||||||||||||
Total intangible assets | $ | 3,789 | $ | -995 | $ | 2,794 | $ | 1,764 | $ | -779 | $ | 985 | ||||||||
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): | |||||||||||||||||||
Amortization | ||||||||||||||||||||
Year | Expense | |||||||||||||||||||
2015 | $ | 297 | ||||||||||||||||||
2016 | 279 | |||||||||||||||||||
2017 | 258 | |||||||||||||||||||
2018 | 240 | |||||||||||||||||||
2019 | 234 | |||||||||||||||||||
Thereafter | 1,486 | |||||||||||||||||||
Total | $ | 2,794 | ||||||||||||||||||
Accrued_Liabilities_Tables
Accrued Liabilities (Tables) | 12 Months Ended | |||||||
Dec. 31, 2014 | ||||||||
Accrued Liabilities [Abstract] | ||||||||
Schedule of Accrued Liabilities [Table Text Block] | Accrued liabilities consist of the following at December 31 (in thousands): | |||||||
2014 | 2013 | |||||||
Accrued salaries, wages, and related costs | $ | 977 | $ | 879 | ||||
Accrued vacation | 894 | 830 | ||||||
Miscellaneous taxes | 632 | 488 | ||||||
Accrued bonuses and commissions | 604 | 104 | ||||||
Other | 799 | 617 | ||||||
Total accrued liabilities | $ | 3,906 | $ | 2,918 | ||||
Commitments_and_Contingencies_
Commitments and Contingencies (Tables) | 12 Months Ended | ||||
Dec. 31, 2014 | |||||
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 20) for the years ending December 31 (in thousands): | ||||
Minimum | |||||
Lease | |||||
Year | Payments | ||||
2015 | $ | 745 | |||
2016 | 522 | ||||
2017 | 482 | ||||
2018 | 456 | ||||
2019 | 76 | ||||
Total | $ | 2,281 | |||
Accumulated_Other_Comprehensiv1
Accumulated Other Comprehensive Income (Tables) | 12 Months Ended | |||||||
Dec. 31, 2014 | ||||||||
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): | |||||||
2014 | 2013 | |||||||
Foreign currency translation | $ | -322 | $ | 1,676 | ||||
Unrealized gain on securities, net of tax | 1 | 1 | ||||||
Total accumulated other comprehensive (loss) income | $ | -321 | $ | 1,677 | ||||
Geographic_and_Product_Line_In1
Geographic and Product Line Information (Tables) | 12 Months Ended | |||||||||||||||
Dec. 31, 2014 | ||||||||||||||||
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): | |||||||||||||||
2014 | 2013 | |||||||||||||||
Revenues | ||||||||||||||||
The Americas | $ | 36,367 | 59.7 | % | $ | 31,096 | 55.3 | % | ||||||||
Asia-Pacific | 21,410 | 35.1 | % | 21,003 | 37.4 | % | ||||||||||
Europe and Africa | 3,195 | 5.2 | % | 4,074 | 7.3 | % | ||||||||||
Total | $ | 60,972 | 100 | % | $ | 56,173 | 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): | |||||||||||||||
2014 | 2013 | |||||||||||||||
Casino currency without RFID | $ | 14,511 | 23.8 | % | $ | 20,327 | 36.2 | % | ||||||||
Casino currency with RFID | 14,315 | 23.5 | % | 12,237 | 21.8 | % | ||||||||||
Total casino currency | 28,826 | 47.3 | % | 32,564 | 58 | % | ||||||||||
Playing cards | 15,139 | 24.8 | % | 6,526 | 11.6 | % | ||||||||||
Table layouts | 5,352 | 8.8 | % | 4,314 | 7.7 | % | ||||||||||
Table accessories and other products | 3,303 | 5.4 | % | 3,494 | 6.2 | % | ||||||||||
Dice | 2,452 | 4 | % | 2,489 | 4.4 | % | ||||||||||
Gaming furniture | 1,957 | 3.2 | % | 2,410 | 4.3 | % | ||||||||||
RFID solutions | 1,566 | 2.6 | % | 2,566 | 4.6 | % | ||||||||||
Shipping | 2,377 | 3.9 | % | 1,810 | 3.2 | % | ||||||||||
Total | $ | 60,972 | 100 | % | $ | 56,173 | 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): | |||||||||||||||
2014 | 2013 | |||||||||||||||
Property and equipment, net: | ||||||||||||||||
United States | $ | 8,199 | $ | 2,987 | ||||||||||||
France | 3,699 | 4,502 | ||||||||||||||
Mexico | 3,055 | 3,360 | ||||||||||||||
Asia | 134 | 147 | ||||||||||||||
Total | $ | 15,087 | $ | 10,996 | ||||||||||||
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): | |||||||||||||||
2014 | 2013 | |||||||||||||||
Intangible assets, net: | ||||||||||||||||
United States | $ | 2,249 | $ | 964 | ||||||||||||
Asia | 535 | - | ||||||||||||||
France | 10 | 21 | ||||||||||||||
Total | $ | 2,794 | $ | 985 | ||||||||||||
Pension_Plans_Tables
Pension Plans (Tables) | 12 Months Ended | |||||||
Dec. 31, 2014 | ||||||||
Compensation and Retirement Disclosure [Abstract] | ||||||||
Schedule of Defined Benefit Plans Disclosures [Table Text Block] | The following amounts relate to the Pension Plan at December 31 (in thousands): | |||||||
2014 | 2013 | |||||||
Change in benefit obligation: | ||||||||
Benefit obligation at beginning of year | $ | 472 | $ | 427 | ||||
Service cost | 31 | 32 | ||||||
Interest cost | 16 | 14 | ||||||
Actuarial (gain) loss | 13 | -19 | ||||||
Effect of foreign exchange rate changes | -60 | 19 | ||||||
Benefit obligation at end of year | $ | 472 | $ | 472 | ||||
Change in plan assets: | ||||||||
Fair value of plan assets at beginning of year | $ | 466 | $ | 431 | ||||
Actual return on plan assets | -11 | 17 | ||||||
Effect of foreign exchange rate changes | -54 | 19 | ||||||
Fair value of plan assets at end of year | 401 | 466 | ||||||
Funded status and accrued benefit cost | $ | -71 | $ | -5 | ||||
Schedule of Benefit Obligations in Excess of Fair Value of Plan Assets [Table Text Block] | Pension Plan assets are measured using a Level 1 valuation methodology and consist of the following asset funds at December 31 (in thousands): | |||||||
2014 | 2013 | |||||||
Worldwide bond fund | $ | 186 | $ | 199 | ||||
Guaranteed equity fund | 73 | 156 | ||||||
European equity fund | 142 | 112 | ||||||
Fair value of plan assets at end of year | $ | 401 | $ | 467 | ||||
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: | |||||||
2014 | 2013 | |||||||
Assumptions: | ||||||||
Discount rate | 2 | % | 3.25 | % | ||||
Rate of compensation increase | 2 | % | 3 | % | ||||
Schedule of Net Benefit Costs [Table Text Block] | Net pension expense consisted of the following for the years ended December 31 (in thousands): | |||||||
2014 | 2013 | |||||||
Service-cost benefits earned during the period | $ | 31 | $ | 32 | ||||
Interest expense on benefit obligation | 16 | 14 | ||||||
Actual (return) on plan assets | 11 | -17 | ||||||
Actuarial loss | 13 | -19 | ||||||
Net pension expense | $ | 71 | $ | 10 | ||||
Stock_Option_Programs_and_Shar1
Stock Option Programs and Share-based Compensation Expense (Tables) | 12 Months Ended | |||||||||||
Dec. 31, 2014 | ||||||||||||
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, 2014 and 2013: | |||||||||||
Shares | Weighted- Average Exercise | Weighted- Average | Aggregate Intrinsic Value (in | |||||||||
Price | Remaining Contractual Term | thousands) | ||||||||||
(Years) | ||||||||||||
Outstanding at January 1, 2013 | 331,500 | $ | 7.49 | |||||||||
Granted | 27,000 | 8.1 | ||||||||||
Outstanding at December 31, 2013 | 358,500 | 7.54 | ||||||||||
Granted | 25,500 | 8.18 | ||||||||||
Outstanding at December 31, 2014 | 384,000 | $ | 7.6 | 5 | $ | 683 | ||||||
Exercisable at December 31, 2014 | 368,500 | $ | 7.57 | 4.8 | $ | 680 | ||||||
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block] | The following table summarizes the weighted-average assumptions used, and related information, for option activity for the periods indicated. | |||||||||||
2014 | 2013 | |||||||||||
Option valuation assumptions: | ||||||||||||
Dividend yield | 1.1 | % | 1.2 | % | ||||||||
Expected volatility | 40.3 | % | 49.3 | % | ||||||||
Risk-free interest rate | 1.65 | % | 1.11 | % | ||||||||
Expected term of options | 5.6 yrs | 5.6 yrs | ||||||||||
Weighted-average fair value of options | ||||||||||||
granted during the period | $ | 2.99 | $ | 3.36 | ||||||||
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): | |||||||||||
2014 | 2013 | |||||||||||
Share-based compensation | $ | 115 | $ | 208 | ||||||||
Estimated tax benefit | -41 | -75 | ||||||||||
Total share-based compensation, net of tax benefit | $ | 74 | $ | 133 | ||||||||
Other_Income_and_Expense_Table
Other Income and Expense (Tables) | 12 Months Ended | |||||||
Dec. 31, 2014 | ||||||||
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): | |||||||
2014 | 2013 | |||||||
Interest income | $ | 138 | $ | 223 | ||||
Interest expense | -127 | -9 | ||||||
Gain (loss) on foreign currency transactions | 214 | -224 | ||||||
Other income, net | 2 | 14 | ||||||
Total other income and (expense) | $ | 227 | $ | 4 | ||||
Income_Taxes_Tables
Income Taxes (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2014 | |||||||||
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): | ||||||||
2014 | 2013 | ||||||||
Current: | |||||||||
US Federal | $ | - | $ | -8 | |||||
US State | 23 | 40 | |||||||
Foreign | 390 | -643 | |||||||
Total Current | 413 | -611 | |||||||
Deferred: | |||||||||
US Federal | -631 | -257 | |||||||
US State | -37 | -47 | |||||||
Foreign | -6 | 372 | |||||||
Total Deferred | -674 | 68 | |||||||
Income tax provision | $ | -261 | $ | -543 | |||||
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): | ||||||||
2014 | 2013 | ||||||||
Foreign | $ | 3,981 | $ | 1,002 | |||||
United States | -1,566 | -379 | |||||||
Income before income taxes | $ | 2,415 | $ | 623 | |||||
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: | ||||||||
2014 | 2013 | ||||||||
Computed expected income tax expense | 34 | % | 34 | % | |||||
State income taxes, net of federal benefits | (0.7 | %) | 3.9 | % | |||||
Subpart F income adjustment | 8.6 | % | 29.2 | % | |||||
Foreign rate differential (excl. Research Credit) | (26.2 | %) | (67.8 | %) | |||||
Change in valuation allowance | (13.9 | %) | (27.4 | %) | |||||
French research and low wage credit | (14.6 | %) | (62.4 | %) | |||||
True-ups | 0.6 | % | (3.1 | %) | |||||
Other, net | 1.3 | % | 6.3 | % | |||||
Income tax expense | (10.8 | %) | (87.2 | %) | |||||
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): | ||||||||
2014 | 2013 | ||||||||
Deferred tax assets: | |||||||||
Tax credits | $ | 4,392 | $ | 3,887 | |||||
Fixed assets | 893 | 748 | |||||||
Stock compensation | 605 | 565 | |||||||
French deferred assets | 345 | 188 | |||||||
Bad debt reserves and inventory | 463 | 321 | |||||||
Intangibles | - | 36 | |||||||
Operating loss carry forwards | 36 | 655 | |||||||
Other | 102 | 20 | |||||||
Total gross deferred tax assets | 6,836 | 6,420 | |||||||
Less: valuation allowance | -2,024 | -2,149 | |||||||
Total net deferred tax assets | 4,812 | 4,271 | |||||||
Deferred tax liabilities: | |||||||||
Excess book basis in shares of GPI-SAS | 1,503 | 1,249 | |||||||
French deferred liabilities | 456 | 621 | |||||||
Intangibles | 111 | - | |||||||
Total deferred tax liabilities | 2,070 | 1,870 | |||||||
Deferred tax assets, net | $ | 2,742 | $ | 2,401 | |||||
Earnings_per_Share_EPS_Tables
Earnings per Share (EPS) (Tables) | 12 Months Ended | |||||||
Dec. 31, 2014 | ||||||||
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): | |||||||
2014 | 2013 | |||||||
Weighted-average number of common shares outstanding - basic | 7,916 | 7,942 | ||||||
Potential dilution from equity grants | 99 | 87 | ||||||
Weighted-average number of common shares outstanding - diluted | 8,015 | 8,029 | ||||||
Nature_of_Business_and_Signifi3
Nature of Business and Significant Accounting Policies (Details) | 12 Months Ended |
Dec. 31, 2014 | |
Building and Building Improvements [Member] | Maximum [Member] | |
Property, Plant and Equipment, Useful Life | 40 years |
Building and Building Improvements [Member] | Minimum [Member] | |
Property, Plant and Equipment, Useful Life | 3 years |
Furniture and Equipment [Member] | Maximum [Member] | |
Property, Plant and Equipment, Useful Life | 15 years |
Furniture and Equipment [Member] | Minimum [Member] | |
Property, Plant and Equipment, Useful Life | 2 years |
Vehicles [Member] | Maximum [Member] | |
Property, Plant and Equipment, Useful Life | 7 years |
Vehicles [Member] | Minimum [Member] | |
Property, Plant and Equipment, Useful Life | 5 years |
Nature_of_Business_and_Signifi4
Nature of Business and Significant Accounting Policies (Details Textual) (USD $) | Dec. 31, 2014 |
Cash, FDIC Insured Amount | $250,000 |
Acquisition_Details
Acquisition (Details) (GemGroup [Member], USD $) | 12 Months Ended |
In Thousands, unless otherwise specified | Dec. 31, 2014 |
GemGroup [Member] | |
Cash | $19,750 |
Purchase agreement contingencies | 266 |
Total acquisition consideration | $20,016 |
Acquisition_Details_1
Acquisition (Details 1) (USD $) | Dec. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Goodwill | $10,292 | $0 |
GemGroup [Member] | ||
Accounts receivable | 2,317 | |
Inventories | 1,961 | |
Prepaid expenses | 70 | |
Other current assets | 40 | |
Property and equipment | 5,126 | |
Goodwill | 10,292 | |
Intangible assets | 2,004 | |
Accounts payable | -1,126 | |
Accrued liabilities | -617 | |
Other liabilities | -51 | |
Total acquisition consideration | $20,016 |
Acquisition_Details_2
Acquisition (Details 2) (GemGroup [Member], USD $) | 12 Months Ended | |
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 |
GemGroup [Member] | ||
Net revenues | $73,353 | $77,936 |
Net income attributable to common stockholders | $2,111 | $3,035 |
Earnings per share - Basic (in dollars per share) | $0.27 | $0.38 |
Earnings per share - Diluted (in dollars per share) | $0.26 | $0.38 |
Acquisition_Details_Textual
Acquisition (Details Textual) (USD $) | 12 Months Ended |
Dec. 31, 2014 | |
Business Acquisition [Line Items] | |
Finite-lived Intangible Assets Acquired | $2,000,000 |
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life | 15 years |
Business Combination, Acquisition Related Costs | 300,000 |
Business Combination, Separately Recognized Transactions, Revenues and Gains Recognized | 11,200,000 |
Restructuring and Related Cost, Expected Cost | 600,000 |
GemGroup Inc [Member] | |
Business Acquisition [Line Items] | |
Business Acquisition, Effective Date of Acquisition | 1-Jul-14 |
Escrow Deposit | 2,000,000 |
Payments to Acquire Businesses, Gross | 19,750,000 |
Business Combination, Consideration Transferred, Liabilities Incurred | 300,000 |
Business Combination, Consideration Transferred | 20,000,000 |
HSBC Bank USA [Member] | |
Business Acquisition [Line Items] | |
Line of Credit Facility, Fair Value of Amount Outstanding | $10,000,000 |
Cash_Cash_Equivalents_and_Mark2
Cash, Cash Equivalents, and Marketable Securities (Details) (USD $) | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | |||
Cash and Cash Equivalents [Line Items] | |||
Cash and Cash Equivalents | $8,969 | $14,492 | $14,038 |
Marketable Securities | 3,597 | 5,724 | |
Total | 12,566 | 20,216 | |
United States [Member] | |||
Cash and Cash Equivalents [Line Items] | |||
Cash and Cash Equivalents | 3,160 | 11,052 | |
Marketable Securities | 0 | 0 | |
Total | 3,160 | 11,052 | |
France [Member] | |||
Cash and Cash Equivalents [Line Items] | |||
Cash and Cash Equivalents | 644 | 344 | |
Marketable Securities | 3,597 | 5,724 | |
Total | 4,241 | 6,068 | |
Macau S.A.R., China [Member] | |||
Cash and Cash Equivalents [Line Items] | |||
Cash and Cash Equivalents | 5,165 | 3,096 | |
Marketable Securities | 0 | 0 | |
Total | $5,165 | $3,096 |
Cash_Cash_Equivalents_and_Mark3
Cash, Cash Equivalents, and Marketable Securities (Details 1) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 |
Schedule of Available-for-sale Securities [Line Items] | ||
Cost | $3,597 | $5,724 |
Unrealized Gain/(Loss) | 0 | 0 |
Fair Value | 3,597 | 5,724 |
Certificates of Deposit [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Cost | 1,215 | 4,680 |
Unrealized Gain/(Loss) | 0 | 0 |
Fair Value | 1,215 | 4,680 |
Bond Mutual Funds [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Cost | 2,382 | 1,044 |
Unrealized Gain/(Loss) | 0 | 0 |
Fair Value | $2,382 | $1,044 |
Accounts_Receivable_and_Allowa2
Accounts Receivable and Allowance for Doubtful Accounts (Details) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Balance at Beginning of Year | $114 | $152 |
Provision (Benefit) | 193 | -39 |
Write-offs, Net of Recoveries | -5 | 0 |
Exchange Rate Effect | 0 | 1 |
Balance at End of Year | $302 | $114 |
Accounts_Receivable_and_Allowa3
Accounts Receivable and Allowance for Doubtful Accounts (Details Textual) | 12 Months Ended | |
Dec. 31, 2014 | Dec. 31, 2013 | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Concentration Risk, Percentage | 100.00% | 100.00% |
One Casino Customer [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Concentration Risk, Percentage | 12.00% | |
One Casino Customer [Member] | Accounts Receivable [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Concentration Risk, Percentage | 30.00% | 10.00% |
Inventories_Details
Inventories (Details) (USD $) | Dec. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Inventory [Line Items] | ||
Raw materials | $5,747 | $4,957 |
Work in progress | 1,257 | 937 |
Finished goods | 2,582 | 1,688 |
Total inventories | $9,586 | $7,582 |
Inventories_Details_1
Inventories (Details 1) (USD $) | Dec. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Inventory [Line Items] | ||
Current | $9,063 | $7,407 |
Non-current | 523 | 175 |
Total inventories | $9,586 | $7,582 |
Other_Current_Assets_Details
Other Current Assets (Details) (USD $) | Dec. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Other Current Assets [Line Items] | ||
Deposits | $648 | $214 |
Income tax-related assets | 1,284 | 2,331 |
Refundable value-added tax | 395 | 312 |
Other | -54 | 197 |
Total other current assets | $2,273 | $3,054 |
Property_and_Equipment_Details
Property and Equipment (Details) (USD $) | Dec. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Property, Plant and Equipment [Line Items] | ||
Land | $1,784 | $1,792 |
Buildings and improvements | 9,857 | 8,897 |
Equipment and furniture | 26,033 | 21,801 |
Vehicles | 368 | 475 |
Property, Plant and Equipment, Gross | 38,042 | 32,965 |
Less accumulated depreciation | -22,955 | -21,969 |
Property and equipment, net | $15,087 | $10,996 |
Property_and_Equipment_Details1
Property and Equipment (Details Textual) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 |
Property, Plant and Equipment [Line Items] | ||
Depreciation | $2,597 | $2,290 |
Goodwill_and_Intangible_Assets2
Goodwill and Intangible Assets (Details) (USD $) | Dec. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Finite-Lived Intangible Assets [Line Items] | ||
Goodwill and Intangible assets, Gross Carrying Amount | $3,789 | $1,764 |
Goodwill and Intangible assets, Accumulated Amortization | -995 | -779 |
Goodwill and Intangible assets, Net Carrying Amount | 2,794 | 985 |
Trademarks [Member] | ||
Finite-Lived Intangible Assets [Line Items] | ||
Goodwill and Intangible assets, Gross Carrying Amount | 1,742 | 631 |
Goodwill and Intangible assets, Accumulated Amortization | -327 | -240 |
Goodwill and Intangible assets, Net Carrying Amount | 1,415 | 391 |
Customer List [Member] | ||
Finite-Lived Intangible Assets [Line Items] | ||
Goodwill and Intangible assets, Gross Carrying Amount | 1,298 | 513 |
Goodwill and Intangible assets, Accumulated Amortization | -107 | -30 |
Goodwill and Intangible assets, Net Carrying Amount | 1,191 | 483 |
Patents [Member] | ||
Finite-Lived Intangible Assets [Line Items] | ||
Goodwill and Intangible assets, Gross Carrying Amount | 542 | 517 |
Goodwill and Intangible assets, Accumulated Amortization | -503 | -480 |
Goodwill and Intangible assets, Net Carrying Amount | 39 | 37 |
Other Intangible Assets [Member] | ||
Finite-Lived Intangible Assets [Line Items] | ||
Goodwill and Intangible assets, Gross Carrying Amount | 207 | 103 |
Goodwill and Intangible assets, Accumulated Amortization | -58 | -29 |
Goodwill and Intangible assets, Net Carrying Amount | $149 | $74 |
Goodwill_and_Intangible_Assets3
Goodwill and Intangible Assets (Details 1) (USD $) | Dec. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Finite-Lived Intangible Assets [Line Items] | ||
2015 | $297 | |
2016 | 279 | |
2017 | 258 | |
2018 | 240 | |
2019 | 234 | |
Thereafter | 1,486 | |
Total | $2,794 | $985 |
Goodwill_and_Intangible_Assets4
Goodwill and Intangible Assets (Details Textual) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 |
Finite-Lived Intangible Assets [Line Items] | ||
Amortization Of Intangible Assets | $218 | $136 |
Goodwill | 10,292 | 0 |
Intangible Assets, Net | 2,794 | 985 |
GemGroup Inc [Member] | ||
Finite-Lived Intangible Assets [Line Items] | ||
Goodwill | 10,300 | |
Intangible Assets, Net | $2,000 |
Accrued_Liabilities_Details
Accrued Liabilities (Details) (USD $) | Dec. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Accrued liabilities | ||
Accrued salaries, wages, and related costs | $977 | $879 |
Accrued vacation | 894 | 830 |
Miscellaneous taxes | 632 | 488 |
Accrued bonuses and commissions | 604 | 104 |
Other | 799 | 617 |
Total accrued liabilities | $3,906 | $2,918 |
Debt_Details_Textual
Debt (Details Textual) (USD $) | 1 Months Ended |
In Millions, unless otherwise specified | Jun. 26, 2014 |
Line of Credit Facility [Line Items] | |
Line of Credit Facility, Interest Rate Description | LIBOR plus 2.25% |
GPI USA and HSBC Bank USA [Member] | |
Line of Credit Facility [Line Items] | |
Line of Credit Facility, Maximum Borrowing Capacity | 10 |
GPI USA [Member] | |
Line of Credit Facility [Line Items] | |
Line of Credit Facility, Maximum Borrowing Capacity | 10 |
Commitments_and_Contingencies_1
Commitments and Contingencies (Details) (USD $) | Dec. 31, 2014 |
In Thousands, unless otherwise specified | |
Operating Leases, Future Minimum Payments | |
2015 | $745 |
2016 | 522 |
2017 | 482 |
2018 | 456 |
2019 | 76 |
Total | $2,281 |
Commitments_and_Contingencies_2
Commitments and Contingencies (Details Textual) (USD $) | 12 Months Ended | |
Dec. 31, 2014 | Dec. 31, 2013 | |
Commitments and Contingencies [Line Items] | ||
Operating Lease Expense | $749,000 | $709,000 |
Supplemental Unemployment Benefits, Severance Benefits | $679,050 |
Accumulated_Other_Comprehensiv2
Accumulated Other Comprehensive Income (Details) (USD $) | Dec. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Foreign currency translation | ($322) | $1,676 |
Unrealized gain on securities, net of tax | 1 | 1 |
Total accumulated other comprehensive (loss) income | ($321) | $1,677 |
Geographic_and_Product_Line_In2
Geographic and Product Line Information (Details) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 |
Segment Reporting Information [Line Items] | ||
Revenues | $60,972 | $56,173 |
Revenues, Percentage | 100.00% | 100.00% |
The Americas [Member] | ||
Segment Reporting Information [Line Items] | ||
Revenues | 36,367 | 31,096 |
Revenues, Percentage | 59.70% | 55.30% |
Asia Pacific [Member] | ||
Segment Reporting Information [Line Items] | ||
Revenues | 21,410 | 21,003 |
Revenues, Percentage | 35.10% | 37.40% |
Europe and Africa [Member] | ||
Segment Reporting Information [Line Items] | ||
Revenues | $3,195 | $4,074 |
Revenues, Percentage | 5.20% | 7.30% |
Geographic_and_Product_Line_In3
Geographic and Product Line Information (Details 1) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 |
Segment Reporting Information [Line Items] | ||
Revenues | $60,972 | $56,173 |
Revenues, Percentage | 100.00% | 100.00% |
Casino currency without RFID [Member] | ||
Segment Reporting Information [Line Items] | ||
Revenues | 14,511 | 20,327 |
Revenues, Percentage | 23.80% | 36.20% |
Casino currency with RFID [Member] | ||
Segment Reporting Information [Line Items] | ||
Revenues | 14,315 | 12,237 |
Revenues, Percentage | 23.50% | 21.80% |
Total casino currency [Member] | ||
Segment Reporting Information [Line Items] | ||
Revenues | 28,826 | 32,564 |
Revenues, Percentage | 47.30% | 58.00% |
Playing Cards [Member] | ||
Segment Reporting Information [Line Items] | ||
Revenues | 15,139 | 6,526 |
Revenues, Percentage | 24.80% | 11.60% |
Table Layouts [Member] | ||
Segment Reporting Information [Line Items] | ||
Revenues | 5,352 | 4,314 |
Revenues, Percentage | 8.80% | 7.70% |
Table Accessories and Other Products [Member] | ||
Segment Reporting Information [Line Items] | ||
Revenues | 3,303 | 3,494 |
Revenues, Percentage | 5.40% | 6.20% |
Dice [Member] | ||
Segment Reporting Information [Line Items] | ||
Revenues | 2,452 | 2,489 |
Revenues, Percentage | 4.00% | 4.40% |
Gaming Furniture [Member] | ||
Segment Reporting Information [Line Items] | ||
Revenues | 1,957 | 2,410 |
Revenues, Percentage | 3.20% | 4.30% |
RFID Solutions [Member] | ||
Segment Reporting Information [Line Items] | ||
Revenues | 1,566 | 2,566 |
Revenues, Percentage | 2.60% | 4.60% |
Shipping [Member] | ||
Segment Reporting Information [Line Items] | ||
Revenues | $2,377 | $1,810 |
Revenues, Percentage | 3.90% | 3.20% |
Geographic_and_Product_Line_In4
Geographic and Product Line Information (Details 2) (USD $) | Dec. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Segment Reporting Information [Line Items] | ||
Property and equipment, net | $15,087 | $10,996 |
United States [Member] | ||
Segment Reporting Information [Line Items] | ||
Property and equipment, net | 8,199 | 2,987 |
France [Member] | ||
Segment Reporting Information [Line Items] | ||
Property and equipment, net | 3,699 | 4,502 |
Mexico [Member] | ||
Segment Reporting Information [Line Items] | ||
Property and equipment, net | 3,055 | 3,360 |
Asia [Member] | ||
Segment Reporting Information [Line Items] | ||
Property and equipment, net | $134 | $147 |
Geographic_and_Product_Line_In5
Geographic and Product Line Information (Details 3) (USD $) | Dec. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Segment Reporting Information [Line Items] | ||
Intangible assets, net | $2,794 | $985 |
United States [Member] | ||
Segment Reporting Information [Line Items] | ||
Intangible assets, net | 2,249 | 964 |
Asia [Member] | ||
Segment Reporting Information [Line Items] | ||
Intangible assets, net | 535 | 0 |
France [Member] | ||
Segment Reporting Information [Line Items] | ||
Intangible assets, net | $10 | $21 |
Geographic_and_Product_Line_In6
Geographic and Product Line Information (Details Textual) | 12 Months Ended | |
Dec. 31, 2014 | Dec. 31, 2013 | |
Segment Reporting Information [Line Items] | ||
Revenues, Percentage | 100.00% | 100.00% |
One Casino Customer [Member] | ||
Segment Reporting Information [Line Items] | ||
Revenues, Percentage | 12.00% |
Pension_Plans_Details
Pension Plans (Details) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 |
Change in benefit obligation: | ||
Benefit obligation at beginning of year | $472 | $427 |
Service cost | 31 | 32 |
Interest cost | 16 | 14 |
Actuarial (gain) loss | 13 | -19 |
Effect of foreign exchange rate changes | -60 | 19 |
Benefit obligation at end of year | 472 | 472 |
Change in plan assets: | ||
Fair value of plan assets at beginning of year | 466 | 431 |
Actual return on plan assets | -11 | 17 |
Effect of foreign exchange rate changes | -54 | 19 |
Fair value of plan assets at end of year | 401 | 466 |
Funded status and accrued benefit cost | ($71) | ($5) |
Pension_Plans_Details_1
Pension Plans (Details 1) (USD $) | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of plan assets at end of year | $401 | $466 | $431 |
Worldwide bond fund [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of plan assets at end of year | 186 | 199 | |
Guaranteed equity fund [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of plan assets at end of year | 73 | 156 | |
European equity fund [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of plan assets at end of year | $142 | $112 |
Pension_Plans_Details_2
Pension Plans (Details 2) | Dec. 31, 2014 | Dec. 31, 2013 |
Assumptions: | ||
Discount rate | 2.00% | 3.25% |
Rate of compensation increase | 2.00% | 3.00% |
Pension_Plans_Details_3
Pension Plans (Details 3) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 |
Defined Benefit Plan Disclosure [Line Items] | ||
Service-cost benefits earned during the period | $31 | $32 |
Interest expense on benefit obligation | 16 | 14 |
Actual (return) on plan assets | 11 | -17 |
Actuarial loss | -13 | 19 |
Net pension expense | $71 | $10 |
Pension_Plans_Details_Textual
Pension Plans (Details Textual) (USD $) | 12 Months Ended | |
Dec. 31, 2014 | Dec. 31, 2013 | |
Defined Benefit Plan Disclosure [Line Items] | ||
Defined Contribution Plan, Maximum Annual Contributions Per Employee, Percent | 15.00% | |
Defined Contribution Plan, Employer Discretionary Contribution Amount | $75,000 | $54,000 |
Defined Contribution Plan Description | We contribute $0.50 for each $1.00 contributed by a participant in the 401K Plan up to 4 percent of the participants wages | |
Defined Benefit Plan, Funded Status of Plan | 71,000 | 5,000 |
From 2015 Through 2018 [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Defined Benefit Plan Projected Benefit Payments | 9,500 | |
From 2019 Through 2023 [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Defined Benefit Plan Projected Benefit Payments | $118,000 |
Stockholders_Equity_Details_Te
Stockholder's Equity (Details Textual) (USD $) | 12 Months Ended | 25 Months Ended | |||
In Millions, except Share data, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 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, Value | $1 | $2.10 | |||
Treasury Stock Acquired, Average Cost Per Share | $7.80 | $7.30 | |||
Common Stock [Member] | |||||
Equity, Class of Treasury Stock [Line Items] | |||||
Stock Repurchased During Period, Shares | 129,810 | 282,922 |
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, 2014 | Dec. 31, 2013 |
Shares, Outstanding, Begining Balance | 358,500 | 331,500 |
Shares, Granted | 25,500 | 27,000 |
Shares, Outstanding, Ending Balance | 384,000 | 358,500 |
Shares, Exercisable | 368,500 | |
Weighted-Average Exercise Price, Outstanding, Begining Balance | $7.54 | $7.49 |
Weighted-Average Exercise Price, Granted | $8.18 | $8.10 |
Weighted-Average Exercise Price, Outstanding, Ending Balance | $7.60 | $7.54 |
Weighted-Average Exercise Price, Exercisable | $7.57 | |
Weighted- Average Remaining Contractual Term (Years), Outstanding | 5 years | |
Weighted- Average Remaining Contractual Term (Years), Exercisable | 4 years 9 months 18 days | |
Aggregate Intrinsic Value, Outstanding | $683 | |
Aggregate Intrinsic Value, Exercisable | $680 |
Stock_Option_Programs_and_Shar3
Stock Option Programs and Share-based Compensation Expense (Details 1) (USD $) | 12 Months Ended | |
Dec. 31, 2014 | Dec. 31, 2013 | |
Option valuation assumptions: | ||
Dividend yield | 1.10% | 1.20% |
Expected volatility | 40.30% | 49.30% |
Risk-free interest rate | 1.65% | 1.11% |
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 | $2.99 | $3.36 |
Stock_Option_Programs_and_Shar4
Stock Option Programs and Share-based Compensation Expense (Details 2) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 |
Share-based compensation | $115 | $208 |
Estimated tax benefit | -41 | -75 |
Total share-based compensation, net of tax benefit | $74 | $133 |
Stock_Option_Programs_and_Shar5
Stock Option Programs and Share-based Compensation Expense (Details Textual) | 12 Months Ended | ||
Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2008 | |
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 | 25,500 | 27,000 | |
Gronau Agreement [Member] | |||
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, 2014 | Dec. 31, 2013 |
Other Income And Expense [Line Items] | ||
Interest income | $138 | $223 |
Interest expense | -127 | -9 |
Gain (loss) on foreign currency transactions | 214 | -224 |
Other income, net | 2 | 14 |
Total other income and (expense) | $227 | $4 |
Income_Taxes_Details
Income Taxes (Details) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 |
Current: | ||
US Federal | $0 | ($8) |
US State | 23 | 40 |
Foreign | 390 | -643 |
Total Current | 413 | -611 |
Deferred: | ||
US Federal | -631 | -257 |
US State | -37 | -47 |
Foreign | -6 | 372 |
Total Deferred | -674 | 68 |
Income tax provision | ($261) | ($543) |
Income_Taxes_Details_1
Income Taxes (Details 1) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 |
Foreign | $3,981 | $1,002 |
United States | -1,566 | -379 |
Income before income taxes | $2,415 | $623 |
Income_Taxes_Details_2
Income Taxes (Details 2) | 12 Months Ended | |
Dec. 31, 2014 | Dec. 31, 2013 | |
Computed expected income tax expense | 34.00% | 34.00% |
State income taxes, net of federal benefits | -0.70% | 3.90% |
Subpart F income adjustment | 8.60% | 29.20% |
Foreign rate differential (excl. Research Credit) | -26.20% | -67.80% |
Change in valuation allowance | -13.90% | -27.40% |
French research and low wage credit | -14.60% | -62.40% |
True-ups | 0.60% | -3.10% |
Other, net | 1.30% | 6.30% |
Income tax expense | -10.80% | -87.20% |
Income_Taxes_Details_3
Income Taxes (Details 3) (USD $) | Dec. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Deferred Tax Assets, Net [Abstract] | ||
Tax credits | $4,392 | $3,887 |
Fixed assets | 893 | 748 |
Stock compensation | 605 | 565 |
French deferred assets | 345 | 188 |
Bad debt reserves and inventory | 463 | 321 |
Intangibles | 0 | 36 |
Operating loss carry forwards | 36 | 655 |
Other | 102 | 20 |
Total gross deferred tax assets | 6,836 | 6,420 |
Less: valuation allowance | -2,024 | -2,149 |
Total net deferred tax assets | 4,812 | 4,271 |
Deferred tax liabilities: | ||
Excess book basis in shares of GPI SAS | 1,503 | 1,249 |
French deferred liabilities | 456 | 621 |
Intangibles | 111 | 0 |
Total deferred tax liabilities | 2,070 | 1,870 |
Deferred tax assets, net | $2,742 | $2,401 |
Income_Taxes_Details_Textual
Income Taxes (Details Textual) (USD $) | 12 Months Ended | |
In Millions, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 |
Effective Income Tax Rate Reconciliation, Repatriation of Foreign Earnings, Amount | $4.30 | |
Effective Income Tax Rate Reconciliation, Tax Credit, Foreign, Amount | 4.4 | |
Tax Credit Carryforward, Valuation Allowance | 2 | |
Tax Credit Carryforward, Amount | 0.5 | |
Operating Loss Carryforwards, Expiration Dates | which will expire from 2015 through 2034 | |
Foreign Tax Credit Expiration Period | 10 years | |
Income Tax Reconciliation Tax Credits Foreign Likely Un Used | 0.9 | |
Gaming Partners International SAS | ||
Investment Income, Dividend | 5.1 | |
Effective Income Tax Rate Reconciliation, Tax Credit, Foreign, Amount | 1.5 | |
Expire Year 2015 [Member] | ||
Effective Income Tax Rate Reconciliation, Tax Credit, Foreign, Amount | 0.1 | |
Expire Year 2016 [Member] | ||
Effective Income Tax Rate Reconciliation, Tax Credit, Foreign, Amount | 1.3 | |
Expire Year 2017 [Member] | ||
Effective Income Tax Rate Reconciliation, Tax Credit, Foreign, Amount | 1.2 | |
Expire Year 2023 [Member] | ||
Effective Income Tax Rate Reconciliation, Tax Credit, Foreign, Amount | 0.2 | |
Expire Year 2024 [Member] | ||
Effective Income Tax Rate Reconciliation, Tax Credit, Foreign, Amount | $0.10 |
Earnings_per_Share_EPS_Details
Earnings per Share (EPS) (Details) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 |
Basic and Diluted Earnings Per Share [Line Items] | ||
Weighted-average number of common shares outstanding - basic | 7,916 | 7,942 |
Potential dilution from equity grants | 99 | 87 |
Weighted-average number of common shares outstanding - diluted | 8,015 | 8,029 |
Earnings_per_Share_EPS_Details1
Earnings per Share (EPS) (Details Textual) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 |
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ||
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 50 | 39 |
Relatedparty_Transactions_Deta
Related-party Transactions (Details Textual) (USD $) | 12 Months Ended |
Dec. 31, 2014 | |
Squarefeet | |
Area Of Lease Property | 90,000 |
Monthly Rental Per Square Feet | $0.35 |
Lease Property Monthly Lease | $31,500 |