Document And Entity Information
Document And Entity Information - shares | 6 Months Ended | |
Jun. 30, 2015 | Aug. 03, 2015 | |
Document Information [Line Items] | ||
Entity Registrant Name | Gaming Partners International CORP | |
Entity Central Index Key | 918,580 | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Smaller Reporting Company | |
Trading Symbol | GPIC | |
Entity Common Stock, Shares Outstanding | 7,928,594 | |
Document Type | 10-Q | |
Amendment Flag | false | |
Document Period End Date | Jun. 30, 2015 | |
Document Fiscal Period Focus | Q2 | |
Document Fiscal Year Focus | 2,015 |
CONDENSED CONSOLIDATED BALANCE
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands | Jun. 30, 2015 | Dec. 31, 2014 |
Current Assets: | ||
Cash and cash equivalents | $ 14,625 | $ 8,969 |
Marketable securities | 5,724 | 3,597 |
Accounts receivable, net | 7,605 | 10,327 |
Inventories | 9,737 | 9,063 |
Prepaid expenses | 699 | 749 |
Deferred income tax assets | 1,320 | 1,011 |
Other current assets | 2,809 | 2,273 |
Total current assets | 42,519 | 35,989 |
Property and equipment, net | 14,246 | 15,087 |
Goodwill | 10,292 | 10,292 |
Intangibles, net | 2,645 | 2,794 |
Deferred income tax asset | 2,756 | 2,003 |
Inventories, non-current | 259 | 523 |
Other assets | 1,553 | 1,706 |
Total assets | 74,270 | 68,394 |
Current Liabilities: | ||
Accounts payable | 4,193 | 3,321 |
Accrued liabilities | 3,965 | 3,906 |
Customer deposits and deferred revenue | 5,526 | 2,224 |
Current portion of long term debt | 1,326 | 10,000 |
Income taxes payable | 1,405 | 343 |
Total current liabilities | 16,415 | 19,794 |
Long term debt | 8,674 | 0 |
Deferred income tax liability | 219 | 272 |
Other liabilities | 73 | 63 |
Total liabilities | $ 25,381 | $ 20,129 |
Commitments and contingencies - see Note 9 | ||
Stockholders' Equity: | ||
Preferred stock, authorized 10,000,000 shares, $.01 par value, none issued and outstanding | $ 0 | $ 0 |
Common stock, authorized 30,000,000 shares, $.01 par value, 8,219,577 and 7,928,594 issued and outstanding, respectively, as of June 30, 2015, and 8,207,077 and 7,916,094 issued and outstanding, respectively, as of December 31, 2014 | 82 | 82 |
Additional paid-in capital | 20,014 | 19,886 |
Treasury stock at cost: 290,983 shares | (2,263) | (2,263) |
Retained earnings | 32,697 | 30,881 |
Accumulated other comprehensive loss | (1,641) | (321) |
Total stockholders' equity | 48,889 | 48,265 |
Total liabilities and stockholders' equity | $ 74,270 | $ 68,394 |
CONDENSED CONSOLIDATED BALANCE3
CONDENSED CONSOLIDATED BALANCE SHEETS [Parenthetical] - $ / shares | Jun. 30, 2015 | Dec. 31, 2014 |
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 | 8,219,577 | 8,207,077 |
Common stock, shares outstanding | 7,928,594 | 7,916,094 |
Treasury stock, shares | 290,983 | 290,983 |
CONDENSED CONSOLIDATED STATEMEN
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | |
Revenues | $ 16,249 | $ 10,216 | $ 34,905 | $ 20,775 |
Cost of revenues | 11,615 | 7,463 | 23,947 | 15,263 |
Gross profit | 4,634 | 2,753 | 10,958 | 5,512 |
Marketing and sales | 1,384 | 1,343 | 3,184 | 2,646 |
General and administrative | 2,466 | 2,043 | 4,882 | 4,111 |
Research and development | 311 | 417 | 650 | 854 |
Operating income (loss) | 473 | (1,050) | 2,242 | (2,099) |
Other (expense) income, net | (103) | 49 | (68) | 106 |
Income (loss) before income taxes | 370 | (1,001) | 2,174 | (1,993) |
Income tax provision | 511 | 154 | 358 | 292 |
Net (loss) income | $ (141) | $ (1,155) | $ 1,816 | $ (2,285) |
Earnings per share: | ||||
Basic (in dollars per share) | $ (0.02) | $ (0.15) | $ 0.23 | $ (0.29) |
Diluted (in dollars per share) | $ (0.02) | $ (0.15) | $ 0.23 | $ (0.29) |
Weighted-average shares of common stock outstanding: | ||||
Basic (in shares) | 7,929 | 7,916 | 7,922 | 7,916 |
Diluted (in shares) | 7,929 | 7,916 | 8,035 | 7,916 |
CONDENSED CONSOLIDATED STATEME5
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | |
Net (loss) income | $ (141) | $ (1,155) | $ 1,816 | $ (2,285) |
Other comprehensive income (loss): | ||||
Foreign currency translation adjustment | 301 | (131) | (1,320) | (151) |
Other comprehensive income (loss), net of tax | 301 | (131) | (1,320) | (151) |
Total comprehensive income (loss) | $ 160 | $ (1,286) | $ 496 | $ (2,436) |
CONDENSED CONSOLIDATED STATEME6
CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) $ in Thousands | Total | Common Stock [Member] | Additional Paid-in Capital [Member] | Treasury Stock [Member] | Retained Earnings [Member] | Accumulated Other Comprehensive Income (Loss) [Member] |
Balance at Dec. 31, 2013 | $ 47,473 | $ 82 | $ 19,771 | $ (2,262) | $ 28,205 | $ 1,677 |
Balance (in shares) at Dec. 31, 2013 | 7,916,094 | |||||
Net income (loss) | (2,285) | $ 0 | 0 | 0 | (2,285) | 0 |
Stock compensation expense | 82 | 0 | 82 | 0 | 0 | 0 |
Foreign currency translation adjustment | (151) | 0 | 0 | 0 | 0 | (151) |
Balance at Jun. 30, 2014 | 45,119 | $ 82 | 19,853 | (2,262) | 25,920 | 1,526 |
Balance (in shares) at Jun. 30, 2014 | 7,916,094 | |||||
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 | |||||
Net income (loss) | 1,816 | $ 0 | 0 | 0 | 1,816 | 0 |
Stock compensation expense | 38 | 0 | 38 | 0 | 0 | 0 |
Foreign currency translation adjustment | (1,320) | 0 | 0 | 0 | 0 | (1,320) |
Common stock options exercised | 87 | $ 0 | 87 | 0 | 0 | 0 |
Common stock options exercised (Shares) | 12,500 | |||||
Tax benefit of stock options exercised | 3 | $ 0 | 3 | 0 | 0 | 0 |
Balance at Jun. 30, 2015 | $ 48,889 | $ 82 | $ 20,014 | $ (2,263) | $ 32,697 | $ (1,641) |
Balance (in shares) at Jun. 30, 2015 | 7,928,594 |
CONDENSED CONSOLIDATED STATEME7
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands | 6 Months Ended | |
Jun. 30, 2015 | Jun. 30, 2014 | |
Cash Flows from Operating Activities | ||
Net income (loss) | $ 1,816 | $ (2,285) |
Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||
Depreciation | 1,317 | 1,110 |
Amortization of intangible assets | 149 | 61 |
Provision for bad debt | 533 | 55 |
Deferred income taxes | (1,107) | 371 |
Stock compensation expense | 38 | 82 |
Tax on exercise of stock options | 3 | 0 |
(Gain) loss on sale or disposal of property, plant and equipment | (26) | 24 |
(Gain) on sale of marketable securities | (2) | (2) |
Change in operating assets and liabilities: | ||
Accounts receivable | 2,157 | 1,649 |
Inventories | (691) | (1,062) |
Prepaid expenses and other current assets | (647) | 1,717 |
Non-current other assets | 110 | (872) |
Accounts payable | 929 | 26 |
Accrued liabilities | 190 | 21 |
Customer deposits and deferred revenue | 3,323 | 750 |
Income taxes payable | 1,072 | (55) |
Net cash provided by operating activities | 9,164 | 1,590 |
Cash Flows from Investing Activities | ||
Purchases of marketable securities | (6,252) | (7,881) |
Proceeds from sale of marketable securities | 3,797 | 8,565 |
Initial deposit on business acquisition | 0 | (1,000) |
Change in restricted cash | 0 | (10,000) |
Proceeds from sale of property, plant and equipment | 31 | 14 |
Capital expenditures | (790) | (241) |
Net cash used in investing activities | (3,214) | (10,543) |
Cash Flows from Financing Activities | ||
Cash (paid) received for demand line of credit | (10,000) | 10,000 |
Proceeds from debt obligation | 10,000 | 0 |
Proceeds from exercise of stock options | 87 | 0 |
Net cash provided by financing activities | 87 | 10,000 |
Effect of exchange rate changes on cash | (381) | (22) |
Net increase in cash and cash equivalents | 5,656 | 1,025 |
Cash and cash equivalents, beginning of period | 8,969 | 14,492 |
Cash and cash equivalents, end of period | 14,625 | 15,517 |
Supplemental disclosure of cash flow information: | ||
Cash (paid) received for income taxes, net of refunds | (280) | 934 |
Supplemental disclosure of non-cash investing and financing activities | ||
Property, plant and equipment acquired through accounts payable | $ 46 | $ 91 |
Nature of Business and Signific
Nature of Business and Significant Accounting Policies | 6 Months Ended |
Jun. 30, 2015 | |
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 USA Blue Springs, our manufacturing facility in Missouri), Gaming Partners International SAS (GPI SAS), and Gaming Partners International Asia Limited (GPI Asia). Our subsidiaries have the following distribution and product focus: • GPI USA sells in the United States, Canada, the Caribbean, and Latin America. GPI USA sells our full product line, with most of the products manufactured in either San Luis Rio Colorado, Mexico, or Blue Springs, Missouri. The remainder is either manufactured in France or purchased from United States vendors. We also warehouse inventory in San Luis, Arizona, Blue Springs, Missouri, 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, radio frequency identification device (RFID) product solutions, playing cards, and other table accessories in the Asia-Pacific region. GPI Asia also sells table layouts and upholstery that it manufactures in Macau S.A.R. Our business activities include the manufacture and supply of casino currencies, playing cards, table layouts, gaming furniture, table accessories, dice, upholstery, roulette wheels, and RFID readers and software, all of which are used with casino table games such as blackjack, poker, baccarat, craps, and roulette. Significant Accounting Policies The accompanying condensed consolidated financial statements include the accounts of GPIC and its wholly-owned subsidiaries GPI SAS, GPI USA, GPI Mexicana, and GPI Asia. All material intercompany balances and transactions have been eliminated in consolidation. The condensed consolidated financial statements of the Company and its subsidiaries have been prepared in accordance with accounting principles generally accepted in the United States (U.S. GAAP) for interim financial information and in the form prescribed by the Securities and Exchange Commission (SEC), and do not include all of the information and notes required by U.S. GAAP for complete financial statements. These statements should be read in conjunction with our annual audited consolidated financial statements and related notes included in our most recent Annual Report on Form 10-K/A for the fiscal year ended December 31, 2014, filed with the SEC on March 20, 2015. These unaudited condensed consolidated financial statements, in the opinion of management, reflect only normal and recurring adjustments necessary for a fair presentation of results and cash flows for the interim periods presented. The results of operations for an interim period are not necessarily indicative of the results for any other interim period or a full fiscal year. In May 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2014-09, Revenues from Contracts with Customers (Topic 606) |
Acquisition
Acquisition | 6 Months Ended |
Jun. 30, 2015 | |
Business Combinations [Abstract] | |
Business Acquisition, Integration, Restructuring and Other Related Costs [Text Block] | Note 2. Acquisition On July 1, 2014, we acquired substantially all of the net gaming assets of GemGroup (GemGroup Acquisition), a manufacturer of playing cards, table layouts and casino currency primarily sold under the Gemaco® brand. The results of the GemGroup Acquisition have been consolidated with the Company’s results of operations and cash flows beginning on the date of the acquisition. 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. Three Months Ended Six Months Ended June 30, June 30, 2015 2014 2015 2014 Net revenues $ 16,249 $ 16,527 $ 34,905 $ 33,156 Net (loss) income attributable to common stockholders (141) (608) 1,816 (1,204) Earnings per shareBasic (0.02) (0.08) 0.23 (0.15) Earnings per shareDiluted (0.02) (0.08) 0.23 (0.15) The unaudited supplemental pro forma consolidated results of operations are provided for illustrative purposes only and do not purport to be indicative of the results that would have been obtained if the GemGroup Acquisition had actually occurred as of the dates indicated or of those results that may be obtained in the future. These unaudited supplemental 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 Mar
Cash, Cash Equivalents, and Marketable Securities | 6 Months Ended |
Jun. 30, 2015 | |
Cash and Cash Equivalents [Abstract] | |
Cash, Cash Equivalents, and Marketable Securities [Text Block] | Note 3. Cash, Cash Equivalents, and Marketable Securities We hold our cash, cash equivalents, and marketable securities in financial institutions in various countries throughout the world. Substantially all accounts have balances in excess of government-insured limits. The following summarizes the geographic location of our holdings (in thousands): June 30, 2015 December 31, 2014 Cash and Cash and Cash Marketable Cash Marketable Equivalents Securities Total Equivalents Securities Total United States (including Mexico) $ 5,077 $ - $ 5,077 $ 3,160 $ - $ 3,160 France 2,075 5,724 7,799 644 3,597 4,241 Macau S.A.R., China 7,473 - 7,473 5,165 - 5,165 Total $ 14,625 $ 5,724 $ 20,349 $ 8,969 $ 3,597 $ 12,566 Available-for-sale marketable securities consist of investments in securities such as certificates of deposit offered by French banks and bond mutual funds (in thousands): June 30, 2015 December 31, 2014 Unrealized Unrealized Cost Gain/(Loss) Fair Value Cost Gain/(Loss) Fair Value Certificates of deposit $ 1,109 $ - $ 1,109 $ 1,215 $ - $ 1,215 Bond mutual funds 4,614 - 4,614 2,382 - 2,382 Total marketable securities $ 5,724 $ - $ 5,724 $ 3,597 $ - $ 3,597 We present our marketable securities at their estimated fair value. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. We have determined that all of our marketable securities are Level 1 financial instruments, with asset values recorded at quoted prices in active markets for identical assets. |
Accounts Receivable and Allowan
Accounts Receivable and Allowance for Doubtful Accounts | 6 Months Ended |
Jun. 30, 2015 | |
Valuation and Qualifying Accounts [Abstract] | |
Schedule of Valuation and Qualifying Accounts Disclosure [Text Block] | Note 4. Accounts Receivable and Allowance for Doubtful Accounts At June 30, 2015, two Macau customers accounted for 13 10 30 Balance at Beginning of Provision Write-offs, Net Exchange Balance at End Year (Benefit) of Recoveries Rate Effect of Period June 30, 2015 $ 302 $ 533 $ (35) $ (4) $ 796 December 31, 2014 $ 114 $ 193 $ (5) $ - $ 302 |
Inventories
Inventories | 6 Months Ended |
Jun. 30, 2015 | |
Inventory Disclosure [Abstract] | |
Inventory Disclosure [Text Block] | Note 5. Inventories Inventories consist of the following (in thousands): June 30, 2015 December 31, 2014 Raw materials $ 6,117 $ 5,747 Work in progress 915 1,257 Finished goods 2,964 2,582 Total inventories $ 9,996 $ 9,586 We classified a portion of our inventories as non-current because we do not expect this portion to be used within one year. The classification of our inventories on our condensed consolidated balance sheets is as follows (in thousands): June 30, 2015 December 31, 2014 Current $ 9,737 $ 9,063 Non-current 259 523 Total inventories $ 9,996 $ 9,586 |
Property and Equipment
Property and Equipment | 6 Months Ended |
Jun. 30, 2015 | |
Property, Plant and Equipment [Abstract] | |
Property, Plant and Equipment Disclosure [Text Block] | Note 6. Property and Equipment June 30, 2015 December 31, 2014 Land $ 1,759 $ 1,784 Buildings and improvements 9,576 9,857 Equipment and furniture 25,738 26,033 Vehicles 381 368 37,454 38,042 Less accumulated depreciation (23,208) (22,955) Property and equipment, net $ 14,246 $ 15,087 Depreciation expense for the three months ended June 30, 2015 and 2014 was $ 637 545 1,317 1,110 |
Goodwill and Intangible Assets
Goodwill and Intangible Assets | 6 Months Ended |
Jun. 30, 2015 | |
Goodwill and Intangible Assets Disclosure [Abstract] | |
Intangible Assets Disclosure [Text Block] | Note 7. Goodwill and Intangible Assets We have goodwill valued at $ 10.3 June 30, 2015 December 31, 2014 Estimated Gross Net Gross Net Useful Carrying Accum Carrying Carrying Accum Carrying Life Amount Amort Amount Amount Amort Amount (Years) Trademarks $ 1,772 $ (391) $ 1,381 $ 1,742 $ (327) $ 1,415 10-15 Customer list 1,323 (190) 1,133 1,298 (107) 1,191 10-15 Patents 542 (516) 26 542 (503) 39 13-14 Other intangible assets 372 (267) 105 207 (58) 149 3-10 Total intangible assets $ 4,009 $ (1,364) $ 2,645 $ 3,789 $ (995) $ 2,794 Amortization expense for intangible assets for the three months ended June 30, 2015 and 2014 was $ 72 30 149 61 |
Debt
Debt | 6 Months Ended |
Jun. 30, 2015 | |
Debt Disclosure [Abstract] | |
Debt Disclosure [Text Block] | On June 26, 2015, the Company entered into a credit agreement (Credit Agreement) with Nevada State Bank (Lender) for a combined $ 15.0 10.0 5.0 June 26, 2022 June 26, 2020 The Company borrowed the full amount under the Term Loan and repaid its existing $10.0 million demand line of credit with HSBC Bank USA, National Association (HSBC) on June 26, 2015. Upon repayment of the $ 10.0 Interest on funds borrowed under the Term Loan and the Revolving Loan will be charged at a rate per annum equal to LIBOR plus 2.25%. The Term Loan has a straight-line seven year amortization schedule. Years ended December 31: 2015 $ 659 2016 1,343 2017 1,376 2018 1,410 2019 1,444 Thereafter 3,768 $ 10,000 The Credit Agreement contains customary representations, warranties and events of default, and affirmative, negative and financial covenants. The covenants contain, among other things, limitations on the Company's and its subsidiaries' ability to merge, consolidate, dispose of assets, or incur liens or certain indebtedness. The Company is required to maintain a fixed charge coverage ratio greater than 1.15 to 1.00 leverage ratio less than 3.00 to 1.00 The Company and its subsidiary, GPI USA, granted to the Lender a first priority security interest in substantially all of their assets as collateral. In addition, the Credit Agreement is guaranteed by the Company’s subsidiaries GPI USA and GPI Asia. |
Commitments and Contingencies
Commitments and Contingencies | 6 Months Ended |
Jun. 30, 2015 | |
Commitments and Contingencies Disclosure [Abstract] | |
Commitments and Contingencies Disclosure [Text Block] | Note 9. Commitments and Contingencies Legal Proceedings and Contingencies 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 |
Accumulated Other Comprehensive
Accumulated Other Comprehensive Loss | 6 Months Ended |
Jun. 30, 2015 | |
Equity [Abstract] | |
Comprehensive Income (Loss) Note [Text Block] | Note 10. Accumulated Other Comprehensive Loss Foreign Unrealized Currency Gains on Translation Securities Total Balance at March 31, 2015 $ (1,943) $ 1 $ (1,942) Other comprehensive income 301 - 301 Balance at June 30, 2015 $ (1,642) $ 1 $ (1,641) Changes in accumulated other comprehensive loss for the six months ended June 30, 2015, were as follows (in thousands): Foreign Unrealized Currency Gains on Translation Securities Total Balance at January 1, 2015 $ (322) $ 1 $ (321) Other comprehensive loss (1,320) - (1,320) Balance at June 30, 2015 $ (1,642) $ 1 $ (1,641) |
Geographic and Product Line Inf
Geographic and Product Line Information | 6 Months Ended |
Jun. 30, 2015 | |
Segment Reporting [Abstract] | |
Segment Reporting Disclosure [Text Block] | Note 11. Geographic and Product Line Information We manufacture and sell casino table game equipment in one operating segment - casino table game products. Although the Company derives its revenues from a number of different product lines, the Company neither allocates resources based on the operating results from the individual product lines, nor manages each individual product line as a separate business unit. Our chief operating decision maker is our Chief Executive Officer (CEO). The CEO 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,” or “product line,” managers who report to our CEO. Three Months Ended June 30, 2015 2014 Revenues The Americas $ 13,284 81.7 % $ 6,960 68.1 % Asia-Pacific 2,235 13.8 % 2,685 26.3 % Europe and Africa 730 4.5 % 571 5.6 % Total $ 16,249 100.0 % $ 10,216 100.0 % Six Months Ended June 30, 2015 2014 Revenues The Americas $ 25,588 73.3 % $ 12,230 58.8 % Asia-Pacific 8,204 23.5 % 7,490 36.1 % Europe and Africa 1,113 3.2 % 1,055 5.1 % Total $ 34,905 100.0 % $ 20,775 100.0 % Three Months Ended June 30, 2015 2014 Casino currency without RFID $ 3,547 21.8 % $ 3,987 39.1 % Casino currency with RFID 1,038 6.4 % 781 7.6 % Total casino currency 4,585 28.2 % 4,768 46.7 % Playing cards 5,852 36.0 % 1,649 16.2 % Table accessories and other products 1,926 11.9 % 988 9.7 % Table layouts 1,430 8.8 % 1,005 9.8 % Dice 736 4.5 % 655 6.4 % RFID solutions 594 3.7 % 130 1.3 % Gaming furniture 376 2.3 % 577 5.6 % Shipping 750 4.6 % 444 4.3 % Total $ 16,249 100.0 % $ 10,216 100.0 % Six Months Ended June 30, 2015 2014 Casino currency without RFID $ 6,626 19.0 % $ 6,264 30.2 % Casino currency with RFID 4,657 13.3 % 4,661 22.4 % Total casino currency 11,283 32.3 % 10,925 52.6 % Playing cards 11,627 33.3 % 3,187 15.3 % Table accessories and other products 3,568 10.2 % 1,639 7.9 % Table layouts 3,124 9.0 % 1,861 9.0 % RFID solutions 1,454 4.2 % 376 1.8 % Dice 1,336 3.8 % 1,165 5.6 % Gaming furniture 963 2.8 % 833 4.0 % Shipping 1,549 4.4 % 789 3.8 % Total $ 34,905 100.0 % $ 20,775 100.0 % For the six months ended June 30, 2015, no customer accounted for greater than 10 12 June 30, 2015 December 31, 2014 United States $ 8,138 $ 8,199 France 3,329 3,699 Mexico 2,654 3,055 Asia 125 134 Total $ 14,246 $ 15,087 June 30, 2015 December 31, 2014 Intangible assets, net: United States $ 2,123 $ 2,249 Asia 516 535 France 6 10 Total $ 2,645 $ 2,794 |
Earnings per Share (EPS)
Earnings per Share (EPS) | 6 Months Ended |
Jun. 30, 2015 | |
Earnings Per Share [Abstract] | |
Earnings Per Share [Text Block] | Note 12. Earnings per Share (EPS) Three Months Ended Six Months Ended June 30, June 30, 2015 2014 2015 2014 Weighted-average number of common shares outstanding - basic 7,929 7,916 7,922 7,916 Potential dilution from equity grants - - 113 - Weighted-average number of common shares outstanding - diluted 7,929 7,916 8,035 7,916 |
Income Taxes
Income Taxes | 6 Months Ended |
Jun. 30, 2015 | |
Income Tax Disclosure [Abstract] | |
Income Tax Disclosure [Text Block] | Note 13. Income Taxes As of December 31, 2014, we had a valuation allowance of $ 2.0 7 |
Nature of Business and Signif21
Nature of Business and Significant Accounting Policies (Policies) | 6 Months Ended |
Jun. 30, 2015 | |
Accounting Policies [Abstract] | |
Consolidation, Policy [Policy Text Block] | Basis of Consolidation and Presentation. The accompanying condensed consolidated financial statements include the accounts of GPIC and its wholly-owned subsidiaries GPI SAS, GPI USA, GPI Mexicana, and GPI Asia. All material intercompany balances and transactions have been eliminated in consolidation. The condensed consolidated financial statements of the Company and its subsidiaries have been prepared in accordance with accounting principles generally accepted in the United States (U.S. GAAP) for interim financial information and in the form prescribed by the Securities and Exchange Commission (SEC), and do not include all of the information and notes required by U.S. GAAP for complete financial statements. These statements should be read in conjunction with our annual audited consolidated financial statements and related notes included in our most recent Annual Report on Form 10-K/A for the fiscal year ended December 31, 2014, filed with the SEC on March 20, 2015. These unaudited condensed consolidated financial statements, in the opinion of management, reflect only normal and recurring adjustments necessary for a fair presentation of results and cash flows for the interim periods presented. The results of operations for an interim period are not necessarily indicative of the results for any other interim period or a full fiscal year. |
New Accounting Pronouncements, Policy [Policy Text Block] | In May 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2014-09, Revenues from Contracts with Customers (Topic 606) |
Acquisition (Tables)
Acquisition (Tables) | 6 Months Ended |
Jun. 30, 2015 | |
Business Combinations [Abstract] | |
Business Acquisition, Pro Forma Information [Table Text Block] | The following unaudited supplemental pro forma consolidated results of operations for the three and six months ended June 30, 2015, and for the three and six months ended June 30, 2014, have been prepared as if the GemGroup Acquisition had occurred at January 1, 2014 (unaudited; in thousands, except for per share data): Three Months Ended Six Months Ended June 30, June 30, 2015 2014 2015 2014 Net revenues $ 16,249 $ 16,527 $ 34,905 $ 33,156 Net (loss) income attributable to common stockholders (141) (608) 1,816 (1,204) Earnings per shareBasic (0.02) (0.08) 0.23 (0.15) Earnings per shareDiluted (0.02) (0.08) 0.23 (0.15) |
Cash, Cash Equivalents, and M23
Cash, Cash Equivalents, and Marketable Securities (Tables) | 6 Months Ended |
Jun. 30, 2015 | |
Cash and Cash Equivalents [Abstract] | |
Cash and Cash Equivalents and Marketable Securities [Table Text Block] | The following summarizes the geographic location of our holdings (in thousands): June 30, 2015 December 31, 2014 Cash and Cash and Cash Marketable Cash Marketable Equivalents Securities Total Equivalents Securities Total United States (including Mexico) $ 5,077 $ - $ 5,077 $ 3,160 $ - $ 3,160 France 2,075 5,724 7,799 644 3,597 4,241 Macau S.A.R., China 7,473 - 7,473 5,165 - 5,165 Total $ 14,625 $ 5,724 $ 20,349 $ 8,969 $ 3,597 $ 12,566 |
Available-for-sale Securities [Table Text Block] | Available-for-sale marketable securities consist of investments in securities such as certificates of deposit offered by French banks and bond mutual funds (in thousands): June 30, 2015 December 31, 2014 Unrealized Unrealized Cost Gain/(Loss) Fair Value Cost Gain/(Loss) Fair Value Certificates of deposit $ 1,109 $ - $ 1,109 $ 1,215 $ - $ 1,215 Bond mutual funds 4,614 - 4,614 2,382 - 2,382 Total marketable securities $ 5,724 $ - $ 5,724 $ 3,597 $ - $ 3,597 |
Accounts Receivable and Allow24
Accounts Receivable and Allowance for Doubtful Accounts (Tables) | 6 Months Ended |
Jun. 30, 2015 | |
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 Provision Write-offs, Net Exchange Balance at End Year (Benefit) of Recoveries Rate Effect of Period June 30, 2015 $ 302 $ 533 $ (35) $ (4) $ 796 December 31, 2014 $ 114 $ 193 $ (5) $ - $ 302 |
Inventories (Tables)
Inventories (Tables) | 6 Months Ended |
Jun. 30, 2015 | |
Inventory Disclosure [Abstract] | |
Schedule of Inventory, Current [Table Text Block] | Inventories consist of the following (in thousands): June 30, 2015 December 31, 2014 Raw materials $ 6,117 $ 5,747 Work in progress 915 1,257 Finished goods 2,964 2,582 Total inventories $ 9,996 $ 9,586 |
Schedule of Inventory, Noncurrent [Table Text Block] | The classification of our inventories on our condensed consolidated balance sheets is as follows (in thousands): June 30, 2015 December 31, 2014 Current $ 9,737 $ 9,063 Non-current 259 523 Total inventories $ 9,996 $ 9,586 |
Property and Equipment (Tables)
Property and Equipment (Tables) | 6 Months Ended |
Jun. 30, 2015 | |
Property, Plant and Equipment [Abstract] | |
Property, Plant and Equipment [Table Text Block] | Property and equipment consists of the following (in thousands): June 30, 2015 December 31, 2014 Land $ 1,759 $ 1,784 Buildings and improvements 9,576 9,857 Equipment and furniture 25,738 26,033 Vehicles 381 368 37,454 38,042 Less accumulated depreciation (23,208) (22,955) Property and equipment, net $ 14,246 $ 15,087 |
Goodwill and Intangible Assets
Goodwill and Intangible Assets (Tables) | 6 Months Ended |
Jun. 30, 2015 | |
Goodwill and Intangible Assets Disclosure [Abstract] | |
Schedule of Finite-Lived Intangible Assets [Table Text Block] | Intangible assets consist of the following (in thousands): June 30, 2015 December 31, 2014 Estimated Gross Net Gross Net Useful Carrying Accum Carrying Carrying Accum Carrying Life Amount Amort Amount Amount Amort Amount (Years) Trademarks $ 1,772 $ (391) $ 1,381 $ 1,742 $ (327) $ 1,415 10-15 Customer list 1,323 (190) 1,133 1,298 (107) 1,191 10-15 Patents 542 (516) 26 542 (503) 39 13-14 Other intangible assets 372 (267) 105 207 (58) 149 3-10 Total intangible assets $ 4,009 $ (1,364) $ 2,645 $ 3,789 $ (995) $ 2,794 |
Debt (Tables)
Debt (Tables) | 6 Months Ended |
Jun. 30, 2015 | |
Debt Disclosure [Abstract] | |
Schedule of Maturities of Long-term Debt [Table Text Block] | Estimated repayment obligations for the principal balance of long-term debt are as follows (in thousands): Years ended December 31: 2015 $ 659 2016 1,343 2017 1,376 2018 1,410 2019 1,444 Thereafter 3,768 $ 10,000 |
Accumulated Other Comprehensi29
Accumulated Other Comprehensive Loss (Tables) | 6 Months Ended |
Jun. 30, 2015 | |
Equity [Abstract] | |
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] | Changes in accumulated other comprehensive loss for the three months ended June 30, 2015, were as follows (in thousands): Foreign Unrealized Currency Gains on Translation Securities Total Balance at March 31, 2015 $ (1,943) $ 1 $ (1,942) Other comprehensive income 301 - 301 Balance at June 30, 2015 $ (1,642) $ 1 $ (1,641) Changes in accumulated other comprehensive loss for the six months ended June 30, 2015, were as follows (in thousands): Foreign Unrealized Currency Gains on Translation Securities Total Balance at January 1, 2015 $ (322) $ 1 $ (321) Other comprehensive loss (1,320) - (1,320) Balance at June 30, 2015 $ (1,642) $ 1 $ (1,641) |
Geographic and Product Line I30
Geographic and Product Line Information (Tables) | 6 Months Ended |
Jun. 30, 2015 | |
Segment Reporting [Abstract] | |
Schedule of Revenue from Foreign Countries by Geographic Area [Table Text Block] | The following tables present our net sales by geographic area (in thousands): Three Months Ended June 30, 2015 2014 Revenues The Americas $ 13,284 81.7 % $ 6,960 68.1 % Asia-Pacific 2,235 13.8 % 2,685 26.3 % Europe and Africa 730 4.5 % 571 5.6 % Total $ 16,249 100.0 % $ 10,216 100.0 % Six Months Ended June 30, 2015 2014 Revenues The Americas $ 25,588 73.3 % $ 12,230 58.8 % Asia-Pacific 8,204 23.5 % 7,490 36.1 % Europe and Africa 1,113 3.2 % 1,055 5.1 % Total $ 34,905 100.0 % $ 20,775 100.0 % |
Schedule of Product Revenue [Table Text Block] | The following tables present our net sales by product line (in thousands): Three Months Ended June 30, 2015 2014 Casino currency without RFID $ 3,547 21.8 % $ 3,987 39.1 % Casino currency with RFID 1,038 6.4 % 781 7.6 % Total casino currency 4,585 28.2 % 4,768 46.7 % Playing cards 5,852 36.0 % 1,649 16.2 % Table accessories and other products 1,926 11.9 % 988 9.7 % Table layouts 1,430 8.8 % 1,005 9.8 % Dice 736 4.5 % 655 6.4 % RFID solutions 594 3.7 % 130 1.3 % Gaming furniture 376 2.3 % 577 5.6 % Shipping 750 4.6 % 444 4.3 % Total $ 16,249 100.0 % $ 10,216 100.0 % Six Months Ended June 30, 2015 2014 Casino currency without RFID $ 6,626 19.0 % $ 6,264 30.2 % Casino currency with RFID 4,657 13.3 % 4,661 22.4 % Total casino currency 11,283 32.3 % 10,925 52.6 % Playing cards 11,627 33.3 % 3,187 15.3 % Table accessories and other products 3,568 10.2 % 1,639 7.9 % Table layouts 3,124 9.0 % 1,861 9.0 % RFID solutions 1,454 4.2 % 376 1.8 % Dice 1,336 3.8 % 1,165 5.6 % Gaming furniture 963 2.8 % 833 4.0 % Shipping 1,549 4.4 % 789 3.8 % Total $ 34,905 100.0 % $ 20,775 100.0 % |
Schedule of Property Plant and Equipment by Geographic Area [Table Text Block] | The following table presents our property and equipment by geographic area (in thousands): June 30, 2015 December 31, 2014 United States $ 8,138 $ 8,199 France 3,329 3,699 Mexico 2,654 3,055 Asia 125 134 Total $ 14,246 $ 15,087 |
Schedule of Intangible Assets and Goodwill [Table Text Block] | The following table presents our intangible assets by geographic area (in thousands): June 30, 2015 December 31, 2014 Intangible assets, net: United States $ 2,123 $ 2,249 Asia 516 535 France 6 10 Total $ 2,645 $ 2,794 |
Earnings per Share (EPS) (Table
Earnings per Share (EPS) (Tables) | 6 Months Ended |
Jun. 30, 2015 | |
Earnings Per Share [Abstract] | |
Schedule of Weighted Average Number of Shares [Table Text Block] | Shares used to compute basic and diluted earnings per share from operations are as follows: Three Months Ended Six Months Ended June 30, June 30, 2015 2014 2015 2014 Weighted-average number of common shares outstanding - basic 7,929 7,916 7,922 7,916 Potential dilution from equity grants - - 113 - Weighted-average number of common shares outstanding - diluted 7,929 7,916 8,035 7,916 |
Acquisition (Details )
Acquisition (Details ) - GemGroup [Member] - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | |
Net revenues | $ 16,249 | $ 16,527 | $ 34,905 | $ 33,156 |
Net (loss) income attributable to common stockholders | $ (141) | $ (608) | $ 1,816 | $ (1,204) |
Earnings per shareBasic (in dollars per share) | $ (0.02) | $ (0.08) | $ 0.23 | $ (0.15) |
Earnings per shareDiluted (in dollars per share) | $ (0.02) | $ (0.08) | $ 0.23 | $ (0.15) |
Cash, Cash Equivalents, and M33
Cash, Cash Equivalents, and Marketable Securities (Details) - USD ($) $ in Thousands | Jun. 30, 2015 | Dec. 31, 2014 | Jun. 30, 2014 | Dec. 31, 2013 |
Cash and Cash Equivalents [Line Items] | ||||
Cash and Cash Equivalents | $ 14,625 | $ 8,969 | $ 15,517 | $ 14,492 |
Marketable Securities | 5,724 | 3,597 | ||
Total | 20,349 | 12,566 | ||
United States (including Mexico) [Member] | ||||
Cash and Cash Equivalents [Line Items] | ||||
Cash and Cash Equivalents | 5,077 | 3,160 | ||
Marketable Securities | 0 | 0 | ||
Total | 5,077 | 3,160 | ||
France [Member] | ||||
Cash and Cash Equivalents [Line Items] | ||||
Cash and Cash Equivalents | 2,075 | 644 | ||
Marketable Securities | 5,724 | 3,597 | ||
Total | 7,799 | 4,241 | ||
Macau S.A.R., China [Member] | ||||
Cash and Cash Equivalents [Line Items] | ||||
Cash and Cash Equivalents | 7,473 | 5,165 | ||
Marketable Securities | 0 | 0 | ||
Total | $ 7,473 | $ 5,165 |
Cash, Cash Equivalents, and M34
Cash, Cash Equivalents, and Marketable Securities (Details 1) - USD ($) $ in Thousands | 6 Months Ended | 12 Months Ended |
Jun. 30, 2015 | Dec. 31, 2014 | |
Schedule of Available-for-sale Securities [Line Items] | ||
Cost | $ 5,724 | $ 3,597 |
Unrealized Gain/(Loss) | 0 | 0 |
Fair Value | 5,724 | 3,597 |
Certificates of Deposit [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Cost | 1,109 | 1,215 |
Unrealized Gain/(Loss) | 0 | 0 |
Fair Value | 1,109 | 1,215 |
Bond Mutual Funds [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Cost | 4,614 | 2,382 |
Unrealized Gain/(Loss) | 0 | 0 |
Fair Value | $ 4,614 | $ 2,382 |
Accounts Receivable and Allow35
Accounts Receivable and Allowance for Doubtful Accounts (Details) - USD ($) $ in Thousands | 6 Months Ended | 12 Months Ended | |
Jun. 30, 2015 | Jun. 30, 2014 | Dec. 31, 2014 | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Balance at Beginning of Year | $ 302 | $ 114 | $ 114 |
Provision (Benefit) | 533 | $ 55 | 193 |
Write-offs, Net of Recoveries | (35) | (5) | |
Exchange Rate Effect | (4) | 0 | |
Balance at End of Period | $ 796 | $ 302 |
Accounts Receivable and Allow36
Accounts Receivable and Allowance for Doubtful Accounts (Details Textual) | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | Dec. 31, 2014 | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Concentration Risk, Percentage | 100.00% | 100.00% | 100.00% | 100.00% | |
Customer One [Member] | Accounts Receivable [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Concentration Risk, Percentage | 13.00% | 30.00% | |||
Customer Two [Member] | Accounts Receivable [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Concentration Risk, Percentage | 10.00% |
Inventories (Details)
Inventories (Details) - USD ($) $ in Thousands | Jun. 30, 2015 | Dec. 31, 2014 |
Inventory [Line Items] | ||
Raw materials | $ 6,117 | $ 5,747 |
Work in progress | 915 | 1,257 |
Finished goods | 2,964 | 2,582 |
Total inventories | $ 9,996 | $ 9,586 |
Inventories (Details 1)
Inventories (Details 1) - USD ($) $ in Thousands | Jun. 30, 2015 | Dec. 31, 2014 |
Inventory [Line Items] | ||
Current | $ 9,737 | $ 9,063 |
Non-current | 259 | 523 |
Total inventories | $ 9,996 | $ 9,586 |
Property and Equipment (Details
Property and Equipment (Details) - USD ($) $ in Thousands | Jun. 30, 2015 | Dec. 31, 2014 |
Property, Plant and Equipment [Line Items] | ||
Land | $ 1,759 | $ 1,784 |
Buildings and improvements | 9,576 | 9,857 |
Equipment and furniture | 25,738 | 26,033 |
Vehicles | 381 | 368 |
Property, Plant and Equipment, Gross | 37,454 | 38,042 |
Less accumulated depreciation | (23,208) | (22,955) |
Property and equipment, net | $ 14,246 | $ 15,087 |
Property and Equipment (Detai40
Property and Equipment (Details Textual) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | |
Property, Plant and Equipment [Line Items] | ||||
Depreciation | $ 637 | $ 545 | $ 1,317 | $ 1,110 |
Goodwill and Intangible Asset41
Goodwill and Intangible Assets (Details) - USD ($) $ in Thousands | 6 Months Ended | |
Jun. 30, 2015 | Dec. 31, 2014 | |
Finite-Lived Intangible Assets [Line Items] | ||
Goodwill and Intangible assets, Gross Carrying Amount | $ 4,009 | $ 3,789 |
Goodwill and Intangible assets, Accumulated Amortization | (1,364) | (995) |
Goodwill and Intangible assets, Net Carrying Amount | 2,645 | 2,794 |
Trademarks [Member] | ||
Finite-Lived Intangible Assets [Line Items] | ||
Goodwill and Intangible assets, Gross Carrying Amount | 1,772 | 1,742 |
Goodwill and Intangible assets, Accumulated Amortization | (391) | (327) |
Goodwill and Intangible assets, Net Carrying Amount | $ 1,381 | 1,415 |
Trademarks [Member] | Minimum [Member] | ||
Finite-Lived Intangible Assets [Line Items] | ||
Goodwill and Intangible assets, Estimated Useful Life (Years) | 10 years | |
Trademarks [Member] | Maximum [Member] | ||
Finite-Lived Intangible Assets [Line Items] | ||
Goodwill and Intangible assets, Estimated Useful Life (Years) | 15 years | |
Customer List [Member] | ||
Finite-Lived Intangible Assets [Line Items] | ||
Goodwill and Intangible assets, Gross Carrying Amount | $ 1,323 | 1,298 |
Goodwill and Intangible assets, Accumulated Amortization | (190) | (107) |
Goodwill and Intangible assets, Net Carrying Amount | $ 1,133 | 1,191 |
Customer List [Member] | Minimum [Member] | ||
Finite-Lived Intangible Assets [Line Items] | ||
Goodwill and Intangible assets, Estimated Useful Life (Years) | 10 years | |
Customer List [Member] | Maximum [Member] | ||
Finite-Lived Intangible Assets [Line Items] | ||
Goodwill and Intangible assets, Estimated Useful Life (Years) | 15 years | |
Patents [Member] | ||
Finite-Lived Intangible Assets [Line Items] | ||
Goodwill and Intangible assets, Gross Carrying Amount | $ 542 | 542 |
Goodwill and Intangible assets, Accumulated Amortization | (516) | (503) |
Goodwill and Intangible assets, Net Carrying Amount | $ 26 | 39 |
Patents [Member] | Minimum [Member] | ||
Finite-Lived Intangible Assets [Line Items] | ||
Goodwill and Intangible assets, Estimated Useful Life (Years) | 13 years | |
Patents [Member] | Maximum [Member] | ||
Finite-Lived Intangible Assets [Line Items] | ||
Goodwill and Intangible assets, Estimated Useful Life (Years) | 14 years | |
Other Intangible Assets [Member] | ||
Finite-Lived Intangible Assets [Line Items] | ||
Goodwill and Intangible assets, Gross Carrying Amount | $ 372 | 207 |
Goodwill and Intangible assets, Accumulated Amortization | (267) | (58) |
Goodwill and Intangible assets, Net Carrying Amount | $ 105 | $ 149 |
Other Intangible Assets [Member] | Minimum [Member] | ||
Finite-Lived Intangible Assets [Line Items] | ||
Goodwill and Intangible assets, Estimated Useful Life (Years) | 3 years | |
Other Intangible Assets [Member] | Maximum [Member] | ||
Finite-Lived Intangible Assets [Line Items] | ||
Goodwill and Intangible assets, Estimated Useful Life (Years) | 10 years |
Goodwill and Intangible Asset42
Goodwill and Intangible Assets (Details Textual) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | Dec. 31, 2014 | |
Finite-Lived Intangible Assets [Line Items] | |||||
Amortization Of Intangible Assets | $ 72 | $ 30 | $ 149 | $ 61 | |
Goodwill | 10,292 | 10,292 | $ 10,292 | ||
GemGroup Inc [Member] | |||||
Finite-Lived Intangible Assets [Line Items] | |||||
Goodwill | $ 10,300 | $ 10,300 |
Debt (Details)
Debt (Details) $ in Thousands | Jun. 30, 2015USD ($) |
Principal Balance | |
2,015 | $ 659 |
2,016 | 1,343 |
2,017 | 1,376 |
2,018 | 1,410 |
2,019 | 1,444 |
Thereafter | 3,768 |
Long-term Debt | $ 10,000 |
Debt (Details Textual)
Debt (Details Textual) - USD ($) $ in Millions | 1 Months Ended | 6 Months Ended |
Jun. 26, 2015 | Jun. 30, 2015 | |
Line of Credit Facility [Line Items] | ||
Line of Credit Facility, Interest Rate Description | LIBOR plus 2.25% | |
Nevada State Bank [Member] | ||
Line of Credit Facility [Line Items] | ||
Long-term Line of Credit | $ 15 | |
Long-term Debt [Member] | Nevada State Bank [Member] | ||
Line of Credit Facility [Line Items] | ||
Long-term Line of Credit | $ 10 | |
Line of Credit Facility, Expiration Date | Jun. 26, 2022 | |
Line of Credit [Member] | HSBC Bank [Member] | ||
Line of Credit Facility [Line Items] | ||
Repayments of Lines of Credit | $ 10 | |
Revolving Credit Facility [Member] | Nevada State Bank [Member] | ||
Line of Credit Facility [Line Items] | ||
Long-term Line of Credit | $ 5 | |
Line of Credit Facility, Expiration Date | Jun. 26, 2020 | |
Fixed Charges One [Member] | ||
Line of Credit Facility [Line Items] | ||
Line of Credit Facility, Covenant Terms | coverage ratio greater than 1.15 to 1.00 | |
Fixed Charges Two [Member] | ||
Line of Credit Facility [Line Items] | ||
Line of Credit Facility, Covenant Terms | leverage ratio less than 3.00 to 1.00 |
Accumulated Other Comprehensi45
Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | |
Accumulated Other Comprehensive Income [Line Items] | ||||
Foreign Currency Translation, Beginning Balance | $ (1,943) | $ (322) | ||
Foreign Currency Translation, Other comprehensive income (loss) | 301 | (1,320) | $ (151) | |
Foreign Currency Translation, Ending Balance | (1,642) | (1,642) | ||
Unrealized Gains on Securities, Beginning Balance | 1 | 1 | ||
Unrealized Gains on Securities, Other comprehensive loss | 0 | 0 | ||
Unrealized Gains on Securities, Ending Balance | 1 | 1 | ||
Accumulated other comprehensive income, Beginning Balance | (1,942) | (321) | ||
Accumulated other comprehensive income, Other comprehensive income (loss) | 301 | $ (131) | (1,320) | $ (151) |
Accumulated other comprehensive income, Ending Balance | $ (1,641) | $ (1,641) |
Geographic and Product Line I46
Geographic and Product Line Information (Details) - Concentration Risk Benchmark [Domain] - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | |
Segment Reporting Information [Line Items] | ||||
Revenues | $ 16,249 | $ 10,216 | $ 34,905 | $ 20,775 |
Revenues, Percentage | 100.00% | 100.00% | 100.00% | 100.00% |
The Americas [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Revenues | $ 13,284 | $ 6,960 | $ 25,588 | $ 12,230 |
Revenues, Percentage | 81.70% | 68.10% | 73.30% | 58.80% |
Asia Pacific [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Revenues | $ 2,235 | $ 2,685 | $ 8,204 | $ 7,490 |
Revenues, Percentage | 13.80% | 26.30% | 23.50% | 36.10% |
Europe and Africa [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Revenues | $ 730 | $ 571 | $ 1,113 | $ 1,055 |
Revenues, Percentage | 4.50% | 5.60% | 3.20% | 5.10% |
Geographic and Product Line I47
Geographic and Product Line Information (Details 1) - Concentration Risk Benchmark [Domain] - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | |
Segment Reporting Information [Line Items] | ||||
Revenues | $ 16,249 | $ 10,216 | $ 34,905 | $ 20,775 |
Revenues, Percentage | 100.00% | 100.00% | 100.00% | 100.00% |
Casino currency without RFID [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Revenues | $ 3,547 | $ 3,987 | $ 6,626 | $ 6,264 |
Revenues, Percentage | 21.80% | 39.10% | 19.00% | 30.20% |
Casino currency with RFID [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Revenues | $ 1,038 | $ 781 | $ 4,657 | $ 4,661 |
Revenues, Percentage | 6.40% | 7.60% | 13.30% | 22.40% |
Total casino currency [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Revenues | $ 4,585 | $ 4,768 | $ 11,283 | $ 10,925 |
Revenues, Percentage | 28.20% | 46.70% | 32.30% | 52.60% |
Playing Cards [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Revenues | $ 5,852 | $ 1,649 | $ 11,627 | $ 3,187 |
Revenues, Percentage | 36.00% | 16.20% | 33.30% | 15.30% |
Table Accessories and Other Products [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Revenues | $ 1,926 | $ 988 | $ 3,568 | $ 1,639 |
Revenues, Percentage | 11.90% | 9.70% | 10.20% | 7.90% |
Table Layouts [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Revenues | $ 1,430 | $ 1,005 | $ 3,124 | $ 1,861 |
Revenues, Percentage | 8.80% | 9.80% | 9.00% | 9.00% |
Dice [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Revenues | $ 736 | $ 655 | $ 1,336 | $ 1,165 |
Revenues, Percentage | 4.50% | 6.40% | 3.80% | 5.60% |
RFID Solutions [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Revenues | $ 594 | $ 130 | $ 1,454 | $ 376 |
Revenues, Percentage | 3.70% | 1.30% | 4.20% | 1.80% |
Gaming Furniture [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Revenues | $ 376 | $ 577 | $ 963 | $ 833 |
Revenues, Percentage | 2.30% | 5.60% | 2.80% | 4.00% |
Shipping [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Revenues | $ 750 | $ 444 | $ 1,549 | $ 789 |
Revenues, Percentage | 4.60% | 4.30% | 4.40% | 3.80% |
Geographic and Product Line I48
Geographic and Product Line Information (Details 2) - USD ($) $ in Thousands | Jun. 30, 2015 | Dec. 31, 2014 |
Segment Reporting Information [Line Items] | ||
Property and equipment, net | $ 14,246 | $ 15,087 |
United States [Member] | ||
Segment Reporting Information [Line Items] | ||
Property and equipment, net | 8,138 | 8,199 |
France [Member] | ||
Segment Reporting Information [Line Items] | ||
Property and equipment, net | 3,329 | 3,699 |
Mexico [Member] | ||
Segment Reporting Information [Line Items] | ||
Property and equipment, net | 2,654 | 3,055 |
Asia [Member] | ||
Segment Reporting Information [Line Items] | ||
Property and equipment, net | $ 125 | $ 134 |
Geographic and Product Line I49
Geographic and Product Line Information (Details 3) - USD ($) $ in Thousands | Jun. 30, 2015 | Dec. 31, 2014 |
Segment Reporting Information [Line Items] | ||
Intangible assets, net | $ 2,645 | $ 2,794 |
United States [Member] | ||
Segment Reporting Information [Line Items] | ||
Intangible assets, net | 2,123 | 2,249 |
Asia [Member] | ||
Segment Reporting Information [Line Items] | ||
Intangible assets, net | 516 | 535 |
France [Member] | ||
Segment Reporting Information [Line Items] | ||
Intangible assets, net | $ 6 | $ 10 |
Geographic and Product Line I50
Geographic and Product Line Information (Details Textual) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | |
Segment Reporting Information [Line Items] | ||||
Revenues, Percentage | 100.00% | 100.00% | 100.00% | 100.00% |
Sales Revenue, Net [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Revenues, Percentage | 10.00% | |||
Customer One [Member] | Sales Revenue, Net [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Revenues, Percentage | 12.00% |
Earnings per Share (EPS) (Detai
Earnings per Share (EPS) (Details) - shares shares in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | |
Basic and Diluted Earnings Per Share [Line Items] | ||||
Weighted-average number of common shares outstanding - basic | 7,929 | 7,916 | 7,922 | 7,916 |
Potential dilution from equity grants | 0 | 0 | 113 | 0 |
Weighted-average number of common shares outstanding - diluted | 7,929 | 7,916 | 8,035 | 7,916 |
Income Taxes (Details Textual)
Income Taxes (Details Textual) - USD ($) $ in Millions | 3 Months Ended | |
Jun. 30, 2015 | Dec. 31, 2014 | |
Tax Credit Carryforward, Valuation Allowance | $ 2 | |
Dividend Income On Pledged Net Assets | $ 7 |