Document And Entity Information
Document And Entity Information - shares | 6 Months Ended | |
Jun. 30, 2017 | Aug. 04, 2017 | |
Document Information [Line Items] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Period End Date | Jun. 30, 2017 | |
Document Fiscal Year Focus | 2,017 | |
Document Fiscal Period Focus | Q2 | |
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 | 7,932,094 |
CONDENSED CONSOLIDATED BALANCE
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands | Jun. 30, 2017 | Dec. 31, 2016 |
Current Assets: | ||
Cash and cash equivalents | $ 13,178 | $ 10,604 |
Accounts receivable, net | 7,357 | 11,069 |
Inventories | 19,121 | 14,987 |
Prepaid expenses | 959 | 812 |
Other current assets | 2,064 | 1,620 |
Total current assets | 42,679 | 39,092 |
Property and equipment, net | 25,514 | 24,310 |
Goodwill | 10,292 | 10,292 |
Intangible assets, net | 1,790 | 1,818 |
Equity method investment | 451 | 0 |
Deferred income tax assets | 2,013 | 1,579 |
Inventories, non-current | 1,018 | 598 |
Other assets, non-current | 1,963 | 2,310 |
Total assets | 85,720 | 79,999 |
Current Liabilities: | ||
Accounts payable | 7,799 | 3,466 |
Accrued liabilities | 4,562 | 5,698 |
Customer deposits and deferred revenue | 5,495 | 3,679 |
Current portion of long-term debt | 1,380 | 1,367 |
Income taxes payable | 615 | 531 |
Total current liabilities | 19,851 | 14,741 |
Long-term debt | 5,962 | 6,649 |
Other liabilities, non-current | 187 | 1,076 |
Total liabilities | 26,000 | 22,466 |
Commitments and contingencies - see Note 10 | ||
Stockholders' Equity: | ||
Preferred stock, authorized 10,000,000 shares, $0.01 par value, none issued and outstanding | 0 | 0 |
Common stock, authorized 30,000,000 shares, $0.01 par value, 8,223,077 and 7,932,094 shares issued and outstanding, respectively, as of June 30, 2017, and 8,219,577 and 7,928,594 shares issued and outstanding, respectively, as of December 31, 2016 | 82 | 82 |
Additional paid-in capital | 20,122 | 20,031 |
Treasury stock at cost: 290,983 shares | (2,263) | (2,263) |
Retained earnings | 43,024 | 42,044 |
Accumulated other comprehensive loss | (1,245) | (2,361) |
Total stockholders' equity | 59,720 | 57,533 |
Total liabilities and stockholders' equity | $ 85,720 | $ 79,999 |
CONDENSED CONSOLIDATED BALANCE3
CONDENSED CONSOLIDATED BALANCE SHEETS [Parenthetical] - $ / shares | Jun. 30, 2017 | Dec. 31, 2016 |
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 | 8,223,077 | 8,219,577 |
Common stock, shares outstanding | 7,932,094 | 7,928,594 |
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, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016 | |
Revenues | $ 16,274 | $ 20,344 | $ 35,187 | $ 36,437 |
Cost of revenues | 12,416 | 13,027 | 25,510 | 25,152 |
Gross profit | 3,858 | 7,317 | 9,677 | 11,285 |
Marketing and sales | 1,476 | 1,573 | 3,203 | 3,098 |
General and administrative | 1,958 | 2,519 | 4,283 | 4,692 |
Research and development | 348 | 352 | 658 | 659 |
Operating income | 76 | 2,873 | 1,533 | 2,836 |
Other income (expense), net | 9 | 7 | (83) | (75) |
Income before income taxes | 85 | 2,880 | 1,450 | 2,761 |
Income tax provision | 36 | 803 | 470 | 764 |
Net income | $ 49 | $ 2,077 | $ 980 | $ 1,997 |
Earnings per share: | ||||
Basic | $ 0.01 | $ 0.26 | $ 0.12 | $ 0.25 |
Diluted | $ 0.01 | $ 0.26 | $ 0.12 | $ 0.25 |
Weighted-average shares of common stock outstanding: | ||||
Basic | 7,929 | 7,929 | 7,929 | 7,929 |
Diluted | 8,058 | 8,037 | 8,058 | 8,038 |
CONDENSED CONSOLIDATED STATEME5
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016 | |
Net income | $ 49 | $ 2,077 | $ 980 | $ 1,997 |
Other comprehensive income (loss): | ||||
Foreign currency translation adjustment | 909 | (293) | 1,116 | 252 |
Total other comprehensive income (loss) | 909 | (293) | 1,116 | 252 |
Comprehensive income | $ 958 | $ 1,784 | $ 2,096 | $ 2,249 |
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 Loss [Member] |
Balance at Dec. 31, 2015 | $ 53,788 | $ 82 | $ 20,033 | $ (2,263) | $ 37,812 | $ (1,876) |
Balance (in shares) at Dec. 31, 2015 | 7,928,594 | |||||
Net income | 1,997 | $ 0 | 0 | 0 | 1,997 | 0 |
Stock compensation expense | 43 | 0 | 43 | 0 | 0 | 0 |
Tax impact of stock options | (67) | 0 | (67) | 0 | 0 | 0 |
Foreign currency translation adjustment | 252 | 0 | 0 | 0 | 0 | 252 |
Balance at Jun. 30, 2016 | 56,013 | $ 82 | 20,009 | (2,263) | 39,809 | (1,624) |
Balance (in shares) at Jun. 30, 2016 | 7,928,594 | |||||
Balance at Dec. 31, 2016 | 57,533 | $ 82 | 20,031 | (2,263) | 42,044 | (2,361) |
Balance (in shares) at Dec. 31, 2016 | 7,928,594 | |||||
Net income | 980 | $ 0 | 0 | 0 | 980 | 0 |
Common stock options exercised | 35 | $ 0 | 35 | 0 | 0 | 0 |
Common stock options exercised (in shares) | 3,500 | |||||
Stock compensation expense | 56 | $ 0 | 56 | 0 | 0 | 0 |
Foreign currency translation adjustment | 1,116 | 0 | 0 | 0 | 0 | 1,116 |
Balance at Jun. 30, 2017 | $ 59,720 | $ 82 | $ 20,122 | $ (2,263) | $ 43,024 | $ (1,245) |
Balance (in shares) at Jun. 30, 2017 | 7,932,094 |
CONDENSED CONSOLIDATED STATEME7
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands | 6 Months Ended | |
Jun. 30, 2017 | Jun. 30, 2016 | |
Cash Flows from Operating Activities | ||
Net income | $ 980 | $ 1,997 |
Adjustments to reconcile net income to net cash provided (used in) by operating activities: | ||
Depreciation of property and equipment | 1,886 | 1,329 |
Amortization of intangible assets | 128 | 138 |
Provision for (recovery of) bad debt | (322) | 115 |
Deferred income taxes | (397) | (445) |
Stock compensation expense | 56 | 43 |
Tax impact of stock options | 0 | (67) |
Gain on sale or disposal of property and equipment | (9) | 0 |
Gain on sale of marketable securities | 0 | (1) |
Change in operating assets and liabilities: | ||
Accounts receivable | 4,049 | (1,027) |
Inventories | (4,026) | (3,379) |
Prepaid expenses and other current assets | (467) | (890) |
Non-current other assets | 447 | 21 |
Accounts payable | 3,383 | (950) |
Accrued liabilities | (2,164) | (1,700) |
Customer deposits and deferred revenue | 1,731 | 3,019 |
Income taxes payable | 85 | 283 |
Net cash provided by (used in) operating activities | 5,360 | (1,514) |
Cash Flows from Investing Activities | ||
Proceeds from sale of marketable securities | 0 | 1,903 |
Proceeds from sale of property and equipment | 9 | 0 |
Purchase of licensing rights | (100) | 0 |
Purchase of equity method investment | (451) | 0 |
Capital expenditures | (1,798) | (6,568) |
Net cash used in investing activities | (2,340) | (4,665) |
Cash Flows from Financing Activities | ||
Principal payments on long-term debt | (673) | (662) |
Proceeds from exercise of stock options | 35 | 0 |
Net cash used in financing activities | (638) | (662) |
Effect of exchange rate changes on cash | 192 | 79 |
Net increase (decrease) in cash and cash equivalents | 2,574 | (6,762) |
Cash and cash equivalents, beginning of period | 10,604 | 17,788 |
Cash and cash equivalents, end of period | 13,178 | 11,026 |
Supplemental disclosures of cash flow information | ||
Cash paid for interest | 122 | 123 |
Cash paid for income taxes, net of refunds | 637 | 1,038 |
Supplemental disclosure of non-cash investing and financing activities | ||
Property and equipment acquired through accounts payable | $ 886 | $ 2,400 |
Nature of Business and Signific
Nature of Business and Significant Accounting Policies | 6 Months Ended |
Jun. 30, 2017 | |
Accounting Policies [Abstract] | |
Business Description and Accounting Policies [Text Block] | Organization and Nature of Business Gaming Partners International Corporation (GPIC or the Company) is headquartered in North Las Vegas, Nevada. Our business activities include the manufacture and sale of casino currencies, playing cards, table layouts, gaming furniture, table accessories, dice, roulette wheels, and radio frequency identification (RFID) readers and software, all of which are used with casino table games such as blackjack, poker, baccarat, craps, and roulette. The Company 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 of our products is either manufactured in France or purchased from United States vendors. We warehouse inventory in San Luis, Arizona; Blue Springs, Missouri; and North Las Vegas, Nevada. We have sales offices in North 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 our full product line in the Asia-Pacific region. GPI Asia also sells table layouts that it manufactures in Macau S.A.R. Significant Accounting Policies The accompanying unaudited condensed consolidated financial statements include the accounts of GPIC and its wholly-owned subsidiaries GPI SAS, GPI USA, and GPI Asia. All material intercompany balances and transactions have been eliminated in consolidation. We use the equity method to account for investments in companies if the investment provides the ability to exercise significant influence, but not control, over operating and financial policies of the investee. Our proportionate share of the net income or loss of these companies is included in consolidated net earnings. Judgment regarding the level of influence over each equity method investment includes considering key factors such as our ownership interest or participation in policy-making decisions and material intercompany transactions. In the event we no longer have the ability to exercise significant influence over an equity-method investee, we would discontinue accounting for the investment under the equity method. The accompanying unaudited 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 for the fiscal year ended December 31, 2016, filed with the SEC on March 24, 2017. 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 March 2017, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) ASU 2017-17, Compensation Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost In January 2017, the FASB issued ASU 2017-04, Intangibles - Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment In January 2017, the FASB issued ASU 2017-01, Business Combinations (Topic 805): Clarifying the Definition of a Business In October 2016, the FASB issued ASU 2016-16, Income Taxes (Topic 740): Intra-Entity Transfers of Assets Other Than Inventory In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842) In May 2014, the FASB issued ASU 2014-09, Revenues from Contracts with Customers (Topic 606) • ASU 2016-08 (Issued March 2016) - Principal versus Agent Consideration (Reporting Revenue Gross versus Net) • ASU 2016-10 (Issued April 2016) - Identifying Performance Obligations and Licensing • ASU 2016-12 (Issued May 2016) - Narrow-Scope Improvements and Practical Expedients • ASU 2016-20 (Issued December 2016) - Technical Corrections and Improvements to Topic 606, Revenue from Contracts with Customers The guidance provides for a five-step model to determine the revenue recognized for the transfer of goods or services to customers that reflects the expected entitled consideration in exchange for those goods or services. It also provides clarification for principal versus agent considerations and identifying performance obligations. In addition, the FASB introduced practical expedients related to disclosures of remaining performance obligations, as well as other amendments to guidance on collectability, non-cash consideration and the presentation of sales and other similar taxes. Financial statement disclosures required under the guidance will enable users to understand the nature, amount, timing, judgments and uncertainty of revenue and cash flows relating to customer contracts. The two permitted transition methods under the guidance are the full retrospective approach or a cumulative effect adjustment to the opening retained earnings in the year of adoption (cumulative effect approach). The guidance is effective in 2018, with early adoption permitted. We are utilizing a comprehensive approach to assess the impact of the guidance on our current accounting policies and practices to identify potential differences that would result from applying the new requirements to our revenue contracts, including evaluation of our performance obligations. We continue to evaluate the impact, if any, on changes to our business processes, systems and controls to support recognition and disclosure under the new guidance and, based on the foregoing, we do not currently expect this guidance to have a material impact on our consolidated financial statements. We are continuing with our implementation plan and currently expect to adopt the new guidance beginning in 2018 using the cumulative effect approach. Recently Adopted Accounting Standards. Compensation Stock Compensation (Topic 718) In July 2015, the FASB issued ASU 2015-11, Inventory (Topic 330): Simplifying the Measurement of Inventory |
Dolphin Asset Acquisition
Dolphin Asset Acquisition | 6 Months Ended |
Jun. 30, 2017 | |
Business Combinations [Abstract] | |
Business Combination Disclosure [Text Block] | Note 2. Dolphin Asset Acquisition On May 11, 2016, the Company entered into and closed an Asset Purchase Agreement to purchase certain assets used in the design and manufacture of casino currency from Dolphin Products Limited (Dolphin), a wholly owned subsidiary of Entertainment Gaming Asia Inc. (EGT). The purchased assets were primarily equipment and inventory. 7.3 5.1 1.1 1.1 Assets acquired Property and equipment $ 5,691 Inventory 1,622 Total acquired $ 7,313 |
Cash and Cash Equivalents
Cash and Cash Equivalents | 6 Months Ended |
Jun. 30, 2017 | |
Cash and Cash Equivalents [Abstract] | |
Cash, Cash Equivalents, and Marketable Securities [Text Block] | Note 3. Cash and Cash Equivalents June 30, 2017 December 31, 2016 United States (including Mexico) $ 7,691 $ 3,237 Macau S.A.R., China 3,588 4,104 France 1,899 3,263 Total $ 13,178 $ 10,604 |
Accounts Receivable
Accounts Receivable | 6 Months Ended |
Jun. 30, 2017 | |
Valuation and Qualifying Accounts [Abstract] | |
Schedule of Valuation and Qualifying Accounts Disclosure [Text Block] | Note 4. Accounts Receivable At June 30, 2017, no individual customer accounted for 10 25 |
Inventories
Inventories | 6 Months Ended |
Jun. 30, 2017 | |
Inventory Disclosure [Abstract] | |
Inventory Disclosure [Text Block] | Note 5. Inventories June 30, 2017 December 31, 2016 Raw materials $ 12,523 $ 11,129 Work in progress 2,773 1,137 Finished goods 4,843 3,319 Total inventories $ 20,139 $ 15,585 June 30, 2017 December 31, 2016 Current $ 19,121 $ 14,987 Non-current 1,018 598 Total inventories $ 20,139 $ 15,585 |
Property and Equipment
Property and Equipment | 6 Months Ended |
Jun. 30, 2017 | |
Property, Plant and Equipment [Abstract] | |
Property, Plant and Equipment Disclosure [Text Block] | Note 6. Property and Equipment June 30, 2017 December 31, 2016 Land $ 657 $ 636 Buildings and improvements 10,690 10,280 Equipment and furniture 38,689 35,618 Vehicles 404 379 Construction in progress 1,054 1,327 51,494 48,240 Less accumulated depreciation (25,980) (23,930) Property and equipment, net $ 25,514 $ 24,310 Depreciation expense for the three months ended June 30, 2017 and 2016 was $ 959 661 1,886 1,329 0.2 |
Goodwill and Intangible Assets
Goodwill and Intangible Assets | 6 Months Ended |
Jun. 30, 2017 | |
Goodwill and Intangible Assets Disclosure [Abstract] | |
Intangible Assets Disclosure [Text Block] | Note 7. Goodwill and Intangible Assets We had goodwill of $ 10,292 June 30, 2017 December 31, 2016 Gross Carrying Amount Accum. Amort. Net Carrying Amount Gross Carrying Amount Accum. Amort. Net Carrying Amount Trademarks $ 1,711 $ (640) $ 1,071 $ 1,711 $ (579) $ 1,132 Customer list 897 (315) 582 897 (278) 619 Patents 542 (530) 12 542 (527) 15 Other intangible assets 472 (347) 125 372 (320) 52 Total intangible assets $ 3,622 $ (1,832) $ 1,790 $ 3,522 $ (1,704) $ 1,818 Amortization expense for intangible assets for the three months ended June 30, 2017 and 2016 was $ 65 68 128 138 |
Equity method investment
Equity method investment | 6 Months Ended |
Jun. 30, 2017 | |
Investments, Debt and Equity Securities [Abstract] | |
Cost and Equity Method Investments Disclosure [Text Block] | Note 8. Equity method investment On May 31, 2017, GPIC acquired 20% of the outstanding shares of Onlive Gaming SAS for $451,000. Onlive Gaming SAS is a company dedicated to the development of electronic products using the RFID technology. The equity method was used to account for this investment because of our ability to exercise significant influence, but not control, over operating and financial policies of Onlive Gaming SAS. |
Debt
Debt | 6 Months Ended |
Jun. 30, 2017 | |
Debt Disclosure [Abstract] | |
Debt Disclosure [Text Block] | Note 9. Debt On June 26, 2015, the Company entered into a Credit Agreement with Nevada State Bank to borrow a combined $ 15.0 10.0 5.0 June 26, 2022 June 26, 2020 Interest on funds borrowed under the term loan and the revolving loan are charged at a rate per annum equal to LIBOR plus 2.25% Year Ending Long-term Debt 2017 (remaining 6 months) $ 685 2018 1,403 2019 1,450 2020 1,499 2021 1,549 Thereafter 756 Total $ 7,342 |
Commitments and Contingencies
Commitments and Contingencies | 6 Months Ended |
Jun. 30, 2017 | |
Commitments and Contingencies Disclosure [Abstract] | |
Commitments and Contingencies Disclosure [Text Block] | Note 10. Commitments and Contingencies Operating Lease Commitments The Company has various operating leases that are used in the normal course of business. The operating leases consist of buildings and equipment that expire on various dates through 2022. Minimum Lease Year Ending Payments 2017 (remaining 6 months) $ 492 2018 824 2019 380 2020 265 2021 270 2022 216 Total $ 2,447 Legal Proceedings and Contingencies From time to time we are engaged in disputes and claims that arise in the normal course of business. We believe that 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. |
Geographic and Product Line Inf
Geographic and Product Line Information | 6 Months Ended |
Jun. 30, 2017 | |
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. The following tables present our net sales by geographic area (dollars in thousands): Three Months Ended June 30, 2017 2016 Revenues The Americas $ 13,560 83.3 % $ 16,200 79.6 % Asia-Pacific 2,087 12.8 % 2,596 12.8 % Europe and Africa 627 3.9 % 1,548 7.6 % Total $ 16,274 100.0 % $ 20,344 100.0 % Six Months Ended 2017 2016 Revenues The Americas $ 27,823 79.1 % $ 28,494 78.2 % Asia-Pacific 6,208 17.6 % 5,357 14.7 % Europe and Africa 1,156 3.3 % 2,586 7.1 % Total $ 35,187 100.0 % $ 36,437 100.0 % The following tables present our net sales by product line (dollars in thousands): Three Months Ended June 30, 2017 2016 Casino currency without RFID $ 3,498 21.5 % $ 5,671 27.9 % Casino currency with RFID 1,204 7.4 % 1,386 6.8 % Total casino currency 4,702 28.9 % 7,057 34.7 % Playing cards 6,181 38.0 % 6,481 31.9 % Table accessories and other products 1,591 9.8 % 1,786 8.8 % Table layouts 1,246 7.7 % 1,351 6.6 % Gaming furniture 790 4.9 % 629 3.1 % Dice 723 4.4 % 791 3.9 % RFID solutions 317 1.9 % 1,450 7.1 % Shipping 724 4.4 % 799 3.9 % Total $ 16,274 100.0 % $ 20,344 100.0 % Six Months Ended June 30, 2017 2016 Casino currency without RFID $ 7,393 21.0 % $ 8,479 23.3 % Casino currency with RFID 3,962 11.3 % 3,525 9.7 % Total casino currency 11,355 32.3 % 12,004 32.9 % Playing cards 12,516 35.6 % 13,046 35.8 % Table accessories and other products 3,484 9.9 % 3,153 8.7 % Table layouts 2,548 7.2 % 2,716 7.5 % Gaming furniture 1,542 4.4 % 1,037 2.8 % Dice 1,424 4.0 % 1,429 3.9 % RFID solutions 689 2.0 % 1,525 4.2 % Shipping 1,629 4.6 % 1,527 4.2 % Total $ 35,187 100.0 % $ 36,437 100.0 % For the six months ended June 30, 2017 and 2016, no customer accounted for 10% or more of revenues. June 30, 2017 December 31, 2016 United States $ 13,757 $ 13,242 Mexico 6,136 6,142 France 5,192 4,614 Macau S.A.R., China 429 312 Total $ 25,514 $ 24,310 Intangible assets, net: June 30, 2017 December 31, 2016 United States $ 1,746 $ 1,772 Macau S.A.R., China 44 46 Total $ 1,790 $ 1,818 |
Earnings per Share
Earnings per Share | 6 Months Ended |
Jun. 30, 2017 | |
Earnings Per Share [Abstract] | |
Earnings Per Share [Text Block] | Note 12. Earnings per Share Three Months Ended Six Months Ended June 30, June 30, 2017 2016 2017 2016 Weighted-average number of common shares outstanding - basic 7,929 7,929 7,929 7,929 Potential dilution from equity options granted 129 108 129 109 Weighted-average number of common shares outstanding - diluted 8,058 8,037 8,058 8,038 Three Months Ended Six Months Ended June 30, June 30, 2017 2016 2017 2016 Outstanding anti-dilutive options 20 41 16 39 |
Nature of Business and Signif20
Nature of Business and Significant Accounting Policies (Policies) | 6 Months Ended |
Jun. 30, 2017 | |
Accounting Policies [Abstract] | |
Consolidation, Policy [Policy Text Block] | The accompanying unaudited condensed consolidated financial statements include the accounts of GPIC and its wholly-owned subsidiaries GPI SAS, GPI USA, and GPI Asia. All material intercompany balances and transactions have been eliminated in consolidation. We use the equity method to account for investments in companies if the investment provides the ability to exercise significant influence, but not control, over operating and financial policies of the investee. Our proportionate share of the net income or loss of these companies is included in consolidated net earnings. Judgment regarding the level of influence over each equity method investment includes considering key factors such as our ownership interest or participation in policy-making decisions and material intercompany transactions. In the event we no longer have the ability to exercise significant influence over an equity-method investee, we would discontinue accounting for the investment under the equity method. The accompanying unaudited 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 for the fiscal year ended December 31, 2016, filed with the SEC on March 24, 2017. 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 March 2017, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) ASU 2017-17, Compensation Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost In January 2017, the FASB issued ASU 2017-04, Intangibles - Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment In January 2017, the FASB issued ASU 2017-01, Business Combinations (Topic 805): Clarifying the Definition of a Business In October 2016, the FASB issued ASU 2016-16, Income Taxes (Topic 740): Intra-Entity Transfers of Assets Other Than Inventory In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842) In May 2014, the FASB issued ASU 2014-09, Revenues from Contracts with Customers (Topic 606) • ASU 2016-08 (Issued March 2016) - Principal versus Agent Consideration (Reporting Revenue Gross versus Net) • ASU 2016-10 (Issued April 2016) - Identifying Performance Obligations and Licensing • ASU 2016-12 (Issued May 2016) - Narrow-Scope Improvements and Practical Expedients • ASU 2016-20 (Issued December 2016) - Technical Corrections and Improvements to Topic 606, Revenue from Contracts with Customers The guidance provides for a five-step model to determine the revenue recognized for the transfer of goods or services to customers that reflects the expected entitled consideration in exchange for those goods or services. It also provides clarification for principal versus agent considerations and identifying performance obligations. In addition, the FASB introduced practical expedients related to disclosures of remaining performance obligations, as well as other amendments to guidance on collectability, non-cash consideration and the presentation of sales and other similar taxes. Financial statement disclosures required under the guidance will enable users to understand the nature, amount, timing, judgments and uncertainty of revenue and cash flows relating to customer contracts. The two permitted transition methods under the guidance are the full retrospective approach or a cumulative effect adjustment to the opening retained earnings in the year of adoption (cumulative effect approach). The guidance is effective in 2018, with early adoption permitted. We are utilizing a comprehensive approach to assess the impact of the guidance on our current accounting policies and practices to identify potential differences that would result from applying the new requirements to our revenue contracts, including evaluation of our performance obligations. We continue to evaluate the impact, if any, on changes to our business processes, systems and controls to support recognition and disclosure under the new guidance and, based on the foregoing, we do not currently expect this guidance to have a material impact on our consolidated financial statements. We are continuing with our implementation plan and currently expect to adopt the new guidance beginning in 2018 using the cumulative effect approach. Recently Adopted Accounting Standards. Compensation Stock Compensation (Topic 718) In July 2015, the FASB issued ASU 2015-11, Inventory (Topic 330): Simplifying the Measurement of Inventory |
Dolphin Asset Acquisition (Tabl
Dolphin Asset Acquisition (Tables) | 6 Months Ended |
Jun. 30, 2017 | |
Business Combinations [Abstract] | |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block] | 7.3 5.1 1.1 1.1 Assets acquired Property and equipment $ 5,691 Inventory 1,622 Total acquired $ 7,313 |
Cash and Cash Equivalents (Tabl
Cash and Cash Equivalents (Tables) | 6 Months Ended |
Jun. 30, 2017 | |
Cash and Cash Equivalents [Abstract] | |
Cash and Cash Equivalents [Table Text Block] | We hold our cash and cash equivalents in various financial institutions in the countries shown below. Substantially all accounts have balances in excess of government-insured limits. The following summarizes our holdings (in thousands): June 30, 2017 December 31, 2016 United States (including Mexico) $ 7,691 $ 3,237 Macau S.A.R., China 3,588 4,104 France 1,899 3,263 Total $ 13,178 $ 10,604 |
Inventories (Tables)
Inventories (Tables) | 6 Months Ended |
Jun. 30, 2017 | |
Inventory Disclosure [Abstract] | |
Schedule of Inventory, Current [Table Text Block] | Inventories consisted of the following (in thousands): June 30, 2017 December 31, 2016 Raw materials $ 12,523 $ 11,129 Work in progress 2,773 1,137 Finished goods 4,843 3,319 Total inventories $ 20,139 $ 15,585 |
Schedule of Inventory, Noncurrent [Table Text Block] | 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 unaudited condensed consolidated balance sheets was as follows (in thousands): June 30, 2017 December 31, 2016 Current $ 19,121 $ 14,987 Non-current 1,018 598 Total inventories $ 20,139 $ 15,585 |
Property and Equipment (Tables)
Property and Equipment (Tables) | 6 Months Ended |
Jun. 30, 2017 | |
Property, Plant and Equipment [Abstract] | |
Property, Plant and Equipment [Table Text Block] | Property and equipment consisted of the following (in thousands): June 30, 2017 December 31, 2016 Land $ 657 $ 636 Buildings and improvements 10,690 10,280 Equipment and furniture 38,689 35,618 Vehicles 404 379 Construction in progress 1,054 1,327 51,494 48,240 Less accumulated depreciation (25,980) (23,930) Property and equipment, net $ 25,514 $ 24,310 |
Goodwill and Intangible Assets
Goodwill and Intangible Assets (Tables) | 6 Months Ended |
Jun. 30, 2017 | |
Goodwill and Intangible Assets Disclosure [Abstract] | |
Schedule of Finite-Lived Intangible Assets [Table Text Block] | Intangible assets consisted of the following (in thousands): June 30, 2017 December 31, 2016 Gross Carrying Amount Accum. Amort. Net Carrying Amount Gross Carrying Amount Accum. Amort. Net Carrying Amount Trademarks $ 1,711 $ (640) $ 1,071 $ 1,711 $ (579) $ 1,132 Customer list 897 (315) 582 897 (278) 619 Patents 542 (530) 12 542 (527) 15 Other intangible assets 472 (347) 125 372 (320) 52 Total intangible assets $ 3,622 $ (1,832) $ 1,790 $ 3,522 $ (1,704) $ 1,818 |
Debt (Tables)
Debt (Tables) | 6 Months Ended |
Jun. 30, 2017 | |
Debt Disclosure [Abstract] | |
Schedule of Maturities of Long-term Debt [Table Text Block] | At June 30, 2017, estimated repayment obligations for the principal balance of long-term debt were as follows (in thousands): Year Ending Long-term Debt 2017 (remaining 6 months) $ 685 2018 1,403 2019 1,450 2020 1,499 2021 1,549 Thereafter 756 Total $ 7,342 |
Commitments and Contingencies (
Commitments and Contingencies (Tables) | 6 Months Ended |
Jun. 30, 2017 | |
Commitments and Contingencies Disclosure [Abstract] | |
Contractual Obligation, Fiscal Year Maturity Schedule [Table Text Block] | At June 30, 2017, minimum lease payment obligations were as follows (in thousands): Minimum Lease Year Ending Payments 2017 (remaining 6 months) $ 492 2018 824 2019 380 2020 265 2021 270 2022 216 Total $ 2,447 |
Geographic and Product Line I28
Geographic and Product Line Information (Tables) | 6 Months Ended |
Jun. 30, 2017 | |
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 (dollars in thousands): Three Months Ended June 30, 2017 2016 Revenues The Americas $ 13,560 83.3 % $ 16,200 79.6 % Asia-Pacific 2,087 12.8 % 2,596 12.8 % Europe and Africa 627 3.9 % 1,548 7.6 % Total $ 16,274 100.0 % $ 20,344 100.0 % Six Months Ended 2017 2016 Revenues The Americas $ 27,823 79.1 % $ 28,494 78.2 % Asia-Pacific 6,208 17.6 % 5,357 14.7 % Europe and Africa 1,156 3.3 % 2,586 7.1 % Total $ 35,187 100.0 % $ 36,437 100.0 % |
Schedule of Product Revenue [Table Text Block] | The following tables present our net sales by product line (dollars in thousands): Three Months Ended June 30, 2017 2016 Casino currency without RFID $ 3,498 21.5 % $ 5,671 27.9 % Casino currency with RFID 1,204 7.4 % 1,386 6.8 % Total casino currency 4,702 28.9 % 7,057 34.7 % Playing cards 6,181 38.0 % 6,481 31.9 % Table accessories and other products 1,591 9.8 % 1,786 8.8 % Table layouts 1,246 7.7 % 1,351 6.6 % Gaming furniture 790 4.9 % 629 3.1 % Dice 723 4.4 % 791 3.9 % RFID solutions 317 1.9 % 1,450 7.1 % Shipping 724 4.4 % 799 3.9 % Total $ 16,274 100.0 % $ 20,344 100.0 % Six Months Ended June 30, 2017 2016 Casino currency without RFID $ 7,393 21.0 % $ 8,479 23.3 % Casino currency with RFID 3,962 11.3 % 3,525 9.7 % Total casino currency 11,355 32.3 % 12,004 32.9 % Playing cards 12,516 35.6 % 13,046 35.8 % Table accessories and other products 3,484 9.9 % 3,153 8.7 % Table layouts 2,548 7.2 % 2,716 7.5 % Gaming furniture 1,542 4.4 % 1,037 2.8 % Dice 1,424 4.0 % 1,429 3.9 % RFID solutions 689 2.0 % 1,525 4.2 % Shipping 1,629 4.6 % 1,527 4.2 % Total $ 35,187 100.0 % $ 36,437 100.0 % |
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, 2017 December 31, 2016 United States $ 13,757 $ 13,242 Mexico 6,136 6,142 France 5,192 4,614 Macau S.A.R., China 429 312 Total $ 25,514 $ 24,310 |
Schedule of Intangible Assets and Goodwill [Table Text Block] | Intangible assets, net: June 30, 2017 December 31, 2016 United States $ 1,746 $ 1,772 Macau S.A.R., China 44 46 Total $ 1,790 $ 1,818 |
Earnings per Share (Tables)
Earnings per Share (Tables) | 6 Months Ended |
Jun. 30, 2017 | |
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 were as follows (in thousands): Three Months Ended Six Months Ended June 30, June 30, 2017 2016 2017 2016 Weighted-average number of common shares outstanding - basic 7,929 7,929 7,929 7,929 Potential dilution from equity options granted 129 108 129 109 Weighted-average number of common shares outstanding - diluted 8,058 8,037 8,058 8,038 |
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block] | 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 (in thousands): Three Months Ended Six Months Ended June 30, June 30, 2017 2016 2017 2016 Outstanding anti-dilutive options 20 41 16 39 |
Dolphin Asset Acquisition (Deta
Dolphin Asset Acquisition (Details) - Dolphin Asset Acquisition [Member] $ in Thousands | Jun. 30, 2017USD ($) |
Property and equipment | $ 5,691 |
Inventory | 1,622 |
Total acquired | $ 7,313 |
Dolphin Asset Acquisition (De31
Dolphin Asset Acquisition (Details Textual) - USD ($) $ in Millions | May 11, 2016 | Jun. 30, 2017 | Dec. 31, 2016 | May 11, 2018 |
Business Combination, Consideration Transferred | $ 7.3 | |||
Payments to Acquire Businesses, Gross | $ 1.1 | $ 5.1 | ||
Scenario, Forecast [Member] | ||||
Business Combination, Contingent Consideration, Liability, Noncurrent | $ 1.1 |
Cash and Cash Equivalents (Deta
Cash and Cash Equivalents (Details) - USD ($) $ in Thousands | Jun. 30, 2017 | Dec. 31, 2016 | Jun. 30, 2016 | Dec. 31, 2015 |
Cash and Cash Equivalents [Line Items] | ||||
Cash and Cash Equivalents | $ 13,178 | $ 10,604 | $ 11,026 | $ 17,788 |
United States (including Mexico) [Member] | ||||
Cash and Cash Equivalents [Line Items] | ||||
Cash and Cash Equivalents | 7,691 | 3,237 | ||
Macau S.A.R., China [Member] | ||||
Cash and Cash Equivalents [Line Items] | ||||
Cash and Cash Equivalents | 3,588 | 4,104 | ||
France [Member] | ||||
Cash and Cash Equivalents [Line Items] | ||||
Cash and Cash Equivalents | $ 1,899 | $ 3,263 |
Accounts Receivable (Details Te
Accounts Receivable (Details Textual) | 12 Months Ended |
Dec. 31, 2016 | |
One Casino Customer [Member] | Accounts Receivable [Member] | |
Concentration Risk, Percentage | 25.00% |
Inventories (Details)
Inventories (Details) - USD ($) $ in Thousands | Jun. 30, 2017 | Dec. 31, 2016 |
Inventory [Line Items] | ||
Raw materials | $ 12,523 | $ 11,129 |
Work in progress | 2,773 | 1,137 |
Finished goods | 4,843 | 3,319 |
Total inventories | $ 20,139 | $ 15,585 |
Inventories (Details 1)
Inventories (Details 1) - USD ($) $ in Thousands | Jun. 30, 2017 | Dec. 31, 2016 |
Inventory [Line Items] | ||
Current | $ 19,121 | $ 14,987 |
Non-current | 1,018 | 598 |
Total inventories | $ 20,139 | $ 15,585 |
Property and Equipment (Details
Property and Equipment (Details) - USD ($) $ in Thousands | Jun. 30, 2017 | Dec. 31, 2016 |
Property, Plant and Equipment [Line Items] | ||
Land | $ 657 | $ 636 |
Buildings and improvements | 10,690 | 10,280 |
Equipment and furniture | 38,689 | 35,618 |
Vehicles | 404 | 379 |
Construction in progress | 1,054 | 1,327 |
Property, Plant and Equipment, Gross | 51,494 | 48,240 |
Less accumulated depreciation | (25,980) | (23,930) |
Property and equipment, net | $ 25,514 | $ 24,310 |
Property and Equipment (Detai37
Property and Equipment (Details Textual) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016 | |
Property, Plant and Equipment [Line Items] | ||||
Depreciation | $ 959 | $ 661 | $ 1,886 | $ 1,329 |
GPIC: Dolphin Asset Acquisition [Member] | ||||
Property, Plant and Equipment [Line Items] | ||||
Tangible Asset Impairment Charges | $ 200 |
Goodwill and Intangible Asset38
Goodwill and Intangible Assets (Details) - USD ($) $ in Thousands | Jun. 30, 2017 | Dec. 31, 2016 |
Finite-Lived Intangible Assets [Line Items] | ||
Intangible assets, Gross Carrying Amount | $ 3,622 | $ 3,522 |
Intangible assets, Accumulated Amortization | (1,832) | (1,704) |
Intangible assets, Net Carrying Amount | 1,790 | 1,818 |
Trademarks [Member] | ||
Finite-Lived Intangible Assets [Line Items] | ||
Intangible assets, Gross Carrying Amount | 1,711 | 1,711 |
Intangible assets, Accumulated Amortization | (640) | (579) |
Intangible assets, Net Carrying Amount | 1,071 | 1,132 |
Customer List [Member] | ||
Finite-Lived Intangible Assets [Line Items] | ||
Intangible assets, Gross Carrying Amount | 897 | 897 |
Intangible assets, Accumulated Amortization | (315) | (278) |
Intangible assets, Net Carrying Amount | 582 | 619 |
Patents [Member] | ||
Finite-Lived Intangible Assets [Line Items] | ||
Intangible assets, Gross Carrying Amount | 542 | 542 |
Intangible assets, Accumulated Amortization | (530) | (527) |
Intangible assets, Net Carrying Amount | 12 | 15 |
Other Intangible Assets [Member] | ||
Finite-Lived Intangible Assets [Line Items] | ||
Intangible assets, Gross Carrying Amount | 472 | 372 |
Intangible assets, Accumulated Amortization | (347) | (320) |
Intangible assets, Net Carrying Amount | $ 125 | $ 52 |
Goodwill and Intangible Asset39
Goodwill and Intangible Assets (Details Textual) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016 | Dec. 31, 2016 | |
Finite-Lived Intangible Assets [Line Items] | |||||
Amortization Of Intangible Assets | $ 65 | $ 68 | $ 128 | $ 138 | |
Goodwill | $ 10,292 | $ 10,292 | $ 10,292 |
Equity method investment (Detai
Equity method investment (Details Textual) - USD ($) | 1 Months Ended | 6 Months Ended | |
May 31, 2017 | Jun. 30, 2017 | Jun. 30, 2016 | |
Payments to Acquire Equity Method Investments | $ 451,000 | $ 0 | |
Onlive Gaming SAS [Member] | |||
Equity Method Investment, Ownership Percentage | 20.00% | ||
Payments to Acquire Equity Method Investments | $ 451,000 |
Debt (Details)
Debt (Details) $ in Thousands | Jun. 30, 2017USD ($) |
Principal Balance | |
2017 (remaining 6 months) | $ 685 |
2,018 | 1,403 |
2,019 | 1,450 |
2,020 | 1,499 |
2,021 | 1,549 |
Thereafter | 756 |
Long-term Debt | $ 7,342 |
Debt (Details Textual)
Debt (Details Textual) - USD ($) $ in Millions | 1 Months Ended | 6 Months Ended |
Jun. 26, 2015 | Jun. 30, 2017 | |
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] | ||
Line of Credit Facility, Maximum Borrowing Capacity | $ 15 | |
Long-term Debt [Member] | ||
Line of Credit Facility [Line Items] | ||
Line of Credit Facility, Expiration Date | Jun. 26, 2022 | |
Long-term Debt [Member] | Nevada State Bank [Member] | ||
Line of Credit Facility [Line Items] | ||
Long-term Line of Credit | 10 | |
Revolving Credit Facility [Member] | ||
Line of Credit Facility [Line Items] | ||
Line of Credit Facility, Expiration Date | Jun. 26, 2020 | |
Revolving Credit Facility [Member] | Nevada State Bank [Member] | ||
Line of Credit Facility [Line Items] | ||
Line of Credit Facility, Remaining Borrowing Capacity | $ 5 |
Commitments and Contingencies43
Commitments and Contingencies (Details) $ in Thousands | Jun. 30, 2017USD ($) |
Operating Leases, Future Minimum Payments | |
2017 (remaining 6 months) | $ 492 |
2,018 | 824 |
2,019 | 380 |
2,020 | 265 |
2,021 | 270 |
2,022 | 216 |
Total | $ 2,447 |
Geographic and Product Line I44
Geographic and Product Line Information (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016 | |
Segment Reporting Information [Line Items] | ||||
Revenues | $ 16,274 | $ 20,344 | $ 35,187 | $ 36,437 |
Sales Revenue, Net [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Revenues, Percentage | 100.00% | 100.00% | 100.00% | 100.00% |
The Americas [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Revenues | $ 13,560 | $ 16,200 | $ 27,823 | $ 28,494 |
The Americas [Member] | Sales Revenue, Net [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Revenues, Percentage | 83.30% | 79.60% | 79.10% | 78.20% |
Asia-Pacific [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Revenues | $ 2,087 | $ 2,596 | $ 6,208 | $ 5,357 |
Asia-Pacific [Member] | Sales Revenue, Net [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Revenues, Percentage | 12.80% | 12.80% | 17.60% | 14.70% |
Europe and Africa [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Revenues | $ 627 | $ 1,548 | $ 1,156 | $ 2,586 |
Europe and Africa [Member] | Sales Revenue, Net [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Revenues, Percentage | 3.90% | 7.60% | 3.30% | 7.10% |
Geographic and Product Line I45
Geographic and Product Line Information (Details 1) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016 | |
Segment Reporting Information [Line Items] | ||||
Revenues | $ 16,274 | $ 20,344 | $ 35,187 | $ 36,437 |
Sales Revenue, Net [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Revenues, Percentage | 100.00% | 100.00% | 100.00% | 100.00% |
Casino currency without RFID [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Revenues | $ 3,498 | $ 5,671 | $ 7,393 | $ 8,479 |
Casino currency without RFID [Member] | Sales Revenue, Net [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Revenues, Percentage | 21.50% | 27.90% | 21.00% | 23.30% |
Casino currency with RFID [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Revenues | $ 1,204 | $ 1,386 | $ 3,962 | $ 3,525 |
Casino currency with RFID [Member] | Sales Revenue, Net [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Revenues, Percentage | 7.40% | 6.80% | 11.30% | 9.70% |
Total casino currency [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Revenues | $ 4,702 | $ 7,057 | $ 11,355 | $ 12,004 |
Total casino currency [Member] | Sales Revenue, Net [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Revenues, Percentage | 28.90% | 34.70% | 32.30% | 32.90% |
Playing Cards [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Revenues | $ 6,181 | $ 6,481 | $ 12,516 | $ 13,046 |
Playing Cards [Member] | Sales Revenue, Net [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Revenues, Percentage | 38.00% | 31.90% | 35.60% | 35.80% |
Table accessories and other products [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Revenues | $ 1,591 | $ 1,786 | $ 3,484 | $ 3,153 |
Table accessories and other products [Member] | Sales Revenue, Net [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Revenues, Percentage | 9.80% | 8.80% | 9.90% | 8.70% |
Table layouts [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Revenues | $ 1,246 | $ 1,351 | $ 2,548 | $ 2,716 |
Table layouts [Member] | Sales Revenue, Net [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Revenues, Percentage | 7.70% | 6.60% | 7.20% | 7.50% |
Dice [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Revenues | $ 723 | $ 791 | $ 1,424 | $ 1,429 |
Dice [Member] | Sales Revenue, Net [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Revenues, Percentage | 4.40% | 3.90% | 4.00% | 3.90% |
RFID solutions [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Revenues | $ 317 | $ 1,450 | $ 689 | $ 1,525 |
RFID solutions [Member] | Sales Revenue, Net [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Revenues, Percentage | 1.90% | 7.10% | 2.00% | 4.20% |
Gaming furniture [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Revenues | $ 790 | $ 629 | $ 1,542 | $ 1,037 |
Gaming furniture [Member] | Sales Revenue, Net [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Revenues, Percentage | 4.90% | 3.10% | 4.40% | 2.80% |
Shipping [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Revenues | $ 724 | $ 799 | $ 1,629 | $ 1,527 |
Shipping [Member] | Sales Revenue, Net [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Revenues, Percentage | 4.40% | 3.90% | 4.60% | 4.20% |
Geographic and Product Line I46
Geographic and Product Line Information (Details 2) - USD ($) $ in Thousands | Jun. 30, 2017 | Dec. 31, 2016 |
Segment Reporting Information [Line Items] | ||
Property and equipment, net | $ 25,514 | $ 24,310 |
United States [Member] | ||
Segment Reporting Information [Line Items] | ||
Property and equipment, net | 13,757 | 13,242 |
Mexico [Member] | ||
Segment Reporting Information [Line Items] | ||
Property and equipment, net | 6,136 | 6,142 |
France [Member] | ||
Segment Reporting Information [Line Items] | ||
Property and equipment, net | 5,192 | 4,614 |
Macau S.A.R., China [Member] | ||
Segment Reporting Information [Line Items] | ||
Property and equipment, net | $ 429 | $ 312 |
Geographic and Product Line I47
Geographic and Product Line Information (Details 3) - USD ($) $ in Thousands | Jun. 30, 2017 | Dec. 31, 2016 |
Segment Reporting Information [Line Items] | ||
Intangible assets, net | $ 1,790 | $ 1,818 |
United States [Member] | ||
Segment Reporting Information [Line Items] | ||
Intangible assets, net | 1,746 | 1,772 |
Macau S.A.R., China [Member] | ||
Segment Reporting Information [Line Items] | ||
Intangible assets, net | $ 44 | $ 46 |
Earnings per Share (Details)
Earnings per Share (Details) - shares shares in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016 | |
Basic and Diluted Earnings Per Share [Line Items] | ||||
Weighted-average number of common shares outstanding - basic | 7,929 | 7,929 | 7,929 | 7,929 |
Potential dilution from equity grants | 129 | 108 | 129 | 109 |
Weighted-average number of common shares outstanding - diluted | 8,058 | 8,037 | 8,058 | 8,038 |
Earnings per Share (Details 1)
Earnings per Share (Details 1) - shares shares in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016 | |
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ||||
Outstanding anti-dilutive options | 20 | 41 | 16 | 39 |