XML 23 R6.htm IDEA: XBRL DOCUMENT v3.4.0.3
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Operating Activities:    
Net income $ 565 $ 436
Adjustments to reconcile net income to net cash used by operating activities:    
Depreciation 357 320
Amortization 218 181
Stock compensation expense 102 129
Changes in operating assets and liabilities:    
Accounts receivable 1,748 2,833
Inventories (1,619) (2,849)
Prepaid expenses and other assets (626) (535)
Accounts payable (489) (1,355)
Other accrued liabilities (2,612) (2,441)
Total adjustments (2,920) (3,717)
Net cash used by operating activities (2,355) (3,281)
Investing Activities:    
Purchase of property, plant, and equipment (449) (574)
Purchase of patents and trademarks (10)  
Acquisition of Diamond Machining Technology (6,971)  
Net cash used by investing activities (7,430) (574)
Financing Activities:    
Borrowing of long-term debt 9,783 3,404
Cash settlement of stock options (130)  
Proceeds from issuance of common stock 351 321
Distributions to stockholders (335) (296)
Purchase of treasury stock (846)  
Net cash provided by financing activities 8,823 3,429
Effect of exchange rate changes on cash 10 (63)
Net decrease in cash and cash equivalents (952) (488)
Cash and cash equivalents at beginning of period 2,426 2,286
Cash and cash equivalents at end of period 1,474 1,797
Supplemental cash flow information    
Cash paid for income taxes 589 767
Cash paid for interest expense $ 164 $ 127