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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Operating Activities:    
Net income $ 3,832 $ 3,146
Adjustments to reconcile net income to net cash used by operating activities:    
Depreciation 717 641
Amortization 455 383
Stock compensation expense 184 304
Changes in operating assets and liabilities:    
Accounts receivable (13,898) (7,698)
Inventories (2,432) (3,010)
Prepaid expenses and other assets (329) (508)
Accounts payable 4,856 1,766
Other accrued liabilities 993 (607)
Total adjustments (9,454) (8,729)
Net cash used by operating activities (5,622) (5,583)
Investing Activities:    
Purchase of property, plant, and equipment (752) (867)
Purchase of patents and trademarks (29) (3)
Acquisition of certain assets of Diamond Machining Technology (6,971)  
Net cash used by investing activities (7,752) (870)
Financing Activities:    
Borrowing of long-term debt 14,908 6,033
Cash settlement of stock options (681)  
Proceeds from issuance of common stock 390 675
Distributions to stockholders (668) (595)
Purchase of treasury stock (907)  
Net cash provided by financing activities 13,042 6,113
Effect of exchange rate changes on cash (7) (5)
Net change in cash and cash equivalents (339) (345)
Cash and cash equivalents at beginning of period 2,426 2,286
Cash and cash equivalents at end of period $ 2,087 $ 1,941