XML 17 R6.htm IDEA: XBRL DOCUMENT v3.5.0.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Operating Activities:    
Net income $ 5,305 $ 4,353
Adjustments to reconcile net income to net cash provided (used) by operating activities:    
Depreciation 1,097 970
Amortization 693 584
Stock compensation expense 306 442
Changes in operating assets and liabilities:    
Accounts receivable (5,145) (4,205)
Inventories (2,134) (1,392)
Prepaid expenses and other current assets 219 (226)
Accounts payable 21 (371)
Other accrued liabilities 1,223 (844)
Total adjustments (3,720) (5,042)
Net cash provided (used) by operating activities 1,585 (689)
Investing Activities:    
Purchase of property, plant, and equipment (1,320) (1,352)
Purchase of patents and trademarks (29) (52)
Acquisition of certain assets of Diamond Machining Technology (6,971)  
Proceeds from the sales of property, plant and equipment   5
Net cash used by investing activities (8,320) (1,399)
Financing Activities:    
Borrowing of long-term debt 13,793 4,404
Cash settlement of stock options (1,700)  
Proceeds from issuance of common stock 390 1,139
Distributions to stockholders (1,000) (895)
Purchase of treasury stock (907) (162)
Net cash provided by financing activities 10,576 4,486
Effect of exchange rate changes on cash 5 (63)
Net change in cash and cash equivalents 3,846 2,335
Cash and cash equivalents at beginning of period 2,426 2,286
Cash and cash equivalents at end of period $ 6,272 $ 4,621