XML 24 R6.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Operating activities    
Net income $ 6,083 $ 4,494
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 3,658 3,896
Debt issuance amortization 32 52
Provision for deferred income taxes 1,001 (1,272)
Gain on sale of assets (14) (18)
Unrealized intercompany foreign currency transaction loss 290 399
Changes in operating assets and liabilities:    
Accounts receivable 11,685 (13,677)
Inventories (10,586) (12,237)
Other assets (540) (2,571)
Accounts payable (2,906) 4,357
Customer deposits (2,399) 6,008
Accrued expenses (5,732) 317
Accrued postretirement benefits (258) (287)
Net cash provided by (used in) operating activities 314 (10,539)
Investing activities    
Capital expenditures (5,364) (9,002)
Proceeds on sale of assets 22 864
Net cash used in investing activities (5,342) (8,138)
Financing activities    
Proceeds from short-term notes payable to bank 35,584 7,760
Repayments of short-term notes payable to bank (35,726) (1,768)
Proceeds from long-term debt 475  
Repayments of long-term debt (465) (309)
Dividends paid (465) (116)
Other financing activities 9 47
Net cash (used in) provided by financing activities (588) 5,614
Effect of exchange rate changes on cash 29 819
Net decrease in cash (5,587) (12,244)
Cash and cash equivalents at beginning of period 21,736 30,945
Cash and cash equivalents at end of period $ 16,149 $ 18,701