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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Cash flows from operating activities:    
Net income $ 5,251 $ 4,530
Adjustment to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 1,313 610
Non cash interest expense included in net income 34 46
Share based compensation expense 373 328
Bad debt (recoveries) expense (26) 24
Inventory reserve expense 67 82
Changes in operating assets and liabilities, net of acquisitions:    
Accounts receivable 5,495 4,720
Costs and estimated earnings in excess of billings on uncompleted contracts (3,544) 3,786
Inventories 221 (228)
Prepaid expense and other current assets (1,444) (633)
Deferred charges and other assets 310 181
Accounts payable and accrued expenses 20 (2,702)
Billings in excess of costs and estimated earnings on uncompleted contracts (234) (2,941)
Income taxes payable (1,703) 879
Other liabilities 1,982 (124)
Net cash provided by operating activities 8,115 8,558
Cash flows from investing activities:    
Acquisitions of property and equipment (236) (132)
Net cash paid for acquisition (24,379)  
Net cash used in investing activities (24,615) (132)
Cash flows from financing activities:    
Net repayments on revolving credit lines (102)  
Proceeds from exercise of stock options 441 110
Cash paid for repurchase of common shares   (456)
Dividends paid to common shareholders (1,767) (1,025)
Net cash used in financing activities (1,428) (1,371)
Net (decrease) increase in cash and cash equivalents (17,928) 7,055
Cash and cash equivalents at beginning of period 22,994 12,724
Cash and cash equivalents at end of period 5,066 19,779
Supplemental Schedule of Non-Cash Activities:    
Conversion of subordinated debt to common stock 0 440
Common stock issued in business acquisition 7,423 0
Cash paid during the period for:    
Interest 310 606
Income taxes $ 3,411 $ 1,242