XML 26 R9.htm IDEA: XBRL DOCUMENT v3.19.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash Flows From Operating Activities    
Net income $ 6,770 $ 6,844
Income (loss) from discontinued operations, net of income taxes 127 (911)
Income from continuing operations 6,643 7,755
Adjustments to reconcile income (loss) from continuing operations to net cash provided by (used for) operating activities    
Depreciation 4,012 4,479
Amortization 2,026 2,166
Accelerated depreciation associated with restructuring activities 0 16
Non-cash stock-based compensation expense 958 1,098
(Gain) loss on disposal of fixed assets (43) (380)
Interest income received (accrued) on note receivable 0 334
Impairment charges 916 0
Other 100 60
Payments on performance based compensation (413) (1,249)
Other long-term liabilities 379 (123)
Cash flows provided by (used for) working capital    
Accounts receivable 1,200 (4,473)
Inventories 1,207 (796)
Prepaid expenses and other current assets 733 447
Accounts payable and accrued expenses (12,417) 3,504
Net cash provided by (used for) operating activities - continuing operations 5,301 12,838
Net cash provided by (used for) operating activities - discontinued operations 7,297 (2,085)
Net cash provided by (used for) operating activities 12,598 10,753
Cash Flows From Investing Activities    
Capital expenditures (2,933) (1,206)
Proceeds from sale of property, plant and equipment 4,486 2,353
Net cash provided by (used for) investing activities - continuing operations 1,553 1,147
Net cash provided by (used for) investing activities - discontinued operations 0 0
Net cash provided by (used for) investing activities 1,553 1,147
Cash Flows From Financing Activities    
Net borrowings (repayments) on credit facility 0 (6,722)
Cash dividends paid (4,940) (4,161)
Proceeds from issuance of common stock 146 452
Shares withheld for employee taxes on equity awards (974) (359)
Net cash provided by (used for) financing activities - continuing operations (5,768) (10,790)
Net cash provided by (used for) financing activities - discontinued operations 0 0
Net cash provided by (used for) financing activities (5,768) (10,790)
Foreign exchange rate effect on cash 39 (606)
Net increase in cash and restricted cash 8,422 504
Cash and restricted cash at January 1 58,894 11,179
Cash and restricted cash at March 31 $ 67,316 $ 11,683