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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
OPERATING ACTIVITIES    
Net loss $ (3,427) $ (5,479)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 6,634 7,062
Amortization of financing costs 282 333
Deferred rent (304) (37)
Deferred income taxes   113
Stock compensation expense 1,530 1,290
Undistributed equity in (earnings) losses, net (970) 132
Gain on disposal of fixed assets   (17)
Loss on early retirement of debt 110 272
Changes in operating assets and liabilities (excluding the effects of business acquisitions)    
Accounts receivable 37,950 7,562
Inventory (30,769) (16,357)
Prepaid expenses, other current assets and other assets 1,107 (1,359)
Accounts payable, accrued expenses and other liabilities (5,291) (3,748)
Income taxes receivable (4,279) (4,311)
Income taxes payable (6,858) (5,031)
NET CASH USED IN OPERATING ACTIVITIES (4,285) (19,575)
INVESTING ACTIVITIES    
Purchases of property and equipment (2,710) (1,091)
Proceeds from disposition of GSI   567
Acquisitions   (614)
NET CASH USED IN INVESTING ACTIVITIES (2,710) (1,138)
FINANCING ACTIVITIES    
Proceeds from Revolving Credit Facility 123,534 120,334
Repayments of Revolving Credit Facility (110,937) (79,206)
Repayment of Credit Agreement Term Loan (9,500) (20,500)
Proceeds from Short Term Loan 119  
Payments on Short Term Loan (114) (117)
Payments of financing costs (30)  
Payments for capital leases (49) (32)
Payments of tax withholding for stock based compensation (176) (65)
Proceeds from exercise of stock options 1,425 1,191
Cash dividends paid (Note K) (1,235) (1,198)
NET CASH PROVIDED BY FINANCING ACTIVITIES 3,037 20,407
Effect of foreign exchange on cash 197 (176)
DECREASE IN CASH AND CASH EQUIVALENTS (3,761) (482)
Cash and cash equivalents at beginning of period 7,883 7,131
CASH AND CASH EQUIVALENTS AT END OF PERIOD $ 4,122 $ 6,649