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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash flows related to operating activities:    
Net income $ 1,628 $ 4,136
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 610 525
Deferred income tax   1,752
Stock based compensation 386 271
Increase in inventory reserve 14 112
(Decrease) increase in allowance for doubtful accounts (8) 19
Loss on disposal of property and equipment   (5)
Change in assets and liabilities:    
Accounts receivable (501) (644)
Inventories (1,466) (766)
Prepaid income taxes 63  
Other current assets (75) (381)
Other non-current assets (6) 11
Accounts payable 598 674
Accrued employee compensation and benefit costs (16) 348
Accrued arbitration award liability   (5,152)
Other accrued liabilities 145 (62)
Accrued income taxes   232
Net cash provided by operating activities 1,372 1,070
Cash flows related to investing activities:    
Capital expenditures - property, plant and equipment (786) (1,385)
Proceeds from sale of assets   33
Net cash used in investing activities (786) (1,352)
Cash flows related to financing activities:    
Principal payments on long-term debt (410) (410)
Purchase of treasury shares (197) (114)
Cash dividend (380) (375)
Net cash used by financing activities (987) (899)
Net decrease in cash and cash equivalents (401) (1,181)
Cash and cash equivalents at beginning of period 3,268 4,166
Cash and cash equivalents at end of period $ 2,867 $ 2,985