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Consolidated Statements of Cash Flows (Unaudited) (USD $)
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
OPERATING ACTIVITIES:  
Net income$ 9,897,000$ 4,198,000
Adjustments for (income) loss from discontinued operations(142,000)1,466,000
Income from continuing operations9,755,0005,664,000
Adjustments to reconcile income from continuing operations to net cash provided by (used in) operating activities:  
Depreciation1,403,0001,399,000
Amortization798,000882,000
Amortization of deferred financing costs185,000182,000
Stock-based compensation429,00091,000
Tax benefit from exercise of stock options(291,000)(146,000)
Non-cash compensation expense 92,000
Fire related (gain) loss(277,000)109,000
Provisions for losses on accounts receivable4,00015,000
Deferred compensation and supplemental retirement benefits299,000293,000
Deferred compensation and supplemental retirement benefit payments(404,000)(403,000)
Deferred income taxes1,425,000433,000
Loss (gain) on sale of equipment11,000(2,000)
Changes in operating assets and liabilities:  
Accounts receivable(1,453,000)(9,294,000)
Inventories(2,505,000)(2,517,000)
Other current assets(1,539,000)(1,343,000)
Other assets(85,000)19,000
Accounts payable2,903,0003,747,000
Other accrued liabilities(714,000)3,115,000
Accrued income taxes960,0001,404,000
Net cash provided by operating activities from continuing operations10,904,0003,740,000
Net cash (used in) operating activities from discontinued operations(1,095,000)(934,000)
NET CASH PROVIDED BY OPERATING ACTIVITIES9,809,0002,806,000
INVESTING ACTIVITIES:  
Purchases of property, plant and equipment(2,348,000)(1,037,000)
Purchases of other assets(137,000)(254,000)
NET CASH USED IN INVESTING ACTIVITIES(2,485,000)(1,291,000)
FINANCING ACTIVITIES:  
Proceeds from Revolving Credit Facility10,500,000 
Payments of Revolving Credit Facility(17,800,000) 
Payments of deferred financing costs(54,000) 
Treasury stock purchases (2,125,000)
Treasury stock sales 495,000
Proceeds from stock options exercised817,000726,000
Tax benefit from exercise of stock options291,000146,000
NET CASH USED IN FINANCING ACTIVITIES(6,246,000)(758,000)
Effect of exchange rate changes on cash(58,000)133,000
NET CHANGE IN CASH AND CASH EQUIVALENTS1,020,000890,000
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD1,374,0009,967,000
CASH AND CASH EQUIVALENTS AT END OF PERIOD2,394,00010,857,000
Cash paid during the period for:  
Interest176,00049,000
Income taxes$ 3,620,000$ 1,251,000