XML 51 R6.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Statements of Cash Flows (USD $)
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
OPERATING ACTIVITIES:    
Net income $ 2,546,000us-gaap_NetIncomeLoss $ 2,527,000us-gaap_NetIncomeLoss
Adjustment for losses from discontinued operations 162,000us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity 181,000us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
Income from continuing operations 2,708,000us-gaap_IncomeLossFromContinuingOperations 2,708,000us-gaap_IncomeLossFromContinuingOperations
Adjustments to reconcile income from continuing operations to net cash (used in) provided by operating activities:    
Depreciation 479,000us-gaap_Depreciation 364,000us-gaap_Depreciation
Amortization 110,000us-gaap_AdjustmentForAmortization 140,000us-gaap_AdjustmentForAmortization
Amortization of deferred financing costs 27,000us-gaap_AmortizationOfFinancingCosts 21,000us-gaap_AmortizationOfFinancingCosts
Stock-based compensation 249,000us-gaap_ShareBasedCompensation 109,000us-gaap_ShareBasedCompensation
(Gain) loss on foreign exchange contracts (131,000)us-gaap_GainLossOnForeignCurrencyDerivativeInstrumentsNotDesignatedAsHedgingInstruments 363,000us-gaap_GainLossOnForeignCurrencyDerivativeInstrumentsNotDesignatedAsHedgingInstruments
Provisions for (recoveries of) losses on accounts receivable 23,000us-gaap_AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease (168,000)us-gaap_AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease
Deferred compensation and supplemental retirement benefits 113,000sli_DeferredCompensationAndSupplementalRetirementBenefit 64,000sli_DeferredCompensationAndSupplementalRetirementBenefit
Deferred compensation and supplemental retirement benefit payments (104,000)sli_DeferredCompensationAndSupplementalRetirementBenefitPayments (114,000)sli_DeferredCompensationAndSupplementalRetirementBenefitPayments
Deferred income taxes (485,000)us-gaap_IncreaseDecreaseInDeferredIncomeTaxes 761,000us-gaap_IncreaseDecreaseInDeferredIncomeTaxes
(Gain) on sale of available-for-sale securities   (106,000)us-gaap_AvailableforsaleSecuritiesGrossRealizedGainLossExcludingOtherThanTemporaryImpairments
Changes in operating assets and liabilities, excluding effects of business combinations:    
Accounts receivable (992,000)us-gaap_IncreaseDecreaseInAccountsReceivable (2,139,000)us-gaap_IncreaseDecreaseInAccountsReceivable
Inventories (870,000)us-gaap_IncreaseDecreaseInInventories 333,000us-gaap_IncreaseDecreaseInInventories
Other assets (691,000)us-gaap_IncreaseDecreaseInOtherOperatingAssets 836,000us-gaap_IncreaseDecreaseInOtherOperatingAssets
Accounts payable (2,031,000)us-gaap_IncreaseDecreaseInAccountsPayable 2,270,000us-gaap_IncreaseDecreaseInAccountsPayable
Other accrued liabilities (852,000)us-gaap_IncreaseDecreaseInOtherAccruedLiabilities (1,710,000)us-gaap_IncreaseDecreaseInOtherAccruedLiabilities
Accrued income taxes (2,083,000)us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable 418,000us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable
Net cash (used in) provided by operating activities from continuing operations (4,530,000)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations 4,150,000us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
Net cash (used in) operating activities from discontinued operations (579,000)us-gaap_CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations (264,000)us-gaap_CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
NET CASH (USED IN) PROVIDED BY OPERATING ACTIVITIES (5,109,000)us-gaap_NetCashProvidedByUsedInOperatingActivities 3,886,000us-gaap_NetCashProvidedByUsedInOperatingActivities
INVESTING ACTIVITIES:    
Purchases of property, plant and equipment (452,000)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (436,000)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Proceeds from sale of available-for-sale securities   241,000us-gaap_ProceedsFromSaleOfAvailableForSaleSecuritiesEquity
Purchases of other assets (165,000)us-gaap_PaymentsToAcquireOtherProductiveAssets (26,000)us-gaap_PaymentsToAcquireOtherProductiveAssets
Net cash (used in) investing activities from continuing operations (617,000)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations (221,000)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
Net cash (used in) investing activities from discontinued operations   (65,000)us-gaap_CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations
NET CASH (USED IN) INVESTING ACTIVITIES (617,000)us-gaap_NetCashProvidedByUsedInInvestingActivities (286,000)us-gaap_NetCashProvidedByUsedInInvestingActivities
FINANCING ACTIVITIES:    
Payments of Senior Revolving Credit Facility   (1,000,000)sli_PaymentsOfSeniorRevolvingCreditFacility
Payments of deferred financing costs (19,000)us-gaap_PaymentsOfFinancingCosts  
Treasury stock purchases (3,511,000)us-gaap_PaymentsForRepurchaseOfCommonStock (46,000)us-gaap_PaymentsForRepurchaseOfCommonStock
Net cash (used in) financing activities from continuing operations (3,530,000)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations (1,046,000)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
Net cash (used in) financing activities from discontinued operations   (12,000)us-gaap_CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations
NET CASH (USED IN) FINANCING ACTIVITIES (3,530,000)us-gaap_NetCashProvidedByUsedInFinancingActivities (1,058,000)us-gaap_NetCashProvidedByUsedInFinancingActivities
Effect of exchange rate changes on cash 3,000us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents (13,000)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents
NET CHANGE IN CASH AND CASH EQUIVALENTS (9,253,000)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 2,529,000us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 31,950,000us-gaap_CashAndCashEquivalentsAtCarryingValue 7,163,000us-gaap_CashAndCashEquivalentsAtCarryingValue
CASH AND CASH EQUIVALENTS AT END OF PERIOD 22,697,000us-gaap_CashAndCashEquivalentsAtCarryingValue 9,692,000us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash paid during the period for:    
Interest 6,000us-gaap_InterestPaid 36,000us-gaap_InterestPaid
Income taxes $ 3,833,000us-gaap_IncomeTaxesPaid $ 950,000us-gaap_IncomeTaxesPaid