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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
OPERATING ACTIVITIES:      
Net income $ 10,698,000 $ 18,895,000 $ 8,240,000
Adjustment for loss (income) from discontinued operations 1,700,000 (4,715,000) (762,000)
Income from continuing operations 12,398,000 14,180,000 7,478,000
Adjustments to reconcile income from continuing operations to net cash provided by operating activities:      
Depreciation 2,346,000 1,549,000 1,462,000
Amortization 1,373,000 671,000 548,000
Amortization of deferred financing costs 191,000 94,000 83,000
Stock-based compensation 1,004,000 768,000 545,000
Excess tax benefit on stock compensation     (132,000)
(Gain) loss on foreign exchange contracts (139,000) 825,000 90,000
Provisions for losses on accounts receivable 103,000 29,000 46,000
Deferred compensation and supplemental retirement benefits 99,000 327,000 313,000
Deferred compensation and supplemental retirement benefit payments (382,000) (440,000) (503,000)
Deferred income taxes 2,921,000 1,615,000 153,000
(Gain) on sale of available-for-sale securities   (1,691,000)  
(Gain) on sale of property, plant and equipment   (1,127,000)  
Goodwill impairment 0 0 5,055,000
Changes in operating assets and liabilities:      
Accounts receivable 5,047,000 (5,129,000) (1,028,000)
Inventories 2,253,000 (388,000) (725,000)
Other assets (2,433,000) 963,000 (1,729,000)
Accounts payable 230,000 2,130,000 (1,860,000)
Other accrued liabilities (1,345,000) 1,321,000 3,368,000
Accrued income taxes (2,386,000) 4,152,000 494,000
Net cash provided by operating activities from continuing operations 21,280,000 19,849,000 13,658,000
Net cash (used in) operating activities from discontinued operations (11,176,000) (9,920,000) (3,959,000)
NET CASH PROVIDED BY OPERATING ACTIVITIES 10,104,000 9,929,000 9,699,000
INVESTING ACTIVITIES:      
Purchases of property, plant and equipment (3,679,000) (2,850,000) (2,434,000)
Proceeds from sale of property, plant and equipment   1,657,000  
Acquisition of a business, net of cash acquired (30,608,000) (3,973,000)  
Purchases of available-for-sale securities     (2,362,000)
Proceeds from sale of available-for-sale securities   4,054,000  
Purchases of other assets (416,000) (379,000) (320,000)
Net cash (used in) investing activities from continuing operations (34,703,000) (1,491,000) (5,116,000)
Net cash provided by (used in) investing activities from discontinued operations 835,000 17,783,000 (416,000)
NET CASH (USED IN) PROVIDED BY INVESTING ACTIVITIES (33,868,000) 16,292,000 (5,532,000)
FINANCING ACTIVITIES:      
Proceeds from Senior Revolving Credit Facility 23,000,000   25,490,000
Payments of Senior Revolving Credit Facility (9,500,000) (1,000,000) (24,490,000)
Payments of deferred financing costs (182,000) (45,000) (42,000)
Repurchase and retirement of common stock (6,796,000)    
Treasury stock purchases (3,511,000) (106,000) (2,079,000)
Proceeds from stock options exercised 140,000   743,000
Excess tax benefit on stock compensation     132,000
Net cash provided by (used in) financing activities from continuing operations 3,151,000 (1,151,000) (246,000)
Net cash (used in) financing activities from discontinued operations   (235,000)  
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES 3,151,000 (1,386,000) (246,000)
Effect of exchange rate changes on cash (360,000) (48,000) 46,000
NET CHANGE IN CASH AND CASH EQUIVALENTS (20,973,000) 24,787,000 3,967,000
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 31,950,000 7,163,000 3,196,000
CASH AND CASH EQUIVALENTS AT END OF PERIOD $ 10,977,000 $ 31,950,000 $ 7,163,000