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Condensed Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 3,630 $ 6,762
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 2,538 2,545
Deferred compensation   74
Loss on disposal of fixed assets   7
Stock compensation expense 397 332
Change in assets and liabilities:    
Receivables 13,829 1,276
Inventories 2,185 (4,636)
Other current assets (1,558) (2,737)
Other assets (54) (113)
Accounts payable 2,184 6,581
Accrued and other liabilities (4,814) 538
Income taxes payable 578  
Net cash provided by operating activities 18,915 10,629
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of fixed assets (5,548) (3,459)
Net cash used in investing activities (5,548) (3,459)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from revolving credit facility 20,000  
Repayments on revolving credit facility (20,000)  
Proceeds from stock options   294
Repurchase of common stock (1,000)  
Dividends paid on common stock (2,053) (1,922)
Net cash (used in) financing activities (3,053) (1,628)
INCREASE IN CASH AND CASH EQUIVALENTS 10,314 5,542
CASH AND CASH EQUIVALENTS:    
BEGINNING OF PERIOD 15,518 10,173
END OF PERIOD $ 25,832 $ 15,715