XML 33 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Operating Activities:    
Net income $ 5,238 $ 2,871
Adjustments to reconcile net income to net cash used by operating activities:    
Depreciation and amortization 3,877 4,531
Amortization of debt issuance costs 108 146
Loss on disposal of assets    4
Share-based compensation expense 539 430
Changes in operating assets and liabilities:    
Accounts receivable (15,257) (15,981)
Inventories (1,963) 1,048
Accounts payable 5,241 2,700
Other assets and liabilities 920 1,755
Net cash used by operating activities (1,297) (2,496)
Investing Activities:    
Acquisition of property, plant and equipment (2,178) (3,154)
Cash paid to acquire business, net of cash received (7,312)  
Net cash used by investing activities (9,490) (3,154)
Financing Activities:    
Proceeds from short-term debt, net 3,275 2,142
Principal payments on capital lease (36) (32)
Proceeds from long-term debt, net 10,000  
Repayment of long-term debt, net    (8,000)
Dividends paid (1,235)  
Proceeds from issuance of stock and exercise of stock options 359  
Net cash provided (used) by financing activities 12,363 (5,890)
Effect of exchange rate changes on cash flows (73) 197
Net Change in Cash 1,503 (11,343)
Cash at Beginning of Period 3,039 18,990
Cash at End of Period $ 4,542 $ 7,647