XML 20 R6.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
OPERATING ACTIVITIES:    
Net income $ 6,670 $ 3,839
Adjustments to reconcile net income to net cash flows from operating activities:    
Depreciation and amortization 1,746 1,346
(Gain) loss on disposals of property, plant and equipment (39)  
Provision for doubtful accounts 56 51
Issuance of non-employee director shares 150 150
Deferred tax provision 207 (25)
Changes in operating assets and liabilities:    
Accounts receivable (3,744) (7,353)
Inventories (8,439) (3,457)
Prepaid expenses (2,145) (1,158)
Other assets 18 22
Accounts payable 3,004 2,191
Accrued liabilities 607 1,317
Net cash flows from operating activities (1,909) (3,077)
INVESTING ACTIVITIES:    
Purchases of property, plant and equipment (3,880) (6,393)
Proceeds from sale of property, plant and equipment 60  
Net cash flows from investing activities (3,820) (6,393)
FINANCING ACTIVITIES:    
Net borrowings (payments) under credit facility   5,000
Payments of cash dividends (2,049) (2,043)
Proceeds (payments) from other long-term obligations 499  
Net cash flows from financing activities (1,550) 2,957
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND TEMPORARY INVESTMENTS 440 (103)
NET CHANGE IN CASH AND TEMPORARY INVESTMENTS (6,839) (6,616)
CASH AND TEMPORARY INVESTMENTS, beginning of period 21,895 31,115
CASH AND TEMPORARY INVESTMENTS, end of period 15,056 24,499
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Cash payments for interest 521 501
Cash payments for income taxes, net of refunds $ 758 $ 209