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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash flows from operating activities:    
Net income (loss) $ 10,201 $ (499)
Adjustments to reconcile net income (loss) to cash provided by (used in) operating activities:    
Depreciation 1,694 2,156
Amortization of intangible assets 1,397 1,432
Amortization of lease right of use asset, net   15
Lower of cost or net realizable value reserve (1,752) (2,163)
Allowance for doubtful accounts 53 427
Stock compensation expense 370 333
Amortization of deferred finance costs 558 526
Deferred tax (benefit) expense 117 46
Changes in assets and liabilities:    
Trade accounts receivable (23,562) (17,683)
Inventories (2,039) 12,831
Prepaid and other assets (5,031) 805
Income taxes receivable 429  
Accounts payable and accrued expenses 9,135 4,338
Cash (used in) provided by operating activities (8,430) 2,564
Cash flows from investing activities:    
Additions to property, plant, and equipment (418) (590)
Cash used in investing activities (418) (590)
Cash flows from financing activities:    
Borrowing of short-term debt - net 12,000 1,931
Borrowing - Paycheck Protection Program   2,475
Repayment of long-term debt (2,627) (1,130)
Cash provided by financing activities 9,373 3,276
Increase in cash and cash equivalents 525 5,250
Cash and cash equivalents at beginning of period 1,348 2,600
Cash and cash equivalents at end of period 1,873 7,850
Supplemental Disclosure of Cash Flow Information:    
Cash paid during period for interest 5,059 5,997
Cash refund for income taxes - net $ 278 $ 58