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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 2,260,000 $ 2,043,000
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 1,103,000 953,000
Provision for bad debts - accounts receivable 67,000 59,000
Share-based compensation expense 831,000 824,000
Deferred income tax provision $ (479,000) 62,000
Loss on sales of property, plant and equipment 12,000
Accretion of acquisition-related contingent liability $ 35,000 33,000
Changes in assets and liabilities, net of acquisition of business:    
Accounts receivable - trade (3,650,000) 804,000
Accounts receivable - other (43,000) (435,000)
Inventories 1,001,000 (1,639,000)
Prepaid expenses and other current assets (184,000) (2,230,000)
Other assets (281,000) (2,000)
Accounts payable (1,833,000) 1,142,000
Other current liabilities (2,245,000) (2,887,000)
Long-term pension liability 485,000 127,000
Other long-term liabilities 20,000 20,000
Net cash used in operating activities (2,913,000) (1,114,000)
CASH FLOWS FROM INVESTING ACTIVITIES    
Additions to property, plant and equipment (2,707,000) $ (906,000)
Acquisition of business, net of acquired cash (15,252,000)
Net cash used in investing activities (17,959,000) $ (906,000)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from long-term debt 74,363,000 13,220,000
Repayment of long-term debt (50,250,000) (10,255,000)
Payment of cash dividends (1,133,000) $ (1,000,000)
Payment of contingent liability (1,800,000)
Proceeds received on exercise of stock options 322,000 $ 356,000
Excess tax benefit from equity-related transactions 593,000 132,000
Net cash provided by financing activities 22,095,000 $ 2,453,000
Effect of currency exchange rates on cash 30,000
Net increase in cash and cash equivalents 1,253,000 $ 433,000
Cash and cash equivalents balance, beginning of year 1,036,000 4,586,000
Cash and cash equivalents balance, end of period $ 2,289,000 $ 5,019,000