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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 2,376 $ 2,450
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Depreciation and amortization 2,060 1,626
Provision for bad debts - accounts receivable 138 157
Share-based compensation expense 481 1,052
Deferred income tax benefit (provision) (1,182) 162
Gain on sale of property, plant and equipment (3)
Change in fair value of acquisition-related contingent liabilities 201 209
Changes in assets and liabilities:    
Accounts receivable - trade 309 2,147
Accounts receivable - other 312 (259)
Contract assets 1,876 (3,780)
Inventories 1,522 3,742
Prepaid expenses and other current assets (2,197) 27
Other assets (1,503) (1,564)
Accounts payable and other current liabilities (12) (7,132)
Long-term pension liability 262 97
Other long-term liabilities 1,099 450
Net cash provided by (used in) operating activities 5,739 (616)
CASH FLOWS FROM INVESTING ACTIVITIES    
Additions to property, plant and equipment (1,723) (1,055)
Proceeds from disposals of property, plant and equipment 3
Net cash used in investing activities (1,720) (1,055)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from long-term debt 54,856 31,657
Repayment of long-term debt (55,161) (24,642)
Payment of cash dividends (1,515) (1,402)
Payment of acquisition-related contingent liability (2,000)
Proceeds received on exercise of stock options 210 257
Tax benefit from vesting of acquisition-related restricted stock 30 105
Tax withholding on exercise of stock rights (17)
Common stock reaquired and retired (992)
Net cash (used in) provided by financing activities (2,572) 3,958
Effect of currency exchange rates on cash 15 25
Net increase in cash and cash equivalents 1,462 2,312
Cash and cash equivalents balance, beginning of year 5,362 8,130
Cash and cash equivalents balance, end of period $ 6,824 $ 10,442