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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 3,367 $ 2,376
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 1,869 2,060
Provision for bad debts - accounts receivable 865 138
Share-based compensation expense 399 481
Deferred income tax benefit (784) (1,182)
Gain on sale of property, plant and equipment (3)
Change in fair value of acquisition-related contingent liabilities 175 201
Changes in assets and liabilities:    
Accounts receivable - trade 4,940 309
Accounts receivable - other 425 312
Contract assets 299 1,876
Inventories (831) 1,522
Prepaid expenses and other current assets 2,327 (2,197)
Other assets 1,410 (1,503)
Accounts payable and other current liabilities 4,656 (12)
Long-term pension liability 294 262
Other long-term liabilities 134 1,099
Net cash provided by operating activities 19,545 5,739
CASH FLOWS FROM INVESTING ACTIVITIES    
Additions to property, plant and equipment (2,073) (1,723)
Proceeds from disposals of property, plant and equipment 3
Net cash used in investing activities (2,073) (1,720)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from borrowings of debt 34,488 54,856
Repayment of debt (52,672) (55,161)
Payment of cash dividends (1,521) (1,515)
Proceeds received on exercise of stock options 210
Tax (provision) benefit from vesting of acquisition-related restricted stock (13) 30
Common stock reacquired and retired (500) (992)
Net cash used in financing activities (20,218) (2,572)
Effect of currency exchange rates on cash (519) 15
Net increase (decrease) in cash and cash equivalents (3,265) 1,462
Cash and cash equivalents balance, beginning of period 9,038 5,362
Cash and cash equivalents balance, end of period $ 5,773 $ 6,824