v3.19.3.a.u2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands |
6 Months Ended |
|
|
Cash flows from operating activities: |
|
|
Net income |
$ 3,366
|
$ 3,909
|
Adjustments to reconcile net income to net cash provided by operating activities: |
|
|
Depreciation |
3,893
|
4,056
|
Amortization |
353
|
391
|
Stock-based compensation |
467
|
(106)
|
Deferred income taxes |
53
|
(2,081)
|
Realized loss on sale of short-term investments (Available for Sale) |
|
94
|
Gain on sale of equipment |
(93)
|
(1,079)
|
Loss from investment in unconsolidated joint venture |
3
|
132
|
Foreign currency exchange gain |
(106)
|
(102)
|
Changes in assets and liabilities: |
|
|
Accounts receivable |
(835)
|
1,639
|
Inventories |
(4,797)
|
3,767
|
Other current assets |
(31)
|
379
|
Other assets |
133
|
(10)
|
Accounts payable - trade |
3,564
|
(3,264)
|
Deferred revenue |
(24)
|
(160)
|
Accrued expenses and deferred compensation |
1,620
|
(1,472)
|
Accrued restructuring costs |
(89)
|
260
|
Income taxes |
770
|
247
|
Net cash provided by operating activities |
8,247
|
6,600
|
Cash flows from investing activities: |
|
|
Net cash paid for acquisition of businesses |
|
(12,096)
|
Capital expenditures |
(2,410)
|
(2,096)
|
Proceeds from the sale of equipment |
363
|
1,280
|
Investment in unconsolidated joint venture |
|
(100)
|
Proceeds from the sale of short-term investments (Held to Maturity) |
5,000
|
4,000
|
Proceeds from the sale of short-term investments (Available for Sale) |
|
2,458
|
Purchase of short-term investments (Available for Sale) |
|
(10)
|
Purchase of long-term investments (Rabbi Trust) |
(479)
|
(526)
|
Net cash used provided by (used in) investing activities |
2,474
|
(7,090)
|
Cash flows from financing activities: |
|
|
Proceeds from line of credit |
|
12,000
|
Payments on line of credit |
|
(12,000)
|
Payments on vendor-financed capital expenditures |
|
(1,412)
|
Proceeds from subordinated loan payable |
250
|
|
Cash paid for acquisition of business |
(1,532)
|
|
Dividends paid |
(2,482)
|
(2,253)
|
Common stock surrendered for withholding taxes payable |
(51)
|
(1,292)
|
Capital contribution from non-controlling interest |
360
|
|
Common stock repurchased |
|
(844)
|
Net cash used in financing activities |
(3,455)
|
(5,801)
|
Effect of exchange rate changes on cash and cash equivalents |
(91)
|
(169)
|
Increase (decrease) in cash and cash equivalents |
7,175
|
(6,460)
|
Cash and cash equivalents at beginning of period |
40,008
|
21,228
|
Cash and cash equivalents at end of period |
$ 47,183
|
$ 14,768
|
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