XML 24 R7.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF CASH FLOW (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Operating activities:      
Net income $ 16,389 $ 12,931 $ 10,155
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 7,241 7,289 7,537
Impairment of goodwill 0 0 3,350
Intangible asset impairment 1,163 0 0
Contingent consideration write-off (1,235) 0 0
Restricted stock compensation 1,254 1,794 1,672
Charges for inventory obsolescence and valuation 820 1,099 1,940
Change in deferred tax assets and liabilities 1,253 (166) (1,224)
Other noncash items (227) (240) (123)
Changes in operating assets and liabilities, net of acquired businesses:      
Trade accounts receivable (8,871) 1,440 (7,971)
Inventories (6,753) (544) 15,037
Prepaid expenses and other assets (1,080) 800 (91)
Current income taxes 818 (735) 21
Accounts payable 4,354 639 (4,768)
Accrued expenses 1,049 2,538 (3,118)
Net cash provided by operating activities 16,175 26,845 22,417
Investing activities:      
Additions to property, plant and equipment (10,267) (7,151) (3,938)
Proceeds from sale of equipment 270 6 123
Acquisitions, net of cash acquired 0 0 (9,990)
Other, net 0 0 (48)
Net cash used by investing activities (9,997) (7,145) (13,853)
Financing activities:      
Principal payments on long-term debt and notes payable (180) (327) (498)
Advances on revolving line of credit 0 13,520 43,819
Payments on revolving line of credit 0 (30,520) (51,819)
Other, net (77) (457) (64)
Net cash used by financing activities (257) (17,784) (8,562)
Net increase (decrease) in cash and cash equivalents 5,921 1,916 2
Cash and cash equivalents, beginning of year 1,947 31 29
Cash and cash equivalents, end of year 7,868 1,947 31
Supplemental disclosures of cash flow information:      
Interest paid 490 531 1,518
Income taxes paid, net of refunds received $ 5,032 $ 6,360 $ 6,950