XML 28 R5.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Operating activities    
Net (loss) income $ 4,753 $ 12,669
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Impairment of goodwill 7,562 0
Depreciation and amortization 2,244 2,194
Amortization of capitalized loan costs 14 14
Amortization of unearned stock compensation 669 809
Provision for doubtful accounts (59) (19)
Provision for returns and allowances 30 (44)
Provision for inventory obsolescence 397 563
Deferred income taxes (1,416) (640)
Changes in operating assets and liabilities:    
Accounts receivable (1,059) (7,282)
Inventories 4,029 (20,163)
Prepaids (102) (41)
Other assets (22) 91
Book overdraft 4,039 1,228
Trade accounts payable 1,669 3,161
Accrued and other current liabilities (2,615) (5,706)
Income taxes (557) 1,542
Other long term obligations (5) (17)
Net cash provided by (used in) operating activities 19,571 (11,641)
Investing activities    
Expenditures for property and equipment (782) (718)
Net cash used in investing activities (782) (718)
Financing activities    
Borrowings on revolver 287,223 302,142
Payments on revolver (301,286) (285,116)
Proceeds from exercise of stock options 471 137
Excess tax benefit for stock options 44 34
Payment of dividends (5,509) (4,781)
Purchase of treasury stock (6) (57)
Net cash (used in) provided by financing activities (19,063) 12,359
Net change in cash (274) 0
Cash at beginning of period 274 0
Cash at end of period $ 0 $ 0