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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Operating activities    
Net income $ 2,243 $ 11,304
Adjustments to reconcile net income to net cash provided by operating activities:    
Impairment charge 2,994
Depreciation and amortization 2,175 $ 2,242
Amortization of unearned stock compensation 668 633
Provision for inventory obsolescence 351 905
Deferred income taxes (727) (906)
Other non-cash items 70 (28)
Changes in operating assets and liabilities:    
Accounts receivable 10,370 (5,038)
Inventories 11,667 9,105
Book overdraft (808) (866)
Trade accounts payable 1,264 (175)
Accrued and other current liabilities (278) (6,371)
Income taxes (909) 105
Other operating activities (288) (329)
Net cash provided by operating activities 28,792 10,581
Investing activities    
Expenditures for property and equipment (2,946) (1,810)
Net cash used in investing activities (2,946) (1,810)
Financing activities    
Borrowings on revolver 233,187 303,870
Payments on revolver (248,208) (301,314)
Payment of dividends (6,166) (6,173)
Purchase of treasury stock $ (4,659) (5,333)
Other financing activities 179
Net cash used in financing activities $ (25,846) $ (8,771)
Net change in cash
Cash at beginning of period
Cash at end of period