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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Operating activities      
Net income (loss) $ (6,006) $ 2,044 $ 14,972
Adjustments to reconcile net income to net cash provided by operating activities:      
Impairment charge 2,384 3,417
Depreciation and amortization 3,018 2,915 2,919
Amortization of unearned stock compensation 856 886 868
Provision for doubtful accounts 285 97 50
Provision for inventory obsolescence 93 397 1,002
Deferred income taxes 6 (485) (923)
Other non-cash items (116) (59) (93)
Changes in operating assets and liabilities:      
Accounts receivable 4,019 15,352 (1,144)
Inventories 10,483 12,784 6,147
Book overdraft (517) 588 (1,481)
Trade accounts payable 896 (1,613) (5,644)
Accrued and other current liabilities 2,587 (3,557) (5,794)
Income taxes (1,016) (713) 184
Other operating activities 271 (224) 206
Net cash provided by operating activities 17,243 31,829 11,269
Investing activities      
Expenditures for property and equipment (1,319) (3,123) (2,177)
Proceeds from disposals of property and equipment 5 8 25
Cash paid for acquisition (32,370)
Net cash used in investing activities (33,684) (3,115) (2,152)
Financing activities      
Borrowings on revolver 302,898 310,366 405,884
Payments on revolver (281,698) (325,025) (399,989)
Proceeds from exercise of stock options 11 181
Payment of dividends (2,495) (7,172) (8,293)
Excess tax benefit for options 7
Purchase of treasury stock (2,264) (6,894) (6,907)
Net cash provided by (used in) financing activities 16,441 (28,714) (9,117)
Net change in cash
Cash at beginning of year
Cash at end of year
Supplemental disclosures      
Cash paid during the year for interest 728 900 1,160
Cash paid during the year for income taxes $ 233 $ 4,278 $ 10,029