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Consolidated Statements of Cash Flows - USD ($)
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash Flows From Operating Activities    
Net income $ 2,742,000 $ 1,166,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation & amortization 16,082,000 16,200,000
Amortization of debt issuance costs 298,000 298,000
Loss on disposals of property, plant and equipment   85,000
Impairment charges 2,155,000 0
Change in leases 3,276,000  
Stock based compensation 1,104,000 1,509,000
Deferred income taxes 3,058,000 285,000
Changes in operating assets and liabilities:    
Receivables 145,000 (1,878,000)
Inventories 18,567,000 3,438,000
Prepaid expenses and other assets 908,000 (290,000)
Accounts payable (4,939,000) 496,000
Income tax receivable / payable (6,445,000) (136,000)
Accrued expenses and other liabilities 4,037,000 786,000
Net cash provided by operating activities 40,988,000 21,959,000
Cash Flows From Investing Activities    
Purchases of property, plant and equipment (929,000) (17,823,000)
Proceeds from insurance   610,000
Net cash used in investing activities (929,000) (17,213,000)
Cash Flows From Financing Activities    
Payments of long-term debt and financing lease obligations (97,223,000) (33,102,000)
Advances on line of credit 56,099,000 43,000,000
Dividends paid   (5,212,000)
Repurchases of common stock   (10,455,000)
Employee taxes paid for shares withheld (93,000) (136,000)
Net cash used in financing activities (41,217,000) (5,905,000)
Effect of exchange rate changes on cash (10,000) 5,000
Net change in cash, cash equivalents and restricted cash (1,168,000) (1,154,000)
Cash, cash equivalents and restricted cash beginning of period 9,919,000 6,382,000
Cash, cash equivalents and restricted cash end of period 8,751,000 5,228,000
Cash, cash equivalents and restricted cash end of period 8,751,000 5,228,000
Supplemental disclosure of cash flow information    
Purchases of property, plant and equipment included in accounts payable and accrued expenses 103,000 1,225,000
Cash paid for interest 1,445,000 1,828,000
Cash paid for income taxes, net $ 22,000 $ 471,000