XML 38 R28.htm IDEA: XBRL DOCUMENT v3.20.2
Restatement of Previously Issued Financial Statements - Statements of Cash Flows (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Dec. 31, 2019
Operating activities          
Net income (loss) from continuing operations $ 8,065 $ 1,898 $ 6,711 $ 1,236  
Adjustments to reconcile net income (loss) from continuing operations to net cash used for operating activities:          
Depreciation and amortization     1,486 1,841  
Deferred income taxes     1,037 1,900  
Stock compensation expense     1,817 1,629  
Other     116 77  
Net changes in operating assets and liabilities:          
Affiliate payable     0 (2,195)  
Trade receivables     19,079 12,922  
Inventory     17,222 1,936  
Other assets     (1,462) (1,602)  
Accounts payable     (18,871) (33,102)  
Other liabilities     (5,383) (16,288)  
Net cash provided by (used for) operating activities from continuing operations     21,752 (31,646)  
Investing activities          
Expenditures for property, plant and equipment     (1,592) (1,972)  
Other     (500) 0  
Net cash used for investing activities from continuing operations     (2,092) (1,972)  
Financing activities          
Net additions (reductions) to revolving credit agreements     (16,692) 34,852  
Purchase of treasury stock     0 (2,334)  
Cash dividends paid     (2,454) (2,419)  
Net cash provided by (used for) financing activities from continuing operations     (19,146) 30,099  
Cash flows from discontinued operations          
Net cash used for operating activities from discontinued operations     (6,193) (10,443)  
Net cash provided by investing activities from discontinued operations     6 (83)  
Net cash provided by financing activities from discontinued operations     0 9,450  
Cash used for discontinued operations     (6,187) (1,076)  
Effect of exchange rate changes on cash, cash equivalents, and restricted cash     1,079 (626)  
Cash, cash equivalents and restricted cash          
(Decrease) increase for the year from continuing operations     1,593 (4,145)  
Increase (decrease) for the year from discontinued operations     (6,187) (1,076)  
Balance at the beginning of the period     7,164 6,352 $ 6,352
Balance at the end of the period $ 2,570 1,131 $ 2,570 1,131 7,164
As Previously Reported          
Operating activities          
Net income (loss) from continuing operations   (944)   (2,705)  
Adjustments to reconcile net income (loss) from continuing operations to net cash used for operating activities:          
Depreciation and amortization       2,153  
Deferred income taxes       1,800  
Stock compensation expense       1,629  
Other       117  
Net changes in operating assets and liabilities:          
Affiliate payable       (2,199)  
Trade receivables       13,956  
Inventory       4,375  
Other assets       (133)  
Accounts payable       (41,259)  
Other liabilities       (19,841)  
Net cash provided by (used for) operating activities from continuing operations       (42,107)  
Investing activities          
Expenditures for property, plant and equipment       (2,091)  
Other       36  
Net cash used for investing activities from continuing operations       (2,055)  
Financing activities          
Net additions (reductions) to revolving credit agreements       44,302  
Purchase of treasury stock       (2,334)  
Cash dividends paid       (2,419)  
Net cash provided by (used for) financing activities from continuing operations       39,549  
Cash flows from discontinued operations          
Net cash used for operating activities from discontinued operations       0  
Net cash provided by investing activities from discontinued operations       0  
Net cash provided by financing activities from discontinued operations       0  
Cash used for discontinued operations       0  
Effect of exchange rate changes on cash, cash equivalents, and restricted cash       (608)  
Cash, cash equivalents and restricted cash          
(Decrease) increase for the year from continuing operations       (5,221)  
Increase (decrease) for the year from discontinued operations       0  
Balance at the beginning of the period       6,352 6,352
Balance at the end of the period   1,131   1,131  
Restatement Impacts          
Operating activities          
Net income (loss) from continuing operations   326   (1,298)  
Adjustments to reconcile net income (loss) from continuing operations to net cash used for operating activities:          
Depreciation and amortization       0  
Deferred income taxes       57  
Stock compensation expense       0  
Other       (11)  
Net changes in operating assets and liabilities:          
Affiliate payable       (1)  
Trade receivables       (128)  
Inventory       210  
Other assets       (214)  
Accounts payable       (9)  
Other liabilities       1,412  
Net cash provided by (used for) operating activities from continuing operations       18  
Investing activities          
Expenditures for property, plant and equipment       0  
Other       0  
Net cash used for investing activities from continuing operations       0  
Financing activities          
Net additions (reductions) to revolving credit agreements       0  
Purchase of treasury stock       0  
Cash dividends paid       0  
Net cash provided by (used for) financing activities from continuing operations       0  
Cash flows from discontinued operations          
Net cash used for operating activities from discontinued operations       0  
Net cash provided by investing activities from discontinued operations       0  
Net cash provided by financing activities from discontinued operations       0  
Cash used for discontinued operations       0  
Effect of exchange rate changes on cash, cash equivalents, and restricted cash       (18)  
Cash, cash equivalents and restricted cash          
(Decrease) increase for the year from continuing operations       0  
Increase (decrease) for the year from discontinued operations       0  
Balance at the beginning of the period       0 0
Balance at the end of the period   0   0  
As Restated          
Operating activities          
Net income (loss) from continuing operations   (618)   (4,003)  
Adjustments to reconcile net income (loss) from continuing operations to net cash used for operating activities:          
Depreciation and amortization       2,153  
Deferred income taxes       1,857  
Stock compensation expense       1,629  
Other       106  
Net changes in operating assets and liabilities:          
Affiliate payable       (2,200)  
Trade receivables       13,828  
Inventory       4,585  
Other assets       (347)  
Accounts payable       (41,268)  
Other liabilities       (18,429)  
Net cash provided by (used for) operating activities from continuing operations       (42,089)  
Investing activities          
Expenditures for property, plant and equipment       (2,091)  
Other       36  
Net cash used for investing activities from continuing operations       (2,055)  
Financing activities          
Net additions (reductions) to revolving credit agreements       44,302  
Purchase of treasury stock       (2,334)  
Cash dividends paid       (2,419)  
Net cash provided by (used for) financing activities from continuing operations       39,549  
Cash flows from discontinued operations          
Net cash used for operating activities from discontinued operations       0  
Net cash provided by investing activities from discontinued operations       0  
Net cash provided by financing activities from discontinued operations       0  
Cash used for discontinued operations       0  
Effect of exchange rate changes on cash, cash equivalents, and restricted cash       (626)  
Cash, cash equivalents and restricted cash          
(Decrease) increase for the year from continuing operations       (5,221)  
Increase (decrease) for the year from discontinued operations       0  
Balance at the beginning of the period       6,352 6,352
Balance at the end of the period   1,131   1,131  
Recasting Impacts          
Operating activities          
Net income (loss) from continuing operations   2,516   5,239  
Adjustments to reconcile net income (loss) from continuing operations to net cash used for operating activities:          
Depreciation and amortization       (312)  
Deferred income taxes       43  
Stock compensation expense       0  
Other       (29)  
Net changes in operating assets and liabilities:          
Affiliate payable       5  
Trade receivables       (906)  
Inventory       (2,649)  
Other assets       (1,255)  
Accounts payable       8,166  
Other liabilities       2,141  
Net cash provided by (used for) operating activities from continuing operations       10,443  
Investing activities          
Expenditures for property, plant and equipment       119  
Other       (36)  
Net cash used for investing activities from continuing operations       83  
Financing activities          
Net additions (reductions) to revolving credit agreements       (9,450)  
Purchase of treasury stock       0  
Cash dividends paid       0  
Net cash provided by (used for) financing activities from continuing operations       (9,450)  
Cash flows from discontinued operations          
Net cash used for operating activities from discontinued operations       (10,443)  
Net cash provided by investing activities from discontinued operations       (83)  
Net cash provided by financing activities from discontinued operations       9,450  
Cash used for discontinued operations       (1,076)  
Effect of exchange rate changes on cash, cash equivalents, and restricted cash       0  
Cash, cash equivalents and restricted cash          
(Decrease) increase for the year from continuing operations       1,076  
Increase (decrease) for the year from discontinued operations       (1,076)  
Balance at the beginning of the period       0 $ 0
Balance at the end of the period   $ 0   $ 0