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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Dec. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES          
Net income     $ 16,346 $ 6,112  
Adjustments to reconcile net income to net cash provided by operating activities:          
Depreciation $ 5,367 $ 5,284 16,342 15,520  
Amortization     5,214 8,030  
Allowance for doubtful accounts     (29) 48  
Inventory excess and obsolescence reserve     (2) (511)  
Stock-based compensation expense     2,854 3,771  
Gain on disposal of property, plant and equipment     11 (1,311)  
Impairment of long-lived assets and gain on contracts (1,737)   (4,346)    
Deferred compensation     (5,368) (258)  
Non-cash lease expense     3,006    
Other non-cash adjustments     259 236  
Changes in operating assets and liabilities - net of effects of acquisition:          
Accounts receivable     (11,961) (16,809)  
Inventories     (4,762) (21,037) $ (39)
Tooling in progress     (2,745) (310)  
Prepaids and other current assets     (1,093) (989)  
Accounts payable     10,241 13,819  
Deferred income taxes     5,491 1,152  
Operating lease obligations     (2,698)    
Accrued liabilities     6,555 5,330  
Net cash provided by operating activities     33,315 12,793  
CASH FLOWS FROM INVESTING ACTIVITIES          
Purchase of property, plant and equipment     (38,808) (26,588)  
Proceeds from sale of property, plant and equipment     7,736 5,348  
Net cash used in investing activities     (31,072) (21,240)  
CASH FLOWS FROM FINANCING ACTIVITIES          
Proceeds from bank revolving credit notes     327,170 276,568  
Payments on bank revolving credit notes     (323,410) (267,108)  
Repayments of other long-term debt     (825)    
Purchase of treasury stock     (4,947) (653)  
Payments on finance leases     (237) (467)  
Proceeds from the exercise of stock options       139  
Other financing activities       (26)  
Net cash provided by (used in) financing activities     (2,249) 8,453  
Net increase (decrease) in cash and cash equivalents     (6) 6  
Cash and cash equivalents at beginning of period     118 121 121
Cash and cash equivalents at end of period $ 112 $ 127 112 127 $ 118
Supplemental disclosure of cash flow information:          
Cash paid for interest     1,761 1,580  
Cash paid for taxes     640 1,068  
Non-cash construction in progress in accounts payable     $ 6,085 $ 4,059