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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Operating activities    
Net income $ 178 $ 896
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 4,567 5,049
Debt issuance costs amortization 19 23
Deferred income taxes (260) 207
Gain on sale of assets (2) (92)
Gain on sale of business 0 (218)
Unrealized foreign currency transaction loss (gain) 1,185 (32)
Changes in operating assets and liabilities:    
Accounts receivable 6,683 1,945
Inventories (8,467) (4,672)
Other assets (1,017) 728
Accounts payable 5,097 3,548
Customer deposits 3,420 (2,853)
Accrued expenses (799) (4,619)
Accrued pension and postretirement liabilities (57) 93
Net cash provided by operating activities 10,547 3
Investing activities    
Acquisition of business, net of cash acquired 0 (3,533)
Capital expenditures (1,993) (1,124)
Proceeds from disposal of business 0 218
Proceeds from sales of assets 11 122
Net cash used in investing activities (1,982) (4,317)
Financing activities    
Payment of contingent consideration 0 (6,000)
Proceeds from short-term notes payable to bank 13,706 6,204
Repayments of short-term notes payable to bank (13,706) (6,204)
Repayments of long-term debt (2,364) (7,585)
Dividends paid (525) (503)
Purchase of treasury stock (201) 0
Net proceeds from sales of common stock 0 5,678
Net cash used in financing activities (3,090) (8,410)
Effect of exchange rate changes on cash 1,010 292
Net increase (decrease) in cash 6,485 (12,432)
Cash and cash equivalents at beginning of period 16,293 34,722
Cash and cash equivalents at end of period $ 22,778 $ 22,290