XML 29 R7.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 1,638 $ 243
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation (including capital lease amortization) 1,995 1,417
Amortization of purchased intangible assets 1,616 1,585
Amortization of deferred debt issuance costs 25 25
Stock-based compensation 555 1,422
Deferred income tax provision (benefit) 445 (19)
Gain on disposal of property, plant and equipment 0 21
Change in:    
Accounts receivable, net 1,669 3,553
Inventory, net (2,545) 550
Prepaid expenses and other (1,870) (954)
Accounts payable (1,032) (603)
Customer advances 1,979 48
Accrued expenses and other liabilities (1,377) (998)
Net cash provided by operating activities 3,098 6,290
CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisition of property, plant and equipment (2,057) (4,453)
Change in other non-current assets 32 45
Net cash used in investing activities (2,025) (4,408)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Borrowings (repayments) on bank lines of credit, net (1,863) (202)
Payment on loans with former owners of LRI (15) (16)
Payment on capital lease obligations (15) (13)
Payment of dividends (550) (540)
Net proceeds from issuance of common stock to employees and directors 22 0
Tax impact of stock-based compensation 87 (890)
Net cash used in financing activities (2,334) (1,661)
EFFECTS OF EXCHANGE RATES ON CASH (226) (247)
NET DECREASE IN CASH AND CASH EQUIVALENTS (1,487) (26)
CASH AND CASH EQUIVALENTS, beginning of the period 10,617 8,200
CASH AND CASH EQUIVALENTS, end of the period $ 9,130 $ 8,174