XML 22 R8.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash Flows From Operating Activities:      
Net income $ 8,036 $ 9,078 $ 11,074
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 10,274 9,749 7,466
Deferred income taxes 3,713 1,770 1,417
Excess tax benefit from stock-based payment arrangements     (1,461)
Provision for doubtful accounts 39 167 333
Provision for excess and obsolete inventory 480 351 432
Provision for warranty 234 (138) 142
Write-off of debt issue costs on Prior Credit agreement recorded in interest expense   1,052  
Debt issue cost amortization recorded in interest expense 165 380  
Restricted stock compensation 2,026 1,893 1,744
Other (756) (652) 216
Changes in operating assets and liabilities, excluding changes due to acquisition:      
(Increase) decrease in trade receivables, net (4,051) (3,719) 3,655
Decrease (increase) in inventories 18 (928) (2,262)
(Increase) decrease in prepaid expenses and other assets (328) 69 (1,394)
Increase (decrease) in accounts payable 1,277 (956) (1,874)
Increase (decrease) in accrued liabilities and other liabilities 4,280 (3,813) 585
Net cash provided by operating activities 25,407 14,303 20,073
Cash Flows From Investing Activities:      
Purchase of property and equipment (6,201) (5,188) (4,730)
Consideration paid for acquisition, net of cash acquired   (16,205)  
Net cash used in investing activities (6,201) (21,393) (4,730)
Cash Flows From Financing Activities:      
(Repayments) borrowings on lines-of-credit, net (518) (5,709) 383
Principal payments of long-term debt (18,389) (67,125) (6,375)
Proceeds from issuance of long-term debt   76,321  
Payment of debt issuance costs   (745)  
Dividends paid to stockholders (959) (942) (923)
Shares withheld for payment of employee payroll taxes (1,513) (1,054) (1,559)
Excess tax benefit from stock-based payment arrangements     1,461
Stock transactions under employee benefit stock plans 1,213 834 918
Net cash provided by (used in) financing activities (20,166) 1,580 (6,095)
Effect of foreign exchange rate changes on cash 1,067 (285) (1,083)
Net increase (decrease) in cash and cash equivalents 107 (5,795) 8,165
Cash and cash equivalents at beginning of period 15,483 21,278 13,113
Cash and cash equivalents at end of period 15,590 15,483 21,278
Net cash paid during the period for:      
Interest 2,261 5,048 5,575
Income taxes $ 2,087 $ 1,148 $ 2,125