XML 16 R5.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash Flows From Operating Activities:    
Net income $ 4,198 $ 2,657
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 2,791 2,450
Deferred income taxes 2,822 (48)
Stock compensation expense 496 466
Debt issue cost amortization recorded in interest expense 37 37
Other 609 248
Changes in operating assets and liabilities, excluding changes due to acquisition:    
Trade receivables (8,231) (4,768)
Inventories (3,887) 221
Prepaid expenses and other assets (1,408) 150
Accounts payable 5,479 1,302
Accrued liabilities (1,211) (383)
Net cash provided by operating activities 1,695 2,332
Cash Flows From Investing Activities:    
Consideration paid for acquisition (13,312)  
Purchase of property and equipment (2,222) (1,288)
Net cash used in investing activities (15,534) (1,288)
Cash Flows From Financing Activities:    
Borrowings on long-term debt 14,500  
Principal payments of long-term debt (4,350) (3,000)
Dividends paid to stockholders   (228)
Stock transactions under employee benefit stock plans 849 628
Net cash provided by (used in) financing activities 10,999 (2,600)
Effect of foreign exchange rate changes on cash 253 121
Net decrease in cash and cash equivalents (2,587) (1,435)
Cash and cash equivalents at beginning of period 15,590 15,483
Cash and cash equivalents at end of period $ 13,003 $ 14,048