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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Operating activities    
Net income $ 15,113 $ 7,221
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization (6,701) (5,893)
Stock-based compensation (1,479) (4,054)
Deferred income taxes (167) 2,169
Goodwill impairment 1,918 0
Changes in operating assets and liabilities, net of effect of acquired businesses:    
Accounts receivable 1,762 (1,380)
Inventories 2,100 (2,308)
Miscellaneous receivables, prepaid expenses and other assets (2,899) (3,890)
Accounts payable and other liabilities (5,788) 3,230
Other 733 667
Net cash provided by operating activities 32,528 9,196
Investing activities    
Purchases of property, plant and equipment (1,687) (2,028)
Business acquisition, net of acquired cash (2,300) 0
Net cash used in investing activities (3,987) (2,028)
Financing activities    
Net payments on revolving lines of credit (2,271) (8,552)
Shares repurchased held in treasury (3,254) (4,527)
Payment of financing fees 0 (573)
Payment of financing lease principal (257) (271)
Proceeds from stock option exercises 15 33
Net cash used in financing activities (5,767) (13,890)
Effect of exchange rate changes on cash and cash equivalents 320 336
Increase (decrease) in cash and cash equivalents and restricted cash 23,094 (6,386)
Cash, cash equivalents and restricted cash at beginning of year 6,297 12,683
Cash, cash equivalents and restricted cash at end of year 29,391 6,297
Total cash, cash equivalents and restricted cash 29,391 12,683
Supplemental disclosure of cash flow information    
Net noncash financing liability related to acquisition (32,673) 0
Net cash paid for income taxes 5,377 947
Net cash paid for interest $ 398 $ 590