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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash Flows from Operating Activities:    
Net loss from continuing operations $ (44,000) $ (5,304,000)
Net income from discontinued operations 0 12,243,000
Non-cash charges:    
Depreciation and amortization 650,000 823,000
Amortization of other intangible assets 439,000 586,000
Amortization of debt issue costs 25,000 108,000
Recovery for losses on accounts receivable - net (5,000) (1,000)
Stock-based compensation 0 13,000
Restricted stock-based compensation 22,000 25,000
Gain on sale of fixed assets (1,000) (6,000)
Deferred income taxes (24,000) (2,868,000)
Impairment of goodwill and other intangible assets 0 8,311,000
Changes in operating assets and liabilities:    
Accounts receivable (1,059,000) (1,979,000)
Inventories 1,399,000 (531,000)
Prepaid expenses and other current assets 199,000 (186,000)
Other assets 32,000 (1,619,000)
Accounts payable 384,000 28,000
Accrued compensation and benefits (618,000) (641,000)
Accrued other liabilities (822,000) 241,000
Other liabilities (9,000) (9,000)
Total adjustments 612,000 2,295,000
Net cash provided by (used in) operating activities - continuing operations 568,000 (3,009,000)
Net cash used in operating activities - discontinued operations 0 (840,000)
Net cash provided by (used in) operating activities 568,000 (3,849,000)
Cash Flows from Investing Activities:    
Capital expenditures (358,000) (766,000)
Purchase of net assets of Jiffy Air Tool, Inc. (6,845,000) 0
Proceeds from disposal of assets 1,000 10,000
Net cash used in investing activities - continuing operations (7,202,000) (756,000)
Net cash provided by investing activities - discontinued operations 0 20,149,000
Net cash (used in) provided by investing activities (7,202,000) 19,393,000
Cash Flows from Financing Activities:    
Dividend payments (360,000) (1,976,000)
Proceeds from exercise of stock options 62,000 23,000
Purchase of Class A common stock 0 (255,000)
Net proceeds from short-term borrowings 4,537,000 11,793,000
Repayments of term loans 0 (6,343,000)
Repayments of notes payable (10,000) (17,000)
Payments of debt issue costs (50,000) (30,000)
Net cash provided by financing activities - continuing operations 4,179,000 3,195,000
Net cash used in financing activities - discontinued operations 0 (18,716,000)
Net cash provided by (used in) financing activities 4,179,000 (15,521,000)
Effect of exchange rate changes on cash 25,000 (43,000)
Net decrease in cash (2,430,000) (20,000)
Cash at beginning of period 3,699,000 927,000
Cash at end of period 1,269,000 907,000
Supplemental disclosures of cash flow information:    
Cash paid for: Interest 36,000 108,000
Cash paid for: Income taxes 335,000 43,000
Supplemental disclosures of non-cash investing and financing activities:    
Contingent consideration on acquisition $ 692,000 $ 0