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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Cash Flows from Operating Activities    
Net loss from continuing operations $ (884,000) $ (5,683,000)
Net income from discontinued operations 0 12,584,000
Non-cash charges:    
Depreciation and amortization 1,309,000 1,620,000
Amortization of other intangible assets 800,000 1,016,000
Amortization of debt issue costs 64,000 128,000
Provision for doubtful accounts 66,000 4,000
Stock-based compensation 80,000 13,000
Restricted stock-based compensation 38,000 50,000
Loss (gain) on sale of fixed assets 21,000 (1,700,000)
Deferred income taxes 912,000 (3,946,000)
Fair value increase in contingent consideration 158,000 0
Impairment of goodwill and other intangible assets 0 9,581,000
Changes in operating assets and liabilities:    
Accounts receivable (1,384,000) 498,000
Inventories 1,913,000 (316,000)
Prepaid expenses and other current assets 1,857,000 (2,006,000)
Other assets 45,000 58,000
Accounts payable 40,000 (372,000)
Accrued compensation and benefits 120,000 24,000
Accrued other liabilities (502,000) 390,000
Other liabilities (19,000) (18,000)
Total adjustments 5,518,000 5,024,000
Net cash provided by (used in) operating activities - continuing operations 4,634,000 (659,000)
Net cash used in operating activities - discontinued operations 0 (499,000)
Net cash provided by (used in) operating activities 4,634,000 (1,158,000)
Cash Flows from Investing Activities:    
Capital expenditures (910,000) (1,066,000)
Proceeds from disposal of assets 12,000 3,512,000
Purchase of net assets of Jiffy Air Tool, Inc. (6,845,000) 0
Purchase of patents (200,000) 0
Net cash (used in) provided by investing activities - continuing operations (7,943,000) 2,446,000
Net cash provided by investing activities - discontinued operations 0 20,149,000
Net cash (used in) provided by investing activities (7,943,000) 22,595,000
Cash Flows from Financing Activities:    
Dividend payments (722,000) (2,335,000)
Proceeds from exercise of stock options 62,000 23,000
Purchase of Class A common stock (358,000) (255,000)
Net proceeds from short-term borrowings 1,928,000 9,087,000
Repayments of term loans 0 (6,343,000)
Repayments of notes payable (14,000) (29,000)
Excess tax benefit on stock-based compensation 0 (18,000)
Payments of debt issue costs (84,000) (30,000)
Net cash provided by financing activities - continuing operations 812,000 100,000
Net cash used in financing activities - discontinued operations 0 (18,716,000)
Net cash provided by (used in) financing activities 812,000 (18,616,000)
Effect of exchange rate changes on cash 39,000 (49,000)
Net (decrease) increase in cash (2,458,000) 2,772,000
Cash at beginning of year 3,699,000 927,000
Cash at end of year 1,241,000 3,699,000
Supplemental disclosures of cash flow information:    
Cash paid for: Interest 97,000 133,000
Cash paid for: Income taxes 409,000 112,000
Supplemental disclosures of non-cash investing and financing activities:    
Contingent consideration on acquisition $ 692,000 $ 0