XML 30 R7.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income (loss) $ 8,470 $ 1,226 $ (4,521)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation 4,087 4,406 4,918
Amortization of intangible assets 829 564 353
Stock-based compensation expense 333 210 98
Deferred compensation expense 222 226 250
Provision for bad debts 738 108 950
Deferred income taxes 18 17 0
Gain on sale of fixed assets and acquisition of business (244) (2,866) (1,201)
Stock warrants revaluation 699 (261) 817
Increase in cash surrender value of life insurance (21) (139) (109)
Deferred financing amortization 995 1,535 1,294
Amortization of debt discount and bond costs 122 128 164
Gain on divestitures 0 0 (683)
Interest paid-in-kind 116 625 1,035
Amortization of loss on interest rate swap agreements 677 318 318
Change in fair value of derivative financial instruments (106) (295) (697)
Other 0 0 (159)
Change in operating assets and liabilities, net of the effects of acquisitions:      
Trade receivables (3,334) 3,456 (5,414)
Inventories (3,874) (1,956) 4,703
Prepaid expenses and other 87 (307) 822
Accounts payable and accrued liabilities 2,467 1,313 1,402
Payments on deferred compensation obligations (466) (421) (428)
Net cash provided by operating activities 11,815 7,887 3,912
CASH FLOWS FROM INVESTING ACTIVITIES      
Capital expenditures (2,436) (1,356) (309)
Proceeds from sale of property, equipment and facilities 101 8,416 1,697
Proceeds from sale of businesses and related facilities 0 0 11,824
Business acquisitions (7,314) (5,776) 0
Other (91) (97) 13
Net cash provided by (used in) investing activities (9,740) 1,187 13,225
CASH FLOWS FROM FINANCING ACTIVITIES      
Long-term debt payments, net (3,563) (12,507) (14,483)
Short-term debt borrowings (payments), net 1,000 5,750 (4,700)
Proceeds from life insurance policy loans 2,762 0 0
Payment on termination of interest rate swap agreements (1,137) 0 0
Payment of deferred financing/debt issuance costs (2,568) (397) (487)
Other 24 (23) (79)
Net cash used in financing activities (3,482) (7,177) (19,749)
Increase (decrease) in cash and cash equivalents (1,407) 1,897 (2,612)
Cash and cash equivalents at beginning of year 1,957 60 2,672
Cash and cash equivalents at end of year $ 550 $ 1,957 $ 60