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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Cash flows related to operating activities:    
Net income $ 1,753 $ 4,597
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 823 718
Deferred income tax 27 1,741
Stock based compensation 479 361
Increase in inventory reserve 84 175
(Decrease) increase in allowance for doubtful accounts (11) 22
Loss on disposal of property and equipment   5
Change in assets and liabilities:    
Accounts receivable (590) (838)
Inventories (890) (622)
Prepaid income taxes 7 (190)
Other current assets (61) 124
Other non-current assets (8) 12
Accounts payable 545 173
Accrued employee compensation and benefit costs 93 79
Post retirement obligation 40 (5,126)
Other accrued liabilities 50 (70)
Accrued income taxes   (31)
Employee stock ownership trust payment 100 101
Net cash provided by operating activities 2,441 1,231
Cash flows related to investing activities:    
Capital expenditures - property, plant and equipment (991) (1,132)
Proceeds from sale of assets   33
Net cash used in investing activities (991) (1,099)
Cash flows related to financing activities:    
Principal payments on long-term debt (548) (548)
Proceeds from exercise of stock options   7
Purchase of treasury shares (275) (114)
Cash dividend (380) (375)
Net cash used in financing activities (1,203) (1,030)
Net increase (decrease) in cash and cash equivalents 247 (898)
Cash and cash equivalents at beginning of year 3,268 4,166
Cash and cash equivalents at end of year $ 3,515 $ 3,268