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Consolidated Statements of Cash Flows (Unaudited) (USD $)
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
OPERATING ACTIVITIES:    
Net income $ 7,621,000 $ 2,140,000
Adjustment for (income) loss from discontinued operations (403,000) 1,199,000
Income from continuing operations 7,218,000 3,339,000
Adjustments to reconcile income from continuing operations to net cash provided by (used in) operating activities:    
Depreciation 1,007,000 949,000
Amortization 537,000 623,000
Amortization of deferred financing costs 153,000 121,000
Stock-based compensation 173,000 180,000
Tax benefit from exercise of stock options (200,000) (147,000)
Non-cash compensation expense   157,000
Fire related (gain) loss (277,000) 108,000
(Recoveries of) provisions for losses on accounts receivable (13,000) 64,000
Deferred compensation and supplemental retirement benefits 199,000 196,000
Deferred compensation and supplemental retirement benefit payments (270,000) (269,000)
Deferred income taxes 584,000 46,000
Loss on sale of equipment 12,000 2,000
Changes in operating assets and liabilities:    
Accounts receivable (2,136,000) (7,705,000)
Inventories (1,894,000) (1,405,000)
Other current assets (1,555,000) (1,550,000)
Other assets (116,000) 6,000
Accounts payable 2,575,000 2,568,000
Other accrued liabilities (703,000) 1,024,000
Accrued income taxes 155,000 803,000
Net cash provided by (used in) operating activities from continuing operations 5,449,000 (890,000)
Net cash (used in) operating activities from discontinued operations (823,000) (589,000)
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES 4,626,000 (1,479,000)
INVESTING ACTIVITIES:    
Purchases of property, plant and equipment (1,934,000) (635,000)
Purchases of other assets (301,000) (152,000)
NET CASH USED IN INVESTING ACTIVITIES (2,235,000) (787,000)
FINANCING ACTIVITIES:    
Proceeds from Revolving Credit Facility 10,300,000  
Payments of Revolving Credit Facility (11,100,000)  
Payments of deferred financing costs (1,000)  
Treasury stock purchases   (1,993,000)
Treasury stock sales   337,000
Proceeds from stock options exercised 465,000 429,000
Tax benefit from exercise of stock options 200,000 147,000
NET CASH USED IN FINANCING ACTIVITIES (136,000) (1,080,000)
Effect of exchange rate changes on cash (16,000) 58,000
NET CHANGE IN CASH AND CASH EQUIVALENTS 2,239,000 (3,288,000)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 1,374,000 9,967,000
CASH AND CASH EQUIVALENTS AT END OF PERIOD 3,613,000 6,679,000
Cash paid during the period for:    
Interest 140,000 42,000
Income taxes $ 3,356,000 $ 845,000