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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
OPERATING ACTIVITIES:    
Net income $ 5,431 $ 8,660
Adjustments to reconcile net income to net cash flows from operating activities:    
Depreciation and amortization 2,253 2,107
Loss on disposal of property, plant and equipment 7 2
Provision for doubtful accounts 50 55
Issuance of non-employee director shares 194 150
Deferred tax provision (30) 41
Changes in operating assets and liabilities:    
Accounts receivable (342) (34,646)
Inventories (4,724) (2,107)
Prepaid expenses (2,925) (2,537)
Other assets 227 491
Accounts payable 1,486 9,574
Accrued liabilities (3,479) 356
Net cash flows from operating activities (1,852) (17,854)
INVESTING ACTIVITIES:    
Purchases of property, plant and equipment (3,526) (3,155)
Proceeds from sale of property, plant and equipment 10  
Net cash flows from investing activities (3,516) (3,155)
FINANCING ACTIVITIES:    
Net proceeds under credit facility 25,000 15,000
Payments of cash dividends (2,053) (2,052)
Net payments on other long-term obligations (92) (95)
Finance lease obligation payments (5) (5)
Net cash flows from financing activities 22,850 12,848
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND TEMPORARY INVESTMENTS (460) 103
NET CHANGE IN CASH AND TEMPORARY INVESTMENTS 17,022 (8,058)
CASH AND TEMPORARY INVESTMENTS, beginning of period 26,072 27,037
CASH AND TEMPORARY INVESTMENTS, end of period 43,094 18,979
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Cash payments for interest 594 787
Cash payments for income taxes, net of refunds $ 739 $ 952