Note 4 - Supplemental Cash Flow Information

3 Months Ended

Mar. 31, 2019

Notes to Financial Statements

Cash Flow, Supplemental Disclosures [Text Block]

NOTE

4

- Sup

plemental Cash Flow Information

:

Cash paid for income taxes was

$0.2

million and

$0.4

million, respectively, for the

three

-month periods ended

March 31, 2019

and

2018.

Cash paid for interest was

$1.0

million and

$0.2

million, respectively for the

three

-month periods ended

March 31, 2019

and

2018.

During the

three

months ended

March 31, 2019

and

2018,

respectively, the Company received

11,183

and

5,863

shares of its common stock as payment of the exercise price in the exercise of stock options for

27,172

and

20,234

shares.

As a result of the adoption of ASC

606

the following amounts were recorded on

January 1, 2018:

$43.3

million in contract assets, a reduction in inventory of

$24.9

million, an increase in accounts payable of

$2.6

million, an increase in other current liabilities of

$1.1

million, and an increase in deferred tax liabilities of

$3.5

million.

As a result of the adoption of ASC

842

the following amounts were recorded on

January 1, 2019:

a

$4.9

million operating lease right-of-use asset; a decrease in prepaid expenses and other current assets of

$0.1

million; a reduction in other assets of

$0.7

million; an increase in other current liabilities of

$1.0

million; and an operating lease liability of

$3.1

million.