XML 46 R5.htm IDEA: XBRL DOCUMENT v3.3.0.814
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Cash flows from operating activities:    
Net income $ 5,917 $ 5,988
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 3,507 3,207
Gain on sale of fixed assets (31) (70)
Share-based compensation 873 945
Excess tax benefit on share-based compensation (219) (845)
Deferred income taxes 283 (347)
Changes in operating assets and liabilities:    
Receivables, net (2,785) (1,533)
Inventories (642) (2,452)
Prepaid expenses (682) (257)
Refundable income taxes 2,503 1,553
Other assets 105 (58)
Accounts payable (666) 2,188
Accrued expenses 1,220 (1,264)
Retirement and other liabilities (136) (203)
Net cash provided by operating activities 9,247 6,852
Cash flows from investing activities:    
Additions to property, plant, and equipment (13,003) (10,940)
Proceeds from sale of fixed assets 31 84
Net cash used in investing activities (12,972) (10,856)
Cash flows from financing activities:    
Principal repayments of long-term debt (745) (731)
Proceeds from the exercise of stock options, net of attestation 220 336
Excess tax benefit on share-based compensation 219 845
Repurchases of common stock (587)  
Payment of statutory withholdings for stock options exercised and restricted stock units vested (79) (701)
Net cash used in financing activities (972) (251)
Net decrease in cash and cash equivalents (4,697) (4,255)
Cash and cash equivalents at beginning of period 34,052 37,303
Cash and cash equivalents at end of period $ 29,355 $ 33,048