XML 15 R5.htm IDEA: XBRL DOCUMENT v3.7.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash flows from operating activities:    
Net income $ 2,171 $ 1,075
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 1,395 1,367
Gain on sale of fixed assets (5) (4)
Share-based compensation 209 201
Deferred income taxes 78 87
Changes in operating assets and liabilities:    
Receivables, net (674) (2,895)
Inventories (260) 984
Prepaid expenses (588) (1,496)
Refundable income taxes 807 604
Other assets (14) (6)
Accounts payable 1,513 (323)
Accrued expenses (614) (2,322)
Non-qualified deferred compensation plan and other liabilities 120 215
Net cash provided by (used in) operating activities 4,138 (2,513)
Cash flows from investing activities:    
Additions to property, plant, and equipment (1,463) (1,497)
Proceeds from sale of fixed assets 5 4
Net cash used in investing activities (1,458) (1,493)
Cash flows from financing activities:    
Principal repayments of long-term debt (256) (251)
Proceeds from exercise of stock options, net of attestation 79
Payment of statutory withholdings for stock options exercised and restricted stock units vested (107) (88)
Net cash used in financing activities (284) (339)
Net increase (decrease) in cash and cash equivalents 2,396 (4,345)
Cash and cash equivalents at beginning of period 31,359 29,804
Cash and cash equivalents at end of period $ 33,755 $ 25,459