XML 16 R5.htm IDEA: XBRL DOCUMENT v3.7.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash flows from operating activities:    
Net income $ 4,801 $ 3,810
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 2,796 2,749
Gain on sale of fixed assets 3 (4)
Share-based compensation 636 642
Excess tax benefit on share-based compensation (126)
Deferred income taxes 160 224
Changes in operating assets and liabilities:    
Receivables, net (1,057) (5,539)
Inventories 56 318
Prepaid expenses (174) (1,665)
Refundable income taxes 798 1,147
Other assets (63) (35)
Accounts payable (103) 581
Accrued expenses (69) (920)
Non-qualified deferred compensation plan and other liabilities 142 112
Net cash provided by operating activities 7,926 1,294
Cash flows from investing activities:    
Additions to property, plant and equipment (4,471) (4,076)
Proceeds from sale of fixed assets 6 4
Net cash used in investing activities (4,465) (4,072)
Cash flows from financing activities:    
Principal repayments of long-term debt (514) (505)
Proceeds from exercise of stock options, net of attestation 315 449
Excess tax benefit on share-based compensation 126
Payment of statutory withholdings for stock options exercised and restricted stock units vested (107) (89)
Net cash used in financing activities (306) (19)
Net increase (decrease) in cash and cash equivalents 3,155 (2,797)
Cash and cash equivalents at beginning of period 31,359 29,804
Cash and cash equivalents at end of period $ 34,514 $ 27,007