XML 53 R8.htm IDEA: XBRL DOCUMENT v3.22.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Operating activities    
Net income $ 9,406 $ 15,113
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 8,341 6,701
Stock-based compensation 4,838 1,479
Deferred income taxes (2,824) (167)
Reserve for obsolete and excess inventory 2,450 675
Goodwill impairment 0 1,918
Changes in operating assets and liabilities, net of effect of acquired businesses:    
Accounts receivable (2,966) 1,762
Inventories (14,347) 1,425
Miscellaneous receivables, prepaid expenses and other assets (2,720) (2,899)
Accounts payable and other liabilities 2,441 5,788
Other 830 733
Net cash provided by operating activities 5,449 32,528
Investing activities    
Purchases of property, plant and equipment (8,193) (1,687)
Business acquisition, net of acquired cash (33,000) (2,300)
Net cash used in investing activities (41,193) (3,987)
Financing activities    
Net proceeds (payments) on revolving lines of credit 11,900 (2,271)
Shares repurchased held in treasury (1,018) (3,254)
Payment of financing lease principal (222) (257)
Proceeds from stock option exercises 0 15
Net cash provided by (used in) financing activities 10,660 (5,767)
Effect of exchange rate changes on cash and cash equivalents 72 320
(Decrease) increase in cash and cash equivalents and restricted cash (25,012) 23,094
Cash, cash equivalents and restricted cash at beginning of year 29,391 6,297
Cash, cash equivalents and restricted cash at end of year 4,379 29,391
Cash and cash equivalents 4,181 28,393
Restricted cash 198 998
Total cash, cash equivalents and restricted cash 4,379 29,391
Supplemental disclosure of cash flow information    
Net noncash financing liability related to acquisition 0 (32,673)
Net cash paid for income taxes 4,364 5,377
Net cash paid for interest 968 398
Net noncash financing liability related to acquisition $ 311 $ 64