XML 18 R7.htm IDEA: XBRL DOCUMENT v3.7.0.1
Statements of Consolidated Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
OPERATING ACTIVITIES    
Net income $ 5,674 $ 5,413
Adjustments to reconcile net income to net cash provided by (used in) operations:    
Depreciation and amortization 5,873 5,602
Provision for accounts receivable allowances 777 132
Provision for inventory reserves 722 864
Deferred income taxes (790) (815)
Share-based compensation expense 1,140 506
Gain on sale of property and equipment (13) (11)
Other - net 276 415
Changes in operating assets and liabilities    
Accounts receivable (15,284) 116
Inventories 539 (1,585)
Trade accounts payable and accrued liabilities 2,035 887
Income taxes - net 2,714 (1,695)
Other - net (1,644) 207
NET CASH PROVIDED BY OPERATING ACTIVITIES 2,019 10,036
INVESTING ACTIVITIES    
Capital expenditures (4,554) (19,677)
Proceeds from the sale of property and equipment 1 61
Restricted cash and maturity (purchase) of fixed-term deposits - net 6,923 (1,314)
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES 2,370 (20,930)
FINANCING ACTIVITIES    
Increase in notes payable to banks 2 337
Proceeds from the issuance of long-term debt 25,038 43,132
Payments of long-term debt (31,471) (28,862)
Dividends paid (2,092) (2,102)
Excess tax expenses from share-based awards 0 8
Proceeds from issuance of common shares 0 110
Purchase of common shares for treasury (238) (2,032)
Purchase of common shares for treasury from related parties (2) (33)
NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES (8,763) 10,558
Effects of exchange rate changes on cash and cash equivalents 1,639 (1,914)
Net decrease in cash and cash equivalents (2,735) (2,250)
Cash and cash equivalents at beginning of year 30,737 30,393
CASH AND CASH EQUIVALENTS AT END OF PERIOD $ 28,002 $ 28,143