XML 21 R7.htm IDEA: XBRL DOCUMENT v3.20.4
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities:      
Net income $ 19,050 $ 27,902 $ 20,312
Adjustments to reconcile net income to net cash provided by (used in) operating activities:      
Bargain purchase gain 0 0 (20,080)
Depreciation and finance lease amortization 12,344 12,391 8,767
Gain on sale of facilities 0 0 (2,960)
Amortization of intangible assets 2,207 322 550
Deferred income taxes 2,908 4,169 (3,847)
Gain on insurance proceeds (1,147) (1,641) 0
Share-based compensation expense 3,088 1,709 281
Other, net 1,889 856 665
Trade and other receivables 1,563 (3,435) 2,220
Contract assets, net 8,109 (8,379) (17,809)
Inventories 7,153 8,649 (13,628)
Prepaid expenses and other assets 2,514 2,454 2,910
Accounts payable (3,501) (4,675) 6,592
Accrued and other liabilities (90) 2,564 (2,373)
Net cash provided by (used in) operating activities 56,087 42,886 (18,400)
Cash flows from investing activities:      
Acquisition of business, net of cash acquired (48,728) 0 (37,223)
Purchases of property and equipment (14,013) (8,585) (3,797)
Purchases of intangible assets (329) 0 0
Proceeds from sale of facilities 0 0 8,515
Proceeds from sale of property and equipment 0 39 141
Proceeds from insurance 1,637 2,123 0
Net cash used in investing activities from continuing operations (61,433) (6,423) (32,364)
Net cash provided by investing activities from discontinued operations 0 0 4,465
Net cash used in investing activities (61,433) (6,423) (27,899)
Cash flows from financing activities:      
Borrowings on line of credit 41,377 41,744 29,904
Repayments on line of credit (41,377) (53,208) (18,440)
Borrowings on long-term debt 15,879 0 0
Payments on long-term debt (2,117) 0 0
Payments on finance lease liabilities (420) (434) (398)
Payments of debt issuance costs (465) (228) (435)
Tax withholdings related to net share settlements of restricted stock and performance share awards (618) 0 (1,301)
Net cash provided by (used in) financing activities 12,259 (12,126) 9,330
Change in cash and cash equivalents 6,913 24,337 (36,969)
Cash and cash equivalents, beginning of period 31,014 6,677 43,646
Cash and cash equivalents, end of period 37,927 31,014 6,677
Supplemental disclosure of cash flow information:      
Cash paid during the period for interest, net of amounts capitalized 599 369 330
Cash paid (received) during the period for income taxes (net of refunds of $153, $286 and $1) 1,397 (55) 170
Noncash investing and financing activities:      
Accrued property and equipment purchases 325 719 336
Right-of-use assets obtained in exchange for operating lease liabilities 4,471 1,335 0
Right-of-use assets obtained in exchange for finance lease liabilities $ 507 $ 819 $ 599