XML 27 R6.htm IDEA: XBRL DOCUMENT v3.3.0.814
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
OPERATING ACTIVITIES:    
Net income $ 12,098 $ 9,181
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation and amortization 3,038 2,858
Loss on deconsolidation of subsidiary   83
Provision for doubtful accounts 185 158
Excess tax benefit from stock-based compensation (106) (22)
Issuance of non-employee director shares 96 96
Deferred income tax provision 60 (155)
Changes in operating assets and liabilities:    
Accounts receivable (215) (18,412)
Inventories (8,599) (11,598)
Prepaid expenses (773) (846)
Other assets (244)  
Accounts payable 6,691 18,583
Accrued liabilities 1,556 2,510
Net cash flows from operating activities 13,787 2,436
INVESTING ACTIVITIES:    
Purchases of property, plant and equipment (5,877) (3,698)
Payments received on notes receivable 1 23
Net cash flows from investing activities (5,876) (3,675)
FINANCING ACTIVITIES:    
Payments of cash dividends (5,438) (5,083)
Proceeds from stock option exercises 186 180
Excess tax benefit from stock-based compensation 106 22
Net cash flows from financing activities (5,146) (4,881)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND TEMPORARY INVESTMENTS (1,397) (465)
NET CHANGE IN CASH AND TEMPORARY INVESTMENTS 1,368 (6,585)
CASH AND TEMPORARY INVESTMENTS, beginning of period 39,597 42,864
CASH AND TEMPORARY INVESTMENTS, end of period 40,965 36,279
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Cash payments for interest 1,099 743
Cash payments for income taxes, net of refunds $ 6,908 $ 5,034