XML 33 R32.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Cash Flows (First Aviation Services, Inc. [Member], USD $)
In Thousands, unless otherwise specified
 12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
First Aviation Services, Inc. [Member]
    
Cash flows from operating activities    
Net income (loss) $ 791 $ (1,191)
Adjustments to reconcile net income (loss) to net cash provided by operating activities    
Depreciation and amortization 1,160 1,146
Equity based compensation 93 132
Provision for bad debts 338 328
Provision for excess and obsolete inventory 236 270
Change in working capital assets/liabilities:    
Trade receivables 2,012 (1,930)
Inventories 3,109 2,109
Prepaid expenses and other 574 (7)
Accounts payable (2,621) 2,787
Accrued compensation and related expenses, and other accrued liabilities (2,242) (2,162)
Net cash provided by (used in) operating activities 3,450 1,482
Cash flows from investing activities    
Purchases of plant and equipment and other assets (345) (791)
Net cash provided by (used in) investing activities (345) (791)
Cash flows from financing activities    
Net change in revolving line of credit (5,272) 931
Loan costs (118) (347)
Repayments on term loan (600) (600)
Repayments on notes payable and other liabilities (305) (397)
Issuance of Class A common stock 3,001   
Net cash provided by (used in) financing activities (3,294) (413)
Effect of exchange rate changes on cash (1) (9)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (190) 269
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 1,302 1,033
BALANCE OF CASH AND CASH EQUIVALENTS AT END OF YEAR 1,112 1,302
Supplemental cash flow disclosures    
Cash paid for interest 1,126 1,828
Cash paid for income taxes paid, net $ 75 $ 28