XML 24 R7.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Cash Flows (USD $)
 12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Cash flows from operating activities:    
Net income $ 10,526,000 $ 2,433,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 3,942,000 3,949,000
Deferred income taxes 570,000 977,000
Mark-to-market of interest rate swaps 35,000 234,000
Post retirement benefits settlement loss 0 584,000
Share-based compensation 382,000 352,000
Gain on disposal of assets 0 8,000
Loss (gain) on translation of foreign currency financial statements 132,000 (114,000)
Change in operating assets and liabilities:    
Accounts receivable 7,302,000 2,810,000
Inventories 2,999,000 1,395,000
Prepaid and other assets 80,000 293,000
Accounts payable 2,159,000 1,770,000
Accrued and other liabilities 4,304,000 2,363,000
Partial settlement of postretirement benefits liability 0 (1,257,000)
Post retirement benefits liability (194,000) 583,000
Net cash provided by operating activities 11,475,000 7,368,000
Cash flows from investing activities:    
Purchase of property, plant and equipment (8,806,000) (2,228,000)
Proceeds from sale of property and equipment 0 22,000
Net cash used in investing activities (8,806,000) (2,206,000)
Cash flows from financing activities:    
Payment of principal on Mexican loan (1,600,000) 0
Payments of principal on capex loan (1,714,000) (1,714,000)
Payment of principal on term loan (107,000) (1,286,000)
Payment of principal on industrial development revenue bond (730,000) (675,000)
Excess tax benefit from equity incentive plans (322,000) 0
Payments related to the purchase of treasury stock 241,000 75,000
Proceeds from issuance of common stock 378,000 103,000
Net cash used in financing activities (3,692,000) (3,647,000)
Net change in cash and cash equivalents (1,023,000) 1,515,000
Cash and cash equivalents at beginning of period 5,657,000 4,142,000
Cash and cash equivalents at end of period 4,634,000 5,657,000
Cash paid for:    
Interest (net of amounts capitalized) 557,000 1,048,000
Income taxes 4,731,000 571,000
Non Cash:    
Fixed asset purchases in accounts payable $ 1,086,000 $ 51,000