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Consolidated Statements of Cash Flows
12 Months Ended
Dec. 31, 2017
USD ($)
Dec. 31, 2016
USD ($)
Dec. 31, 2015
USD ($)
Cash flows from operating activities:      
Net income $ 5,459,000 $ 7,411,000 $ 12,050,000
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 6,240,000 6,283,000 6,041,000
Deferred income taxes (597,000) 426,000 1,229,000
Mark-to-market of interest rate swap 0 3,000 (14,000)
Share-based compensation 1,331,000 1,003,000 785,000
Foreign Currency Transaction Gain (Loss), before Tax (8,000) 110,000 54,000
Change in operating assets and liabilities, net of effects of acquisition:      
Accounts receivable (295,000) 17,335,000 (911,000)
Inventories (2,547,000) 2,785,000 (1,387,000)
Income taxes receivable 0 670,000 1,616,000
Prepaid and other assets (2,934,000) (266,000) 1,395,000
Accounts payable 5,347,000 (4,689,000) 2,095,000
Accrued and other liabilities (4,719,000) (4,422,000) (3,786,000)
Post retirement benefits liability (381,000) (360,000) (444,000)
Net cash provided by operating activities 6,912,000 26,069,000 18,615,000
Cash flows from investing activities:      
Purchase of property, plant and equipment (4,259,000) (2,863,000) (5,683,000)
Business Combination, Purchase Price Allocated 0 0 (14,512,000)
Net cash used in investing activities (4,259,000) (2,863,000) (20,195,000)
Cash flows from financing activities:      
Gross borrowings on revolving line of credit 0 0 (10,102,000)
Gross borrowings on revolving line of credit 0 0 7,334,000
Borrowing of Secured Debt Term Loan 0 0 15,500,000
Repayments of Secured Debt Term Loan (3,000,000) (3,000,000) (2,750,000)
Payment of principal on capex loan 0 (714,000) (1,714,000)
Excess Tax Benefit from Share-based Compensation, Financing Activities 0 (16,000) 211,000
Payments related to the purchase of treasury stock (372,000) (134,000) (287,000)
Payments of Dividends (786,000)    
Dividends (786,000) 0 0
Proceeds from issuance of common stock 0 0 19,000
Net cash (used in) provided by financing activities (4,158,000) (3,864,000) 8,211,000
Net change in cash and cash equivalents (1,505,000) 19,342,000 6,631,000
Cash and cash equivalents at beginning of year 28,285,000 8,943,000 2,312,000
Cash and cash equivalents at end of year 26,780,000 28,285,000 8,943,000
Cash paid for:      
Interest (net of amounts capitalized) 247,000 289,000 279,000
Income taxes 2,411,000 1,884,000 4,218,000
Non Cash:      
Fixed asset purchases in accounts payable 278,000 316,000 $ 464,000
Commitments For Capital Expenditures In Progress $ 1,071,000 $ 616,000