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Consolidated Statements of Cash Flows
12 Months Ended
Dec. 31, 2018
USD ($)
Dec. 31, 2017
USD ($)
Dec. 31, 2016
USD ($)
Cash flows from operating activities:      
Net income (loss) $ (4,782,000) $ 5,459,000 $ 7,411,000
Adjustments to reconcile net income to net cash (used in) provided by operating activities:      
Depreciation and amortization 9,384,000 6,240,000 6,283,000
Deferred income taxes (1,739,000) (597,000) 426,000
Goodwill, Impairment Loss 2,403,000 0 0
Mark-to-market of interest rate swap 159,000 0 3,000
Share-based compensation 1,743,000 1,331,000 1,003,000
Foreign Currency Transaction Gain (Loss), before Tax (5,000) (8,000) 110,000
Change in operating assets and liabilities, net of effects of acquisition:      
Accounts receivable (17,945,000) (295,000) 17,335,000
Inventories (5,783,000) (2,547,000) 2,785,000
Income taxes receivable 0 0 670,000
Prepaid and other assets (528,000) (2,934,000) (266,000)
Accounts payable 7,822,000 5,347,000 (4,689,000)
Accrued and other liabilities 3,122,000 (4,719,000) (4,422,000)
Post retirement benefits liability (389,000) (381,000) (360,000)
Net cash (used in) provided by operating activities (6,528,000) 6,912,000 26,069,000
Cash flows from investing activities:      
Purchase of property, plant and equipment (5,801,000) (4,259,000) (2,863,000)
Business Combination, Purchase Price Allocated (63,005,000) 0 0
Net cash used in investing activities (68,806,000) (4,259,000) (2,863,000)
Cash flows from financing activities:      
Proceeds from Lines of Credit 133,848,000 0 0
Gross repayment on revolving loans (116,473,000) 0 0
Borrowing of Secured Debt Term Loan 45,000,000 0 0
Repayments of Secured Debt Term Loan (10,125,000) (3,000,000) (3,714,000)
Payments of Loan Costs (763,000) 0 0
Excess Tax Benefit from Share-based Compensation, Financing Activities 0 0 (16,000)
Payments related to the purchase of treasury stock (250,000) (372,000) (134,000)
Payments of Dividends (792,000) (786,000) 0
Net cash (used in) provided by financing activities 50,445,000 (4,158,000) (3,864,000)
Net change in cash and cash equivalents (24,889,000) (1,505,000) 19,342,000
Cash and cash equivalents at beginning of year 26,780,000 28,285,000 8,943,000
Cash and cash equivalents at end of year 1,891,000 26,780,000 28,285,000
Cash paid for:      
Interest (net of amounts capitalized) 2,261,000 247,000 289,000
Income taxes 1,033,000 2,411,000 1,884,000
Non Cash:      
Fixed asset purchases in accounts payable 871,000 278,000 $ 316,000
Commitments For Capital Expenditures In Progress $ 3,461,000 $ 1,071,000