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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Payments of Dividends $ 0 $ (792,000)
Cash flows from operating activities:    
Net income (3,636,000) 963,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 5,180,000 4,701,000
Share-based compensation 866,000 969,000
(Gain) loss on foreign currency translation and transaction 17,000 (5,000)
Change in operating assets and liabilities:    
Accounts receivable (2,745,000) (12,463,000)
Inventories 1,798,000 700,000
Prepaid and other assets 2,367,000 (1,644,000)
Accounts payable (1,412,000) 8,878,000
Accrued and other liabilities 1,060,000 1,664,000
Post retirement benefits liability (198,000) (205,000)
Net cash provided by operating activities 3,297,000 3,558,000
Cash flows from investing activities:    
Purchase of property, plant and equipment (5,201,000) (3,428,000)
Net cash used in investing activities (5,201,000) (65,885,000)
Cash flows from financing activities:    
Proceeds from (Repayments of) Debt 0 45,000,000
Repayments of Short-term Debt (1,688,000) (8,438,000)
Proceeds from Lines of Credit 101,201,000 47,298,000
Payments related to purchase of treasury stock (60,000) (250,000)
Net Cash Provided by (Used in) Financing Activities 546,000 35,547,000
Business Combination, Consideration Transferred 0 (62,457,000)
Repayments of Lines of Credit (98,473,000) (46,514,000)
Payments of Financing Costs (434,000) (757,000)
Net change in cash and cash equivalents (1,358,000) (26,780,000)
Cash and cash equivalents at beginning of period 1,891,000 26,780,000
Cash and cash equivalents at end of period 533,000 0
Cash paid for:    
Interest (net of amounts capitalized) 1,660,000 1,022,000
Income taxes 1,016,000 520,000
Non Cash:    
Fixed asset purchases in accounts payable $ 368,000 $ 574,000