XML 31 R8.htm IDEA: XBRL DOCUMENT v3.20.1
Consolidated Statements of Cash Flows - USD ($)
 12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities:      
Net income (loss) $ (15,223,000) $ (4,782,000) $ 5,459,000
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:      
Depreciation and amortization 10,376,000 9,384,000 6,240,000
Deferred income taxes (873,000) (1,739,000) (597,000)
Goodwill, Impairment Loss 4,100,000 2,403,000 0
Mark-to-market of interest rate swap 67,000 159,000 0
Share-based compensation 1,564,000 1,743,000 1,331,000
Foreign Currency Transaction Gain (Loss), before Tax (33,000) (5,000) (8,000)
Change in operating assets and liabilities, net of effects of acquisition:      
Accounts receivable 13,044,000 (17,945,000) (295,000)
Inventories 4,083,000 (5,783,000) (2,547,000)
Prepaid and other assets 2,587,000 (528,000) (2,934,000)
Accounts payable (4,849,000) 7,822,000 5,347,000
Accrued and other liabilities 3,420,000 3,122,000 (4,719,000)
Post retirement benefits liability (1,628,000) (389,000) (381,000)
Net cash (used in) provided by operating activities 16,701,000 (6,528,000) 6,912,000
Cash flows from investing activities:      
Purchase of property, plant and equipment (7,460,000) (5,801,000) (4,259,000)
Business Combination, Purchase Price Allocated 0 (63,005,000) 0
Net cash used in investing activities (7,460,000) (68,806,000) (4,259,000)
Cash flows from financing activities:      
Proceeds from Lines of Credit 194,414,000 133,848,000 0
Gross repayment on revolving loans (199,782,000) (116,473,000) 0
Borrowing of Secured Debt Term Loan 0 45,000,000 0
Repayments of Secured Debt Term Loan (3,375,000) (10,125,000) (3,000,000)
Payments of Loan Costs (435,000) (763,000) 0
Payments related to the purchase of treasury stock (98,000) (250,000) (372,000)
Payments of Dividends 0 (792,000) (786,000)
Net cash (used in) provided by financing activities (9,276,000) 50,445,000 (4,158,000)
Net change in cash and cash equivalents (35,000) (24,889,000) (1,505,000)
Cash and cash equivalents at beginning of year 1,891,000 26,780,000 28,285,000
Cash and cash equivalents at end of year 1,856,000 1,891,000 26,780,000
Cash paid for:      
Interest (net of amounts capitalized) 3,869,000 2,261,000 247,000
Income taxes 1,284,000 1,033,000 2,411,000
Non Cash:      
Fixed asset purchases in accounts payable 158,000 871,000 $ 278,000
Commitments For Capital Expenditures In Progress $ 336,000 $ 3,461,000