XML 19 R8.htm IDEA: XBRL DOCUMENT v3.20.2
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities:    
Net income $ 5,689,000 $ (3,636,000)
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 5,588,000 5,180,000
Increase (Decrease) in Deferred Income Taxes 517,000 0
Share-based compensation 704,000 866,000
(Gain) loss on foreign currency translation and transaction (45,000) 17,000
Change in operating assets and liabilities:    
Accounts receivable 10,842,000 (2,745,000)
Inventories 5,457,000 1,798,000
Prepaid and other assets (3,667,000) 2,367,000
Accounts payable (7,910,000) (1,412,000)
Accrued and other liabilities 1,438,000 1,060,000
Post retirement benefits liability (130,000) (198,000)
Net cash provided by operating activities 18,483,000 3,297,000
Cash flows from investing activities:    
Purchase of property, plant and equipment (1,644,000) (5,201,000)
Net cash used in investing activities (1,644,000) (5,201,000)
Proceeds from (Repayments of) Debt [Abstract]    
Repayments of Lines of Credit (59,357,000) (98,473,000)
Repayments of Long-term Debt 2,258,000 1,688,000
Proceeds from Lines of Credit 47,349,000 101,201,000
Proceeds from (Repayments of) Debt 175,000 0
Payments of Financing Costs 0 (434,000)
Payments related to purchase of treasury stock 0 60,000
Net Cash Provided by (Used in) Financing Activities (14,091,000) 546,000
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 2,748,000 (1,358,000)
Cash and cash equivalents at beginning of period 1,856,000 1,891,000
Cash and cash equivalents at end of period 4,604,000 533,000
Cash paid for:    
Interest (net of amounts capitalized) 2,377,000 1,660,000
Income taxes 302,000 1,016,000
Non Cash:    
Fixed asset purchases in accounts payable $ 146,000 $ 368,000