XML 69 R8.htm IDEA: XBRL DOCUMENT v3.20.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows used in operating activities:    
Net loss $ (1,272) $ (569)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 235 199
Amortization of intangibles 4 7
Loss on sale of fixed assets, net 9  
Foreign exchange (gain) loss (144) 30
Non-cash changes in accounts receivable 97 3
Non-cash changes in inventories 238 234
Non-cash lease expense 322  
Stock-based compensation expense on stock options and restricted stock awards 455 384
Deferred income taxes 1,946 (99)
Increase in cash surrender value of life insurance (51) (54)
Changes in operating assets and liabilities:    
Decrease (increase) in accounts receivable 2,206 (3,319)
Decrease in life insurance receivable   256
Decrease in inventories 1,149 1,464
Increase in refundable income taxes (169) (75)
Increase in operating right-of-use assets (2,131)  
Increase in other assets (473) (1,402)
Decrease in investment in lease 178 46
Decrease (increase) in long-term receivable 176 (956)
Decrease in accounts payable and accrued expenses (6,421) (1,573)
Increase in operating lease liabilities 2,076  
Increase in deferred revenue 637 2,124
Increase (decrease) in pension and retirement plans liabilities 18 (531)
Decrease in income taxes payable (694) (15)
(Decrease) increase in other long-term liabilities (252) 184
Net cash used in operating activities (1,861) (3,662)
Cash flows used in investing activities:    
Life insurance premiums paid (144) (70)
Purchases of property, equipment and improvements (240) (268)
Net cash used in investing activities (384) (338)
Cash flows used in financing activities:    
Dividends paid (1,263) (1,224)
Net payments under line-of-credit agreement (874) (1,641)
Proceeds from debt 2,037  
Repayments on debt (565)  
Principal payments on finance leases (157)  
Principal payments on finance leases   (136)
Purchase of common stock (43)  
Proceeds from issuance of shares under equity compensation plans 112 120
Net cash used in financing activities (753) (2,881)
Effects of exchange rate on cash 141 (38)
Net decrease in cash and cash equivalents (2,857) (6,919)
Cash and cash equivalents beginning of period 18,099 25,107
Cash and cash equivalents at end of period 15,242 18,188
Supplementary cash flow information:    
Cash paid for income taxes 16 40
Cash paid for interest $ 154 67
Supplementary non-cash financing and investing activities:    
Non-cash purchases of property and equipment   $ 15