XML 59 R7.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
 12 Months Ended
Oct. 31, 2014
Oct. 31, 2013
Oct. 31, 2012
Cash flows from operating activities:      
Net income $ 15,143us-gaap_NetIncomeLoss $ 8,190us-gaap_NetIncomeLoss $ 15,638us-gaap_NetIncomeLoss
Adjustments to reconcile net income to net cash provided by (used for) operating activities, net of acquisitions:      
Provision for doubtful accounts 338hurc_ProvisionForReductionOfDoubtfulAccounts 32hurc_ProvisionForReductionOfDoubtfulAccounts (224)hurc_ProvisionForReductionOfDoubtfulAccounts
Deferred income taxes 874us-gaap_DeferredIncomeTaxExpenseBenefit (909)us-gaap_DeferredIncomeTaxExpenseBenefit 1,846us-gaap_DeferredIncomeTaxExpenseBenefit
Equity in income of affiliates (444)us-gaap_IncomeLossFromEquityMethodInvestments (228)us-gaap_IncomeLossFromEquityMethodInvestments (276)us-gaap_IncomeLossFromEquityMethodInvestments
Foreign currency (gain) loss (1,482)us-gaap_ForeignCurrencyTransactionGainLossUnrealized (1,811)us-gaap_ForeignCurrencyTransactionGainLossUnrealized 3,003us-gaap_ForeignCurrencyTransactionGainLossUnrealized
Unrealized (gain) loss on derivatives 208us-gaap_UnrealizedGainLossOnDerivatives (477)us-gaap_UnrealizedGainLossOnDerivatives 522us-gaap_UnrealizedGainLossOnDerivatives
Depreciation and amortization 3,309us-gaap_DepreciationAndAmortization 3,392us-gaap_DepreciationAndAmortization 4,126us-gaap_DepreciationAndAmortization
Stock-based compensation 921us-gaap_ShareBasedCompensation 979us-gaap_ShareBasedCompensation 870us-gaap_ShareBasedCompensation
Changes in assets and liabilities, net of acquisitions:      
(Increase) decrease in accounts receivable (11,653)us-gaap_IncreaseDecreaseInReceivables 4,660us-gaap_IncreaseDecreaseInReceivables (8,662)us-gaap_IncreaseDecreaseInReceivables
(Increase) decrease in inventories (4,971)us-gaap_IncreaseDecreaseInInventories (1,020)us-gaap_IncreaseDecreaseInInventories (10,152)us-gaap_IncreaseDecreaseInInventories
(Increase) decrease in prepaid expenses (2,343)us-gaap_IncreaseDecreaseInPrepaidExpense 138us-gaap_IncreaseDecreaseInPrepaidExpense (2,263)us-gaap_IncreaseDecreaseInPrepaidExpense
Increase (decrease) in accounts payable 8,642us-gaap_IncreaseDecreaseInAccountsPayable 1,768us-gaap_IncreaseDecreaseInAccountsPayable (9,594)us-gaap_IncreaseDecreaseInAccountsPayable
Increase (decrease) in accrued expenses 5,257us-gaap_IncreaseDecreaseInAccruedLiabilities (1,885)us-gaap_IncreaseDecreaseInAccruedLiabilities 343us-gaap_IncreaseDecreaseInAccruedLiabilities
Net change in derivative assets and liabilities (741)us-gaap_IncreaseDecreaseInDerivativeAssetsAndLiabilities (485)us-gaap_IncreaseDecreaseInDerivativeAssetsAndLiabilities 68us-gaap_IncreaseDecreaseInDerivativeAssetsAndLiabilities
Other 3,277us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet 2,041us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet (2,232)us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet
Net cash provided by (used for) operating activities 16,335us-gaap_NetCashProvidedByUsedInOperatingActivities 14,385us-gaap_NetCashProvidedByUsedInOperatingActivities (6,987)us-gaap_NetCashProvidedByUsedInOperatingActivities
Cash flows from investing activities:      
Proceeds from sale of property and equipment 125us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment 2us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment 1us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment
Purchase of property and equipment (1,680)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (1,424)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (2,755)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Software development costs (955)us-gaap_PaymentsToDevelopSoftware (956)us-gaap_PaymentsToDevelopSoftware (977)us-gaap_PaymentsToDevelopSoftware
Other investments (76)us-gaap_PaymentsForProceedsFromOtherInvestingActivities (256)us-gaap_PaymentsForProceedsFromOtherInvestingActivities (42)us-gaap_PaymentsForProceedsFromOtherInvestingActivities
Acquisition of business, net of cash acquired    (380)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired   
Net cash used for investing activities (2,586)us-gaap_NetCashProvidedByUsedInInvestingActivities (3,014)us-gaap_NetCashProvidedByUsedInInvestingActivities (3,773)us-gaap_NetCashProvidedByUsedInInvestingActivities
Cash flows from financing activities:      
Proceeds from exercise of common stock options 357us-gaap_ProceedsFromStockOptionsExercised 302us-gaap_ProceedsFromStockOptionsExercised 1us-gaap_ProceedsFromStockOptionsExercised
Dividends paid (1,693)us-gaap_PaymentsOfDividends (646)us-gaap_PaymentsOfDividends   
Restricted shares vested 2us-gaap_StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures 1us-gaap_StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures   
Tax benefit from exercise of stock options    2us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities   
Repayment on short-term debt (379)us-gaap_RepaymentsOfShortTermDebt (4,271)us-gaap_RepaymentsOfShortTermDebt   
Borrowings on short-term debt       2,293us-gaap_ProceedsFromShortTermDebt
Net cash provided by (used for) financing activities (1,713)us-gaap_NetCashProvidedByUsedInFinancingActivities (4,612)us-gaap_NetCashProvidedByUsedInFinancingActivities 2,294us-gaap_NetCashProvidedByUsedInFinancingActivities
Effect of exchange rate changes on cash and cash equivalents (994)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents 275us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents (725)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents
Net increase (decrease) in cash and cash equivalents 11,042us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 7,034us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (9,191)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents at beginning of year 42,804us-gaap_CashAndCashEquivalentsAtCarryingValue 35,770us-gaap_CashAndCashEquivalentsAtCarryingValue 44,961us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents at end of year 53,846us-gaap_CashAndCashEquivalentsAtCarryingValue 42,804us-gaap_CashAndCashEquivalentsAtCarryingValue 35,770us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash paid for:      
Interest 167us-gaap_InterestPaid 176us-gaap_InterestPaid 127us-gaap_InterestPaid
Income taxes, net $ 5,782us-gaap_IncomeTaxesPaidNet $ 2,537us-gaap_IncomeTaxesPaidNet $ 10,679us-gaap_IncomeTaxesPaidNet