XML 27 R6.htm IDEA: XBRL DOCUMENT v3.3.1.900
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Operating activities    
Net loss $ (5,881) $ (268)
Depreciation 1,342 1,283
Amortization of intangible assets 1,817 318
Amortization of deferred financing costs 128 120
Deferred tax expense (income) (3,121) 461
Gain on repurchase of notes (150) 0
Accrued pension (127) 51
Stock-based compensation 231 226
Impairments of fixed assets 2,581 0
Loss on sale of fixed assets 41 0
Intangible asset impairment 428 231
Imputed interest expenses 31 0
Foreign currency remeasurement gain (loss) (32) (255)
Goodwill impairment 0 1,171
Changes in current operating assets and liabilities:    
Accounts receivable (2,207) (1,322)
Inventories (4,840) (1,634)
Prepaid expenses and other assets (175) (251)
Income taxes (285) (1,318)
Accounts payable and accrued liabilities 6,256 1,282
Net cash (used in) provided by operating activities (3,963) 95
Investing activities    
Additions to property, plant and equipment (1,052) (723)
Business acquisitions, net of cash acquired (2,106) (884)
Note receivable (243) (206)
Net cash used in investing activities (3,401) (1,813)
Financing activities    
Increase in bank overdrafts 1,923 0
Increase (decrease) in revolving credit facilities 3,139 6,139
Increase in long-term debt 0 5,000
Repayment of long-term debt (5,035) (3,881)
Payment of deferred financing costs (61) (85)
Net proceeds from issuance of common stock 4,553 (15)
Repayment of financing obligation 0 (1,435)
Net cash provided by financing activities 4,519 5,723
(Decrease) increase in cash and cash equivalents (2,845) 4,005
Effect of foreign exchange on cash and cash equivalents (339) (598)
Cash and cash equivalents, beginning of year 3,832 425
Cash and cash equivalents, end of year 648 3,832
Supplemental cash flow information:    
Interest paid 606 478
Income taxes paid, net of refunds 435 1,378
Issuance of common stock for acquisition of business 0 1,005
Issuance of common stock for repurchase of notes 0 990
Non-cash investing activities:    
Forgiveness of indebtedness due to purchaser $ 609 $ 0