XML 17 R6.htm IDEA: XBRL DOCUMENT v3.22.4
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities:    
Net (loss) income $ (2,494) $ 2,923
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation and amortization 3,088 2,646
Forgiveness of PPP Loan and related interest 0 (3,599)
Deferred income taxes 329 1,015
Non-cash compensation 683 491
Deferred loan costs amortized 6 7
Net loss on disposal or abandonment of assets 0 11
Provision for excess and obsolete inventory 65 162
Non-cash lease expense 890 963
Other noncash items (148) 150
Contributions to pension plans (60) (297)
Changes in operating assets and liabilities:    
Accounts receivable 345 (1,265)
Inventory (11,804) (13,978)
Prepaid expenses and other assets (3,072) (1,314)
Accounts payable 5,556 5,268
Accrued and other liabilities 20,409 11,055
Net cash provided by operating activities 13,793 4,238
Cash flows from investing activities:    
Capital expenditures (3,041) (2,824)
Proceeds from sale of assets 10 10
Net cash used in investing activities (3,031) (2,814)
Cash flows from financing activities:    
Principal payments on finance lease obligations (982) (499)
Principal payments on equipment financing obligations (352) (176)
Indirect repurchase of shares for minimum statutory tax withholdings (49) (607)
Net cash used in financing activities (1,383) (1,282)
Effect of exchange rate changes on cash balances 649 (128)
Net increase in cash and cash equivalents 10,028 14
Cash and cash equivalents at beginning of year 11,620 11,606
Cash and cash equivalents at end of year 21,648 11,620
Supplemental disclosure of cash flow information:    
Fixed assets obtained in exchange for finance lease and equipment financing obligations $ 452 $ 4,012