|
Cash flows from operating activities:
|
|
|
|
|
|
|
|
|
|
|
|
|
Adjustments to reconcile net income to net cash provided by operating activities:
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Income (Loss) Available to Common Stockholders, Basic
|
|
$9.1m
|
$8.0m
|
$15.9m
|
$17.0m
|
$13.6m
|
$24.1m
|
$17.4m
|
$24.1m
|
$13.2m
|
$22.0m
|
|
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
|
|
—
|
$8.0m
|
$15.9m
|
$17.0m
|
$13.6m
|
$24.1m
|
$17.4m
|
$24.1m
|
$13.2m
|
$22.0m
|
|
Depreciation, Depletion and Amortization
|
|
$9.7m
|
$10.3m
|
$11.6m
|
$14.9m
|
$16.0m
|
$18.1m
|
$25.5m
|
$25.1m
|
$25.9m
|
$25.4m
|
|
Amortization of Intangible Assets
|
|
$3.2m
|
$3.2m
|
$3.7m
|
$5.7m
|
$5.9m
|
$6.2m
|
$11.2m
|
$12.3m
|
$12.5m
|
$12.5m
|
|
Depreciation
|
|
$6.5m
|
$7.1m
|
$7.9m
|
$9.1m
|
$10.1m
|
$11.9m
|
$12.7m
|
$12.8m
|
$13.2m
|
$12.9m
|
|
Deferred Income Tax Expense (Benefit)
|
|
$1.8m
|
$784k
|
($76k)
|
($112k)
|
($519k)
|
($6.1m)
|
($3.7m)
|
($5.0m)
|
($2.4m)
|
($1.5m)
|
|
Share-based Payment Arrangement, Noncash Expense
|
|
—
|
—
|
—
|
—
|
—
|
$4.2m
|
$5.1m
|
$5.5m
|
$4.1m
|
$3.4m
|
|
Goodwill, Impairment Loss
|
|
$0
|
$0
|
$0
|
$0
|
$0
|
$0
|
$0
|
$0
|
$0
|
—
|
|
Gain (Loss) on Disposition of Assets
|
|
—
|
—
|
($19k)
|
($247k)
|
($97k)
|
—
|
—
|
—
|
—
|
—
|
|
Income Tax Expense (Benefit)
|
|
$3.7m
|
$8.1m
|
$4.8m
|
$6.8m
|
$5.1m
|
($981k)
|
$6.3m
|
$5.6m
|
$3.7m
|
$6.7m
|
|
Interest Expense Nonoperating
|
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
$13.3m
|
$13.2m
|
|
Other Nonoperating Income (Expense)
|
|
$369k
|
($190k)
|
$153k
|
($468k)
|
($502k)
|
$323k
|
($283k)
|
($231k)
|
$116k
|
($2.1m)
|
|
Changes in operating assets and liabilities:
|
|
|
|
|
|
|
|
|
|
|
|
|
Additional Financial Items
|
|
|
|
|
|
|
|
|
|
|
|
|
Increase (Decrease) in Accounts Receivable
|
|
$3.7m
|
$4.1m
|
$4.1m
|
$1.5m
|
($2.7m)
|
$170k
|
$22.2m
|
$5.6m
|
($7.5m)
|
$7.9m
|
|
Increase (Decrease) in Inventories
|
|
$928k
|
($18k)
|
$17.3m
|
($70k)
|
$4.7m
|
$22.9m
|
$27.8m
|
$1.8m
|
($7.4m)
|
($3.3m)
|
|
Increase (Decrease) in Accounts Payable
|
|
($956k)
|
$1.3m
|
$6.5m
|
($1.8m)
|
($1.9m)
|
$8.3m
|
$2.8m
|
($935k)
|
($12.8m)
|
$175k
|
|
General and Administrative Expense
|
|
$24.3m
|
$24.9m
|
$32.0m
|
$37.7m
|
$38.3m
|
$42.4m
|
$50.7m
|
$58.4m
|
$55.7m
|
$57.9m
|
|
Goodwill
|
|
$27.5m
|
$29.5m
|
$52.6m
|
$52.9m
|
$61.9m
|
$106.6m
|
$126.4m
|
$131.3m
|
$131.8m
|
$134.3m
|
|
Inventory Write-down
|
|
$351k
|
$480k
|
$682k
|
$408k
|
$1.1m
|
$534k
|
$1.6m
|
$2.5m
|
$4.9m
|
$3.9m
|
|
Nonoperating Income (Expense)
|
|
($6.1m)
|
($2.7m)
|
($2.5m)
|
($5.6m)
|
($4.2m)
|
($2.9m)
|
($8.0m)
|
($12.6m)
|
($13.2m)
|
($15.3m)
|
|
Operating Expenses
|
|
$54.1m
|
$56.9m
|
$68.2m
|
$83.1m
|
$85.6m
|
$95.0m
|
$125.6m
|
$141.4m
|
$135.7m
|
$137.7m
|
|
Financing Receivable, Credit Loss, Expense (Reversal)
|
|
—
|
—
|
—
|
—
|
$382k
|
$506k
|
$1.2m
|
$1.2m
|
$1.6m
|
$887k
|
|
Net Cash Provided by (Used in) Operating Activities
|
|
$14.3m
|
$25.4m
|
$17.5m
|
$34.5m
|
$24.8m
|
$25.4m
|
$5.6m
|
$45.0m
|
$41.9m
|
$56.7m
|
|
Cash flows from investing activities:
|
|
|
|
|
|
|
|
|
|
|
|
|
Payments to Acquire Property, Plant, and Equipment
|
|
$5.2m
|
$6.2m
|
$14.3m
|
$14.9m
|
$9.4m
|
$13.7m
|
$15.9m
|
$11.6m
|
$9.7m
|
$7.0m
|
|
Payments to Acquire Businesses, Net of Cash Acquired
|
|
$16.2m
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
|
Net Cash Provided by (Used in) Investing Activities
|
|
($21.4m)
|
($6.2m)
|
($91.7m)
|
($14.9m)
|
($24.1m)
|
($61.0m)
|
($60.0m)
|
($22.6m)
|
($34.9m)
|
($7.0m)
|
|
Cash flows from financing activities:
|
|
|
|
|
|
|
|
|
|
|
|
|
Proceeds from Issuance of Long-term Debt
|
|
$76.3m
|
—
|
$83.2m
|
$9.6m
|
$27.0m
|
$51.4m
|
$74.7m
|
$11.0m
|
$76.9m
|
—
|
|
Repayments of Long-term Debt
|
|
$67.1m
|
$18.4m
|
$13.3m
|
$22.5m
|
$16.9m
|
$12.2m
|
—
|
—
|
—
|
—
|
|
Dividends paid
|
|
$942k
|
$959k
|
$1.1m
|
$1.2m
|
$1.2m
|
$1.4m
|
$1.5m
|
$1.8m
|
$2.0m
|
$2.0m
|
|
Net Cash Provided by (Used in) Financing Activities
|
|
$1.6m
|
($20.2m)
|
$67.8m
|
($14.8m)
|
$7.5m
|
$35.8m
|
$63.6m
|
($21.3m)
|
($843k)
|
($47.7m)
|
|
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents
|
|
($285k)
|
—
|
($400k)
|
($128k)
|
$1.5m
|
($932k)
|
($1.0m)
|
$173k
|
($1.9m)
|
$2.6m
|
|
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect
|
|
($285k)
|
$1.1m
|
($400k)
|
$4.7m
|
$9.7m
|
($668k)
|
$8.2m
|
$1.3m
|
$4.2m
|
$4.6m
|
|
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents
|
|
—
|
—
|
—
|
—
|
—
|
$22.5m
|
$30.6m
|
$31.9m
|
$36.1m
|
$40.7m
|
|
Supplemental disclosure of cash flow information:
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest Paid, Excluding Capitalized Interest, Operating Activities
|
|
$5.0m
|
$2.3m
|
$2.3m
|
$5.3m
|
$3.6m
|
$3.1m
|
—
|
$12.2m
|
$12.1m
|
$13.0m
|
|
Income Taxes Paid, Net
|
|
$1.1m
|
$2.1m
|
$7.0m
|
$2.1m
|
$8.6m
|
$3.9m
|
—
|
$12.7m
|
$7.8m
|
$9.0m
|