|
Net earnings
|
|
($2.7m)
|
$2.8m
|
$5.1m
|
($5.2m)
|
$11.4m
|
$14.1m
|
$21.3m
|
$17.3m
|
$6.1m
|
$19.5m
|
|
Depreciation and amortization
|
|
$1.6m
|
$1.4m
|
$1.3m
|
$1.5m
|
$1.0m
|
$1.3m
|
$2.5m
|
$3.1m
|
$3.3m
|
$3.8m
|
|
Amortization of right-of-use asset
|
|
—
|
—
|
—
|
—
|
—
|
—
|
$0
|
$41k
|
$30k
|
$80k
|
|
Deferred taxes
|
|
($757k)
|
$1.3m
|
($327k)
|
($1.2m)
|
$1.3m
|
($562k)
|
$3.3m
|
$794k
|
$221k
|
$1.3m
|
|
Gain on disposal of property, plant and equipment
|
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
$0
|
($258k)
|
$0
|
|
Compensation expense for restricted stock
|
|
$72k
|
$289k
|
$138k
|
$333k
|
$528k
|
$449k
|
$303k
|
$246k
|
$151k
|
$683k
|
|
Change in post-retirement benefits
|
|
$58k
|
$10k
|
$35k
|
$11k
|
$9k
|
$11k
|
$8k
|
$9k
|
$10k
|
($19k)
|
|
Change in cash surrender value of officers’ life insurance
|
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
($7k)
|
$15k
|
|
Loss (gain) recognized on open derivatives not designated for hedge accounting
|
|
—
|
—
|
—
|
—
|
$0
|
$1.2m
|
$459k
|
($64k)
|
($2.0m)
|
$622k
|
|
Gain on fair value adjustment to contingent consideration
|
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
$0
|
($1.4m)
|
|
Accounts receivable
|
|
($4.1m)
|
($8.5m)
|
$4.3m
|
$1.5m
|
($8.7m)
|
($15.3m)
|
($13.7m)
|
$2.0m
|
($147k)
|
($19.3m)
|
|
Inventories
|
|
$7.0m
|
($3.1m)
|
($3.7m)
|
$12.4m
|
($622k)
|
($31.9m)
|
$59.2m
|
($29.6m)
|
$2.1m
|
($23.9m)
|
|
Other current assets
|
|
($913k)
|
$913k
|
($114k)
|
($237k)
|
$454k
|
($124k)
|
($1.4m)
|
$1.2m
|
$442k
|
($826k)
|
|
Accounts payable and accrued expenses
|
|
($473k)
|
$8.2m
|
$1.3m
|
($2.7m)
|
$5.4m
|
$22.0m
|
($18.9m)
|
$7.0m
|
($8.6m)
|
$22.2m
|
|
Income taxes payable
|
|
—
|
$414k
|
$160k
|
($160k)
|
$1.5m
|
($1.5m)
|
$774k
|
$1.4m
|
($1.6m)
|
($647k)
|
|
Employee compensation and related expenses
|
|
($37k)
|
$371k
|
($315k)
|
$112k
|
$2.2m
|
($1.6m)
|
$3.6m
|
$1.3m
|
($4.2m)
|
$6.5m
|
|
Cash paid for Century business combination
|
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
$0
|
($45.6m)
|
|
Proceeds from sale of assets
|
|
—
|
—
|
—
|
—
|
$31k
|
$161k
|
$0
|
$0
|
$1.6m
|
$0
|
|
Deposit on steel processing equipment
|
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
$0
|
($1.0m)
|
$0
|
|
Cash paid for principal portion of finance lease
|
|
—
|
—
|
—
|
($50k)
|
($101k)
|
($103k)
|
($105k)
|
($107k)
|
($54k)
|
$0
|
|
Cash paid for share repurchases
|
|
—
|
—
|
—
|
—
|
($1.7m)
|
($538k)
|
($37k)
|
($5.2m)
|
($171k)
|
($10k)
|
|
Borrowings on asset based lending facility
|
|
—
|
—
|
—
|
—
|
$0
|
$18.4m
|
$14.7m
|
$831.4m
|
$649.5m
|
$779.7m
|
|
Repayments on asset based lending facility
|
|
—
|
—
|
—
|
—
|
—
|
—
|
($726.3m)
|
($824.3m)
|
($642.1m)
|
($734.8m)
|
|
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES
|
|
($203k)
|
$3.2m
|
$9.6m
|
$11.2m
|
$8.4m
|
($13.4m)
|
$63.9m
|
$5.0m
|
($4.4m)
|
$8.5m
|
|
Purchase of property, plant and equipment
|
|
($799k)
|
($349k)
|
($808k)
|
($4.9m)
|
($4.6m)
|
($8.1m)
|
($16.5m)
|
($5.8m)
|
($4.0m)
|
($7.2m)
|
|
NET CASH USED IN INVESTING ACTIVITIES
|
|
($858k)
|
($374k)
|
($826k)
|
($5.0m)
|
($4.6m)
|
($7.9m)
|
($88.2m)
|
($5.8m)
|
($3.4m)
|
($52.8m)
|
|
Debt issuance cost
|
|
—
|
—
|
—
|
—
|
—
|
$0
|
($393k)
|
$0
|
$0
|
($395k)
|
|
Cash dividends paid
|
|
($274k)
|
($280k)
|
($1.2m)
|
($840k)
|
($564k)
|
($551k)
|
($589k)
|
($581k)
|
($1.1m)
|
($1.1m)
|
|
NET CASH PROVIDED BY FINANCING ACTIVITIES
|
|
($274k)
|
($280k)
|
($1.2m)
|
($890k)
|
($702k)
|
$17.2m
|
$13.6m
|
$1.3m
|
$6.1m
|
$43.3m
|
|
DECREASE IN CASH AND RESTRICTED CASH
|
|
|
|
|
$5.4m
|
$3.1m
|
($4.1m)
|
($10.7m)
|
$511k
|
($1.7m)
|
($918k)
|
|
CASH AND RESTRICTED CASH AT BEGINNING OF PERIOD
|
|
|
|
|
$17.1m
|
$20.2m
|
$16.1m
|
$5.4m
|
$5.9m
|
$4.1m
|
$3.2m
|