|
Cash flows from operating activities:
|
|
|
|
|
|
|
|
|
|
|
|
|
Adjustments to reconcile net income to net cash provided by operating activities:
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Income (Loss) Attributable to Parent
|
|
$2.7m
|
$975k
|
$3.0m
|
$2.3m
|
($895k)
|
$7.3m
|
$8.5m
|
$9.3m
|
$2.9m
|
($2.5m)
|
|
Depreciation, Depletion and Amortization
|
|
$599k
|
$1.8m
|
$1.9m
|
$3.2m
|
$3.2m
|
$3.1m
|
$4.7m
|
$4.7m
|
$5.4m
|
$6.8m
|
|
Amortization of Intangible Assets
|
|
$229k
|
$1.2m
|
$1.1m
|
$1.3m
|
$1.2m
|
$1.4m
|
$2.7m
|
$2.1m
|
$2.5m
|
$3.3m
|
|
Depreciation
|
|
$370k
|
$618k
|
$768k
|
$685k
|
$630k
|
$666k
|
$809k
|
$1.0m
|
$1.4m
|
$1.3m
|
|
Deferred Income Tax Expense (Benefit)
|
|
$135k
|
($1.6m)
|
$83k
|
($426k)
|
($341k)
|
($488k)
|
($1.7m)
|
($1.2m)
|
($817k)
|
($1.1m)
|
|
Share-based Payment Arrangement, Noncash Expense
|
|
$269k
|
$344k
|
$653k
|
$884k
|
$671k
|
$1.4m
|
$1.8m
|
$2.0m
|
$1.9m
|
$1.6m
|
|
Payment, Tax Withholding, Share-based Payment Arrangement
|
|
—
|
—
|
—
|
—
|
—
|
—
|
$10k
|
$687k
|
$41k
|
$17k
|
|
Share-based Payment Arrangement, Expense
|
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
$1.9m
|
$1.6m
|
|
Goodwill and Intangible Asset Impairment
|
|
$0
|
$0
|
$0
|
$0
|
$0
|
$0
|
$0
|
$0
|
$0
|
—
|
|
Operating Lease, Impairment Loss
|
|
—
|
—
|
—
|
—
|
$612k
|
$0
|
—
|
—
|
—
|
—
|
|
Gain (Loss) on Disposition of Property Plant Equipment
|
|
—
|
—
|
($61k)
|
($55k)
|
($22k)
|
($50k)
|
$0
|
($11k)
|
($25k)
|
—
|
|
Income Tax Expense (Benefit)
|
|
$1.5m
|
$2.9m
|
$2.0m
|
$282k
|
($336k)
|
$1.1m
|
$1.7m
|
$1.7m
|
$563k
|
($695k)
|
|
Interest Expense Nonoperating
|
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
$846k
|
$450k
|
|
Other Nonoperating Income (Expense)
|
|
$61k
|
$227k
|
($137k)
|
$55k
|
($14k)
|
($57k)
|
$59k
|
$1.3m
|
$906k
|
$953k
|
|
Changes in operating assets and liabilities:
|
|
|
|
|
|
|
|
|
|
|
|
|
Additional Financial Items
|
|
|
|
|
|
|
|
|
|
|
|
|
Increase (Decrease) in Accounts Receivable
|
|
$1.0m
|
$3.0m
|
($1.4m)
|
($1.2m)
|
($887k)
|
$4.8m
|
$4.9m
|
($3.0m)
|
$5.5m
|
($4.5m)
|
|
Increase (Decrease) in Inventories
|
|
$384k
|
($388k)
|
$1.8m
|
$1.1m
|
$717k
|
$2.5m
|
$10.6m
|
($2.0m)
|
($4.9m)
|
$4.2m
|
|
Increase (Decrease) in Accounts Payable
|
|
$459k
|
($756k)
|
($245k)
|
$197k
|
$430k
|
$1.2m
|
$2.9m
|
($1.8m)
|
($2.3m)
|
$3.2m
|
|
Foreign Currency Transaction Gain (Loss), before Tax
|
|
($16k)
|
$146k
|
($165k)
|
($3k)
|
($26k)
|
($34k)
|
($109k)
|
$9k
|
($203k)
|
—
|
|
General and Administrative Expense
|
|
$7.0m
|
$11.7m
|
$12.8m
|
$13.3m
|
$11.4m
|
$15.9m
|
$19.3m
|
$21.3m
|
$26.1m
|
$22.2m
|
|
Goodwill
|
|
$1.7m
|
$13.7m
|
$13.7m
|
$13.7m
|
$13.7m
|
$21.4m
|
$21.6m
|
$21.7m
|
$30.7m
|
$32.4m
|
|
Inventory Write-down
|
|
$226k
|
$251k
|
$285k
|
$391k
|
$444k
|
$203k
|
$771k
|
$544k
|
$703k
|
$818k
|
|
Nonoperating Income (Expense)
|
|
—
|
—
|
—
|
—
|
—
|
—
|
($576k)
|
$1.3m
|
—
|
—
|
|
Operating Expenses
|
|
$16.2m
|
$31.1m
|
$34.2m
|
$26.7m
|
$25.3m
|
$32.8m
|
$42.7m
|
$46.5m
|
$52.0m
|
$52.6m
|
|
Proceeds from Stock Options Exercised
|
|
—
|
—
|
—
|
—
|
—
|
$1.6m
|
$38k
|
$978k
|
$145k
|
$22k
|
|
Revenue from Contract with Customer, Including Assessed Tax
|
|
—
|
—
|
$78.6m
|
$60.7m
|
$53.8m
|
$84.9m
|
$116.8m
|
$123.3m
|
$130.7m
|
$113.8m
|
|
Other Operating Income (Expense), Net
|
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
$39.6m
|
|
Net Cash Provided by (Used in) Operating Activities
|
|
$4.3m
|
$7.2m
|
$11.0m
|
($8.4m)
|
$3.2m
|
$10.8m
|
($1.4m)
|
$16.2m
|
$3.8m
|
$7.3m
|
|
Cash flows from investing activities:
|
|
|
|
|
|
|
|
|
|
|
|
|
Payments to Acquire Property, Plant, and Equipment
|
|
$339k
|
$745k
|
$2.2m
|
$620k
|
$658k
|
$994k
|
$1.4m
|
$1.3m
|
$1.3m
|
$1.6m
|
|
Payments to Acquire Businesses, Net of Cash Acquired
|
|
—
|
$22.0m
|
—
|
—
|
—
|
$20.4m
|
$0
|
—
|
$18.7m
|
$0
|
|
Net Cash Provided by (Used in) Investing Activities
|
|
($339k)
|
($22.7m)
|
($6.3m)
|
($620k)
|
($648k)
|
($21.4m)
|
($1.2m)
|
($1.3m)
|
($20.1m)
|
($1.6m)
|
|
Cash flows from financing activities:
|
|
|
|
|
|
|
|
|
|
|
|
|
Repayments of Long-term Debt
|
|
—
|
—
|
—
|
—
|
$0
|
$400k
|
$4.0m
|
$4.1m
|
$7.7m
|
$4.1m
|
|
Proceeds from Issuance of Common Stock
|
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
$19.2m
|
$0
|
—
|
|
Payments for Repurchase of Common Stock
|
|
$978k
|
$62k
|
—
|
$1.1m
|
$74k
|
$0
|
—
|
—
|
$1.0m
|
$0
|
|
Net Cash Provided by (Used in) Financing Activities
|
|
($978k)
|
($62k)
|
—
|
($1.1m)
|
($74k)
|
$21.7m
|
($3.7m)
|
$15.6m
|
($8.6m)
|
($8.2m)
|
|
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect
|
|
—
|
—
|
—
|
—
|
$2.7m
|
$10.9m
|
($6.6m)
|
$30.7m
|
($25.4m)
|
($1.8m)
|
|
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents
|
|
—
|
—
|
—
|
—
|
—
|
$10.3m
|
$14.6m
|
$45.3m
|
$45.3m
|
$18.1m
|
|
Supplemental disclosure of cash flow information:
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest Paid, Excluding Capitalized Interest, Operating Activities
|
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
$881k
|
$456k
|
|
Income Taxes Paid, Net
|
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
$3.1m
|
$193k
|