|
Cash flows from operating activities:
|
|
|
|
|
|
|
|
|
|
|
|
|
Adjustments to reconcile net income to net cash provided by operating activities:
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Income (Loss) Attributable to Parent
|
|
$10.6m
|
$17.2m
|
$22.9m
|
$17.9m
|
$21.2m
|
$26.9m
|
$20.6m
|
$30.1m
|
$44.0m
|
$57.7m
|
|
Depreciation, Depletion and Amortization
|
|
$3.6m
|
$4.1m
|
$4.3m
|
$5.4m
|
$8.4m
|
$11.1m
|
$9.4m
|
$9.5m
|
$9.7m
|
$10.4m
|
|
Depreciation
|
|
$2.0m
|
$2.3m
|
$2.6m
|
$3.0m
|
$3.2m
|
$3.3m
|
$3.2m
|
$3.4m
|
$3.8m
|
$4.8m
|
|
Amortization of Debt Issuance Costs
|
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
$0
|
$62k
|
$873k
|
|
Amortization of Intangible Assets
|
|
$1.6m
|
$1.8m
|
$1.8m
|
$2.4m
|
$5.0m
|
$6.2m
|
$6.2m
|
$6.1m
|
$5.8m
|
$5.6m
|
|
Capitalized Computer Software, Amortization
|
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
$546k
|
|
Deferred Income Tax Expense (Benefit)
|
|
$140k
|
$300k
|
($2.2m)
|
$824k
|
($328k)
|
$79k
|
($182k)
|
$783k
|
($451k)
|
$2.3m
|
|
Share-based Payment Arrangement, Noncash Expense
|
|
$1.7m
|
$2.3m
|
$2.3m
|
$2.6m
|
$3.0m
|
$3.5m
|
$4.2m
|
$5.3m
|
$6.6m
|
$7.8m
|
|
Share-based Payment Arrangement, Expense
|
|
$1.7m
|
$2.3m
|
$2.3m
|
$2.6m
|
$3.0m
|
$3.5m
|
$4.2m
|
$5.3m
|
$6.6m
|
$7.8m
|
|
Goodwill, Impairment Loss
|
|
$0
|
$0
|
$0
|
$0
|
$0
|
$0
|
$0
|
$0
|
$0
|
$0
|
|
Impairment of Intangible Assets, Finite-lived
|
|
—
|
—
|
—
|
$4.5m
|
—
|
$3.4m
|
—
|
—
|
—
|
—
|
|
Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property
|
|
—
|
—
|
—
|
—
|
$470k
|
$0
|
$115k
|
—
|
—
|
—
|
|
Gain (Loss) on Disposition of Business
|
|
—
|
—
|
$7.5m
|
—
|
—
|
—
|
($2.0m)
|
($485k)
|
$0
|
$0
|
|
Gain (Loss) on Disposition of Property Plant Equipment
|
|
—
|
—
|
—
|
—
|
—
|
—
|
($95k)
|
—
|
—
|
—
|
|
Income Tax Expense (Benefit)
|
|
$5.7m
|
$3.9m
|
$5.5m
|
$3.7m
|
$6.1m
|
$7.4m
|
$6.9m
|
$9.4m
|
$12.8m
|
$17.4m
|
|
Other Nonoperating Income (Expense)
|
|
—
|
—
|
—
|
—
|
—
|
—
|
($325k)
|
($314k)
|
($125k)
|
($638k)
|
|
Changes in operating assets and liabilities:
|
|
|
|
|
|
|
|
|
|
|
|
|
Additional Financial Items
|
|
|
|
|
|
|
|
|
|
|
|
|
Increase (Decrease) in Accounts Receivable
|
|
$922k
|
$1.5m
|
$1.3m
|
$1.3m
|
$939k
|
$818k
|
$3.5m
|
$3.1m
|
$6.4m
|
$2.9m
|
|
Proceeds from Stock Options Exercised
|
|
—
|
—
|
—
|
—
|
—
|
$4.5m
|
$3.5m
|
$6.2m
|
$6.4m
|
$6.8m
|
|
Equity Securities, FV-NI, Unrealized Gain (Loss)
|
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
$0
|
$0
|
$500k
|
|
Foreign Currency Transaction Gain (Loss), before Tax
|
|
($161k)
|
($155k)
|
($394k)
|
($202k)
|
($329k)
|
($116k)
|
($315k)
|
($705k)
|
$362k
|
($176k)
|
|
Foreign Currency Transaction Gain (Loss), Unrealized
|
|
($59k)
|
$29k
|
($259k)
|
$57k
|
($100k)
|
($163k)
|
$315k
|
$705k
|
($362k)
|
$176k
|
|
General and Administrative Expense
|
|
$14.4m
|
$17.0m
|
$17.7m
|
$19.1m
|
$22.5m
|
$25.5m
|
$28.7m
|
$31.8m
|
$36.3m
|
$42.0m
|
|
Goodwill
|
|
$23.4m
|
$23.8m
|
$29.9m
|
$40.0m
|
$65.9m
|
$65.9m
|
$65.9m
|
$65.9m
|
$65.9m
|
$65.9m
|
|
Inventory Write-down
|
|
$362k
|
$396k
|
$671k
|
$747k
|
$1.5m
|
$3.8m
|
$2.6m
|
$2.2m
|
$3.1m
|
$2.7m
|
|
Investment Income, Interest
|
|
$81k
|
$179k
|
$631k
|
$698k
|
$207k
|
$197k
|
$986k
|
$3.1m
|
$4.9m
|
$13.1m
|
|
Marketable Securities, Unrealized Gain (Loss)
|
|
—
|
—
|
—
|
—
|
—
|
—
|
$1.8m
|
$1.2m
|
$1.0m
|
—
|
|
Operating Expenses
|
|
$46.6m
|
$49.6m
|
$45.7m
|
$58.7m
|
$55.8m
|
$65.0m
|
$78.1m
|
$90.3m
|
$98.6m
|
$110.6m
|
|
Payments of Financing Costs
|
|
—
|
—
|
—
|
—
|
$1.8m
|
$0
|
$0
|
—
|
—
|
—
|
|
Restructuring Costs
|
|
—
|
—
|
—
|
—
|
—
|
—
|
$3.1m
|
$485k
|
$0
|
$0
|
|
Revenue from Contract with Customer, Including Assessed Tax
|
|
—
|
—
|
$105.6m
|
$117.2m
|
$129.4m
|
$154.4m
|
$161.7m
|
$193.5m
|
$219.9m
|
$249.6m
|
|
Unrealized Gain (Loss) on Investments
|
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
$0
|
$0
|
($535k)
|
|
Net Cash Provided by (Used in) Operating Activities
|
|
$16.9m
|
$22.9m
|
$19.5m
|
$14.2m
|
$34.8m
|
$35.1m
|
$25.4m
|
$36.8m
|
$44.1m
|
$81.3m
|
|
Cash flows from investing activities:
|
|
|
|
|
|
|
|
|
|
|
|
|
Payments to Acquire Property, Plant, and Equipment
|
|
$2.8m
|
$6.4m
|
$3.1m
|
$3.8m
|
$3.0m
|
$4.9m
|
$3.2m
|
$7.3m
|
$7.0m
|
$6.8m
|
|
Payments to Acquire Businesses, Net of Cash Acquired
|
|
$14.4m
|
—
|
$12.3m
|
$21.2m
|
$72.6m
|
$0
|
$0
|
$899k
|
$0
|
$1.9m
|
|
Net Cash Provided by (Used in) Investing Activities
|
|
($17.2m)
|
($29.0m)
|
($7.1m)
|
($24.1m)
|
($52.9m)
|
($61.1m)
|
($10.4m)
|
($24.7m)
|
($200.1m)
|
($64.9m)
|
|
Cash flows from financing activities:
|
|
|
|
|
|
|
|
|
|
|
|
|
Proceeds from Issuance of Common Stock
|
|
$1.4m
|
$5.5m
|
$3.0m
|
$4.9m
|
$6.0m
|
$63.2m
|
$3.5m
|
$6.2m
|
$6.4m
|
—
|
|
Payments for Repurchase of Common Stock
|
|
$311k
|
$778k
|
$741k
|
$683k
|
$570k
|
$802k
|
$642k
|
$853k
|
$1.7m
|
$1.8m
|
|
Payments of Ordinary Dividends, Common Stock
|
|
$3.3m
|
$4.2m
|
$5.4m
|
$6.7m
|
$7.7m
|
$9.3m
|
$11.0m
|
$12.4m
|
$14.4m
|
$18.1m
|
|
Net Cash Provided by (Used in) Financing Activities
|
|
($2.6m)
|
$80k
|
($4.4m)
|
($4.6m)
|
$32.2m
|
$13.7m
|
($9.2m)
|
($7.1m)
|
$158.1m
|
($14.5m)
|
|
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect
|
|
($271k)
|
$818k
|
($813k)
|
$11k
|
$15.0m
|
($12.9m)
|
$5.3m
|
$5.1m
|
$1.3m
|
$2.6m
|
|
Supplemental disclosure of cash flow information:
|
|
|
|
|
|
|
|
|
|
|
|
|
Income Taxes Paid, Net
|
|
$4.2m
|
$3.1m
|
$5.5m
|
$4.8m
|
$4.5m
|
$10.1m
|
$8.3m
|
$7.5m
|
$12.8m
|
$13.4m
|