|
Cash flows from operating activities:
|
|
|
|
|
|
|
|
|
|
|
|
|
Adjustments to reconcile net income to net cash provided by operating activities:
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Income (Loss) Attributable to Parent
|
|
$9.5m
|
$3.0m
|
($19.5m)
|
($16.3m)
|
$9.6m
|
$5.9m
|
$15.0m
|
$25.8m
|
$25.0m
|
$24.4m
|
|
Depreciation, Depletion and Amortization
|
|
$6.7m
|
$8.3m
|
$10.2m
|
$10.2m
|
$8.7m
|
$8.1m
|
$10.1m
|
$9.7m
|
$10.0m
|
$12.6m
|
|
Amortization of Intangible Assets
|
|
$506k
|
$1.3m
|
$2.8m
|
$2.8m
|
$2.7m
|
$2.9m
|
$4.8m
|
$4.8m
|
$5.0m
|
$5.8m
|
|
Depreciation
|
|
$6.2m
|
$7.0m
|
$7.5m
|
$7.5m
|
$6.0m
|
$5.2m
|
$5.3m
|
$4.9m
|
$5.0m
|
$6.7m
|
|
Deferred Income Tax Expense (Benefit)
|
|
($1.1m)
|
($779k)
|
($4.7m)
|
($6.4m)
|
$3.9m
|
($1.1m)
|
($342k)
|
($418k)
|
($1.6m)
|
($2.4m)
|
|
Share-based Payment Arrangement, Noncash Expense
|
|
$2.9m
|
$3.0m
|
$3.0m
|
$981k
|
$599k
|
$2.0m
|
$3.3m
|
$3.7m
|
$3.8m
|
$4.2m
|
|
Payment, Tax Withholding, Share-based Payment Arrangement
|
|
—
|
—
|
$179k
|
$114k
|
$152k
|
$60k
|
$250k
|
$896k
|
$447k
|
$509k
|
|
Goodwill and Intangible Asset Impairment
|
|
—
|
$479k
|
$28.0m
|
$20.2m
|
—
|
—
|
—
|
—
|
—
|
—
|
|
Goodwill, Impairment Loss
|
|
—
|
—
|
$28.0m
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
|
Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property
|
|
$1k
|
($484k)
|
$26k
|
$32k
|
$8.5m
|
($154k)
|
($65k)
|
($59k)
|
($306k)
|
($204k)
|
|
Gain (Loss) on Disposition of Property Plant Equipment
|
|
($10.2m)
|
$1.4m
|
($3.4m)
|
($2.6m)
|
($2.7m)
|
($2.2m)
|
($2.1m)
|
($3.2m)
|
($5.4m)
|
($3.5m)
|
|
Income Tax Expense (Benefit)
|
|
$4.5m
|
$80k
|
($3.8m)
|
($5.9m)
|
$2.1m
|
$2.0m
|
$4.1m
|
$7.6m
|
$8.1m
|
$8.7m
|
|
Other Nonoperating Income (Expense)
|
|
—
|
—
|
—
|
—
|
($513k)
|
$154k
|
($148k)
|
$15k
|
($262k)
|
$398k
|
|
Changes in operating assets and liabilities:
|
|
|
|
|
|
|
|
|
|
|
|
|
Additional Financial Items
|
|
|
|
|
|
|
|
|
|
|
|
|
Increase (Decrease) in Inventories
|
|
$2.8m
|
($535k)
|
$3.6m
|
$326k
|
($2.2m)
|
$12.0m
|
$17.6m
|
($8.2m)
|
($6.3m)
|
$5.2m
|
|
Increase (Decrease) in Accounts Payable
|
|
($1.1m)
|
$2.3m
|
($1.9m)
|
$684k
|
($3.9m)
|
$14.4m
|
$1.8m
|
($5.6m)
|
($4.1m)
|
$16.3m
|
|
Foreign Currency Transaction Gain (Loss), before Tax
|
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
($400k)
|
|
Goodwill
|
|
$10.5m
|
$58.5m
|
$30.5m
|
$10.4m
|
$10.4m
|
$43.8m
|
$45.0m
|
$45.0m
|
$57.4m
|
$64.5m
|
|
Inventory Write-down
|
|
$1.7m
|
$2.1m
|
$2.6m
|
$3.6m
|
$2.5m
|
$1.8m
|
$2.1m
|
$2.5m
|
($1.3m)
|
$528k
|
|
Investment Income, Interest
|
|
$84k
|
$91k
|
$39k
|
$38k
|
$3k
|
$19k
|
$0
|
—
|
—
|
—
|
|
Operating Expenses
|
|
$69.7m
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
|
Proceeds from Stock Options Exercised
|
|
$4.0m
|
$2.6m
|
$286k
|
—
|
$612k
|
$987k
|
$26k
|
$3.9m
|
$1.8m
|
$1.1m
|
|
Restructuring Costs
|
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
$300k
|
|
Revenue from Contract with Customer, Including Assessed Tax
|
|
—
|
—
|
—
|
$328.9m
|
$305.6m
|
$315.6m
|
$455.1m
|
$497.0m
|
$469.6m
|
$573.4m
|
|
Stock or Unit Option Plan Expense
|
|
$2.5m
|
$2.5m
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
|
Net Cash Provided by (Used in) Operating Activities
|
|
$17.8m
|
$21.0m
|
$11.5m
|
$11.5m
|
$29.7m
|
$28.0m
|
($3.9m)
|
$49.6m
|
$43.4m
|
$38.1m
|
|
Cash flows from investing activities:
|
|
|
|
|
|
|
|
|
|
|
|
|
Payments to Acquire Property, Plant, and Equipment
|
|
$10.2m
|
$6.6m
|
$3.4m
|
$2.6m
|
$2.7m
|
$2.2m
|
$2.1m
|
$3.2m
|
$5.4m
|
$3.5m
|
|
Payments to Acquire Businesses, Net of Cash Acquired
|
|
—
|
—
|
—
|
—
|
—
|
$90.7m
|
—
|
—
|
—
|
—
|
|
Net Cash Provided by (Used in) Investing Activities
|
|
($10.1m)
|
($98.6m)
|
($1.9m)
|
($2.6m)
|
$17.4m
|
($93.0m)
|
($1.6m)
|
($3.2m)
|
($55.3m)
|
($28.0m)
|
|
Cash flows from financing activities:
|
|
|
|
|
|
|
|
|
|
|
|
|
Proceeds from Issuance of Long-term Debt
|
|
—
|
$90.8m
|
$94.9m
|
$120.6m
|
$165.1m
|
$86.8m
|
$173.1m
|
$153.9m
|
$158.9m
|
$194.1m
|
|
Repayments of Long-term Debt
|
|
—
|
$41.3m
|
$99.3m
|
$126.4m
|
$204.7m
|
$18.6m
|
$161.6m
|
$198.3m
|
$139.9m
|
$199.8m
|
|
Payments for Repurchase of Common Stock
|
|
$363k
|
$494k
|
$107k
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
|
Payments of Ordinary Dividends, Common Stock
|
|
$4.2m
|
$5.0m
|
$5.2m
|
$5.2m
|
$5.3m
|
$5.3m
|
$5.3m
|
$5.4m
|
$5.7m
|
$6.0m
|
|
Payments of Dividends
|
|
—
|
—
|
—
|
—
|
—
|
$5.3m
|
$5.3m
|
$5.4m
|
$5.7m
|
—
|
|
Net Cash Provided by (Used in) Financing Activities
|
|
($216k)
|
$46.8m
|
($9.5m)
|
($11.1m)
|
($44.4m)
|
$63.6m
|
$5.6m
|
($47.1m)
|
$14.3m
|
($11.4m)
|
|
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect
|
|
—
|
—
|
$139k
|
($2.2m)
|
$2.6m
|
($1.2m)
|
$180k
|
($634k)
|
$2.3m
|
($653k)
|
|
Supplemental disclosure of cash flow information:
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest Paid, Excluding Capitalized Interest, Operating Activities
|
|
—
|
—
|
$1.6m
|
$2.2m
|
$990k
|
$127k
|
$1.7m
|
$3.1m
|
$1.9m
|
$2.8m
|