|
Cash flows from operating activities:
|
|
|
|
|
|
|
|
|
|
|
|
|
Adjustments to reconcile net income to net cash provided by operating activities:
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Income (Loss) Attributable to Parent
|
|
$62k
|
$2.4m
|
($4.4m)
|
$806k
|
($5.3m)
|
($3.6m)
|
($1.6m)
|
$4.7m
|
$11.2m
|
$16.8m
|
|
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent
|
|
$62k
|
$2.4m
|
($4.4m)
|
$806k
|
($5.3m)
|
($3.6m)
|
$1.6m
|
$4.7m
|
$11.2m
|
$16.8m
|
|
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest
|
|
$62k
|
$2.4m
|
($4.4m)
|
$806k
|
($5.3m)
|
($4.0m)
|
($1.6m)
|
$4.7m
|
—
|
—
|
|
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest
|
|
—
|
—
|
—
|
—
|
($1.8m)
|
$427k
|
—
|
—
|
—
|
—
|
|
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent
|
|
—
|
—
|
—
|
—
|
($1.8m)
|
$427k
|
$0
|
—
|
—
|
—
|
|
Depreciation, Depletion and Amortization
|
|
$3.6m
|
$3.9m
|
$4.2m
|
$4.4m
|
$4.1m
|
$4.9m
|
$3.7m
|
$4.7m
|
$5.5m
|
$5.1m
|
|
Depreciation
|
|
$3.5m
|
$3.8m
|
$4.1m
|
$4.2m
|
$4.0m
|
$4.7m
|
$3.5m
|
$4.4m
|
$5.2m
|
$4.8m
|
|
Deferred Income Tax Expense (Benefit)
|
|
$1.9m
|
($42k)
|
($102k)
|
$450k
|
($1.2m)
|
($686k)
|
$157k
|
$576k
|
$109k
|
$1.9m
|
|
Share-based Payment Arrangement, Noncash Expense
|
|
$105k
|
$174k
|
$272k
|
$38k
|
$138k
|
$160k
|
$218k
|
$159k
|
$395k
|
$1.2m
|
|
Share-based Payment Arrangement, Expense
|
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
$395k
|
$1.2m
|
|
Impairment of Intangible Assets, Finite-lived
|
|
—
|
—
|
—
|
—
|
$298k
|
—
|
$0
|
—
|
—
|
—
|
|
Gain (Loss) on Disposition of Property Plant Equipment
|
|
($12k)
|
($54k)
|
—
|
—
|
$0
|
$468k
|
$90k
|
$530k
|
$478k
|
$401k
|
|
Income (Loss) from Equity Method Investments
|
|
($55k)
|
($210k)
|
($140k)
|
($132k)
|
($185k)
|
($76k)
|
$184k
|
$503k
|
$809k
|
$1.5m
|
|
Income Tax Expense (Benefit)
|
|
$3.9m
|
$2.3m
|
($1.5m)
|
$589k
|
($1.5m)
|
($662k)
|
$98k
|
$576k
|
$195k
|
$2.1m
|
|
Operating Lease, Expense
|
|
—
|
—
|
—
|
$1.3m
|
$2.2m
|
$2.1m
|
$1.3m
|
$1.2m
|
$1.3m
|
$1.6m
|
|
Other Nonoperating Income (Expense)
|
|
—
|
—
|
—
|
—
|
—
|
—
|
($902k)
|
$353k
|
($477k)
|
($325k)
|
|
Changes in operating assets and liabilities:
|
|
|
|
|
|
|
|
|
|
|
|
|
Additional Financial Items
|
|
|
|
|
|
|
|
|
|
|
|
|
Increase (Decrease) in Accounts Receivable
|
|
$2.4m
|
$4.5m
|
($6.8m)
|
$1.9m
|
($9.5m)
|
$2.9m
|
$2.7m
|
$4.2m
|
$9.7m
|
$3.5m
|
|
Increase (Decrease) in Inventories
|
|
$2.7m
|
($210k)
|
($161k)
|
$5.4m
|
($1.9m)
|
$681k
|
$5.1m
|
$5.4m
|
$17.2m
|
$7.5m
|
|
Increase (Decrease) in Accounts Payable
|
|
$1.2m
|
$578k
|
($969k)
|
$3.3m
|
($5.3m)
|
$2.6m
|
$1.1m
|
($245k)
|
$2.2m
|
$359k
|
|
Proceeds from Stock Options Exercised
|
|
$130k
|
$144k
|
$197k
|
—
|
—
|
—
|
$189k
|
$165k
|
$0
|
$282k
|
|
General and Administrative Expense
|
|
$10.0m
|
$9.4m
|
$8.6m
|
$8.3m
|
$7.6m
|
$8.4m
|
$10.0m
|
$10.6m
|
$11.9m
|
$15.7m
|
|
Inventory Write-down
|
|
—
|
$964k
|
$691k
|
$147k
|
$769k
|
$624k
|
$1.3m
|
$187k
|
$547k
|
$1.2m
|
|
Operating Costs and Expenses
|
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
$0
|
—
|
—
|
|
Operating Expenses
|
|
$14.9m
|
$15.2m
|
$14.0m
|
$13.6m
|
$12.5m
|
$15.3m
|
$17.7m
|
$16.4m
|
$20.5m
|
$25.3m
|
|
Restructuring Costs
|
|
—
|
—
|
—
|
—
|
—
|
$657k
|
($467k)
|
($126k)
|
($63k)
|
$0
|
|
Unrealized Gain (Loss) on Derivatives
|
|
$152k
|
$490k
|
($382k)
|
$311k
|
$34k
|
$19k
|
($8k)
|
$9k
|
($22k)
|
$0
|
|
Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax
|
|
—
|
—
|
—
|
—
|
($1.4m)
|
$529k
|
$0
|
—
|
—
|
—
|
|
Other Operating Income (Expense), Net
|
|
$138k
|
($53k)
|
$4k
|
—
|
($315k)
|
$468k
|
$90k
|
$433k
|
$383k
|
$404k
|
|
Net Cash Provided by (Used in) Operating Activities
|
|
$5.5m
|
$2.5m
|
$2.1m
|
$3.4m
|
$5.9m
|
$399k
|
$318k
|
$1.3m
|
($5.8m)
|
$15.0m
|
|
Cash flows from investing activities:
|
|
|
|
|
|
|
|
|
|
|
|
|
Payments to Acquire Property, Plant, and Equipment
|
|
$5.7m
|
$3.5m
|
$4.3m
|
$3.4m
|
$3.9m
|
$16.2m
|
$16.2m
|
$5.1m
|
$5.1m
|
$11.0m
|
|
Net Cash Provided by (Used in) Investing Activities
|
|
$594k
|
($3.6m)
|
($3.8m)
|
($3.4m)
|
($5.4m)
|
—
|
($16.1m)
|
($3.6m)
|
($3.9m)
|
($10.1m)
|
|
Cash flows from financing activities:
|
|
|
|
|
|
|
|
|
|
|
|
|
Proceeds from Issuance of Long-term Debt
|
|
—
|
—
|
—
|
—
|
$3.7m
|
$3.0m
|
$16.7m
|
$712k
|
$0
|
$0
|
|
Repayments of Long-term Debt
|
|
—
|
—
|
—
|
—
|
—
|
—
|
$1.1m
|
$1.7m
|
$2.0m
|
$2.1m
|
|
Proceeds from Issuance of Common Stock
|
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
$10.1m
|
$9.8m
|
—
|
|
Payments of Ordinary Dividends, Common Stock
|
|
$3.0m
|
$3.0m
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
|
Proceeds from (Payments for) Other Financing Activities
|
|
($500k)
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
|
Net Cash Provided by (Used in) Financing Activities
|
|
($3.4m)
|
($2.9m)
|
$197k
|
—
|
$7.7m
|
$6.0m
|
$15.8m
|
$10.2m
|
$161k
|
$39.2m
|
|
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect
|
|
—
|
—
|
($1.6m)
|
$9k
|
$8.3m
|
($11.1m)
|
($5.2m)
|
$8.9m
|
($9.5m)
|
$44.1m
|
|
Supplemental disclosure of cash flow information:
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest Paid, Excluding Capitalized Interest, Operating Activities
|
|
($2k)
|
$35k
|
$10k
|
$28k
|
$3k
|
$251k
|
$796k
|
$1.4m
|
$1.4m
|
$1.0m
|
|
Income Taxes Paid, Net
|
|
—
|
—
|
—
|
$673k
|
($3k)
|
—
|
$0
|
$0
|
$39k
|
—
|