|
Net Income
|
|
$4.5m
|
$5.9m
|
$7.1m
|
$8.1m
|
$7.8m
|
$11.4m
|
$10.7m
|
$13.6m
|
$14.5m
|
$5.4m
|
|
Depreciation and Amortization
|
|
$6.2m
|
$6.0m
|
$6.4m
|
$6.7m
|
$7.6m
|
$9.6m
|
$11.0m
|
$13.5m
|
$18.6m
|
$26.2m
|
|
Amortization of Deferred Financing Costs
|
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
$0
|
$0
|
$104k
|
|
Deferred Income Taxes
|
|
$63k
|
$765k
|
$741k
|
$575k
|
$176k
|
$559k
|
($186k)
|
($1.6m)
|
($5k)
|
$827k
|
|
Net (Gain) Loss on Disposal of Property and Equipment
|
|
($4k)
|
$133k
|
$8k
|
$460k
|
$136k
|
$88k
|
$88k
|
$53k
|
($31k)
|
$232k
|
|
Noncash Lease Expense
|
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
$765k
|
$3.4m
|
$6.0m
|
|
Gain on Sale of Assets
|
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
$0
|
($855k)
|
$0
|
|
Provision for Accounts Receivable and Inventory Reserves
|
|
—
|
—
|
—
|
—
|
$636k
|
$34k
|
$74k
|
$406k
|
$336k
|
$471k
|
|
Stock-Based Compensation Expense
|
|
$453k
|
$1.4m
|
$1.3m
|
$884k
|
$1.5m
|
$2.3m
|
$3.4m
|
$4.5m
|
$3.2m
|
$7.5m
|
|
Accounts Receivable and Other Receivables
|
|
($4.7m)
|
($3.0m)
|
($2.4m)
|
($3.3m)
|
($1.8m)
|
($3.4m)
|
($5.2m)
|
($1.3m)
|
($1.3m)
|
($6.6m)
|
|
Inventory
|
|
($3.4m)
|
($1.7m)
|
($1.1m)
|
$875k
|
$2.7m
|
($122k)
|
($3.4m)
|
$2.3m
|
$4.4m
|
$839k
|
|
Prepaid Expenses and Other Current Assets
|
|
($224k)
|
($259k)
|
($39k)
|
($467k)
|
($725k)
|
($3.0m)
|
$1.1m
|
($299k)
|
($992k)
|
($2.2m)
|
|
Accounts Payable
|
|
$3.1m
|
$1.9m
|
$963k
|
($2.8m)
|
$329k
|
$1.9m
|
$1.6m
|
($5.0m)
|
$4.9m
|
$965k
|
|
Accrued Compensation and Other Current Liabilities
|
|
—
|
—
|
—
|
$307k
|
$4.9m
|
($1.1m)
|
($2.2m)
|
$3.4m
|
($914k)
|
$924k
|
|
Lease Liabilities
|
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
($470k)
|
($3.2m)
|
($5.8m)
|
|
Income Taxes Payable
|
|
$815k
|
($789k)
|
$47k
|
($100k)
|
$332k
|
($653k)
|
$0
|
$2.9m
|
($2.9m)
|
$0
|
|
Purchase of Property and Equipment
|
|
($5.2m)
|
($5.9m)
|
($7.0m)
|
($6.6m)
|
($6.6m)
|
($10.2m)
|
($9.4m)
|
($13.3m)
|
($13.2m)
|
($15.3m)
|
|
Proceeds from Sale of Assets
|
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
$0
|
$1.1m
|
$0
|
|
Sales/(Purchases) of Marketable Securities
|
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
($15.5m)
|
$15.5m
|
$0
|
|
Proceeds From Revolving Credit Facility, net of lender fees
|
|
($452k)
|
($9.9m)
|
($2.3m)
|
$11.2m
|
($8.8m)
|
$31.0m
|
$2.8m
|
($42.7m)
|
$30.9m
|
$156.7m
|
|
Repayment of Revolving Credit Facility
|
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
($100.8m)
|
($37.7m)
|
($88.1m)
|
|
Repayments of Term Loan
|
|
($1.3m)
|
($1.7m)
|
($2.1m)
|
($1.9m)
|
($2.0m)
|
($2.1m)
|
($2.1m)
|
($2.2m)
|
($2.3m)
|
($1.8m)
|
|
Payments of Deferred Financing Costs
|
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
$0
|
$0
|
($365k)
|
|
Principal Payments on Finance Leases
|
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
$0
|
$0
|
($280k)
|
|
Interest, net
|
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
$1.2m
|
($151k)
|
$4.2m
|
|
Income Taxes, net
|
|
$1.8m
|
$2.1m
|
$1.3m
|
$1.4m
|
$1.8m
|
$3.9m
|
$1.1m
|
$3.1m
|
$7.8m
|
$2.2m
|
|
Balance Sheet Reclassification of Inventory to Property and Equipment
|
|
($4k)
|
$133k
|
$8k
|
$460k
|
$136k
|
$109k
|
$10k
|
$230k
|
$443k
|
$741k
|
|
Balance Sheet Reclassification of Property and Equipment, net to Inventory
|
|
($4k)
|
$133k
|
$8k
|
$460k
|
$136k
|
$1.0m
|
$752k
|
$1.1m
|
$1.5m
|
$877k
|
|
Net Cash Provided by Operating Activities
|
|
$7.5m
|
$9.9m
|
$12.6m
|
$11.6m
|
$23.6m
|
$17.6m
|
$17.0m
|
$32.6m
|
$39.0m
|
$34.9m
|
|
Business Acquisitions, net of cash acquired
|
|
($7.0m)
|
—
|
($3.6m)
|
($13.0m)
|
($3.6m)
|
($29.8m)
|
($9.1m)
|
($12.9m)
|
($87.4m)
|
($82.5m)
|
|
Net Cash Used in Investing Activities
|
|
($12.2m)
|
($5.9m)
|
($10.9m)
|
($20.2m)
|
($10.2m)
|
($39.9m)
|
($18.5m)
|
($41.7m)
|
($84.0m)
|
($97.8m)
|
|
Issuance of Common Stock, net of direct costs
|
|
—
|
—
|
—
|
—
|
—
|
$1.5m
|
$658k
|
$77.3m
|
$1.9m
|
$842k
|
|
Common stock issued for acquisitions
|
|
—
|
—
|
—
|
—
|
$0
|
$2.4m
|
$145k
|
$34.8m
|
$45.4m
|
$0
|
|
Repurchase of Common Stock
|
|
($98k)
|
($360k)
|
($145k)
|
($2.8m)
|
($3.0m)
|
($6.7m)
|
($447k)
|
($4.9m)
|
($3.6m)
|
($469k)
|
|
Net Cash Provided by Financing Activities
|
|
$4.8m
|
($4.0m)
|
($1.7m)
|
$8.2m
|
($12.7m)
|
$23.7m
|
$876k
|
$27.4m
|
$26.9m
|
$66.5m
|
|
Effect of Exchange Rate Changes on Cash
|
|
—
|
—
|
—
|
—
|
($772k)
|
($625k)
|
$821k
|
($228k)
|
$24k
|
($103k)
|
|
Net (Decrease) Increase in Cash and Cash Equivalents
|
|
—
|
—
|
$211k
|
($289k)
|
$61k
|
$836k
|
$135k
|
$18.1m
|
($18.1m)
|
$3.4m
|
|
Cash and Cash Equivalents at Beginning of Fiscal Year
|
|
—
|
—
|
—
|
—
|
$560k
|
$1.4m
|
$1.5m
|
$19.6m
|
$1.5m
|
$4.9m
|