| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 |
|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | |||||||||
Net income | |||||||||
5,513 | 4,598 | 4,052 | 5,850 | 4,793 | 4,789 | 4,002 | 3,549 | 2,811 | 2,572 |
Adjustments to reconcile net income to net cash provided by (used in) operating activities: | |||||||||
Depreciation | |||||||||
2,181 | 2,011 | 1,722 | 1,490 | 1,318 | 1,183 | 934 | 862 | 795 | 755 |
Deferred income taxes | |||||||||
162 | 396 | 660 | 100 | -201 | 207 | 94 | -34 | -185 | -348 |
Non-cash lease expense | |||||||||
19 | - | - | - | - | - | - | - | - | - |
Non-cash lease expense | |||||||||
19 | - | - | - | - | - | - | - | - | - |
Amortization | |||||||||
1,251 | 1,217 | 1,172 | 930 | 734 | 516 | 270 | 227 | 183 | 114 |
Stock compensation expense | |||||||||
968 | 869 | 684 | 440 | 513 | 561 | 490 | 427 | 428 | 385 |
Provision for bad debt | |||||||||
290 | 156 | - | - | - | - | - | - | - | - |
Gain on disposal/sale of assets | |||||||||
- | - | - | - | - | 200 | - | - | - | - |
Changes in operating assets and liabilities: | |||||||||
Change in estimated cost of environmental remediation | |||||||||
- | - | - | - | - | - | - | - | - | -100 |
Accounts receivable | |||||||||
784 | -651 | 5,230 | -499 | 16 | 1,729 | -785 | 3,556 | 76 | 1,635 |
Inventories | |||||||||
-2,089 | 1,580 | 1,846 | 1,483 | 2,599 | 4,391 | -2,056 | 5,310 | 1,127 | 5,015 |
Prepaid expenses and other current assets | |||||||||
-666 | -573 | -82 | -314 | 123 | 268 | -333 | 395 | -271 | 137 |
Accounts payable | |||||||||
-1,525 | -3,066 | 3,733 | 610 | -1,065 | 1,879 | -1,751 | 1,484 | -1,031 | 2,208 |
Other accrued liabilities | |||||||||
3,869 | -1,352 | -220 | 101 | -2,273 | 2,101 | -740 | 1,472 | -7 | 64 |
Total adjustments | |||||||||
9,188 | -123 | 758 | 3,006 | -3,713 | -139 | 2,472 | -4,821 | -748 | -3,708 |
Net cash provided by (used in) operating activities | |||||||||
14,702 | 4,475 | 4,810 | 8,857 | 1,079 | 4,649 | 6,475 | -1,272 | 2,063 | -1,135 |
Cash flows from investing activities: | |||||||||
Purchase of property, plant and equipment | |||||||||
1,680 | 2,850 | 3,146 | 1,809 | 1,756 | 2,042 | 4,591 | 681 | 940 | 937 |
Purchase of intellectual property | |||||||||
- | 379 | - | 29 | 161 | 118 | 102 | 133 | 101 | 117 |
Purchase of building | |||||||||
- | - | 4,000 | - | - | - | - | - | - | - |
Payment received on mortgage receivable | |||||||||
- | - | - | - | - | - | 1,726 | - | - | - |
Acquisition of business | |||||||||
- | - | 7,233 | 6,970 | - | 13,805 | - | 1,473 | 3,126 | 0 |
Proceeds from the sales of property, plant and equipment | |||||||||
- | - | - | - | 4 | 773 | - | - | - | - |
Net cash used in investing activities | |||||||||
-1,680 | -3,230 | -14,379 | -8,810 | -1,913 | -15,193 | -2,967 | -2,288 | -4,169 | -1,054 |
Cash flows from financing activities: | |||||||||
Net (repayments) borrowings of long-term debt | |||||||||
- | - | 10,514 | 7,023 | 1,765 | 1,235 | -1,408 | 6,751 | 4,046 | 4,368 |
Cash settlement of stock options | |||||||||
1,687 | 768 | 823 | 2,274 | - | - | - | - | - | - |
Net repayments of long-term debt | |||||||||
7,042 | 3,167 | - | - | - | - | - | - | - | - |
Repayments on mortgage | |||||||||
266 | 266 | - | - | - | - | - | - | - | - |
Borrowings on mortgage | |||||||||
- | - | 4,000 | - | - | - | - | - | - | - |
Repayments on mortgage | |||||||||
- | - | 22 | - | - | - | - | - | - | - |
Distributions to shareholders | |||||||||
1,608 | 1,484 | 1,408 | 1,332 | 1,198 | 1,064 | 728 | 1,089 | 771 | 655 |
Proceeds from issuance of common stock | |||||||||
- | - | 649 | 394 | 1,248 | 1,138 | 529 | 171 | 287 | 162 |
Excess tax benefit from the exercise of stock options | |||||||||
- | - | - | 567 | - | - | - | - | - | - |
Purchase of treasury stock | |||||||||
- | 365 | - | 907 | 679 | - | - | 438 | 133 | 1,566 |
Net cash (used in) provided by financing activities | |||||||||
-10,606 | -6,051 | 12,909 | 3,470 | 1,136 | 1,309 | -1,607 | 5,394 | 3,428 | 2,308 |
Effect of exchange rate changes on cash and cash equivalents | |||||||||
-2 | -121 | 86 | -33 | -161 | -123 | -7 | 62 | -70 | -36 |
Net change in cash and cash equivalents | |||||||||
2,412 | -4,929 | - | - | - | - | - | - | - | - |
Net change in cash and cash equivalents | |||||||||
- | - | 3,427 | 3,484 | 140 | -9,358 | 1,893 | 1,896 | 1,251 | 82 |
Supplemental cash flow information: | |||||||||
Cash paid for income taxes | |||||||||
422 | 887 | 1,570 | 1,779 | 2,412 | 1,421 | 1,820 | 1,020 | 1,293 | 464 |
Cash paid for interest | |||||||||
1,863 | 1,855 | 1,255 | 841 | - | - | - | - | - | - |
Cash paid for interest | |||||||||
- | - | - | - | 563 | 489 | 505 | 436 | 390 | 278 |