| Mar'20 | Dec'19 | Sep'19 | Jun'19 | Mar'19 | Dec'18 | Sep'18 | Jun'18 | Mar'18 |
|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||||
Net income | ||||||||
52,000 | 136,000 | 38,000 | 66,000 | 73,000 | 69,000 | 929,000 | 150,000 | 58,000 |
Adjustments to reconcile net (loss) income to net cash provided by operating activities: | ||||||||
Deferred income taxes | ||||||||
-15,000 | - | - | - | 3,000 | -23,000 | -884,000 | -52,000 | 28,000 |
Depreciation | ||||||||
19,000 | 18,000 | 20,000 | 16,000 | 19,000 | 19,000 | 17,000 | 18,000 | 18,000 |
Amortization of deferred issuance costs | ||||||||
2,000 | 4,000 | 2,000 | 1,000 | 2,000 | - | - | - | - |
Foreign exchange (gain) loss | ||||||||
-12,000 | 13,000 | -21,000 | -4,000 | -7,000 | -5,000 | -4,000 | -14,000 | 8,000 |
Stock compensation expense | ||||||||
2,000 | 4,000 | 5,000 | 4,000 | 5,000 | 5,000 | 4,000 | 5,000 | 7,000 |
Pension expense | ||||||||
- | 14,000 | 1,000 | 2,000 | 1,000 | 3,000 | 2,000 | 3,000 | 2,000 |
Other | ||||||||
-8,000 | -12,000 | -1,000 | -2,000 | -4,000 | - | - | - | -1,000 |
Changes in assets and liabilities: | ||||||||
Accounts, notes and other receivables | ||||||||
-58,000 | -61,000 | -13,000 | -1,000 | 43,000 | -12,000 | -78,000 | 7,000 | 113,000 |
Receivables from related parties | ||||||||
- | - | - | - | - | 0 | -7,000 | -48,000 | -2,000 |
Inventories | ||||||||
14,000 | 27,000 | 7,000 | 12,000 | 14,000 | -9,000 | 13,000 | -2,000 | -4,000 |
Other assets | ||||||||
10,000 | 29,000 | 7,000 | -1,000 | -13,000 | 44,000 | 6,000 | -33,000 | 29,000 |
Accounts payable | ||||||||
-29,000 | 69,000 | 32,000 | 10,000 | -24,000 | 69,000 | -62,000 | 29,000 | 27,000 |
Payables to related parties | ||||||||
- | - | - | - | - | 0 | -86,000 | 55,000 | -19,000 |
Accrued liabilities | ||||||||
1,000 | -12,000 | 0 | -60,000 | 12,000 | 106,000 | -54,000 | -30,000 | 27,000 |
Obligations payable to Honeywell | ||||||||
-21,000 | -59,000 | -23,000 | -40,000 | -21,000 | - | - | - | - |
Asbestos related liabilities | ||||||||
- | - | - | - | - | -2,000 | 8,000 | -9,000 | 2,000 |
Other liabilities | ||||||||
-8,000 | -16,000 | -12,000 | 9,000 | -1,000 | -52,000 | 11,000 | 9,000 | 5,000 |
Net cash provided by operating activities | ||||||||
57,000 | 117,000 | 88,000 | 1,000 | 36,000 | 133,000 | -39,000 | 267,000 | 12,000 |
Cash flows from investing activities: | ||||||||
Expenditures for property, plant and equipment | ||||||||
39,000 | 28,000 | 23,000 | 30,000 | 21,000 | 29,000 | 19,000 | 19,000 | 28,000 |
Increase in marketable securities | ||||||||
- | - | - | - | - | 0 | 0 | 0 | 21,000 |
Decrease in marketable securities | ||||||||
- | - | - | - | - | 0 | 9,000 | 101,000 | 202,000 |
Other | ||||||||
- | -4,000 | 6,000 | -17,000 | -1,000 | - | - | 1,000 | -2,000 |
Net cash used for investing activities | ||||||||
-39,000 | -24,000 | -29,000 | -13,000 | -20,000 | -33,000 | -11,000 | 81,000 | 155,000 |
Cash flows from financing activities: | ||||||||
Net increase (decrease) in Invested deficit | ||||||||
- | - | - | - | - | 0 | -1,590,000 | -715,000 | 812,000 |
Proceeds from revolving credit facility | ||||||||
621,000 | 195,000 | 250,000 | 160,000 | 140,000 | - | - | - | - |
Payments of revolving credit facility | ||||||||
555,000 | 195,000 | 250,000 | 160,000 | 140,000 | - | - | - | - |
Payments of long-term debt | ||||||||
1,000 | 101,000 | 41,000 | 15,000 | 6,000 | - | - | - | - |
Payments related to related party notes payable | ||||||||
- | - | - | - | - | 0 | 0 | 0 | 493,000 |
Net change related to cash pooling and short-term notes | ||||||||
- | - | - | - | - | -99,000 | -41,000 | 322,000 | -482,000 |
Other | ||||||||
-3,000 | - | - | 3,000 | 1,000 | - | - | - | - |
Net cash provided by (used for) financing activities | ||||||||
62,000 | -101,000 | -45,000 | -12,000 | -5,000 | -102,000 | 0 | -393,000 | -163,000 |
Effect of foreign exchange rate changes on cash and cash equivalents | ||||||||
-13,000 | - | - | - | - | 1,000 | -5,000 | -14,000 | 7,000 |
Net increase in cash and cash equivalents | ||||||||
67,000 | -3,000 | 8,000 | -25,000 | 11,000 | -1,000 | -55,000 | -59,000 | 11,000 |