| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|---|---|
Cash Flows from Operating Activities: | ||||||||||
Net income | ||||||||||
21,865 | 30,307 | 21,075 | 28,356 | 27,789 | 8,589 | 32,265 | 14,911 | 15,463 | 8,444 | -4,179 |
Adjustments to reconcile net income to net cash (used in) provided by operating activities: | ||||||||||
Depreciation and amortization | ||||||||||
20,596 | 29,806 | 30,516 | 29,045 | 25,756 | 22,613 | 21,450 | 19,415 | 18,242 | 16,859 | 19,346 |
Net loss on asset impairment | ||||||||||
2,415 | 0 | 0 | - | - | - | - | - | - | - | - |
Share-based compensation expense | ||||||||||
3,435 | 4,358 | 3,818 | 3,872 | 4,033 | 3,319 | 3,323 | 2,553 | 2,060 | 1,716 | 1,668 |
Excess tax benefit from stock-based plans | ||||||||||
- | - | - | - | 397 | 896 | 1,754 | 289 | -15 | - | - |
Deferred income taxes | ||||||||||
-2,691 | -439 | 5,559 | -1,120 | -3,019 | 4,800 | -652 | -2,209 | -7,947 | -2,953 | -2,200 |
Provision for doubtful accounts | ||||||||||
90 | 68 | 224 | 383 | 314 | 257 | 120 | 165 | 167 | 380 | 978 |
Gains on insurance recovery | ||||||||||
0 | 307 | 2,848 | 3,338 | 0 | 0 | - | - | - | - | - |
Proceeds from insurance recovery received for business interruption and destroyed inventory | ||||||||||
0 | 266 | 2,867 | 2,599 | 0 | 0 | - | - | - | - | - |
Pension settlement expense | ||||||||||
- | - | - | - | - | 21,623 | 0 | 0 | - | - | - |
Net loss (gain) on sale of property and equipment | ||||||||||
- | - | - | - | - | - | - | - | - | 1,653 | -21 |
Other | ||||||||||
-616 | -863 | -82 | 480 | 160 | -641 | -459 | -614 | -346 | 628 | 707 |
Changes in operating assets and liabilities: | ||||||||||
Accounts receivable | ||||||||||
-247 | -535 | -1,820 | -1,514 | -960 | -870 | -1,400 | -1,210 | -2,299 | -1,397 | 9,263 |
Inventories | ||||||||||
-1,023 | 2,403 | 2,112 | -6,876 | 2,305 | 15,656 | -5,419 | 3,458 | 1,775 | -1,363 | 10,442 |
Customer deposits | ||||||||||
5,656 | -3,348 | 2,890 | 3,887 | - | - | - | - | - | - | - |
Customer deposits | ||||||||||
- | - | - | - | -2,650 | 4,679 | -1,955 | 6,391 | 987 | -417 | 1,222 |
Other assets and liabilities | ||||||||||
-1,586 | -9,196 | 932 | 9,508 | 590 | 2,023 | 2,638 | -1,819 | 11,714 | 462 | 3,620 |
Accounts payable and accrued liabilities | ||||||||||
8,581 | 1,490 | -10,502 | -2,032 | 2,501 | 6,638 | -1,548 | 11,046 | 959 | 155 | -2,351 |
Net cash (used in) provided by operating activities | ||||||||||
63,419 | 70,392 | 52,457 | 60,054 | 52,232 | 55,454 | 55,889 | 52,168 | 19,072 | 24,201 | 38,495 |
Cash Flows from Investing Activities: | ||||||||||
Capital expenditures | ||||||||||
16,841 | 21,473 | 24,465 | 29,838 | 27,143 | 30,882 | 20,202 | 25,014 | 17,566 | 14,053 | 3,259 |
Maturities of investments | ||||||||||
- | - | - | 12,725 | 7,250 | 0 | 0 | - | - | - | - |
Proceeds from sale-leaseback transaction | ||||||||||
- | - | - | - | - | - | - | - | - | - | 6,625 |
Proceeds from sale of land, property and equipment | ||||||||||
2,270 | 2,446 | 951 | 944 | - | - | - | - | - | 2,856 | 31 |
Purchase of commercial paper and certificates of deposit | ||||||||||
- | - | - | - | 9,975 | 10,000 | 0 | - | - | - | - |
Proceeds from insurance for destroyed property and equipment | ||||||||||
0 | 55 | 1,987 | 3,011 | 0 | 0 | - | - | - | - | - |
Purchase of certificates of deposit | ||||||||||
- | - | - | - | - | - | - | 0 | - | - | - |
Restricted cash and cash equivalents | ||||||||||
- | - | - | - | - | 1,001 | 3 | 200 | 6,813 | 0 | 0 |
Other | ||||||||||
- | - | - | - | -1,513 | -511 | -85 | -448 | -157 | 0 | 43 |
Net cash used in investing activities | ||||||||||
-14,571 | -18,972 | -21,527 | -13,158 | -28,355 | -41,372 | -20,120 | -24,766 | -24,222 | -11,197 | 3,440 |
Proceeds from borrowings under revolving credit facility | ||||||||||
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5,800 |
Payments of borrowings under revolving credit facility | ||||||||||
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5,800 |
Net change in borrowings under revolving credit facility | ||||||||||
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
The cash inflow from receipts of allowance from landlords used during construction. | ||||||||||
- | - | - | 1,574 | 6,701 | 1,050 | 0 | - | - | - | - |
Payments on lease obligations | ||||||||||
0 | 3,788 | 3,482 | 3,125 | 2,534 | 1,088 | 867 | 766 | 588 | 385 | 311 |
Proceeds from exercise of stock options | ||||||||||
- | - | - | - | - | - | 872 | 2,457 | 285 | 3,319 | 92 |
Excess tax benefit from stock-based plans | ||||||||||
- | - | - | 80 | 397 | 896 | 1,754 | 289 | 15 | - | - |
Dividends paid | ||||||||||
15,056 | 35,464 | 11,392 | 30,409 | 8,060 | 29,780 | 5,353 | 24,684 | 2,609 | 2,168 | 473 |
Common stock repurchased | ||||||||||
29,757 | 18,732 | 0 | 21,282 | 14,002 | 804 | 0 | -218 | - | - | - |
Other | ||||||||||
- | 0 | 1,590 | - | - | -2,060 | -2,540 | -515 | -413 | -191 | -474 |
Cash outflow in the form of payroll taxes on vested restricted shares. | ||||||||||
1,442 | 1,233 | 1,555 | 883 | 1,201 | - | - | - | - | - | - |
Net cash provided by (used in) financing activities | ||||||||||
-46,255 | -59,217 | -14,839 | -54,045 | -18,699 | -31,786 | -6,134 | -23,437 | -3,310 | 575 | -1,166 |
Increase (decrease) in cash, cash equivalents and restricted cash equivalents during the period | ||||||||||
2,593 | -7,797 | 16,091 | -7,149 | - | - | - | - | - | - | - |
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | ||||||||||
- | - | - | - | 5,178 | -17,704 | 29,635 | 3,965 | -8,460 | 13,579 | 40,769 |