| 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 | ||||||||
50 | - | - | - | 2,459 | - | - | - | - |
Net income (loss) | ||||||||
- | - | - | - | - | - | - | 8,090 | 4,430 |
Adjustments to reconcile net income to net cash used in operating activities: | ||||||||
Depreciation | ||||||||
5,603 | - | - | - | 4,973 | - | - | - | - |
Amortization | ||||||||
2,677 | - | - | - | 2,677 | - | - | - | - |
Depreciation and amortization | ||||||||
- | - | - | - | - | - | 4,963 | 4,910 | 4,992 |
Stock-based compensation expense | ||||||||
1,582 | - | - | - | - | - | - | - | - |
Allowance for doubtful accounts | ||||||||
594 | - | - | - | -42 | - | - | - | - |
Inventory excess and obsolescence reserve | ||||||||
712 | - | - | - | - | - | - | - | - |
Costs recognized on step-up of acquired inventory | ||||||||
- | 0 | 0 | 0 | 395 | - | - | - | - |
Contingent consideration revaluation | ||||||||
- | 0 | -9,598 | 2,675 | 869 | - | - | - | - |
Gain on disposal of property, plant and equipment | ||||||||
82 | -12 | 50 | 14 | 10 | - | - | - | - |
Deferred compensation and long-term incentive | ||||||||
-684 | 206 | 141 | 10,104 | 1,147 | 4,276 | 17 | -493 | 666 |
Other non-cash adjustments | ||||||||
-85 | - | - | - | -96 | - | - | - | - |
Non-cash adjustments | ||||||||
- | - | - | - | - | - | - | 40 | 63 |
Changes in operating assets and liabilities – net of effects of acquisition: | ||||||||
Accounts receivable | ||||||||
9,855 | -21,377 | -2,893 | -3,002 | 15,419 | -5,276 | 575 | -3,893 | 7,552 |
Inventories | ||||||||
844 | -5,186 | -1,404 | -2,766 | 470 | 205 | 3,740 | 91 | 2,837 |
Tooling in progress | ||||||||
1,529 | 97 | -1,047 | -133 | 354 | 126 | -401 | -85 | -129 |
Prepaids and other current assets | ||||||||
-615 | -275 | -111 | 830 | 914 | 3,528 | -232 | 521 | 608 |
Accounts payable | ||||||||
1,538 | -9,835 | -5,538 | -1,529 | 5,892 | -710 | 188 | -2,439 | 3,795 |
Deferred income taxes | ||||||||
-706 | - | - | - | - | - | - | - | - |
Accrued liabilities, excluding long-term incentive | ||||||||
1,465 | -4,648 | -1,786 | 2,295 | -2,799 | -1,451 | 3,202 | 1,064 | -1,405 |
Net cash provided by (used in) operating activities | ||||||||
2,633 | 16,978 | 9,965 | 7,959 | -1,500 | 8,145 | 11,801 | 15,096 | 1,673 |
CASH FLOWS FROM INVESTING ACTIVITIES | ||||||||
Purchase of property, plant and equipment | ||||||||
2,376 | 2,977 | 6,183 | 8,486 | 8,151 | 4,550 | 7,339 | 3,502 | 2,488 |
Proceeds from sale of property, plant and equipment | ||||||||
104 | 0 | 52 | 15 | 9 | - | - | - | - |
Net cash used in investing activities | ||||||||
-2,272 | -1,322 | -7,787 | -10,839 | -8,142 | -119,250 | -7,329 | -3,502 | -2,488 |
CASH FLOWS FROM FINANCING ACTIVITIES | ||||||||
Proceeds from bank revolving credit notes | ||||||||
87,118 | 74,790 | 143,529 | 106,169 | 117,666 | 77,367 | 44,562 | 96,548 | 38,951 |
Payments on bank revolving credit notes | ||||||||
71,897 | 89,218 | 98,014 | 131,073 | 110,906 | 48,545 | 36,673 | 106,724 | 36,195 |
Repayments of other long-term debt | ||||||||
- | 83 | 47,517 | 72,339 | 107 | 42,163 | 1,143 | 42,100 | 1,983 |
Purchase of treasury stock | ||||||||
2,435 | - | - | - | - | - | - | - | - |
Payments on capital leases | ||||||||
147 | 146 | 176 | 74 | 73 | - | - | - | - |
Net cash provided by financing activities | ||||||||
12,639 | -15,656 | -2,178 | 2,854 | 6,580 | 114,109 | -4,470 | -11,545 | 773 |
Net increase (decrease) in cash and cash equivalents | ||||||||
13,000 | - | - | - | -3,061 | - | - | - | - |
Net increase (decrease) in cash and cash equivalents | ||||||||
- | - | - | - | - | - | - | 49 | -42 |
Supplemental disclosure of cash flow information: | ||||||||
Cash paid for interest | ||||||||
1,596 | 341 | 1,764 | 1,558 | 2,966 | 1,768 | 0 | 1,357 | 992 |
Cash paid for taxes | ||||||||
15 | - | - | - | 140 | - | - | - | - |
In conjunction with the DMP acquisition, fair value of assets acquired and liabilities assumed were as followed: | ||||||||
Non-cash construction in progress in accounts payable | ||||||||
474 | - | - | - | 2,004 | - | - | - | - |