| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|---|---|
OPERATING ACTIVITIES: | ||||||||||
Net income | ||||||||||
39,111 | 33,746 | 23,016 | 19,922 | 15,976 | - | - | - | - | 11,707 | 6,016 |
Net income | ||||||||||
- | - | - | - | - | 14,838 | 8,688 | 9,122 | 23,008 | - | - |
Adjustments to reconcile net income to net cash flows from operating activities: | ||||||||||
Depreciation and amortization | ||||||||||
9,127 | 7,745 | 6,147 | 4,828 | 4,317 | 4,015 | 3,763 | 3,807 | 3,675 | 3,533 | 3,514 |
Loss on disposal of property, plant and equipment | ||||||||||
21 | -156 | 608 | - | - | - | - | - | - | - | - |
Provision for doubtful accounts | ||||||||||
15 | 214 | 86 | -462 | 282 | 243 | 211 | 257 | 240 | 220 | 714 |
Stock-based compensation | ||||||||||
- | - | - | - | - | - | - | 332 | 399 | 399 | 399 |
Excess tax benefit from stock-based compensation | ||||||||||
- | - | - | - | - | 27 | 225 | 426 | 1,284 | - | - |
Issuance of non-employee director shares | ||||||||||
150 | 150 | 150 | 96 | 96 | 96 | 75 | 75 | 100 | 93 | 75 |
Deferred tax provision | ||||||||||
1,708 | 568 | -868 | - | - | - | - | - | - | - | - |
Loss on the deconsolidation of subsidiary | ||||||||||
- | - | - | - | - | -83 | - | - | - | - | - |
(Gain) Loss on disposals of property and equipment | ||||||||||
- | - | - | -18 | -74 | 39 | 2 | 1 | - | - | - |
Deferred tax provision | ||||||||||
- | - | - | 3,219 | 573 | 147 | -225 | 1,210 | 206 | 6,008 | 1,735 |
Changes in operating assets and liabilities: | ||||||||||
(Gain) Loss on disposals of equipment | ||||||||||
- | - | - | - | - | - | - | - | - | 28 | -70 |
Accounts receivable | ||||||||||
19,605 | 19,353 | 6,668 | 17,253 | -5,736 | 36,342 | 21,993 | -1,884 | 1,365 | 16,378 | -7,629 |
Inventories | ||||||||||
-5,453 | 23,865 | 2,844 | -1,018 | 11,015 | 3,284 | 8,506 | -3,033 | 9,360 | 4,081 | -9,239 |
Other assets | ||||||||||
- | - | - | 70 | - | - | - | - | - | - | - |
Prepaid expenses | ||||||||||
1,529 | -989 | -765 | 3,361 | 31 | -151 | 173 | -270 | -1,338 | 1,283 | 379 |
Other assets | ||||||||||
-609 | -60 | -8 | - | - | - | - | - | - | - | - |
Other long-term assets | ||||||||||
- | - | - | - | - | - | - | - | - | 257 | - |
Accounts payable | ||||||||||
-2,165 | 19,425 | -5,806 | 12,931 | 3,819 | 24,662 | 16,164 | -8,893 | 5,886 | 15,362 | -8,882 |
Accrued liabilities | ||||||||||
2,279 | 2,062 | 575 | 40 | 338 | 5,394 | 3,415 | -4,561 | 5,495 | 2,230 | -411 |
Net cash flows from operating activities | ||||||||||
- | - | - | - | 20,165 | 9,937 | 1,192 | 6,109 | 28,338 | 17,525 | - |
Net cash flows from operating activities | ||||||||||
35,132 | 21,897 | 13,953 | 20,926 | - | - | - | - | - | - | 19,719 |
INVESTING ACTIVITIES: | ||||||||||
Purchases of property, plant and equipment | ||||||||||
17,391 | 13,342 | 24,693 | 25,026 | 11,900 | 5,345 | 2,430 | 2,889 | 3,961 | 5,279 | 755 |
Proceeds from sale of property, plant and equipment | ||||||||||
328 | 141 | 1,303 | 3 | 1 | 20 | 19 | 20 | 1,017 | 24 | 1 |
Payments on long-term obligations | ||||||||||
- | - | - | - | - | - | - | 5 | 47 | 178 | - |
Net cash flows from investing activities | ||||||||||
-17,063 | -13,201 | -23,390 | -25,023 | - | - | - | - | - | - | -542 |
FINANCING ACTIVITIES: | ||||||||||
Net proceeds (payments) under credit facility | ||||||||||
-10,002 | 5,000 | 5,000 | - | - | - | - | - | - | - | - |
Net (payments on) proceeds from notes receivable | ||||||||||
- | - | - | - | - | - | 76 | 33 | 177 | 390 | 212 |
Net cash flows from investing activities | ||||||||||
- | - | - | - | -11,899 | -5,325 | -2,335 | -2,836 | -2,767 | -4,865 | - |
Net proceeds under credit facility | ||||||||||
- | - | - | 5,000 | - | - | - | - | - | - | - |
Payments on long-term obligations | ||||||||||
- | - | - | - | - | - | - | - | - | - | 4,094 |
Borrowings under long-term obligations | ||||||||||
- | - | - | - | - | - | - | - | - | - | 46 |
Payments of cash dividends | ||||||||||
8,208 | 8,200 | 8,188 | 7,715 | 7,253 | 6,778 | 6,294 | 5,762 | 5,546 | 1,163 | - |
Net proceeds (payments) on other long-term obligations | ||||||||||
-367 | 56 | 146 | - | - | - | - | - | - | - | - |
Finance lease obligation payments | ||||||||||
20 | - | - | - | - | - | - | - | - | - | - |
Additions to deferred financing costs | ||||||||||
- | - | - | - | - | - | - | 10 | - | 51 | - |
Proceeds from exercise of stock options | ||||||||||
- | 179 | 606 | 3 | 186 | 186 | 621 | 851 | 2,766 | 443 | 119 |
Net cash flows from financing activities | ||||||||||
-18,597 | -2,965 | -2,436 | -2,712 | - | - | - | - | - | - | -3,929 |
Excess tax benefit from stock-based compensation | ||||||||||
- | - | - | - | - | 27 | 225 | 426 | 1,284 | - | - |
Payments for common stock repurchased | ||||||||||
- | - | - | - | - | - | - | - | 20,000 | - | - |
Net cash flows from financing activities | ||||||||||
- | - | - | - | -7,067 | -6,565 | -5,448 | -4,500 | -21,543 | -949 | - |
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND TEMPORARY INVESTMENTS | ||||||||||
-437 | -589 | 2,653 | -525 | -2,347 | -1,314 | 864 | -335 | -209 | -1,537 | - |
NET CHANGE IN CASH AND TEMPORARY INVESTMENTS | ||||||||||
-965 | 5,142 | -9,220 | - | - | - | - | - | - | - | - |
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND TEMPORARY INVESTMENTS | ||||||||||
- | - | - | - | - | - | - | - | - | - | 1,467 |
NET CHANGE IN CASH AND TEMPORARY INVESTMENTS | ||||||||||
- | - | - | -7,334 | -1,148 | -3,267 | -5,727 | -1,562 | 3,819 | 10,174 | 16,715 |
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: | ||||||||||
Cash payments for interest | ||||||||||
3,249 | 2,437 | 1,877 | 1,877 | - | - | - | - | - | - | - |
Cash payments for income taxes, net of refunds | ||||||||||
- | - | - | 11,605 | - | - | - | - | - | - | - |
Cash payments for interest | ||||||||||
- | - | - | - | 1,432 | 1,015 | 912 | 1,070 | 968 | 692 | 1,191 |
Cash payments for income taxes, net of refunds | ||||||||||
10,067 | 7,457 | 11,605 | - | 8,566 | 6,454 | 2,419 | 3,858 | 12,578 | 1,150 | 2,755 |