| 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 | ||||||||||
39,632 | 34,785 | 30,337 | 29,607 | 21,984 | -38,118 | 44,450 | - | - | - | - |
Net income (loss) | ||||||||||
- | - | - | - | - | - | - | 108,698 | 162,071 | 79,500 | - |
Income from discontinued operations | ||||||||||
- | - | 1,874 | 26,651 | 19,711 | - | - | 66,535 | 82,601 | 32,400 | - |
Income from continuing operations | ||||||||||
- | - | 28,463 | 2,956 | 2,273 | - | - | 42,163 | 79,470 | 47,100 | - |
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||
Income from continuing operations | ||||||||||
- | - | - | - | - | - | - | - | - | - | 8,400 |
Discontinued operations | ||||||||||
- | - | - | - | - | - | - | - | - | - | 22,600 |
Net Income | ||||||||||
- | - | - | - | - | - | - | - | - | - | 31,000 |
Depreciation, depletion and amortization | ||||||||||
16,240 | 14,683 | 12,767 | 13,050 | 17,372 | 28,070 | 24,572 | 17,992 | 16,301 | 18,300 | 53,600 |
Amortization of deferred financing fees | ||||||||||
334 | 334 | 471 | 371 | 845 | 229 | 614 | 1,118 | 1,129 | 1,200 | 2,200 |
Deferred Income Tax Expense (Benefit) | ||||||||||
8,698 | 9,281 | 4,089 | 10,910 | -5,262 | -41,347 | -7,646 | 14,646 | -68 | 9,600 | 24,700 |
Centennial asset impairment charge | ||||||||||
- | - | 1,000 | 17,443 | 0 | 105,119 | 0 | 0 | - | - | - |
Stock-based compensation | ||||||||||
4,924 | 3,958 | 4,520 | - | - | - | - | - | - | - | - |
Centennial goodwill impairment charge | ||||||||||
- | - | - | - | - | - | 3,973 | 0 | 0 | - | - |
Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property | ||||||||||
206 | 892 | 5,130 | -170 | 1,784 | 7,339 | 588 | 6,811 | 1,050 | 200 | - |
Restructuring charges (reversals) | ||||||||||
- | - | - | - | - | - | - | - | - | - | 9,300 |
(Gain) loss on sale of assets | ||||||||||
- | - | - | - | - | - | - | - | - | - | -10,000 |
Loss on sale of businesses | ||||||||||
- | - | - | - | - | - | - | - | - | - | 0 |
Other non-current liabilities | ||||||||||
- | - | - | - | - | - | - | - | - | -7,000 | -30,300 |
Other | ||||||||||
7,405 | 7,946 | -11,303 | -3,049 | -2,113 | -14,667 | 14,572 | -13,117 | -6,410 | 24,100 | -7,000 |
Working capital changes: | ||||||||||
Affiliates receivable/payable | ||||||||||
-1,903 | -6,771 | -516 | 992 | 3,630 | - | - | - | - | - | - |
Accounts receivable | ||||||||||
-8,221 | 3,008 | 9,311 | 8,670 | -58,644 | 22,506 | 2,779 | 19,154 | -10,153 | 18,500 | -126,800 |
Inventories | ||||||||||
9,256 | 1,193 | 1,129 | -6,708 | -9,726 | 879 | 14,871 | 2,776 | -4,436 | 26,200 | -163,000 |
Other current assets | ||||||||||
-1,432 | 508 | 982 | 1,925 | -3,863 | -201 | 802 | 1,077 | 1,991 | -2,600 | -13,100 |
Accounts payable | ||||||||||
-388 | 60 | 1,049 | 207 | -5,007 | -2,963 | 4,851 | 23,870 | -11,339 | 20,600 | -109,600 |
Income taxes receivable/payable | ||||||||||
-5,447 | -2,478 | 1,063 | -3,372 | -2,425 | - | - | - | - | - | - |
Other current liabilities | ||||||||||
-5,898 | 775 | 334 | -8,533 | 4,786 | -15,335 | 15,863 | -8,753 | -2,854 | -7,800 | -78,800 |
Net cash provided by operating activities of continuing operations | ||||||||||
- | - | 49,005 | 31,372 | 81,514 | - | - | 74,335 | 100,597 | 15,600 | 188,000 |
Net cash used for operating activities of discontinued operations | ||||||||||
- | - | -7,700 | 62,563 | 26,488 | - | - | 68,679 | 54,582 | 47,500 | -31,000 |
Net cash used for operating activities | ||||||||||
52,784 | 54,622 | 41,305 | 93,935 | 108,002 | 19,799 | 53,065 | - | - | - | 157,000 |
Investing activities | ||||||||||
Expenditures for property, plant and equipment | ||||||||||
24,664 | 20,930 | 15,704 | 10,165 | 4,444 | 57,500 | 57,449 | 44,682 | 20,218 | 15,800 | 33,500 |
Acquisition of business | ||||||||||
- | - | - | - | - | 25,000 | 0 | 69,287 | 0 | 0 | - |
Proceeds from the sale of property, plant and equipment | ||||||||||
4,572 | 1,454 | 3,956 | 7,983 | 3,430 | 8,134 | 2,504 | 35,974 | 3,353 | 19,900 | 20,700 |
Proceeds from note receivable | ||||||||||
- | - | - | - | - | - | - | 14,434 | 0 | 0 | - |
Cash payment for cost method investment | ||||||||||
- | - | - | - | - | - | 5,000 | 0 | 0 | - | - |
Proceeds from the sale of businesses | ||||||||||
- | - | - | - | - | - | - | - | - | - | 0 |
Other | ||||||||||
170 | -1,089 | -1,088 | 1,710 | 734 | 568 | 789 | 207 | -80 | 1,400 | 5,100 |
Net cash used for investing activities of continuing operations | ||||||||||
- | - | -10,660 | -3,892 | -1,748 | - | - | -63,768 | -16,785 | 2,700 | -17,900 |
Net cash used for investing activities of discontinued operations | ||||||||||
- | - | -4,345 | -5,925 | -6,543 | - | - | -10,469 | -15,916 | -8,500 | 41,000 |
Net cash used for investing activities | ||||||||||
-20,262 | -18,387 | -15,005 | -9,817 | -8,291 | -74,934 | -60,734 | - | - | - | 23,100 |
Financing activities | ||||||||||
Net additions (reductions) to revolving credit agreement | ||||||||||
-12,000 | 46,000 | 30,000 | 20,000 | 80,000 | -73,546 | -19,654 | -82,655 | -57,507 | -2,500 | -2,600 |
Additions to long-term debt | ||||||||||
2,000 | 396 | - | - | - | - | - | - | - | - | 13,000 |
Reductions of long-term debt | ||||||||||
742 | 1,125 | 6,047 | 2,564 | 2,829 | 9,399 | 15,803 | 62,446 | 69,115 | 8,600 | 61,500 |
Cash dividends paid | ||||||||||
5,132 | 4,578 | 6,682 | 7,262 | 7,296 | 7,755 | 8,104 | 45,130 | 17,795 | 17,400 | 17,100 |
Cash dividends received from Hamilton Beach Brands Holding Co. (See Note 3) | ||||||||||
- | - | 38,000 | 42,000 | 15,000 | - | - | - | - | - | - |
Cash dividends received from Hyster-Yale | ||||||||||
- | - | - | - | - | - | - | 5,000 | 10,000 | 5,000 | - |
Purchase of treasury shares | ||||||||||
3,010 | 1,294 | 0 | 6,044 | 24,010 | 35,075 | 31,306 | 3,178 | 2,063 | 0 | 0 |
Financing fees paid | ||||||||||
- | - | - | - | - | 333 | 1,209 | 1,433 | 786 | 400 | 1,100 |
Proceeds from (Payments for) Other Financing Activities | ||||||||||
-3 | 23 | -1,324 | -3 | 922 | -5 | -8 | 12 | -194 | 0 | 0 |
Net cash used for financing activities of continuing operations | ||||||||||
- | - | -6,053 | 6,127 | -98,213 | - | - | -24,520 | -22,446 | -18,900 | - |
Net cash provided by financing activities of discontinued operations | ||||||||||
- | - | 3,747 | -61,837 | -10,088 | - | - | -98,913 | -19,425 | -24,400 | - |
Net cash provided by (used for) financing activities | ||||||||||
5,113 | -52,578 | -2,306 | -55,710 | -108,301 | 20,979 | -36,776 | - | - | - | -64,100 |
Effect of exchange rate changes on cash of continuing operations | ||||||||||
- | - | - | - | - | -99 | -20 | 24 | -4 | - | - |
Effect of exchange rate changes on cash of discontinued operations | ||||||||||
- | - | 71 | -259 | -46 | - | - | 838 | -3,832 | -8,300 | - |
Cash and Cash Equivalents | ||||||||||
Total increase (decrease) for the year | ||||||||||
37,635 | -16,343 | - | - | - | - | - | - | - | - | - |
Cash and cash equivalents | ||||||||||
Effect of exchange rate changes on cash | ||||||||||
- | - | - | - | - | - | - | - | - | - | 2,000 |
Total (decrease) increase for the year | ||||||||||
- | - | 24,065 | 28,149 | -8,636 | -34,255 | -44,465 | -53,794 | 76,771 | 5,700 | 118,000 |
Net increase related to discontinued operations | ||||||||||
- | - | -8,227 | -5,458 | 9,811 | - | - | - | - | - | - |
Net increase related to discontinued operations | ||||||||||
- | - | - | - | - | - | - | -39,865 | 15,409 | -6,300 | - |
Unallocated Items | ||||||||||
Depreciation, depletion and amortization | ||||||||||
246 | 349 | - | - | - | - | - | - | - | - | - |
Expenditures for property, plant and equipment | ||||||||||
231 | 884 | - | - | - | - | - | - | - | - | - |