| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|---|---|
Net income | ||||||||||
- | - | - | - | 6,675 | 12,861 | 20,587 | - | - | - | - |
OPERATING ACTIVITIES | ||||||||||
Net income | ||||||||||
23,336 | 26,581 | 12,654 | 15,255 | - | - | - | 29,286 | 30,984 | 23,008 | 22,833 |
Adjustments to reconcile net income to net cash provided by (used in) operations: | ||||||||||
Depreciation and amortization | ||||||||||
13,748 | 12,444 | 12,790 | 11,996 | 11,532 | 12,857 | 12,088 | 11,564 | 10,525 | 9,394 | 7,249 |
Provision for accounts receivable allowances | ||||||||||
2,132 | 1,206 | 1,165 | 2,184 | 961 | 1,211 | - | - | - | - | - |
Provision for accounts receivable allowances | ||||||||||
- | - | - | - | - | - | 837 | 1,416 | 1,292 | 661 | 546 |
Provision for inventory reserves | ||||||||||
1,283 | 2,402 | 1,205 | 2,736 | 2,477 | 2,244 | 2,672 | 1,981 | - | - | - |
Provision for inventory reserves | ||||||||||
- | - | - | - | - | - | - | - | 1,480 | 767 | 2,395 |
Deferred income taxes | ||||||||||
-1,274 | 314 | 2,436 | 2,249 | -944 | -1,697 | -1,105 | -2,927 | -688 | -900 | 682 |
Share-based compensation expense | ||||||||||
4,396 | 4,236 | 3,055 | 1,366 | 248 | 1,542 | 3,057 | 3,080 | 2,933 | 2,966 | 1,962 |
Excess tax benefits from share-based awards | ||||||||||
- | - | - | - | - | 97 | 357 | - | - | - | - |
Goodwill impairment | ||||||||||
- | - | - | - | - | - | 862 | 0 | 0 | - | - |
Gain on sale of property and equipment | ||||||||||
-10 | 156 | -160 | 20 | -363 | -115 | 57 | 141 | - | - | - |
Excess tax benefits from share-based awards | ||||||||||
- | - | - | - | - | - | - | 197 | 203 | 73 | 122 |
Net investment in life insurance | ||||||||||
- | - | - | - | - | - | - | - | -28 | -74 | -489 |
Gain on acquisition of business | ||||||||||
- | - | - | - | - | - | - | - | - | - | 9,087 |
Other - net | ||||||||||
-292 | -192 | -213 | -539 | -87 | -26 | -11 | -1 | -73 | 301 | 232 |
Changes in operating assets and liabilities | ||||||||||
Accounts receivable | ||||||||||
9,777 | 4,499 | 9,205 | 2,292 | 2,965 | 2,435 | 10,273 | -5,047 | 16,061 | 4,977 | 594 |
Inventories | ||||||||||
9,455 | 13,703 | 2,208 | 6,354 | 2,297 | 5,704 | -3,040 | -1,290 | 21,197 | 8,268 | -922 |
Trade accounts payable and accrued liabilities | ||||||||||
6,087 | 3,048 | 4,957 | 4,270 | 5,652 | 6,716 | -3,906 | -3,196 | 8,574 | 8,429 | 3,750 |
Income taxes - net | ||||||||||
634 | -1,896 | 7,134 | -4,999 | -4,038 | -882 | -4,670 | 3,381 | -815 | 383 | 781 |
Contributions to company pension plan | ||||||||||
0 | -5,340 | -225 | -991 | - | - | - | - | - | - | - |
Other - net | ||||||||||
4,195 | 1,853 | 301 | -35 | -2,478 | 1,501 | 1,247 | 200 | -180 | 2,327 | 1,581 |
NET CASH USED IN OPERATING ACTIVITIES | ||||||||||
- | - | - | - | 20,229 | 25,256 | 21,539 | 50,385 | - | - | - |
NET CASH (USED IN) PROVIDED BY OPERATING ACTIVITIES | ||||||||||
27,217 | 22,976 | 33,830 | 25,974 | - | - | - | - | 17,049 | 28,688 | 29,015 |
INVESTING ACTIVITIES | ||||||||||
Capital expenditures | ||||||||||
29,467 | 9,528 | 11,233 | 24,725 | 10,754 | 17,663 | 21,034 | 21,043 | 18,912 | 12,274 | 10,667 |
Proceeds from the sale of discontinued operations | ||||||||||
- | - | - | - | - | - | - | - | - | - | 750 |
Proceeds from the sale of property and equipment | ||||||||||
54 | 195 | 142 | 70 | 929 | 142 | 532 | 1,965 | 464 | 757 | 422 |
Purchase of marketable securities | ||||||||||
496 | 4,690 | 0 | 0 | - | - | - | - | - | - | - |
Proceeds from sale of marketable securities | ||||||||||
2,309 | 2,953 | 0 | 0 | - | - | - | - | - | - | - |
Restricted cash and purchase of fixed-term deposits | ||||||||||
- | - | - | - | 1,037 | 797 | 3,642 | 0 | 328 | - | - |
NET CASH (USED IN) PROVIDED BY INVESTING ACTIVITIES | ||||||||||
- | - | - | - | -10,862 | -33,293 | -24,144 | -24,251 | - | - | - |
Proceeds on life insurance | ||||||||||
- | - | - | - | - | - | - | - | - | - | 3,082 |
Purchase of company owned life insurance policies | ||||||||||
2,309 | 2,953 | 0 | 0 | - | - | - | - | - | - | 3,082 |
Acquisition, net of cash acquired | ||||||||||
18,894 | 0 | 0 | - | 0 | 14,975 | 0 | 5,173 | 0 | 14,324 | 13,199 |
Fixed-term deposits | ||||||||||
0 | 0 | -8,527 | 3,815 | - | - | - | - | - | - | - |
NET CASH USED IN INVESTING ACTIVITIES | ||||||||||
-48,803 | -14,023 | -2,564 | -28,470 | - | - | - | - | -18,776 | -25,841 | -22,694 |
FINANCING ACTIVITIES | ||||||||||
Increase (decrease) in notes payable to banks | ||||||||||
-355 | 8,446 | -537 | 851 | -775 | 941 | 922 | -1,734 | 1,015 | -3,880 | - |
Proceeds from long-term debt | ||||||||||
93,036 | 76,030 | 55,581 | 70,274 | 51,942 | 75,774 | 73,638 | 70,058 | 79,110 | 60,131 | 1,330 |
Payments of long-term debt | ||||||||||
64,124 | 85,496 | 63,981 | 57,742 | 51,940 | 57,123 | 69,884 | 89,060 | 61,065 | 54,116 | 529 |
Dividends paid | ||||||||||
4,230 | 4,088 | 4,099 | 4,170 | 4,391 | 4,412 | 2,305 | 6,492 | 4,381 | 4,344 | 4,271 |
Excess tax benefits from share-based awards | ||||||||||
- | - | - | -2 | -20 | 97 | 357 | - | - | - | - |
Earn-out consideration payments | ||||||||||
- | - | - | - | - | - | 513 | 1,148 | 0 | - | - |
Excess tax benefits from share-based awards | ||||||||||
- | - | - | - | - | - | - | 197 | 203 | 73 | 122 |
Proceeds from issuance of common shares | ||||||||||
213 | 222 | 1,962 | 248 | 80 | 166 | 1,519 | 549 | 1,064 | 285 | 352 |
Purchase of common shares for treasury | ||||||||||
2,800 | 191 | 2 | 3,108 | 6,003 | 104 | 2,881 | 333 | 623 | 1,081 | 168 |
Purchase of common shares for treasury from related parties | ||||||||||
4,026 | 3,974 | 8,475 | 1,962 | 1,550 | 2,130 | 4,030 | 2,457 | 2,899 | - | - |
NET CASH PROVIDED BY FINANCING ACTIVITIES | ||||||||||
17,714 | -9,051 | -19,551 | 4,389 | - | - | - | - | 12,424 | -2,932 | -3,164 |
NET CASH PROVIDED BY FINANCING ACTIVITIES | ||||||||||
- | - | - | - | -12,657 | 13,209 | -3,177 | -30,420 | - | - | - |
Effects of exchange rate changes on cash and cash equivalents | ||||||||||
-775 | -1,591 | 1,359 | -1,539 | - | - | - | - | - | - | - |
Net decrease in cash, cash equivalents and restricted cash | ||||||||||
-4,647 | -1,689 | 13,074 | 354 | - | - | - | - | - | - | - |
Effects of exchange rate changes on cash and cash equivalents | ||||||||||
- | - | - | - | 4,040 | 180 | 1,953 | 280 | -1,226 | -1,357 | 1,071 |
Net increase in cash and cash equivalents | ||||||||||
- | - | - | - | 750 | 5,352 | -3,829 | -4,006 | 9,471 | -1,442 | 4,228 |