| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 |
|---|---|---|---|---|---|---|---|---|---|
CASH FLOWS FROM OPERATING ACTIVITIES | |||||||||
Net income | |||||||||
12,066 | 16,975 | 15,022 | 14,638 | 13,066 | 11,349 | 5,850 | 3,031 | 4,136 | 3,807 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||
Depreciation and amortization | |||||||||
8,272 | 7,906 | 5,653 | 4,935 | 3,873 | 3,839 | 2,582 | 2,300 | 2,982 | 2,554 |
Provision for bad debts - accounts receivable | |||||||||
1,323 | 867 | 1,002 | 512 | 266 | 197 | 161 | 74 | 239 | 114 |
Provision for bad debts - notes receivable | |||||||||
- | - | - | - | - | - | - | - | - | 107 |
Share-based compensation expense | |||||||||
1,484 | 2,264 | 1,664 | 1,638 | 1,361 | 1,404 | 788 | 893 | 1,005 | 532 |
Deferred income tax benefit | |||||||||
-1,595 | -665 | 5,114 | -1,940 | -1,216 | - | - | - | - | - |
Gain on foreign currency transactions | |||||||||
- | - | - | 264 | 0 | 0 | - | - | - | - |
Deferred income tax benefit | |||||||||
- | - | - | - | - | 1 | -249 | -131 | -317 | 505 |
Gain on sale of property, plant and equipment | |||||||||
5 | - | 1,048 | - | 1 | 91 | 12 | 1 | 40 | 54 |
Adjustment to acquisition-related contingent liability | |||||||||
- | - | - | - | -200 | 0 | - | - | - | - |
Change in fair value of acquisition-related contingent liabilities | |||||||||
-74 | -1,116 | -89 | -31 | 119 | 128 | 63 | - | - | - |
Excess tax benefit from exercise of stock options and SARS | |||||||||
- | - | - | - | -1,575 | -263 | - | - | - | - |
Changes in assets and liabilities: | |||||||||
Intangible asset impairment | |||||||||
- | - | - | - | - | - | - | 1,226 | - | - |
Accounts receivable - trade | |||||||||
17,104 | 4,886 | 4,731 | 7,244 | 2,224 | 5,418 | 1,569 | 787 | -342 | 337 |
Accounts receivable - other | |||||||||
-660 | -105 | -1,237 | -177 | -873 | 2 | 1,138 | -750 | 2,471 | - |
Contract assets | |||||||||
-10,703 | 3,382 | - | - | - | - | - | - | - | - |
Accounts receivable - other | |||||||||
- | - | - | - | - | - | - | - | - | -370 |
Inventories | |||||||||
4,984 | -2,429 | -4,250 | 5,427 | 5,291 | 8,796 | -134 | -1,962 | 10,178 | -1,024 |
Prepaid expenses and other current assets | |||||||||
3,479 | -2,622 | 4,151 | -2,203 | 1,717 | -1,515 | 2,122 | 269 | -1,506 | 1,320 |
Other assets | |||||||||
1,717 | 1,257 | 4,504 | 1,029 | 1,817 | 15 | -27 | 75 | -67 | 112 |
Accounts payable and other current liabilities | |||||||||
10,904 | -1,344 | 3,362 | 2,030 | - | - | - | - | - | - |
Accounts payable | |||||||||
- | - | - | - | 2,069 | 1,343 | 1,734 | 688 | 837 | -323 |
Other current liabilities | |||||||||
- | - | - | - | -631 | 1,180 | 1,781 | -1,277 | 786 | - |
Accrued expenses | |||||||||
- | - | - | - | - | - | - | - | - | 1,486 |
Pension liability | |||||||||
- | - | - | - | - | - | - | - | - | -1,960 |
Other current liabilities | |||||||||
- | - | - | - | - | - | - | - | - | 62 |
Long-term pension liability | |||||||||
2,138 | -128 | -2,577 | 829 | -112 | 216 | 482 | 773 | 258 | - |
Other long-term liabilities | |||||||||
1,415 | -526 | 2,523 | 962 | -80 | -45 | -111 | 1 | -7 | - |
Net cash provided by operating activities | |||||||||
- | - | - | - | - | 7,068 | - | - | - | - |
Net cash provided by operating activities | |||||||||
20,007 | 19,864 | 22,727 | 11,989 | 9,913 | - | 8,401 | 9,158 | -855 | 6,455 |
CASH FLOWS FROM INVESTING ACTIVITIES | |||||||||
Additions to property, plant and equipment | |||||||||
9,672 | 4,869 | 4,248 | 7,385 | 8,069 | 4,936 | - | - | - | 771 |
Proceeds from disposals of property, plant and equipment | |||||||||
5 | - | 2,858 | - | 24 | 128 | - | - | - | 61 |
Acquisition of businesses, net of acquired cash | |||||||||
- | 85,597 | 7,988 | 15,161 | 0 | 0 | 32,483 | - | - | - |
Net cash provided by (used in) investing activities | |||||||||
- | - | - | - | - | -4,808 | - | - | - | - |
Additions to property, plant and equipment | |||||||||
- | - | - | - | - | - | -1,631 | -1,647 | -913 | - |
Proceeds from disposals of property, plant and equipment | |||||||||
- | - | - | - | - | - | -14 | -1 | -45 | - |
Acquisition of intangible assets | |||||||||
- | - | - | - | - | - | - | - | 2,061 | - |
Proceeds from notes receivable collections | |||||||||
- | - | - | - | - | - | - | - | - | 101 |
Net cash used in investing activities | |||||||||
-9,667 | -90,466 | -9,378 | -22,546 | -8,045 | - | -34,100 | -1,646 | -2,929 | -609 |
CASH FLOWS FROM FINANCING ACTIVITIES | |||||||||
Proceeds from borrowings of debt | |||||||||
165,314 | 206,025 | 74,387 | 125,067 | 67,345 | 55,150 | 44,740 | 29,360 | 24,930 | 3,415 |
Repayment of debt | |||||||||
163,645 | 127,439 | 77,573 | 106,827 | 68,416 | 56,332 | 18,490 | 30,000 | 24,290 | 3,415 |
Payment of cash dividends | |||||||||
6,046 | 5,836 | 5,269 | 4,707 | - | - | - | - | - | - |
Payment of cash dividends | |||||||||
- | - | - | - | 4,255 | -3,663 | -874 | -6,574 | -3,235 | -3,196 |
Payment of acquisition-related contingent liabilities | |||||||||
961 | 2,861 | 1,800 | 1,800 | 1,200 | 0 | - | - | - | - |
Proceeds received on exercise of stock options | |||||||||
283 | 727 | 1,872 | 1,504 | 1,840 | 1,855 | 2,216 | 889 | 958 | 625 |
Tax (provision) benefit from vesting of acquisition-related restricted stock | |||||||||
30 | 445 | 650 | 990 | - | - | - | - | - | - |
Tax withholdings on exercise of stock rights | |||||||||
- | 17 | 1,186 | 405 | 732 | - | - | - | - | - |
Excess tax benefit from exercise of stock options and SARS | |||||||||
- | - | - | - | - | - | 31 | - | - | - |
Common stock reacquired and retired | |||||||||
1,685 | 2,906 | - | 714 | 0 | 0 | 162 | 437 | 882 | 533 |
Net cash used in financing activities | |||||||||
-6,710 | 68,138 | -8,919 | 13,108 | -5,418 | - | 27,461 | -6,762 | -2,519 | -3,104 |
Net cash (used in) provided by financing activities | |||||||||
- | - | - | - | - | -2,990 | - | - | - | - |
Effect of currency exchange rates on cash | |||||||||
46 | -304 | 51 | 62 | 0 | 0 | - | - | - | - |
Net increase (decrease) in cash and cash equivalents | |||||||||
3,676 | -2,768 | 4,481 | 2,613 | -3,550 | -730 | 1,762 | 750 | -6,303 | 2,742 |
Supplemental disclosure of cash flow information: | |||||||||
Income taxes paid | |||||||||
7,146 | 1,088 | 7,173 | - | - | - | - | - | - | - |
Interest paid | |||||||||
3,979 | 2,724 | 727 | - | - | - | - | - | - | - |