| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 |
|---|---|---|---|---|---|---|---|---|---|
Cash flows related to operating activities: | |||||||||
Net Income | |||||||||
2,109 | 3,498 | 1,317 | 1,753 | 4,597 | -3,126 | 975 | 320 | 2,626 | 2,128 |
Adjustments to reconcile net income to net cash (used) generated by operating activities: | |||||||||
Depreciation and amortization | |||||||||
1,268 | 1,025 | 885 | - | 718 | 652 | 640 | 660 | 686 | 664 |
Depreciation and amortization | |||||||||
- | - | - | 823 | - | - | - | - | - | - |
Loss on disposal of property | |||||||||
-137 | -1 | -16 | - | -5 | - | 22 | 9 | - | - |
Loss on disposal of QCC and AMP, net of income tax benefit | |||||||||
- | - | - | - | - | - | - | -680 | 0 | - |
Deferred income tax (benefit) | |||||||||
- | - | - | - | - | -1,993 | 41 | -73 | - | - |
Loss on disposal of QCC and AMP, net of income tax benefit | |||||||||
- | - | - | - | - | - | - | - | 0 | - |
Stock based compensation | |||||||||
316 | 276 | 213 | 479 | 361 | 361 | 255 | - | - | - |
Increase (decrease) in inventory reserve | |||||||||
106 | -105 | -88 | -84 | -175 | -540 | 64 | -91 | -122 | - |
Increase in allowance for doubtful accounts | |||||||||
167 | 21 | 77 | - | - | - | - | - | 16 | - |
Increase in allowance for doubtful accounts | |||||||||
- | - | - | -11 | 22 | -56 | -8 | 29 | - | - |
Increase in warranty reserve | |||||||||
8 | -389 | -39 | - | - | - | - | - | - | - |
Deferred income tax | |||||||||
188 | 114 | 82 | 27 | 1,741 | - | - | - | -206 | -23 |
Change in assets and liabilities: | |||||||||
Increase in inventory reserve | |||||||||
- | - | - | - | - | - | - | - | - | 103 |
Accounts receivable | |||||||||
2,764 | 2,183 | 1,062 | 590 | 838 | 976 | 124 | -1,144 | 620 | 1,340 |
Inventories | |||||||||
4,895 | 2,464 | -414 | 890 | 622 | 651 | 652 | 1,109 | 697 | -391 |
Prepaid income taxes | |||||||||
102 | 314 | -182 | -7 | 190 | -310 | -98 | -277 | -376 | -161 |
Other current assets | |||||||||
26 | 247 | - | - | - | - | - | - | - | - |
Other current assets | |||||||||
- | - | -138 | 61 | -124 | 139 | 5 | -183 | 168 | -98 |
Other non-current assets | |||||||||
-49 | - | 9 | 8 | -12 | 38 | - | 31 | 54 | 104 |
Accounts payable | |||||||||
1,964 | 1,117 | -703 | 545 | 173 | 129 | 165 | -400 | 204 | 132 |
Accrued employee compensation and benefit costs | |||||||||
375 | 124 | - | - | - | - | - | - | - | - |
Accrued employee compensation and benefit costs | |||||||||
- | - | 575 | 93 | 79 | 173 | 279 | -75 | 119 | 246 |
Accrued arbitration award liability | |||||||||
- | - | - | - | - | 5,597 | - | - | - | - |
Other accrued liabilities | |||||||||
177 | -399 | 406 | 50 | -70 | 147 | -92 | -93 | 97 | -625 |
Accrued income taxes | |||||||||
- | -414 | 414 | - | -31 | 31 | - | - | - | - |
Post retirement obligation | |||||||||
430 | 83 | 479 | 40 | -5,126 | - | - | - | - | - |
Employee stock ownership trust payment | |||||||||
101 | 101 | 101 | 100 | 101 | 101 | 100 | 101 | 101 | 101 |
Net cash (used) provided by operating activities | |||||||||
- | - | - | 2,441 | 1,231 | - | - | - | - | 1,932 |
Net cash (used) generated by operating activities | |||||||||
-620 | 833 | 3,652 | - | - | 1,062 | 1,586 | 1,695 | 2,602 | - |
Cash flows related to investing activities: | |||||||||
Capital expenditures - property, plant and equipment | |||||||||
2,271 | 1,866 | 2,176 | 991 | 1,132 | 3,154 | 1,563 | 885 | 608 | 492 |
Proceeds from the sale of Queen Cutlery assets | |||||||||
- | - | - | - | - | - | - | 650 | - | - |
Proceeds from sale of assets | |||||||||
- | - | 180 | - | 33 | - | 43 | - | - | - |
Net cash used by investing activities | |||||||||
-2,271 | -1,866 | -1,996 | - | - | -3,154 | -1,520 | -235 | -608 | - |
Cash flows related to financing activities: | |||||||||
Proceeds from long-term debt | |||||||||
- | - | - | - | - | 4,620 | - | - | - | - |
Principal payments on long-term debt | |||||||||
548 | 548 | 547 | 548 | 548 | 2,662 | 194 | 202 | 323 | 323 |
Proceeds from exercise of stock options | |||||||||
- | - | - | - | 7 | - | 70 | 234 | 110 | - |
Principal payments on equipment financing lease/note obligations | |||||||||
285 | 160 | 14 | - | - | - | - | 41 | 81 | 81 |
Proceeds from equipment note and equipment financing lease | |||||||||
721 | 210 | - | - | - | - | - | - | - | - |
Proceeds from certificates of deposit | |||||||||
- | - | - | - | - | - | - | - | - | 495 |
Net cash used in investing activities | |||||||||
- | - | - | -991 | -1,099 | - | - | - | - | 3 |
Proceeds from line of credit | |||||||||
3,000 | - | - | - | - | - | - | - | - | - |
Proceeds from capital leases | |||||||||
- | - | 668 | - | - | - | - | - | - | - |
Cash dividend | |||||||||
- | - | - | - | - | - | - | - | - | 336 |
Purchase of treasury shares | |||||||||
157 | 175 | 195 | 275 | 114 | 202 | 607 | 110 | - | 573 |
Cash dividend | |||||||||
409 | 403 | 376 | 380 | 375 | - | 406 | 716 | 682 | - |
Net cash used in financing activities | |||||||||
- | - | - | -1,203 | -1,030 | - | - | - | - | -1,313 |
Purchase of stock options | |||||||||
- | - | - | - | - | - | - | - | 517 | - |
Net cash provided (used) by financing activities | |||||||||
2,322 | -1,076 | -464 | - | - | 1,756 | -1,137 | -835 | -1,493 | - |
Net decrease in cash | |||||||||
-569 | -2,109 | - | - | - | - | - | - | - | - |
Net decrease in cash and cash equivalents | |||||||||
- | - | 1,192 | 247 | -898 | -336 | -1,071 | 625 | 501 | 622 |
Supplemental Cash Flow Information: | |||||||||
Equipment acquired through financing paid directly to vendor | |||||||||
333 | - | - | - | - | - | - | - | - | - |
Income taxes paid | |||||||||
- | - | - | - | - | - | - | - | - | 754 |
Interest paid | |||||||||
- | - | - | - | - | - | - | - | - | 74 |