| Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|---|
Cash Flows From Operating Activities | |||||||||
Net (loss) income | |||||||||
-37,672 | 6,674 | 12,811 | 13,557 | 9,465 | 13,319 | 9,257 | 6,198 | - | - |
Adjustments to reconcile net loss to net cash (used in) provided by operating activities: | |||||||||
Net income | |||||||||
- | - | - | - | - | - | - | - | 5,914 | 13,552 |
Depreciation and amortization | |||||||||
19,686 | 15,219 | 13,229 | 11,420 | 9,749 | 7,621 | 7,548 | 7,132 | 5,725 | 3,708 |
Provision for doubtful accounts | |||||||||
-266 | 323 | -125 | 0 | 20 | 10 | -20 | -30 | -34 | 60 |
Deferred income taxes | |||||||||
-3,564 | -15,739 | 7,570 | 4,235 | -2,491 | -142 | - | - | - | - |
Insurance settlement | |||||||||
2,200 | 0 | 0 | - | - | - | - | - | - | - |
Deferred income taxes | |||||||||
- | - | - | - | - | - | 648 | - | - | - |
Deferred income taxes | |||||||||
- | - | - | - | - | - | - | 2,359 | 3,519 | 4,774 |
Stock compensation expense | |||||||||
276 | 410 | 566 | 1,048 | 1,879 | 346 | 346 | 290 | - | - |
Loss (gain) on disposal of property, plant and equipment | |||||||||
3 | -52 | -17 | 0 | -8 | 146 | -336 | - | - | - |
Changes in cash due to changes in operating assets and liabilities: | |||||||||
Accounts receivable, including amounts due to related party | |||||||||
-168 | 3,745 | -2,514 | 1,640 | - | - | - | - | - | - |
Stock option plan expense | |||||||||
- | - | - | - | - | - | - | - | 562 | 603 |
Accounts receivable | |||||||||
- | - | - | - | 2,556 | 1,189 | -1,553 | 754 | -629 | 296 |
Inventories | |||||||||
567 | 2,149 | 4,913 | 3,852 | -1,272 | 646 | 2,464 | 216 | 26 | 1,316 |
Income taxes receivable | |||||||||
-446 | -8,236 | 3,107 | 4,994 | 634 | -607 | 322 | -2,390 | 3,952 | - |
Prepaid expenses | |||||||||
1,894 | 32 | -211 | -149 | 422 | 226 | 107 | -8 | 41 | 98 |
Other assets | |||||||||
-399 | -154 | -2,237 | 972 | 3,560 | -44 | -294 | 338 | - | - |
Accounts payable, including amounts due to related party | |||||||||
-305 | 3,388 | -973 | -293 | - | - | - | - | - | - |
Accounts payable | |||||||||
- | - | - | - | 7,706 | 0 | 165 | -1,730 | 1,201 | -650 |
Accrued liabilities | |||||||||
7,999 | 655 | -2,210 | 133 | -284 | 1,198 | 217 | 346 | -849 | 535 |
Net cash provided by operating activities | |||||||||
- | - | - | - | 20,152 | 20,796 | 17,451 | 15,655 | 12,648 | 20,872 |
Acquisition of Fabrica assets and U.S. business | |||||||||
- | - | - | - | 16,700 | 0 | - | - | - | - |
Proceeds from the sale of investment securities and restricted certificate of deposit | |||||||||
- | - | - | - | - | - | - | - | - | 3,993 |
Net cash (used in) provided by operating activities | |||||||||
-17,497 | 13,446 | 27,827 | 18,791 | - | - | - | - | - | - |
Cash Flows From Investing Activities | |||||||||
Purchases of property, plant and equipment | |||||||||
3,361 | 49,188 | 88,862 | 63,184 | 25,769 | 12,171 | 6,780 | 5,531 | 26,786 | 15,711 |
Proceeds from insurance settlement | |||||||||
2,200 | 51 | 420 | 0 | 0 | - | - | - | - | - |
Proceeds from sale of property, plant and equipment | |||||||||
3 | 0 | 34 | 0 | 0 | - | - | - | - | - |
Decrease (increase) in restricted cash | |||||||||
- | - | - | 12,005 | 0 | - | - | - | - | - |
Increase in restricted cash | |||||||||
- | - | - | - | - | 0 | - | - | - | - |
Purchases of short-term investments | |||||||||
- | - | - | - | 2 | 8 | 3,008 | - | - | 22,502 |
Proceeds from the sale of short-term investments | |||||||||
- | - | - | - | 5,037 | 0 | - | 7,500 | 8,991 | - |
Net cash used in investing activities | |||||||||
- | - | - | - | -37,434 | -12,179 | -9,788 | 1,969 | -17,795 | -34,220 |
Net cash used in investing activities | |||||||||
-1,158 | -49,137 | -88,408 | -75,189 | - | - | - | - | - | - |
Cash Flows From Financing Activities | |||||||||
Proceeds from economic incentive | |||||||||
0 | 0 | 1,900 | 0 | 0 | - | - | - | - | - |
Net proceeds under New Market Tax Credit financing | |||||||||
- | - | - | 5,098 | 0 | 0 | - | - | - | - |
Borrowings under long-term debt | |||||||||
- | - | - | 31,109 | 30,000 | 0 | - | 18,021 | 5,197 | 3,756 |
Principal payments on long-term debt | |||||||||
3,249 | 4,558 | 3,882 | 2,700 | 16,429 | 1,152 | 1,152 | 2,007 | - | - |
Repayment of long-term debt at maturity | |||||||||
- | - | - | - | - | - | - | 5,878 | - | - |
Repayment of long-term debt prior to maturity | |||||||||
- | - | - | - | - | - | - | 17,439 | - | - |
Net borrowings on revolving credit line | |||||||||
28,849 | 397 | 16,447 | -7,712 | 7,712 | 0 | - | -2,672 | - | - |
Borrowings on delayed draw term loan | |||||||||
0 | 36,158 | 53,820 | 18,522 | - | - | - | - | - | - |
Payments on delayed draw term loan | |||||||||
4,212 | 3,195 | 0 | 0 | - | - | - | - | - | - |
Borrowings on short-term notes | |||||||||
909 | 857 | 0 | 0 | - | - | - | - | - | - |
Payments on short-term notes | |||||||||
964 | 540 | 0 | 0 | - | - | - | - | - | - |
Bank overdrafts | |||||||||
- | - | - | - | 1,706 | 0 | - | - | - | - |
Net proceeds from follow-on stock offering | |||||||||
0 | -35 | 0 | 32,119 | 0 | 0 | - | - | - | 14,847 |
Net proceeds from at-the-market stock offering | |||||||||
-19 | 4,966 | 0 | 0 | - | - | - | - | - | - |
Overdrafts | |||||||||
- | - | - | -1,706 | - | - | - | - | - | - |
Principal payments on long-term debt | |||||||||
- | - | - | - | - | - | - | - | -3,787 | -3,059 |
Net borrowings (repayments) on revolving credit line | |||||||||
- | - | - | - | - | - | - | - | -2,672 | 1,487 |
Dividends paid to stockholders | |||||||||
0 | 3,607 | 14,400 | 13,847 | 11,781 | 10,708 | 6,443 | 3,753 | - | - |
Proceeds from the exercise of stock options | |||||||||
0 | 134 | 314 | 210 | 79 | 3,305 | 974 | 303 | - | 269 |
Excess tax benefit of stock options exercised | |||||||||
0 | 0 | 171 | -6 | 20 | - | - | - | - | - |
Excess tax benefit of stock options exercised | |||||||||
- | - | - | - | - | - | 395 | 15 | - | - |
Excess tax benefit of stock options exercised | |||||||||
- | - | - | - | - | 1,409 | - | - | - | - |
Deferred debt issuance costs | |||||||||
1,476 | 1,086 | 129 | 1,349 | 209 | 0 | - | 59 | 25 | 43 |
Net cash provided by financing activities | |||||||||
19,838 | 29,491 | 54,241 | 59,738 | - | - | - | - | - | - |
Total increase (decrease) in cash | |||||||||
1,183 | -6,200 | -6,340 | 3,340 | - | - | - | - | - | - |
Proceeds from the exercise of warrants attached to subordinated debentures | |||||||||
- | - | - | - | - | - | - | - | - | 286 |
Net cash provided by financing activities | |||||||||
- | - | - | - | 11,098 | -7,146 | -6,226 | -13,469 | 4,057 | 14,569 |
Net increase (decrease) in cash | |||||||||
- | - | - | - | -6,184 | 1,471 | 1,437 | 4,155 | -1,090 | 1,221 |
Supplemental Disclosure: | |||||||||
Interest paid | |||||||||
- | - | - | - | 499 | 367 | 403 | - | - | - |
Interest paid | |||||||||
10,677 | 7,850 | 2,907 | 720 | - | - | - | 605 | 933 | 692 |
Income taxes refunded | |||||||||
323 | 8,240 | -13 | 6,722 | 7,301 | 2,753 | 3,426 | -2,390 | 2,775 | 1,735 |
Tax benefits realized from stock options exercised | |||||||||
0 | 59 | 211 | 23 | - | - | - | - | - | - |
Tax benefits realized from stock options exercised | |||||||||
- | - | - | - | 16 | 408 | 201 | 22 | - | - |
Capital expenditures invoiced but not yet paid | |||||||||
6 | 1,469 | 744 | 0 | 0 | - | - | - | - | - |
Deferred debt issuance costs incurred but not yet paid | |||||||||
3,670 | 0 | 0 | - | - | - | - | - | - | - |
Capital lease assets | |||||||||
0 | 34 | 0 | 0 | - | - | - | - | - | - |
Stock issued for Fabrica assets and U.S. business | |||||||||
- | - | - | - | 16,000 | 0 | - | - | - | - |
Value of donated land | |||||||||
- | - | - | 189 | 0 | 0 | - | - | - | - |