| Dec'19 | Dec'18 | Dec'17 | Jan'17 | Dec'16 | Dec'15 | Dec'14 |
|---|---|---|---|---|---|---|
Cash Flows from Operating Activities | ||||||
Net Income (Loss) Attributable to Parent | ||||||
-9,068 | 3,699 | 6,487 | 6,684 | 6,684 | 5,028 | 4,464 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||
Goodwill, Impairment Loss | ||||||
6,800 | 0 | 0 | - | - | - | - |
Inventory adjustment | ||||||
1,742 | 0 | 0 | - | - | - | - |
Depreciation and amortization | ||||||
6,863 | 6,630 | 6,320 | 5,501 | 5,501 | 3,903 | 3,524 |
Amortization of debt issuance costs | ||||||
177 | 147 | 149 | 127 | 127 | 269 | 313 |
Loss (gain) on sale of assets | ||||||
-68 | 138 | -63 | 126 | 126 | -48 | -25 |
Loss on extinguishment of debt | ||||||
0 | -59 | 0 | -60 | -60 | -386 | 0 |
Bad debt adjustment | ||||||
243 | 13 | 128 | -274 | -274 | -36 | 407 |
Loss (gain) on derivative instruments | ||||||
-578 | -452 | 228 | -22 | -22 | 39 | -55 |
Stock option expense | ||||||
130 | 131 | 150 | 166 | 166 | 205 | 34 |
Excess tax benefits from stock based compensation | ||||||
- | - | - | - | - | - | 0 |
Deferred income taxes | ||||||
-1,132 | -291 | -1,553 | -1,165 | -1,165 | -496 | -1,173 |
Changes in operating assets and liabilities that provided (used) cash: | ||||||
Accounts receivable | ||||||
-5,888 | 3,641 | 444 | 3,987 | 3,987 | 694 | 1,820 |
Inventory | ||||||
-2,584 | -45 | -402 | -339 | -339 | 2,981 | 1,798 |
Prepaid expenses and other assets | ||||||
570 | -1,212 | 1,766 | 1,291 | 1,291 | -6 | -914 |
Accounts payable | ||||||
-1,104 | 1,008 | -1,706 | 1,329 | 1,329 | -158 | 1,893 |
Accrued and other liabilities | ||||||
-1,138 | 104 | -194 | 375 | 375 | -359 | 285 |
Net cash provided by operating activities | ||||||
12,021 | 9,430 | 7,808 | 7,761 | 7,761 | 5,080 | 7,128 |
Cash Flows from Investing Activities | ||||||
Purchases of property and equipment | ||||||
2,759 | 5,393 | 4,140 | 3,362 | 3,362 | 3,565 | 3,885 |
Proceeds from sale of property and equipment | ||||||
119 | 904 | 52 | 2,187 | 2,187 | 73 | 17 |
Acquisition of Intasco, net of cash acquired | ||||||
- | - | - | 21,030 | - | - | - |
Working capital adjustment from acquisition of Intasco | ||||||
- | - | - | 212 | - | - | - |
Net cash used in investing activities | ||||||
-2,640 | -4,489 | -4,088 | -21,992 | -21,992 | -15,439 | -6,010 |
Cash Flows from Financing Activities | ||||||
Net change in bank overdraft | ||||||
-1,036 | -1,251 | -38 | 548 | 548 | 660 | 311 |
Proceeds from debt | ||||||
1,300 | 10,132 | 0 | 32,000 | 32,000 | 0 | - |
Payments on term loans | ||||||
3,350 | 2,963 | 3,375 | 2,444 | 2,444 | 15,151 | 2,022 |
(Repayments on) proceeds from revolving credit facilities, net | ||||||
6,565 | 4,422 | - | - | - | - | - |
(Repayments on) proceeds from revolving credit facilities, net | ||||||
- | - | 6,231 | - | - | - | - |
Payments on (proceeds from) revolving credit facilities, net | ||||||
- | - | - | 5,690 | 5,690 | 5,834 | 1,216 |
Debt issuance costs | ||||||
0 | 634 | 0 | 514 | 514 | 0 | 13 |
Pay-off of old senior credit facility term debt | ||||||
- | - | - | 15,375 | 15,375 | 0 | - |
Expenses of in process equity offering | ||||||
- | - | - | - | - | - | 575 |
Post acquisition payments for Unique Fabricating | ||||||
- | - | - | - | 0 | 755 | 168 |
Proceeds from the issuance of common stock pursuant to initial public offering | ||||||
- | - | - | - | 0 | 25,673 | 0 |
Payment of initial public offering costs | ||||||
- | - | - | - | 0 | 3,452 | 0 |
Proceeds from exercise of stock options and warrants | ||||||
0 | 38 | 37 | 115 | 115 | 397 | 0 |
Excess tax benefits from stock based compensation | ||||||
- | - | - | - | - | - | 0 |
Distribution of cash dividends | ||||||
490 | 5,862 | 5,850 | 5,811 | 5,811 | 2,877 | 0 |
Net cash used in financing activities | ||||||
-10,141 | -4,962 | -2,995 | 14,209 | 14,209 | 10,329 | -1,252 |
Net (Decrease) increase in Cash and Cash Equivalents | ||||||
-760 | -21 | 725 | - | - | - | - |
Net decrease in cash and cash equivalents | ||||||
- | - | - | -21 | -21 | -29 | -135 |
Supplemental Disclosure of Cash Flow Information – Cash paid for | ||||||
Interest | ||||||
4,104 | 3,575 | 2,567 | - | - | - | - |
Interest | ||||||
- | - | - | 1,552 | 1,552 | 2,588 | 3,482 |
Income taxes | ||||||
438 | 1,339 | 2,232 | 3,750 | 3,750 | 2,619 | 2,466 |
Common stock issued for purchase of Intasco USA, Inc. | ||||||
- | - | - | 890 | 890 | 0 | 500 |
Accretion on redeemable common stock | ||||||
- | - | - | - | 0 | 1,364 | 1,852 |