| Dec'19 | 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 income | ||||||||||
19,750 | 14,311 | 9,210 | 7,970 | 7,593 | 7,559 | 11,276 | - | - | - | - |
Net income from consolidated operations | ||||||||||
- | - | - | - | - | - | - | 10,895 | 10,784 | 9,407 | 5,981 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||
Depreciation and amortization | ||||||||||
8,172 | 7,831 | 5,635 | 5,634 | 4,846 | 4,376 | 4,084 | 2,928 | 2,781 | 3,152 | 2,895 |
(Gain) loss on sales of property, plant and equipment | ||||||||||
- | 47 | -7 | -2 | -27 | -5 | -11 | 12 | - | - | - |
Gain on sale of fixed assets | ||||||||||
- | - | - | - | - | - | - | - | 838 | 12 | 11 |
Gain on acquisitions | ||||||||||
- | - | - | - | - | - | - | - | - | - | 839 |
Share-based compensation | ||||||||||
1,591 | 1,212 | 1,068 | 1,056 | 1,069 | 1,119 | 924 | 860 | 1,089 | 963 | 900 |
Stock issued in lieu of compensation | ||||||||||
- | - | - | - | - | - | - | - | 55 | 79 | 183 |
Deferred income taxes | ||||||||||
792 | 1,881 | -1,019 | 576 | 437 | 1,232 | 740 | 610 | 452 | 305 | 226 |
Excess tax benefits on share-based compensation | ||||||||||
- | - | - | 145 | 356 | 1,219 | 818 | 832 | 700 | 854 | 23 |
Changes in operating assets and liabilities: | ||||||||||
Receivables, net | ||||||||||
327 | 2,556 | 132 | - | - | - | - | - | - | - | - |
Receivables, net | ||||||||||
- | - | - | 3,768 | 1,011 | -562 | -804 | 842 | 985 | 415 | 341 |
Inventories | ||||||||||
-1,300 | 2,295 | -1,288 | -51 | 1,309 | 1,845 | 1,353 | -801 | 1,714 | 396 | -1,863 |
Prepaid expenses | ||||||||||
98 | 249 | -446 | 1,351 | 266 | -26 | 36 | 65 | -476 | 558 | -72 |
Refundable income taxes | ||||||||||
-2,006 | 1,268 | 210 | -209 | -2,677 | 436 | -994 | 695 | -327 | 1,414 | - |
Other assets | ||||||||||
-110 | 76 | 228 | 97 | -325 | 146 | 368 | 203 | 66 | 205 | 509 |
Accounts payable | ||||||||||
-2,472 | 1,113 | 93 | -683 | -1,379 | 2,317 | -1,007 | 384 | 507 | 160 | 384 |
Accrued expenses | ||||||||||
25 | 1,472 | 974 | -567 | -163 | -2,243 | 1,272 | 2,143 | -440 | 1,380 | -307 |
Deferred revenue | ||||||||||
67 | 35 | 91 | 206 | - | - | - | - | - | - | - |
Non-qualified deferred compensation plan and other liabilities | ||||||||||
313 | -44 | 246 | 213 | 29 | -181 | -417 | - | - | - | - |
Retirement and other liabilities | ||||||||||
- | - | - | - | - | - | - | 190 | -12 | 234 | 204 |
Net cash provided by operating activities | ||||||||||
- | - | - | - | - | 11,126 | 16,106 | 16,162 | 11,716 | 11,827 | 10,681 |
Net cash provided by operating activities | ||||||||||
31,229 | 21,320 | 17,469 | 9,306 | 12,519 | - | - | - | - | - | - |
Cash flows from investing activities: | ||||||||||
Additions to property, plant, and equipment | ||||||||||
5,778 | 5,428 | 10,382 | 7,206 | 15,742 | 13,436 | 5,830 | 11,994 | 3,741 | 3,285 | 1,856 |
Holdback payment related to the acquisition of Packaging Alternatives Corporation (PAC) | ||||||||||
- | - | - | - | - | - | 600 | - | - | - | - |
Redemption of cash value life insurance | ||||||||||
- | - | - | - | - | - | 37 | - | - | - | - |
Acquisition of Foamade Industries, Inc.'s assets | ||||||||||
- | - | - | - | - | - | - | - | - | - | 375 |
Acquisition of Dieletrics, net of cash acquired | ||||||||||
- | 76,978 | - | - | - | - | - | 3,596 | - | - | 1,440 |
Acquisition of Advanced Materials Group assets | ||||||||||
- | - | - | - | - | - | - | - | - | - | 620 |
Proceeds from sale of fixed assets | ||||||||||
4 | 77 | 7 | 14 | 53 | 112 | 1 | 86 | 1,223 | 12 | 13 |
Net cash used in investing activities | ||||||||||
- | - | - | - | - | -13,324 | -6,392 | -15,504 | -2,518 | -3,273 | -4,279 |
Net cash used in investing activities | ||||||||||
-5,774 | -82,329 | -10,375 | -7,192 | -15,689 | - | - | - | - | - | - |
Cash flows from financing activities: | ||||||||||
Proceeds from advances on revolving line of credit | ||||||||||
- | 36,000 | - | - | - | - | - | - | - | - | - |
Payments on revolving line of credit | ||||||||||
8,000 | 28,000 | - | - | - | - | - | - | - | - | - |
Repurchases of common stock | ||||||||||
- | - | - | - | 587 | 0 | - | - | - | - | - |
Payment of contingent note payable | ||||||||||
- | - | - | - | - | 800 | - | - | - | - | - |
Proceeds from the issuance of long-term debt | ||||||||||
- | 20,000 | - | - | - | - | 580 | 4,384 | - | - | 4,000 |
Principal repayment of long-term debt | ||||||||||
17,143 | 2,857 | 856 | 1,014 | 996 | 977 | 6,601 | 740 | 1,282 | 623 | 576 |
Proceeds from exercise of stock options | ||||||||||
705 | 1,270 | 677 | 529 | 358 | 336 | 191 | 365 | 251 | - | - |
Principal repayment of obligations under capital leases | ||||||||||
- | - | - | - | - | - | - | - | - | - | 1,612 |
Payment of statutory withholdings for restricted stock units vested | ||||||||||
512 | 144 | 296 | 219 | 209 | 831 | 879 | 672 | 830 | 485 | - |
Distribution to United Development Company Partners (non-controlling interest) | ||||||||||
- | - | - | - | - | - | - | 1,196 | 290 | 105 | 105 |
Proceeds from exercise of stock options, net of attestation | ||||||||||
- | - | - | - | - | - | - | - | - | 507 | 130 |
Excess tax benefits on share-based compensation | ||||||||||
- | - | - | 145 | 356 | 1,219 | 818 | 832 | 700 | 854 | 23 |
Net cash used in financing activities | ||||||||||
- | - | - | - | - | -1,053 | -5,891 | 2,973 | -1,451 | 147 | 1,859 |
Net increase (decrease) in cash and cash equivalents | ||||||||||
- | - | - | - | - | -3,251 | 3,823 | 3,631 | 7,747 | 8,701 | 8,261 |
Net cash used in financing activities | ||||||||||
-24,950 | 26,269 | -475 | -559 | -1,078 | - | - | - | - | - | - |
Net increase (decrease) in cash and cash equivalents | ||||||||||
505 | -34,740 | 6,619 | 1,555 | -4,248 | - | - | - | - | - | - |