Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands |
3 Months Ended |
Jan. 31, 2016 |
Jan. 31, 2015 |
| CASH FLOWS FROM OPERATING ACTIVITIES: |
|
|
| Net income |
$ 7,895
|
$ 476
|
| Adjustments to reconcile net income to net cash used in operating activities: |
|
|
| Depreciation and amortization |
7,365
|
9,014
|
| Change in LIFO reserve |
(4,438)
|
(9,362)
|
| Amortization of debt fees |
239
|
238
|
| Provision for losses on accounts receivable and inventories |
64
|
123
|
| Change in deferred income taxes |
(866)
|
17
|
| Share-based compensation expense |
1,876
|
1,326
|
| Other |
94
|
101
|
| Changes in operating assets and liabilities: |
|
|
| Decrease in accounts receivable |
11,009
|
15,769
|
| (Increase) decrease in inventories |
(470)
|
3,436
|
| (Increase) decrease in other current assets |
(1,534)
|
358
|
| (Increase) decrease in other assets |
(65)
|
15
|
| Decrease in accounts payable |
(17,238)
|
(4,675)
|
| Decrease in accrued expenses |
(5,260)
|
(2,078)
|
| Increase in other long-term liabilities |
14
|
6
|
| Net cash (used in) provided by operating activities |
(1,315)
|
14,764
|
| CASH FLOWS FROM INVESTING ACTIVITIES: |
|
|
| Capital expenditures |
(4,068)
|
(2,952)
|
| Net proceeds from dispositions of property, plant and equipment |
1
|
|
| Net cash used in investing activities |
(4,067)
|
(2,952)
|
| CASH FLOWS FROM FINANCING ACTIVITIES: |
|
|
| Net repayments on credit facility |
|
(10,410)
|
| Repayments of Pennsylvania industrial loan |
(22)
|
(21)
|
| Principal payments on capital lease obligations |
(537)
|
(646)
|
| Principal payments on mortgage loan note |
(33)
|
(32)
|
| Fees paid and capitalized related to amended credit facility |
(450)
|
|
| Proceeds from exercise of stock options |
68
|
38
|
| Payments of withholding taxes on performance units |
(1,945)
|
(713)
|
| Net cash used in financing activities |
(2,919)
|
(11,784)
|
| EFFECTS OF EXCHANGE RATE CHANGES ON CASH |
(188)
|
(338)
|
| Net decrease in cash |
(8,489)
|
(310)
|
| CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD |
20,167
|
867
|
| CASH AND CASH EQUIVALENTS AT END OF PERIOD |
11,678
|
557
|
| SUPPLEMENTAL CASH FLOW DISCLOSURE: |
|
|
| Cash paid during the period for interest |
128
|
496
|
| Cash paid during the period for income taxes |
3,320
|
$ 325
|
| Cash dividend declared |
$ 1,277
|
|