CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands |
9 Months Ended |
Sep. 30, 2016 |
Sep. 30, 2015 |
| Cash flows from operating activities: |
|
|
| Net income (loss) |
$ (396)
|
$ 959
|
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: |
|
|
| Depreciation and amortization |
8,056
|
7,221
|
| Loss on sale or disposal of Property, equipment and leasehold improvements |
16
|
318
|
| Deferred income taxes |
174
|
217
|
| Stock-based compensation |
642
|
880
|
| Excess tax benefit from employee stock plans |
0
|
(50)
|
| Other |
13
|
(227)
|
| Changes in operating assets and liabilities: |
|
|
| Accounts receivable, net |
(4,816)
|
(6,978)
|
| Inventories |
(2,902)
|
1,375
|
| Other current assets |
410
|
581
|
| Accounts payable and other accrued expenses |
736
|
2,893
|
| Accrued salaries, wages and payroll taxes |
389
|
661
|
| Refundable deposits |
545
|
452
|
| Net cash provided by operating activities |
2,867
|
8,302
|
| Cash flows from investing activities: |
|
|
| Expenditures for Property, equipment and leasehold improvements |
(12,206)
|
(9,772)
|
| Proceeds from sale of Property, equipment and leasehold improvements |
8
|
410
|
| Expenditures for long-term deposits |
(925)
|
0
|
| Net cash used in investing activities |
(13,123)
|
(9,362)
|
| Cash flows from financing activities: |
|
|
| Principal payments on debt and capital lease obligations |
(477)
|
(968)
|
| Net borrowings under revolving line of credit |
10,138
|
2,900
|
| Proceeds from issuances of common stock |
172
|
64
|
| Tax payments related to stock-based awards |
(78)
|
(151)
|
| Excess tax benefit from employee stock plans |
0
|
50
|
| Net cash provided by financing activities |
9,755
|
1,895
|
| Increase (decrease) in Cash and cash equivalents |
(501)
|
835
|
| Cash and cash equivalents: |
|
|
| Beginning of period |
911
|
981
|
| End of period |
410
|
1,816
|
| Supplemental disclosure of cash flow information: |
|
|
| Cash paid for interest |
489
|
482
|
| Cash paid for income taxes, net |
102
|
58
|
| Supplemental disclosure of non-cash information: |
|
|
| Purchases of Property, equipment and leasehold improvements with capital leases |
1,173
|
0
|
| Purchases of Property, equipment and leasehold improvements included in Accounts payable at end of period |
$ 1,685
|
$ 1,917
|