Annual report pursuant to Section 13 and 15(d)

Consolidated Statements Of Cash Flows

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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash Flows From Operating Activities:      
Net income (loss) $ 18,972 $ 7,301 $ (673)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Depreciation of property and equipment 4,550 4,423 2,883
Amortization of intangible assets 3,552 3,873 2,376
Accretion of notes payable     833
Amortization of debt issuance costs 283 436 28
(Gain) loss on disposition of assets 62 15 109
Noncash lease expense 728    
(Gain) loss from removal of accumulated translation adjustment   199 (202)
Stock-based compensation 2,949 2,652 1,181
Deferred income taxes (8,995) (1,098) (5,476)
Changes in operating assets and liabilities:      
Accounts receivable (6,163) (766) (8,673)
Inventories (9,145) (7,203) 1,360
Prepaid and other assets 856 (827) (1,427)
Accounts payable and accrued liabilities 2,130 2,524 (137)
Income taxes (257) (136) (579)
Other     (523)
Net cash provided by (used in) operating activities 9,522 11,393 (8,920)
Cash Flows From Investing Activities:      
Purchase of businesses, net of cash received   (720) (79,238)
Proceeds from disposition of property and equipment 20 6 53
Purchase of property and equipment (4,116) (3,365) (2,847)
Net cash provided by (used in) investing activities (4,096) (4,079) (82,032)
Cash Flows From Financing Activities:      
Proceeds from revolving credit facilities 132,215 153,556 55,778
Repayments on revolving credit facilities (131,607) (152,336) (34,936)
Repayments of financing and capital leases (31) (39) (22,727)
Payment of debt issuance costs (709) (1,032) (334)
Purchase of treasury stock (4,167) (5,687) (17)
Proceeds from exercise of stock options 1,000 467 179
Cash dividends paid (2,987) (1,488)  
Net cash provided by (used in) financing activities (6,286) (6,559) (2,057)
Effect of foreign exchange rates on cash 77 (125) 127
Change in cash (783) 630 (92,882)
Cash, beginning of period 2,486 1,856 94,738
Cash, end of period 1,703 2,486 1,856
Supplemental Disclosure of Cash Flow Information:      
Cash paid (received) for income taxes 209 418 931
Cash paid for interest 1,086 950 598
Supplemental Disclosures of Non-Cash Investing and Financing Activities:      
Property and equipment purchased with accounts payable 408 219 $ 140
Property and equipment acquired through a capital lease   $ 123  
Lease liabilities arising from obtaining right of use assets $ 1,889