Annual report pursuant to Section 13 and 15(d)

Consolidated Statements Of Cash Flows

v2.4.0.8
Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
 12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Cash Flows From Operating Activities:      
Net (loss) income $ (5,870) $ 1,952 $ 4,892
Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities:      
Depreciation of property and equipment 4,696 3,685 3,351
Amortization of intangible assets 3,583 2,268 1,331
Accretion of notes payable 1,162 1,025 993
Loss on disposition of assets 59 39 213
Stock-based compensation 3,010 1,766 3,091
Excess tax benefit from stock-based compensation 64 33  
Deferred income taxes (1,911) (2,573) (2,655)
Changes in operating assets and liabilities, net of acquisitions:      
Accounts receivable (8,903) (4,976) (2,317)
Inventories 7,430 (2,391) (11,582)
Prepaid and other current assets (312) (2,782) 1,125
Accounts payable and accrued liabilities 4,463 (1,487) (3,509)
Net cash provided by (used in) operating activities 7,471 (3,441) (5,067)
Cash Flows From Investing Activities:      
Purchase of businesses, net of cash received   (50,327)  
Purchase of intangible assets (750)    
Proceeds from disposition of property and equipment 38 31 30
Purchase of property and equipment (4,364) (5,496) (2,784)
Net cash used in investing activities (5,076) (55,792) (2,754)
Cash Flows From Financing Activities:      
Net (repayments of) proceeds from revolving lines of credit (12,771) (1,497) 7,621
Repayments of long-term debt (1,158) (1,585) (361)
Proceeds from issuance of long-term debt 10,216    
Proceeds from exercise of stock options 1,188 2,761 150
Proceeds from the sale of common stock, net   62,562  
Net cash (used in) provided by financing activities (2,525) 62,241 7,410
Effect of foreign exchange rates on cash (503) (297) 44
Change in cash (633) 2,711 (367)
Cash, beginning of period 5,111 2,400 2,767
Cash, end of period 4,478 5,111 2,400
Supplemental Disclosure of Cash Flow Information:      
Cash (received) paid for income taxes (301) 881 (46)
Cash paid for interest 2,320 1,834 1,853
Supplemental Disclosures of Non-Cash Investing and Financing Activities:      
Stock issued for acquisitions   3,791  
Property and equipment purchased with accounts payable $ 185