Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements Of Cash Flows

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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash Flows From Operating Activities:    
Net income (loss) $ (2,707) $ 3,093
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation of property and equipment 2,265 2,242
Amortization of intangible assets 1,537 1,777
Amortization of debt issuance costs 154 132
(Gain) loss on disposition of assets (1) 49
Noncash lease expense 364 333
Stock-based compensation 1,229 1,568
Deferred income taxes (1,081) 50
Changes in operating assets and liabilities:    
Accounts receivable 17,662 3,291
Inventories 969 (8,150)
Prepaid and other assets (149) (105)
Accounts payable and accrued liabilities (5,569) 5,973
Income taxes (231) (581)
Net cash provided by (used in) operating activities 14,442 9,672
Cash Flows From Investing Activities:    
Proceeds from disposition of property and equipment 3 1
Purchase of property and equipment (2,021) (1,994)
Net cash provided by (used in) investing activities (2,018) (1,993)
Cash Flows From Financing Activities:    
Proceeds from revolving credit facilities 21,089 75,854
Repayments on revolving credit facilities (33,264) (81,266)
Repayments of financing and capital leases   (31)
Proceeds from issuance of long-term debt 20,000  
Payment of debt issuance costs (44) (557)
Purchase of treasury stock (137) (1,505)
Proceeds from exercise of stock options 497 804
Cash dividends paid (744) (1,494)
Net cash provided by (used in) financing activities 7,397 (8,195)
Effect of foreign exchange rates on cash 14 (1)
Change in cash 19,835 (517)
Cash, beginning of period 1,703 2,486
Cash, end of period 21,538 1,969
Supplemental Disclosure of Cash Flow Information:    
Cash paid (received) for income taxes 266 103
Cash paid for interest 478 498
Supplemental Disclosures of Non-Cash Investing and Financing Activities:    
Property and equipment purchased with accounts payable 456 180
Lease liabilities arising from obtaining right of use assets 80 $ 1,855
Stock dividends $ 714