CASH FLOWS PROVIDED BY OPERATING ACTIVITIES: | |
Net income | |
Adjustments to reconcile net income to net cash provided by operating activities: | |
Depreciation and amortization | 3.12M |
Provision for losses on accounts receivable | |
Loss on sale of equipment | -2K |
Deferred and stock-based compensation | 924K |
Deferred income taxes | 1.47M |
Changes in operating assets and liabilities: | |
Accounts receivable | -5.03M |
Inventories | -206K |
Prepaid expenses | |
Other assets | -85K |
Accounts payable and accrued expenses | 1.63M |
Net cash provided by operating activities | 6.22M |
CASH FLOWS USED IN INVESTING ACTIVITIES: | |
Purchase of building, equipment and improvements | -3.12M |
Net cash used in investing activities | -3.12M |
CASH FLOWS PROVIDED BY (USED IN) FINANCING ACTIVITIES: | |
Proceeds from line of credit | 0 |
Payments on line of credit | 0 |
Principal payments on long-term debt | |
Purchase of common stock for incentive plans | |
Net proceeds from the exercise of stock options | |
Payment of taxes from traded shares | |
Net cash (used in) provided by financing activities | -1.54M |
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 1.55M |
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD | 5.27M |
CASH AND CASH EQUIVALENTS AT END OF PERIOD | 6.82M |
Cash paid for: | |
Interest | 128K |
Income taxes | 631K |
Supplemental noncash activities: | |
Asset additions and related obligations in payables | 587K |