v3.24.1.u1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 12 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Dec. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income (loss) $ 2,550 $ (398)  
Adjustments to reconcile net income to net cash provided by (used in) operating activities:      
Depreciation and amortization 2,506 2,812  
Amortization of debt issuance costs 213 213  
Noncash lease expense 669 0  
Provision for bad debts 410 (194)  
Loss on disposal of assets 17 185  
Gain on sale of business 0 (1,341)  
Stock compensation expense 339 347  
Change in assets and liabilities:      
Receivables 5,977 21,871  
Contract receivables 927 0  
Inventories 4,072 5,111  
Other current assets (2,676) (1,552)  
Other assets (17) 775  
Accounts payable 2,760 (4,390)  
Accrued and other liabilities (133) (2,594)  
Income taxes 715 (41)  
Contract liabilities (927) 0  
Net cash provided by operating activities 17,402 20,804  
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchase of fixed assets (280) (431)  
Proceeds from sales of fixed assets 8 0  
Proceeds from sale of business 0 17,300  
Net cash (used in) provided by investing activities (272) 16,869  
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from revolving credit facility 1,750 4,213  
Repayments on revolving credit facility (15,500) (21,000)  
Repayments on term loan (3,642) (20,526)  
Proceeds from stock options 0 8  
Dividends paid on common stock (1,149) (1,141)  
Net cash used in financing activities (18,541) (38,446)  
DECREASE IN CASH AND CASH EQUIVALENTS (1,411) (773)  
CASH AND CASH EQUIVALENTS:      
BEGINNING OF PERIOD 4,470 5,719 $ 5,719
END OF PERIOD $ 3,059 $ 4,946 $ 4,470

Source

PDF HTML
ZIP XLS XBRL