v2.4.0.6
CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net earnings $ 3,125 $ 4,055
Adjustments to reconcile net earnings to net cash provided by operating activities -    
Depreciation 953 800
Amortization 85 94
Bad debt expense 36 78
Deferred income taxes (428) (442)
Net gains on remeasurement of contingent consideration 0 (518)
Net foreign currency transaction losses (gains) 124 (51)
Stock-based compensation 316 299
Pension expense 825 989
Net losses (gains) on disposal of property, plant and equipment 3 (3)
Increase in cash surrender value of life insurance (135) (135)
Changes in operating assets and liabilities, net of effects from acquisitions -    
Accounts receivable (7,272) (10,554)
Inventories 11,750 11,351
Prepaids and other assets 1,716 315
Accounts payable (4,742) (7,021)
Accrued liabilities and other (4,341) (1,155)
Accrued income taxes 1,669 2,233
Net cash provided by operating activities 3,684 335
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from maturities of marketable securities 2,819 431
Proceeds from the sale of property, plant and equipment 3 0
Purchase of property, plant and equipment (564) (891)
Net cash provided by (used for) investing activities 2,258 (460)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Cash dividends paid 0 (1,748)
Shares purchased and retired (4,099) (133)
Proceeds from stock options exercised 2,499 136
Payment of contingent consideration (1,270) 0
Proceeds from bank borrowings 2,000 2,000
Repayments of bank borrowings (9,000) 0
Income tax benefits from stock-based compensation 411 22
Net cash (used for) provided by financing activities (9,459) 277
Effect of exchange rate changes on cash and cash equivalents 11 62
Net (decrease) increase in cash and cash equivalents (3,506) 214
CASH AND CASH EQUIVALENTS at beginning of period 17,288 10,329
CASH AND CASH EQUIVALENTS at end of period 13,782 10,543
SUPPLEMENTAL CASH FLOW INFORMATION:    
Income taxes paid, net of refunds 560 419
Interest paid $ 123 $ 103