Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows

v2.4.0.6
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
 3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Operating activities    
Net loss $ (4,268) $ (800)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 2,001 2,047
Amortization of deferred financing costs 159 131
Amortization of debt discount 45 17
Stock-based compensation 365 265
Provision for losses on accounts receivable 113 312
Deferred income taxes 1,444 1,261
Changes in operating assets and liabilities:    
Accounts receivable 26,290 27,758
Inventories (22,736) (16,648)
Prepaid and other assets and prepaid income taxes (4,312) (843)
Accounts payable (1,649) 2,246
Accrued expenses and other current liabilities (7,856) (3,514)
Deferred compensation (157) (120)
Benefit obligations and other long-term liabilities 532 (347)
Net cash provided by (used in) operating activities (10,029) 11,765
Investing activities    
Capital expenditures (437) (267)
Proceeds from sale of equipment 77 47
Net cash used in investing activities (360) (220)
Financing activities    
Proceeds from exercise of stock options   626
Collection of stockholders' notes receivable   37
Payments of financing costs   (51)
Dividends paid (4,543) (12,459)
Repayment of long-term debt (10,288) (313)
Net cash used in financing activities (14,831) (12,160)
Change in cash and cash equivalents (25,220) (615)
Cash and cash equivalents at beginning of period 39,432 20,149
Cash and cash equivalents at end of period $ 14,212 $ 19,534