v3.20.1
Unaudited Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities:    
Net income $ 3,332 $ 6,603
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 6,475 7,430
Deferred taxes 1,592 (564)
Stock-based compensation 897 1,640
Loss on sale of a business entity and certain assets 7,536 0
Gain on sale of property and equipment (1,127) 0
Earn-out obligation adjustment (301) 0
Changes in operating assets and liabilities, net of impact of acquisitions:    
Receivables (163) 2,667
Unbilled receivables (2,041) (3,195)
Inventories (8,255) (7,798)
Other current assets and noncurrent assets 2,777 (6,692)
Accounts payable and deferred compensation 395 2,653
Accrued expenses and other current and noncurrent liabilities (4,961) (1,675)
Net cash provided by operating activities 6,758 1,069
Cash flows from investing activities:    
Purchases of property and equipment (724) (601)
Proceeds from the sale of property and equipment 2,424 3
Proceeds from the sale of a business entity and certain assets 21,127 0
Cash paid for acquisitions, net of cash acquired 0 (112,660)
Net cash provided by (used in) investing activities 22,827 (113,258)
Cash flows from financing activities:    
Borrowings on loan agreement 131,148 194,598
Repayments on loan agreement (127,692) (80,183)
Earn-out obligation payments (31,701) 0
Payments of taxes for equity transactions (543) (687)
Dividends paid (988) (872)
Net cash (used in) provided by financing activities (29,776) 112,856
Net increase in cash and cash equivalents (191) 667
Cash and cash equivalents at beginning of period 734 162
Cash and cash equivalents at end of period 543 $ 829
Supplemental Cash Flow Information [Abstract]    
Note receivable from sale of certain assets of a business entity $ 7,461,000  

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