Condensed Financial Statements [Text Block] |
(15) Financial Information About the Parent, the Issuer and the Guarantors
On September 27, 2005, Global (the "Issuer") issued $200 million aggregate principal amount of Senior Notes which have been guaranteed on a senior basis by Interiors (the "Parent"), and other wholly owned domestic subsidiaries of the Issuer and the Parent, including Ethan Allen Retail, Inc., Ethan Allen Operations, Inc., Ethan Allen Realty, LLC, Lake Avenue Associates, Inc. and Manor House, Inc. The subsidiary guarantors (other than the Parent) are collectively called the "Guarantors". The guarantees of the Guarantors are unsecured. All of the guarantees are full, unconditional and joint and several and the Issuer and each of the Guarantors are 100% owned by the Parent. Our other subsidiaries which are not guarantors are called the "Non-Guarantors".
The following tables set forth the condensed consolidating balance sheets as of September 30, 2014 and June 30, 2014, the condensed consolidating statements of operations for the three months ended September 30, 2014 and 2013, and the condensed consolidating statements of cash flows for the three months ended September 30, 2014 and 2013 of the Parent, the Issuer, the Guarantors and the Non-Guarantors.
ETHAN ALLEN INTERIORS INC. AND SUBSIDIARIES
Notes to Consolidated Financial Statements (Unaudited)
CONDENSED CONSOLIDATING BALANCE SHEET
|
(In thousands)
|
September 30, 2014
|
|
|
Parent
|
|
|
Issuer
|
|
|
Guarantors
|
|
|
Non-Guarantors
|
|
|
Eliminations
|
|
|
Consolidated
|
|
Assets
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current assets:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents
|
|
$
|
-
|
|
|
$
|
102,897
|
|
|
$
|
7,517
|
|
|
$
|
3,894
|
|
|
$
|
-
|
|
|
$
|
114,308
|
|
Marketable securities
|
|
|
-
|
|
|
|
12,878
|
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
12,878
|
|
Accounts receivable, net
|
|
|
-
|
|
|
|
14,347
|
|
|
|
304
|
|
|
|
-
|
|
|
|
-
|
|
|
|
14,651
|
|
Inventories
|
|
|
-
|
|
|
|
-
|
|
|
|
183,490
|
|
|
|
5,632
|
|
|
|
(31,603
|
)
|
|
|
157,519
|
|
Prepaid expenses and other current assets
|
|
|
-
|
|
|
|
8,407
|
|
|
|
14,087
|
|
|
|
1,950
|
|
|
|
-
|
|
|
|
24,444
|
|
Intercompany receivables
|
|
|
-
|
|
|
|
846,615
|
|
|
|
325,820
|
|
|
|
(3,331
|
)
|
|
|
(1,169,104
|
)
|
|
|
-
|
|
Total current assets
|
|
|
-
|
|
|
|
985,144
|
|
|
|
531,218
|
|
|
|
8,145
|
|
|
|
(1,200,707
|
)
|
|
|
323,800
|
|
Property, plant and equipment, net
|
|
|
-
|
|
|
|
8,670
|
|
|
|
260,863
|
|
|
|
16,344
|
|
|
|
-
|
|
|
|
285,877
|
|
Goodwill and other intangible assets
|
|
|
-
|
|
|
|
37,905
|
|
|
|
7,223
|
|
|
|
-
|
|
|
|
-
|
|
|
|
45,128
|
|
Restricted cash and investments
|
|
|
-
|
|
|
|
8,007
|
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
8,007
|
|
Other assets
|
|
|
-
|
|
|
|
4,990
|
|
|
|
1,705
|
|
|
|
672
|
|
|
|
-
|
|
|
|
7,367
|
|
Investment in affiliated companies
|
|
|
742,283
|
|
|
|
(105,855
|
)
|
|
|
-
|
|
|
|
-
|
|
|
|
(636,428
|
)
|
|
|
-
|
|
Total assets
|
|
$
|
742,283
|
|
|
$
|
938,861
|
|
|
$
|
801,009
|
|
|
$
|
25,161
|
|
|
$
|
(1,837,135
|
)
|
|
$
|
670,179
|
|
Liabilities and Shareholders’ Equity
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current liabilities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current maturities of long-term debt
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
560
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
560
|
|
Customer deposits
|
|
|
-
|
|
|
|
-
|
|
|
|
62,888
|
|
|
|
3,139
|
|
|
|
-
|
|
|
|
66,027
|
|
Accounts payable
|
|
|
-
|
|
|
|
3,805
|
|
|
|
16,006
|
|
|
|
240
|
|
|
|
-
|
|
|
|
20,051
|
|
Accrued expenses and other current liabilities
|
|
|
3,604
|
|
|
|
36,962
|
|
|
|
15,591
|
|
|
|
1,781
|
|
|
|
-
|
|
|
|
57,938
|
|
Intercompany payables
|
|
|
363,464
|
|
|
|
(8,804
|
)
|
|
|
783,438
|
|
|
|
31,006
|
|
|
|
(1,169,104
|
)
|
|
|
-
|
|
Total current liabilities
|
|
|
367,068
|
|
|
|
31,963
|
|
|
|
878,483
|
|
|
|
36,166
|
|
|
|
(1,169,104
|
)
|
|
|
144,576
|
|
Long-term debt
|
|
|
-
|
|
|
|
129,281
|
|
|
|
1,295
|
|
|
|
-
|
|
|
|
-
|
|
|
|
130,576
|
|
Other long-term liabilities
|
|
|
-
|
|
|
|
3,152
|
|
|
|
16,185
|
|
|
|
475
|
|
|
|
-
|
|
|
|
19,812
|
|
Total liabilities
|
|
|
367,068
|
|
|
|
164,396
|
|
|
|
895,963
|
|
|
|
36,641
|
|
|
|
(1,169,104
|
)
|
|
|
294,964
|
|
Shareholders’ equity
|
|
|
375,215
|
|
|
|
774,465
|
|
|
|
(94,954
|
)
|
|
|
(11,480
|
)
|
|
|
(668,031
|
)
|
|
|
375,215
|
|
Total liabilities and shareholders’ equity
|
|
$
|
742,283
|
|
|
$
|
938,861
|
|
|
$
|
801,009
|
|
|
$
|
25,161
|
|
|
$
|
(1,837,135
|
)
|
|
$
|
670,179
|
|
ETHAN ALLEN INTERIORS INC. AND SUBSIDIARIES
Notes to Consolidated Financial Statements (Unaudited)
CONDENSED CONSOLIDATING BALANCE SHEET
|
(In thousands)
|
June 30, 2014
|
|
|
Parent
|
|
|
Issuer
|
|
|
Guarantors
|
|
|
Non-Guarantors
|
|
|
Eliminations
|
|
|
Consolidated
|
|
Assets
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current assets:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents
|
|
$
|
-
|
|
|
$
|
95,567
|
|
|
$
|
10,347
|
|
|
$
|
3,262
|
|
|
$
|
-
|
|
|
$
|
109,176
|
|
Marketable securities
|
|
|
-
|
|
|
|
18,153
|
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
18,153
|
|
Accounts receivable, net
|
|
|
-
|
|
|
|
12,118
|
|
|
|
308
|
|
|
|
-
|
|
|
|
-
|
|
|
|
12,426
|
|
Inventories
|
|
|
-
|
|
|
|
-
|
|
|
|
168,996
|
|
|
|
6,141
|
|
|
|
(28,862
|
)
|
|
|
146,275
|
|
Prepaid expenses and other current assets
|
|
|
-
|
|
|
|
6,954
|
|
|
|
10,800
|
|
|
|
1,845
|
|
|
|
-
|
|
|
|
19,599
|
|
Intercompany receivables
|
|
|
-
|
|
|
|
836,086
|
|
|
|
322,382
|
|
|
|
(3,478
|
)
|
|
|
(1,154,990
|
)
|
|
|
-
|
|
Total current assets
|
|
|
-
|
|
|
|
968,878
|
|
|
|
512,833
|
|
|
|
7,770
|
|
|
|
(1,183,852
|
)
|
|
|
305,629
|
|
Property, plant and equipment, net
|
|
|
-
|
|
|
|
8,848
|
|
|
|
262,272
|
|
|
|
17,036
|
|
|
|
-
|
|
|
|
288,156
|
|
Goodwill and other intangible assets
|
|
|
-
|
|
|
|
37,905
|
|
|
|
7,223
|
|
|
|
-
|
|
|
|
-
|
|
|
|
45,128
|
|
Restricted cash and investments
|
|
|
-
|
|
|
|
8,507
|
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
8,507
|
|
Other assets
|
|
|
-
|
|
|
|
4,620
|
|
|
|
1,647
|
|
|
|
747
|
|
|
|
-
|
|
|
|
7,014
|
|
Investment in affiliated companies
|
|
|
731,003
|
|
|
|
(107,050
|
)
|
|
|
-
|
|
|
|
-
|
|
|
|
(623,953
|
)
|
|
|
-
|
|
Total assets
|
|
$
|
731,003
|
|
|
$
|
921,708
|
|
|
$
|
783,975
|
|
|
$
|
25,553
|
|
|
$
|
(1,807,805
|
)
|
|
$
|
654,434
|
|
Liabilities and Shareholders’ Equity
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current liabilities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current maturities of long-term debt
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
501
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
501
|
|
Customer deposits
|
|
|
-
|
|
|
|
-
|
|
|
|
55,810
|
|
|
|
3,874
|
|
|
|
-
|
|
|
|
59,684
|
|
Accounts payable
|
|
|
-
|
|
|
|
6,423
|
|
|
|
17,699
|
|
|
|
198
|
|
|
|
-
|
|
|
|
24,320
|
|
Accrued expenses and other current liabilities
|
|
|
3,013
|
|
|
|
30,656
|
|
|
|
16,292
|
|
|
|
1,581
|
|
|
|
-
|
|
|
|
51,542
|
|
Intercompany payables
|
|
|
360,523
|
|
|
|
(8,468
|
)
|
|
|
773,850
|
|
|
|
29,085
|
|
|
|
(1,154,990
|
)
|
|
|
-
|
|
Total current liabilities
|
|
|
363,536
|
|
|
|
28,611
|
|
|
|
864,152
|
|
|
|
34,738
|
|
|
|
(1,154,990
|
)
|
|
|
136,047
|
|
Long-term debt
|
|
|
-
|
|
|
|
129,255
|
|
|
|
1,156
|
|
|
|
-
|
|
|
|
-
|
|
|
|
130,411
|
|
Other long-term liabilities
|
|
|
-
|
|
|
|
4,241
|
|
|
|
15,763
|
|
|
|
505
|
|
|
|
-
|
|
|
|
20,509
|
|
Total liabilities
|
|
|
363,536
|
|
|
|
162,107
|
|
|
|
881,071
|
|
|
|
35,243
|
|
|
|
(1,154,990
|
)
|
|
|
286,967
|
|
Shareholders’ equity
|
|
|
367,467
|
|
|
|
759,601
|
|
|
|
(97,096
|
)
|
|
|
(9,690
|
)
|
|
|
(652,815
|
)
|
|
|
367,467
|
|
Total liabilities and shareholders’ equity
|
|
$
|
731,003
|
|
|
$
|
921,708
|
|
|
$
|
783,975
|
|
|
$
|
25,553
|
|
|
$
|
(1,807,805
|
)
|
|
$
|
654,434
|
|
ETHAN ALLEN INTERIORS INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS
|
(In thousands)
|
Three months ended September 30, 2014
|
|
|
Parent
|
|
|
Issuer
|
|
|
Guarantors
|
|
|
Non-Guarantors
|
|
|
Eliminations
|
|
|
Consolidated
|
|
Net sales
|
|
$
|
-
|
|
|
$
|
122,465
|
|
|
$
|
200,493
|
|
|
$
|
12,156
|
|
|
$
|
(144,408
|
)
|
|
$
|
190,706
|
|
Cost of sales
|
|
|
-
|
|
|
|
90,984
|
|
|
|
128,634
|
|
|
|
7,952
|
|
|
|
(141,667
|
)
|
|
|
85,903
|
|
Gross profit
|
|
|
-
|
|
|
|
31,481
|
|
|
|
71,859
|
|
|
|
4,204
|
|
|
|
(2,741
|
)
|
|
|
104,803
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Selling, general and administrative expenses
|
|
|
45
|
|
|
|
10,741
|
|
|
|
68,466
|
|
|
|
5,081
|
|
|
|
-
|
|
|
|
84,333
|
|
Operating income (loss)
|
|
|
(45
|
)
|
|
|
20,740
|
|
|
|
3,393
|
|
|
|
(877
|
)
|
|
|
(2,741
|
)
|
|
|
20,470
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest and other income (expense)
|
|
|
11,924
|
|
|
|
1,315
|
|
|
|
(1
|
)
|
|
|
24
|
|
|
|
(13,119
|
)
|
|
|
143
|
|
Interest and other related financing costs
|
|
|
-
|
|
|
|
1,859
|
|
|
|
30
|
|
|
|
-
|
|
|
|
-
|
|
|
|
1,889
|
|
Income (loss) before income taxes
|
|
|
11,879
|
|
|
|
20,196
|
|
|
|
3,362
|
|
|
|
(853
|
)
|
|
|
(15,860
|
)
|
|
|
18,724
|
|
Income tax expense
|
|
|
-
|
|
|
|
5,531
|
|
|
|
1,232
|
|
|
|
82
|
|
|
|
-
|
|
|
|
6,845
|
|
Net income/(loss)
|
|
$
|
11,879
|
|
|
$
|
14,665
|
|
|
$
|
2,130
|
|
|
$
|
(935
|
)
|
|
$
|
(15,860
|
)
|
|
$
|
11,879
|
|
Three months ended September 30, 2013
|
|
|
Parent
|
|
|
Issuer
|
|
|
Guarantors
|
|
|
Non-Guarantors
|
|
|
Eliminations
|
|
|
Consolidated
|
|
Net sales
|
|
$
|
-
|
|
|
$
|
111,523
|
|
|
$
|
194,828
|
|
|
$
|
10,439
|
|
|
$
|
(135,131
|
)
|
|
$
|
181,659
|
|
Cost of sales
|
|
|
-
|
|
|
|
83,933
|
|
|
|
127,155
|
|
|
|
6,857
|
|
|
|
(135,029
|
)
|
|
|
82,916
|
|
Gross profit
|
|
|
-
|
|
|
|
27,590
|
|
|
|
67,673
|
|
|
|
3,582
|
|
|
|
(102
|
)
|
|
|
98,743
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Selling, general and administrative expenses
|
|
|
45
|
|
|
|
9,632
|
|
|
|
68,165
|
|
|
|
4,957
|
|
|
|
-
|
|
|
|
82,799
|
|
Operating income (loss)
|
|
|
(45
|
)
|
|
|
17,958
|
|
|
|
(492
|
)
|
|
|
(1,375
|
)
|
|
|
(102
|
)
|
|
|
15,944
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest and other income (expense)
|
|
|
9,079
|
|
|
|
(1,868
|
)
|
|
|
-
|
|
|
|
(16
|
)
|
|
|
(7,113
|
)
|
|
|
82
|
|
Interest and other related financing costs
|
|
|
-
|
|
|
|
1,851
|
|
|
|
22
|
|
|
|
-
|
|
|
|
-
|
|
|
|
1,873
|
|
Income (loss) before income taxes
|
|
|
9,034
|
|
|
|
14,239
|
|
|
|
(514
|
)
|
|
|
(1,391
|
)
|
|
|
(7,215
|
)
|
|
|
14,153
|
|
Income tax expense
|
|
|
-
|
|
|
|
5,058
|
|
|
|
38
|
|
|
|
23
|
|
|
|
-
|
|
|
|
5,119
|
|
Net income/(loss)
|
|
$
|
9,034
|
|
|
$
|
9,181
|
|
|
$
|
(552
|
)
|
|
$
|
(1,414
|
)
|
|
$
|
(7,215
|
)
|
|
$
|
9,034
|
|
ETHAN ALLEN INTERIORS INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
|
(In thousands)
|
Three months ended September 30, 2014
|
|
|
Parent
|
|
|
Issuer
|
|
|
Guarantors
|
|
|
Non-Guarantors
|
|
|
Eliminations
|
|
|
Consolidated
|
|
Net cash provided by (used in) operating activities
|
|
$
|
2,900
|
|
|
$
|
1,030
|
|
|
$
|
1,892
|
|
|
$
|
986
|
|
|
$
|
-
|
|
|
$
|
6,808
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash flows from investing activities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Capital expenditures
|
|
|
-
|
|
|
|
(276
|
)
|
|
|
(4,933
|
)
|
|
|
(201
|
)
|
|
|
-
|
|
|
|
(5,410
|
)
|
Acquisitions
|
|
|
-
|
|
|
|
-
|
|
|
|
(1,991
|
)
|
|
|
-
|
|
|
|
-
|
|
|
|
(1,991
|
)
|
Proceeds from the disposal of property, plant and equipment
|
|
|
-
|
|
|
|
953
|
|
|
|
2,352
|
|
|
|
-
|
|
|
|
-
|
|
|
|
3,305
|
|
Change in restricted cash and investments
|
|
|
-
|
|
|
|
500
|
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
500
|
|
Sales of marketable securities
|
|
|
-
|
|
|
|
5,075
|
|
|
|
|
|
|
|
-
|
|
|
|
-
|
|
|
|
5,075
|
|
Other
|
|
|
-
|
|
|
|
44
|
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
44
|
|
Net cash provided by (used in) investing activities
|
|
|
-
|
|
|
|
6,296
|
|
|
|
(4,572
|
)
|
|
|
(201
|
)
|
|
|
-
|
|
|
|
1,523
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash flows from financing activities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Payments on long-term debt
|
|
|
-
|
|
|
|
-
|
|
|
|
(150
|
)
|
|
|
-
|
|
|
|
-
|
|
|
|
(150
|
)
|
Dividends paid
|
|
|
(2,900
|
)
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
(2,900
|
)
|
Other
|
|
|
-
|
|
|
|
4
|
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
4
|
|
Net cash provided by (used in) financing activities
|
|
|
(2,900
|
)
|
|
|
4
|
|
|
|
(150
|
)
|
|
|
-
|
|
|
|
-
|
|
|
|
(3,046
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Effect of exchange rate changes on cash
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
(153
|
)
|
|
|
-
|
|
|
|
(153
|
)
|
Net increase (decrease) in cash and cash equivalents
|
|
|
-
|
|
|
|
7,330
|
|
|
|
(2,830
|
)
|
|
|
632
|
|
|
|
-
|
|
|
|
5,132
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents – beginning of period
|
|
|
-
|
|
|
|
95,567
|
|
|
|
10,347
|
|
|
|
3,262
|
|
|
|
-
|
|
|
|
109,176
|
|
Cash and cash equivalents – end of period
|
|
$
|
-
|
|
|
$
|
102,897
|
|
|
$
|
7,517
|
|
|
$
|
3,894
|
|
|
$
|
-
|
|
|
$
|
114,308
|
|
ETHAN ALLEN INTERIORS INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
|
(In thousands)
|
Three months ended September 30, 2013
|
|
|
Parent
|
|
|
Issuer
|
|
|
Guarantors
|
|
|
Non-Guarantors
|
|
|
Eliminations
|
|
|
Consolidated
|
|
Net cash provided by (used in) operating activities
|
|
$
|
2,477
|
|
|
$
|
15,198
|
|
|
$
|
2,707
|
|
|
$
|
763
|
|
|
$
|
-
|
|
|
$
|
21,145
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash flows from investing activities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Capital expenditures
|
|
|
-
|
|
|
|
(159
|
)
|
|
|
(2,994
|
)
|
|
|
(152
|
)
|
|
|
-
|
|
|
|
(3,305
|
)
|
Acquisitions
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
Proceeds from the disposal of property, plant and equipment
|
|
|
-
|
|
|
|
18
|
|
|
|
752
|
|
|
|
-
|
|
|
|
-
|
|
|
|
770
|
|
Change in restricted cash and investments
|
|
|
-
|
|
|
|
499
|
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
499
|
|
Purchases of marketable securities
|
|
|
-
|
|
|
|
(3,990
|
)
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
(3,990
|
)
|
Sales of marketable securities
|
|
|
-
|
|
|
|
5,920
|
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
5,920
|
|
Other
|
|
|
-
|
|
|
|
83
|
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
83
|
|
Net cash provided by (used in) investing activities
|
|
|
-
|
|
|
|
2,371
|
|
|
|
(2,242
|
)
|
|
|
(152
|
)
|
|
|
-
|
|
|
|
(23
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash flows from financing activities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Payments on long-term debt
|
|
|
-
|
|
|
|
-
|
|
|
|
(118
|
)
|
|
|
-
|
|
|
|
-
|
|
|
|
(118
|
)
|
Dividends paid
|
|
|
(2,605
|
)
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
(2,605
|
)
|
Other
|
|
|
128
|
|
|
|
12
|
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
140
|
|
Net cash provided by (used in) financing activities
|
|
|
(2,477
|
)
|
|
|
12
|
|
|
|
(118
|
)
|
|
|
-
|
|
|
|
-
|
|
|
|
(2,583
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Effect of exchange rate changes on cash
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
84
|
|
|
|
-
|
|
|
|
84
|
|
Net increase (decrease) in cash and cash equivalents
|
|
|
-
|
|
|
|
17,581
|
|
|
|
347
|
|
|
|
695
|
|
|
|
-
|
|
|
|
18,623
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents – beginning of period
|
|
|
-
|
|
|
|
57,307
|
|
|
|
12,463
|
|
|
|
2,831
|
|
|
|
-
|
|
|
|
72,601
|
|
Cash and cash equivalents – end of period
|
|
$
|
-
|
|
|
$
|
74,888
|
|
|
$
|
12,810
|
|
|
$
|
3,526
|
|
|
$
|
-
|
|
|
$
|
91,224
|
|
|