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Condensed Consolidated Statements of Cash Flows (USD $)
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3 Months Ended | |
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Apr. 04, 2015
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Mar. 29, 2014
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| Operating activities | ||
| Net income | $ 3,637,739us-gaap_NetIncomeLoss | $ 1,776,279us-gaap_NetIncomeLoss |
| Loss from discontinued operations, before income tax | 0us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax | 473,255us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax |
| Adjustments to reconcile net income to net cash (used in) provided by operating activities: | ||
| Depreciation expense | 1,194,665us-gaap_Depreciation | 950,490us-gaap_Depreciation |
| Amortization expense | 587,686us-gaap_AdjustmentForAmortization | 342,297us-gaap_AdjustmentForAmortization |
| Deferred income taxes | 27,319us-gaap_DeferredIncomeTaxExpenseBenefit | 28,793us-gaap_DeferredIncomeTaxExpenseBenefit |
| Palmer earn-out adjustment | (2,483,333)us-gaap_BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1 | 0us-gaap_BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1 |
| Reduction of losses on accounts receivable | (23,600)us-gaap_ProvisionForDoubtfulAccounts | (42,608)us-gaap_ProvisionForDoubtfulAccounts |
| Provision for losses on inventory | 656,221synl_ProvisionForLossesOnInventories | 395,889synl_ProvisionForLossesOnInventories |
| Gain on sale of property, plant and equipment | (12,000)us-gaap_GainLossOnSaleOfPropertyPlantEquipment | 0us-gaap_GainLossOnSaleOfPropertyPlantEquipment |
| Cash value of life insurance | (24,000)synl_CashSurrenderValueOfLifeInsuranceChange | (24,000)synl_CashSurrenderValueOfLifeInsuranceChange |
| Change in fair value of interest rate swap | 169,420us-gaap_UnrealizedGainLossOnDerivatives | 118,804us-gaap_UnrealizedGainLossOnDerivatives |
| Environmental reserves | 9,650us-gaap_OtherIncreaseDecreaseInEnvironmentalLiabilities | 18,000us-gaap_OtherIncreaseDecreaseInEnvironmentalLiabilities |
| Employee stock option and grant compensation | 143,319us-gaap_ShareBasedCompensation | 80,733us-gaap_ShareBasedCompensation |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | 335,891synl_IncreaseDecreaseInAccountsReceivableLessAmountWrittenOffAgainstReserve | (6,632,570)synl_IncreaseDecreaseInAccountsReceivableLessAmountWrittenOffAgainstReserve |
| Inventories | (5,640,652)synl_IncreaseDecreaseInInventoriesLessAmountWrittenOffAgainstReserve | (2,151,343)synl_IncreaseDecreaseInInventoriesLessAmountWrittenOffAgainstReserve |
| Other assets and liabilities, net | (101,342)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets | 531,752us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets |
| Accounts payable | (8,977,677)us-gaap_IncreaseDecreaseInAccountsPayable | 9,103,963us-gaap_IncreaseDecreaseInAccountsPayable |
| Accrued expenses | (1,621,741)synl_IncreaseDecreaseInAccruedLiabilitiesAndCustomerAdvances | (504,665)synl_IncreaseDecreaseInAccruedLiabilitiesAndCustomerAdvances |
| Accrued income taxes | 1,324,534us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable | 896,011us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable |
| Net Cash (Used in) Provided by Operating Activities, Continuing Operations | (10,797,901)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations | 5,361,080us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations |
| Net cash provided by discontinued operating activities | 0us-gaap_CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations | 1,984,282us-gaap_CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations |
| Net cash (used in) provided by operating activities | (10,797,901)us-gaap_NetCashProvidedByUsedInOperatingActivities | 7,345,362us-gaap_NetCashProvidedByUsedInOperatingActivities |
| Investing activities | ||
| Purchases of property, plant and equipment | (1,916,146)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment | (1,649,276)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment |
| Proceeds from sale of property, plant and equipment | 12,000us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment | 0us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment |
| Net Cash Used in Investing Activities, Continuing Operations | (1,904,146)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations | (1,649,276)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations |
| Net cash used in discontinued investing activities | 0us-gaap_CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations | (1,614)us-gaap_CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations |
| Net cash used in investing activities | (1,904,146)us-gaap_NetCashProvidedByUsedInInvestingActivities | (1,650,890)us-gaap_NetCashProvidedByUsedInInvestingActivities |
| Financing activities | ||
| Net borrowings from line of credit | 14,386,076synl_BorrowingsFromPaymentsOnLongTermLinesOfCredit | 0synl_BorrowingsFromPaymentsOnLongTermLinesOfCredit |
| Payments of Long-term Debt | (1,300,143)us-gaap_RepaymentsOfLongTermDebt | (633,476)us-gaap_RepaymentsOfLongTermDebt |
| Payments Of Multiemployer Plan Withdrawal Obligation | (208,920)synl_PaymentsOfMultiemployerPlanWithdrawalObligation | 0synl_PaymentsOfMultiemployerPlanWithdrawalObligation |
| Net cash provided by (used in) financing activities | 12,877,013us-gaap_NetCashProvidedByUsedInFinancingActivities | (633,476)us-gaap_NetCashProvidedByUsedInFinancingActivities |
| Increase in cash and cash equivalents | 174,966us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease | 5,060,996us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease |
| Cash and cash equivalents at beginning of period | 26,623us-gaap_CashAndCashEquivalentsAtCarryingValue | 1,773,743us-gaap_CashAndCashEquivalentsAtCarryingValue |
| Cash and cash equivalents at end of period | 201,589us-gaap_CashAndCashEquivalentsAtCarryingValue | 6,834,739us-gaap_CashAndCashEquivalentsAtCarryingValue |
| Interest Paid | 307,247us-gaap_InterestPaid | 235,941us-gaap_InterestPaid |
| Income Taxes Paid | $ 79,515us-gaap_IncomeTaxesPaid | $ 7,600us-gaap_IncomeTaxesPaid |
| X | ||||||||||
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- Definition
The cash inflow (outflow) from a contractual arrangement with the lender, including letter of credit, standby letter of credit and revolving credit arrangements, under which borrowings can be made up to a specific amount at any point in time with maturities due beyond one year or the operating cycle, if longer. No definition available.
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- Definition
The change in the carrying amount for the period of amounts which could be received based on the terms of the insurance contract upon surrendering life policies owned by the entity. No definition available.
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- Definition
The net change during the reporting period in amount due within one year (or one business cycle) from customers for the credit sale of goods and services less amounts written off against the reserve during the reporting period. No definition available.
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- Definition
The net change during the reporting period in the aggregate amount of expenses incurred but not yet paid plus customer advances. No definition available.
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- Definition
The net change during the reporting period in the aggregate value of all inventory held by the reporting entity, associated with underlying transactions that are classified as operating activities less amounts written off against the reserve during the reporting period. No definition available.
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- Definition
Payments Of Multiemployer Plan Withdrawal Obligation No definition available.
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- Definition
Provision for Losses on Inventories No definition available.
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- Definition
The aggregate amount of recurring noncash expense charged against earnings in the period to allocate the cost of assets over their estimated remaining economic lives. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Amount of increase (decrease) in the value of a contingent consideration liability, including, but not limited to, differences arising upon settlement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Includes effect from exchange rate changes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash inflow (outflow) of investing activities of discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash inflow (outflow) of operating activities of discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of deferred income tax expense (benefit) pertaining to income (loss) from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of expense recognized in the current period that reflects the allocation of the cost of tangible assets over the assets' useful lives. Includes production and non-production related depreciation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Overall income (loss) from a disposal group that is classified as a component of the entity, before income tax, reported as a separate component of income before extraordinary items. Includes the following (before income tax): income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of gain (loss) on sale or disposal of property, plant and equipment assets, including oil and gas property and timber property. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of cash paid during the current period to foreign, federal, state, and local authorities as taxes on income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in the aggregate amount of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the period in the amount due for taxes based on the reporting entity's earnings or attributable to the entity's income earning process (business presence) within a given jurisdiction. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The increase (decrease) during the reporting period in the value of prepaid expenses and other assets not separately disclosed in the statement of cash flows, for example, deferred expenses, intangible assets, or income taxes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of cash paid for interest during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash inflow (outflow) from financing activities, including discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Amount of cash inflow (outflow) from investing activities, including discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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| X | ||||||||||
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- Definition
Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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| X | ||||||||||
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- Definition
Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Other increase (decrease) not attributable to current expense nor cash payments during an accounting period in estimated obligations recorded for probable future costs attributable to environmental contamination issues. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash inflow from the sale of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of expense related to write-down of receivables to the amount expected to be collected. Includes, but is not limited to, accounts receivable and notes receivable. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow for debt initially having maturity due after one year or beyond the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The net change in the difference between the fair value and the carrying value, or in the comparative fair values, of derivative instruments, including options, swaps, futures, and forward contracts, held at each balance sheet date, that was included in earnings for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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