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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities:      
Net income (loss) $ (98,238) $ 407 $ 5,301
Adjustments to reconcile net income (loss) to net cash provided by (used for) operating activities:      
Depreciation and amortization 22,927 24,033 26,747
Provision for credit losses 70 (182) 0
Deferred income taxes (1,149) 1,377 (1,560)
Shares issued for employee benefit plan 1,293 1,199 1,092
Employee and director stock-based compensation 8,809 10,013 9,969
Performance-based common stock warrants 0 0 (686)
Impairment of goodwill 49,075 0 0
Impairment of long-lived assets 7,963 2,888 3,338
Loss on sale of Argentina subsidiary, net of cash transferred 0 0 5,960
Changes in operating assets and liabilities:      
Accounts receivable and contract assets 5,040 12,765 2,007
Inventories 51,458 (9,913) (14,985)
Prepaid expenses and other assets 2,860 (917) (630)
Accounts payable and accrued liabilities (21,379) (28,670) 870
Accrued income taxes (3,539) (2,074) 2,860
Net cash provided by (used for) operating activities 25,190 10,926 40,283
Cash flows from investing activities:      
Purchase of term deposit 0 (7,487) 0
Redemption of term deposit 0 7,803 0
Acquisition of the net assets of Qterics, Inc. 0 (939) 0
Acquisitions of property, plant and equipment (8,116) (14,006) (12,586)
Acquisitions of intangible assets (5,761) (6,579) (4,455)
Net cash provided by (used for) investing activities (13,877) (21,208) (17,041)
Cash flows from financing activities:      
Borrowings under line of credit 78,000 133,000 112,000
Repayments on line of credit (111,000) (101,000) (76,000)
Proceeds from stock options exercised 0 1,536 1,638
Treasury stock purchased (1,779) (13,035) (59,664)
Net cash provided by (used for) financing activities (34,779) 20,501 (22,026)
Effect of foreign currency exchange rate changes on cash and cash equivalents (523) (4,292) 2,444
Net increase (decrease) in cash and cash equivalents (23,989) 5,927 3,660
Cash and cash equivalents at beginning of period 66,740 60,813 57,153
Cash and cash equivalents at end of period 42,751 66,740 60,813
Supplemental cash flow information:      
Income taxes paid 13,176 10,922 10,093
Interest paid $ 7,015 $ 2,214 $ 620