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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Operating activities    
Net income (loss) $ 2,311 $ (8,938)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Depreciation and amortization 6,889 7,559
Stock-based compensation expense 2,577 2,527
Restructuring and other charges 683 32
Gain on sale of property, plant and equipment (6,647) (114)
Deferred income taxes (211) 1,327
Changes in operating assets and liabilities:    
Trade receivables, net (39,531) 14,849
Unbilled receivables (6,376) (6,951)
Inventories, net (4,758) 5,658
Prepaids and other assets 1,335 (1,768)
Accounts payable and accrued expenses (9,192) (25,109)
Net cash used in operating activities (52,920) (10,928)
Investing activities    
Purchase of property, plant and equipment (5,424) (2,066)
Proceeds from sale of property, plant and equipment 15,460 208
Purchase of short-term investments (9,081) 0
Maturities of short-term investments 22,392 0
Net cash provided by (used in) investing activities 23,347 (1,858)
Financing activities    
Repurchase of common shares 0 (5,808)
Other (11) (51)
Net cash used in financing activities (11) (5,859)
Effect of exchange rate changes on cash activities 123 1,202
Decrease in cash and cash equivalents (29,461) (17,443)
Cash and cash equivalents at beginning of period 264,804 355,451
Cash and cash equivalents at end of period $ 235,343 $ 338,008