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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Operating activities    
Net income (loss) $ (7,383) $ 94
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 8,241 9,832
Stock-based compensation expense 3,974 3,216
Loss (gain) on sale of equipment (22) 0
Deferred income taxes (5) (1,121)
Changes in operating assets and liabilities:    
Trade receivables, net 1,195 7,044
Inventories, net 17,244 11,591
Prepaids and other assets (4,076) 3,051
Accounts payable and accrued expenses (7,403) (22,231)
Other, net (377) 0
Net cash (used in) provided by operating activities 11,388 11,476
Investing activities    
Purchase of property, plant and equipment (10,571) (4,847)
Proceeds from sale of equipment 71 439
Acquisition of business, net of cash acquired 0 (19,869)
Net cash used in investing activities (10,500) (24,277)
Financing activities    
Proceeds from exercise of stock options 52 403
Net cash provided by financing activities 52 403
Effect of exchange rate changes on cash activities 1,471 3,091
Increase (decrease) in cash and cash equivalents 2,411 (9,307)
Cash and cash equivalents at beginning of period 493,180 423,497
Cash and cash equivalents at end of period $ 495,591 $ 414,190