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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Operating activities      
Net income (loss) $ 1,720 $ (95,695) $ (100,639)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Depreciation and amortization 34,020 35,312 40,974
Release of contingent consideration (2,001)    
Stock-based compensation expense 15,721 13,459 14,270
Impairment, restructuring and other non-cash charges 174 98,602 60,968
Gain on sale of equipment (1,511) (6,198) (168)
Deferred income taxes 598 (4,091) 17,231
Changes in operating assets and liabilities:      
Trade receivables, net 10,783 17,988 6,200
Unbilled receivables (57,032) (29,843) 19,912
Inventories, net (14,054) 49,926 37,642
Prepaids and other assets 10,980 (15,084) 10,107
Accounts payable and accrued expenses 15,343 (18,755) 1,765
Other, net (63) (118) (269)
Net cash provided by operating activities 14,678 45,503 107,993
Investing activities      
Purchase of property, plant and equipment (11,501) (32,061) (27,622)
Proceeds from sale of equipment 3,030 16,888 3,170
Acquisition of business, net of cash acquired     (20,440)
Net cash used in investing activities (8,471) (15,173) (44,892)
Financing activities      
Proceeds from exercise of stock options 2,181 1,616 560
ABL Credit Facility issuance costs   (815)  
Repurchase of common shares (26,570) (100,000)  
Other (183)    
Net cash provided by (used) in financing activities (24,572) (99,199) 560
Effect of exchange rate changes on cash activities (789) (6,211) 6,022
Increase (decrease) in cash and cash equivalents (19,154) (75,080) 69,683
Cash and cash equivalents at beginning of year 418,100 493,180 423,497
Cash and cash equivalents at end of year $ 398,946 $ 418,100 $ 493,180