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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
OPERATING ACTIVITIES:    
Net income $ 3,490 $ 9,657
Adjustments to reconcile net income to net cash provided by (used for) operating activities:    
Depreciation 6,650 5,697
Amortization, including accretion and write-off of deferred financing costs 1,429 1,613
Deferred income taxes 76 (2,979)
Earnings of equity method investee (457) (364)
Loss (gain) on sale of fixed assets 131 (1)
Share-based compensation expense 1,372 1,548
Change in fair value of earn-out contingent consideration (633) 469
Change in fair value of venture capital fund 39 (16)
Excess tax deficiency (benefit) related to share-based compensation expense 17 (656)
Changes in operating assets and liabilities, net of effect of business combination:    
Accounts receivable, net (3,730) (17,821)
Inventories, net (5,838) (13,655)
Prepaid expenses and other assets (3,702) (660)
Accounts payable 2,327 16,395
Accrued expenses and other liabilities (7,733) (4,836)
Net cash used for operating activities (6,562) (5,609)
INVESTING ACTIVITIES:    
Capital expenditures, including intangibles (7,140) (8,684)
Proceeds from sale of fixed assets 8 1
Investment in venture capital fund   (400)
Net cash used for investing activities (7,132) (9,083)
FINANCING ACTIVITIES:    
Revolving credit facility borrowings 71,500  
Revolving credit facility payments (36,500) (5,000)
Proceeds from issuance of debt 1,958 34
Repayments of debt (2,076) (690)
Earn-out consideration cash payment   (3,394)
Other financing costs (1) (2)
Common Share repurchase program (4,995)  
Repurchase of Common Shares to satisfy employee tax withholding (1,687) (2,945)
Net cash provided by (used for) financing activities 28,199 (11,997)
Effect of exchange rate changes on cash and cash equivalents (2,603) (1,317)
Net change in cash and cash equivalents 11,902 (28,006)
Cash and cash equivalents at beginning of period 69,403 81,092
Cash and cash equivalents at end of period 81,305 53,086
Supplemental disclosure of cash flow information:    
Cash paid for interest 1,150 1,109
Cash paid for income taxes, net $ 1,832 $ 3,327