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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities:      
Net income (loss) $ (1,588) $ 11,009 $ 10,061
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation and amortization 5,531 4,871 4,422
Amortization of marketable securities premium 37 158 173
Impairment charge on equity investee 1,068   313
Stock-based compensation 2,346 1,925 1,405
Realized gain on sale of available-for-sale securities     (77)
Loss (gain) on disposal of equipment 72 (99) 57
Gain from deconsolidation of a subsidiary (175)    
Loss from equity method investments, net 983 1,080 1,381
Return on equity method investments 362    
Changes in operating assets and liabilities:      
Accounts receivable 441 2,819 (7,977)
Inventories 8,862 (14,629) (4,740)
Prepaid expenses and other current assets 2,936 (4,600) (2,309)
Other assets (1,188) (1,888) (52)
Accounts payable (3,137) 2,314 4,401
Accrued liabilities * [1] (4,010) 518 1,642
Other long-term liabilities, including royalties 118 (260) (85)
Net cash provided by operating activities 12,658 3,218 8,615
Cash flows from investing activities:      
Purchases of property, plant and equipment (21,792) (40,539) (21,356)
Proceeds from sale of equipment   99  
Purchases of available-for-sale securities (8,725) (9,937) (30,021)
Proceeds from sales and maturities of available-for-sale securities 22,189 19,550 14,750
Repayment of related party notes receivable     169
Net cash used in investing activities (8,328) (30,827) (36,458)
Cash flows from financing activities:      
Proceeds from common stock options exercised 268 628 34,338
Proceeds from sale of subsidiary shares to noncontrolling interests, net of portion allocated to noncontrolling interests 366   1,765
Consideration paid to repurchase subsidiary shares from noncontrolling interests (262) (415)  
Proceeds from short-term loan 5,814    
Dividends paid by joint ventures to their minority shareholders     (465)
Net cash provided by financing activities 6,186 213 35,638
Effect of exchange rate changes on cash and cash equivalents (150) (430) 405
Net increase (decrease) in cash and cash equivalents 10,366 (27,826) 8,200
Cash and cash equivalents at the beginning of the year 16,526 44,352 36,152
Cash and cash equivalents at the end of the year 26,892 16,526 44,352
Supplemental disclosures:      
Income taxes paid, net of refunds 749 1,134 $ 714
Supplemental disclosure of non-cash flow information:      
Consideration payable to repurchase subsidiary shares from noncontrolling interests, included in accrued liabilities 151 1,192  
Reduction of noncontrolling interests in excess (deficit) of total consideration paid and payable in connection with the repurchase of subsidiary shares from noncontrolling interests (74) 187  
Consideration payable in connection with constructions, included in accrued liabilities $ 1,447 $ 2,912  
[1] * Dividend accrued but not paid by joint ventures of $0, $504 and $533 was included in accrued liabilities as of December 31, 2019, 2018 and 2017, respectively.