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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Operating activities:      
Net income (loss) $ 10,793 $ 4,283 $ (1,406)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Provision for obsolete inventory 2,832 941 492
Depreciation and amortization 9,424 6,169 3,407
Loss on disposal of assets 78 12 1
Share-based compensation and warrant expense 2,120 2,061 1,069
Unrealized foreign exchange loss 2,462 1,288 362
Changes in operating assets and liabilities:      
Accounts receivable (7,531) (9,703) (8,457)
Notes receivable 977 (977) 1,036
Inventory (37,502) (16,105) (7,520)
Other current assets (2,624) (745) (4,622)
Accounts payable (1,258) 18,947 8,079
Accrued liabilities 5,017 2,359 1,369
Net cash provided by (used in) operating activities (15,212) 8,530 (6,190)
Investing activities:      
Purchase of short-term investments (175) (246) (7,970)
Purchase of property, plant and equipment (57,080) (41,129) (9,600)
Proceeds from disposal of equipment 351 47 0
Deposits and deferred charges (4,238) (720) (43)
Purchase of intangible assets (478) (3,340) (123)
Net cash used in investing activities (61,620) (45,388) (17,736)
Financing activities:      
Proceeds from issuance of notes payable and long-term debt 16,944 8,150 2,851
Principal payments of long-term debt and notes payable (2,413) (8,076) (285)
Proceeds from line of credit borrowings 144,386 53,658 23,192
Repayments of line of credit borrowings (121,386) (50,733) (23,008)
Proceeds from bank acceptance payable 8,257 5,925 6,778
Repayments of bank acceptance payable (6,361) (6,986) (6,026)
Repayments of note payable (1,000) (1,000) 0
Decrease (increase) in restricted cash (4,419) 266 (249)
Exercise of stock options 452 365 173
Exercise of warrants 0 0 494
Proceeds from common stock offering, net 38,648 45,681 31,448
Other 6 0 0
Net cash provided by financing activities 73,114 47,250 35,368
Effect of exchange rate changes on cash (383) (223) (159)
Net increase (decrease) in cash (4,101) 10,169 11,283
Cash and cash equivalents at beginning of year 32,175 22,006 10,723
Cash and cash equivalents at end of year 28,074 32,175 22,006
Supplemental disclosure of cash flow information:      
Interest 1,070 329 1,133
Income taxes 650 148 1
Non-cash investing and financing activities:      
Purchase of intangible assets with notes payable $ 0 $ 3,000 $ 0