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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Operating activities      
Net earnings $ 20,443 $ 10,800 $ 22,295
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Impairment of goodwill and indefinite-lived intangibles 1,223 2,440 0
Depreciation and amortization 14,996 12,507 11,795
Loss from extinguishment of debt 0 30 0
(Gain) loss on disposal of property and equipment (5) (130) 34
Reclassification of foreign currency translation adjustment related to disposal of subsidiary 0 0 (827)
Share-based compensation expense 2,244 1,387 1,336
Inventory write-offs for obsolescence 2,288 2,525 2,588
Deferred income taxes (3,256) 1,153 (2,556)
Other (2,605) 1,735 358
Net changes in operating assets and liabilities, net of acquisition:      
Accounts receivable (8,038) (753) 11,369
Inventories (8,626) 2,986 (619)
Prepaid expenses and other current assets (56) 67 (5,087)
Trade accounts payable 3,292 59 (2,273)
Other current liabilities 11,637 507 (7,481)
Net cash provided by operating activities 33,537 35,313 30,932
Investing activities      
Capital expenditures (17,061) (22,949) (11,196)
Proceeds from sale of property and equipment 231 983 615
Purchase of business (47,216) 156 (40,481)
Net cash used in investing activities (64,046) (21,810) (51,062)
Financing activities      
Principal payments on long-term debt (18) (3,493) (4,618)
Debt issuance costs 0 (402) 0
Proceeds from revolving facility 20,000 0 22,000
Purchase of non-controlling interest 0 (253) 0
Distributions to noncontrolling interests (313) (70) (52)
Payments of employee taxes on certain share-based arrangements (853) (813) (854)
Net cash (used in) provided by financing activities 18,816 (5,031) 16,476
Effect of exchange rate changes on cash and cash equivalents (2,410) 3,056 405
(Decrease) increase in cash and cash equivalents (14,103) 11,528 (3,249)
Cash and cash equivalents at beginning of year 98,438 86,910 90,159
Cash and cash equivalents at end of year 84,335 98,438 86,910
Supplemental disclosure of investing transactions:      
Capital expenditures purchased (17,567) (24,327) (10,529)
Capital expenditures accrued but not yet paid $ 3,068 $ 2,561 $ 1,183