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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Operating activities      
Net earnings $ 36,553 $ 20,443 $ 10,800
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Impairment of goodwill and indefinite-lived intangibles 0 1,223 2,440
Depreciation and amortization 15,353 14,996 12,507
Loss from extinguishment of debt 0 0 30
Gain on disposal of property and equipment (117) (5) (130)
Reclassification of foreign currency translation adjustment related to disposal of subsidiary 191 0 0
Share-based compensation expense 2,439 2,244 1,387
Inventory write-offs for obsolescence 1,650 2,288 2,525
Deferred income taxes (2,040) (3,256) 1,153
Foreign currency impacts and other items (3,915) (1,018) 591
Net changes in operating assets and liabilities, net of acquisition:      
Accounts receivable (4,777) (8,038) (753)
Inventories (11,943) (8,626) 2,986
Prepaid expenses and other current assets (2,808) (56) 67
Trade accounts payable 889 3,292 59
Other current liabilities 3,393 11,637 507
Other non current assets and liabilities, net (1,413) (624) 1,011
Accrued pension and other postretirement costs, net (426) (963) 133
Net cash provided by operating activities 33,029 33,537 35,313
Investing activities      
Capital expenditures (21,288) (17,061) (22,949)
Proceeds from sale of property and equipment 451 231 983
Purchase of business 0 (47,216) 156
Net cash used in investing activities (20,837) (64,046) (21,810)
Financing activities      
Principal payments on long-term debt 0 (18) (3,493)
Debt issuance costs 0 0 (402)
Proceeds from revolving facility 0 20,000 0
Purchase of treasury stock (2,739) 0 0
Purchase of non-controlling interest 0 0 (253)
Distributions to noncontrolling interests (457) (313) (70)
Payments of employee taxes on certain share-based arrangements (435) (853) (813)
Net cash (used in) provided by financing activities (3,631) 18,816 (5,031)
Effect of exchange rate changes on cash and cash equivalents (4,334) (2,410) 3,056
Increase (decrease) in cash and cash equivalents 4,227 (14,103) 11,528
Cash and cash equivalents at beginning of year 84,335 98,438 86,910
Cash and cash equivalents at end of year 88,562 84,335 98,438
Supplemental disclosure of investing transactions:      
Capital expenditures purchased (19,951) (17,567) (24,327)
Capital expenditures accrued but not yet paid $ 1,731 $ 3,068 $ 2,561