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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Operating activities    
Net income $ 9,949 $ 8,211
Adjustments to reconcile net income to net cash flows from operating activities:    
Depreciation, amortization and accretion 3,323 3,596
Amortization of debt related costs 320 320
Provision for bad debt (190) 195
Provision for excess and obsolete inventory 511 1,220
Stock-based compensation 2,720 1,796
Deferred taxes 1,741 2,923
Long-term income tax receivable (802) (841)
Long-term income tax payable and other long-term liabilities 1,018 854
Other (6) (46)
Increases (decreases) in cash from operating assets and liabilities:    
Accounts receivable (1,040) (7,816)
Inventory 465 (6,579)
Other current assets (1,152) (1,003)
Accounts payable 1,458 2,160
Accrued expenses and other liabilities (7,847) (5,656)
Net cash provided by (used in) operating activities 10,468 (666)
Investing activities    
Capital expenditures (10,550) (2,135)
Proceeds from sales of assets 0 1,000
Net cash used in investing activities (10,550) (1,135)
Financing activities    
Payments on long-term debt and other borrowings (717) (715)
Proceeds from stock option exercises 324 514
Proceeds from issuance of common stock 282 206
Payments for minimum statutory tax withholding related to net share settlement of equity awards (1,120) (709)
Net cash used in financing activities (1,231) (704)
Effect of foreign exchange rates on cash and cash equivalents (27) (46)
Net decrease in cash and cash equivalents (1,340) (2,551)
Cash and cash equivalents, beginning of period 113,401 76,290
Cash and cash equivalents, end of period $ 112,061 $ 73,739