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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Operating activities    
Net income $ 3,337 $ 9,949
Adjustments to reconcile net income to net cash flows from operating activities:    
Depreciation, amortization and accretion 3,732 3,323
Impairment of long-lived assets 7,275 0
Amortization of debt related costs 169 320
Provision for bad debt 202 (190)
Provision for excess and obsolete inventory 449 511
Stock-based compensation 3,075 2,720
Deferred taxes 1,467 1,741
Long-term income tax receivable (554) (802)
Long-term income tax payable and other long-term liabilities 705 1,018
Other 452 (6)
Increases (decreases) in cash from operating assets and liabilities:    
Accounts receivable (1,750) (1,040)
Inventory (2,098) 465
Other current assets 1,149 (1,152)
Accounts payable (913) 1,458
Accrued expenses and other liabilities (7,289) (7,847)
Net cash provided by operating activities 9,408 10,468
Investing activities    
Capital expenditures (2,698) (10,550)
Net cash used in investing activities (2,698) (10,550)
Financing activities    
Payments on long-term debt and other borrowings (2,551) (717)
Proceeds from stock option exercises 0 324
Proceeds from issuance of common stock 366 282
Payments for minimum statutory tax withholding related to net share settlement of equity awards (1,547) (1,120)
Net cash used in financing activities (3,732) (1,231)
Effect of foreign exchange rates on cash and cash equivalents (184) (27)
Net increase (decrease) in cash and cash equivalents 2,794 (1,340)
Cash and cash equivalents, beginning of period 92,919 113,401
Cash and cash equivalents, end of period $ 95,713 $ 112,061