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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash flows from operating activities:    
Net income $ 7,092 $ 2,302
Adjustment to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 10,328 6,943
Unrealized foreign currency (gain) loss (414) 2,147
Net loss on interest rate swaps 404  
Fair value adjustments to earnout liabilities 1,033 4,438
Loss on sale of property and equipment 189 225
Non-cash interest expense 539 323
Share-based compensation expense 1,149 854
Bad debt expense 294 69
Inventory reserve expense 838 256
Deferred income taxes (644) (894)
Changes in operating assets and liabilities, net of acquisitions:    
Accounts receivable 14,612 (7,442)
Costs and estimated earnings in excess of billings on uncompleted contracts 1,248 (7,439)
Inventories 4,443 408
Prepaid expense and other current assets (3,755) 181
Deferred charges and other assets 1,119 361
Accounts payable and accrued expenses (3,613) 2,704
Billings in excess of costs and estimated earnings on uncompleted contracts 11,160 (420)
Income taxes payable (1,081) 354
Other liabilities (871) (3,665)
Net cash provided by operating activities 44,070 1,705
Cash flows from investing activities:    
Acquisitions of property and equipment (552) (341)
Proceeds from sale of property and equipment 291 2,396
Net cash (used in) provided by investing activities (261) 2,055
Cash flows from financing activities:    
Decrease in restricted cash 319  
Net (repayments) borrowings on revolving credit lines (9,202) 3,469
Repayments of debt (16,207) (4,452)
Earnout payments (2,341) (1,755)
Proceeds from sale-leaseback transactions 11,000  
Payments on capital lease and sale-leaseback financing liability (33)  
Proceeds from employee stock purchase plan and exercise of stock options 471 195
Repurchases of common stock (188)  
Dividends paid to common shareholders (4,486) (3,490)
Net cash used in financing activities (20,667) (6,033)
Effect of exchange rate changes on cash and cash equivalents (730)  
Net increase (decrease) in cash and cash equivalents 22,412 (2,273)
Cash and cash equivalents at beginning of period 34,194 19,362
Cash and cash equivalents at end of period 56,606 17,089
Cash paid during the period for:    
Interest 3,523 1,785
Income taxes 1,747 $ 595
Noncash transactions    
Property, plant and equipment acquired under capital leases 3,296  
Earnout settled through an exchange of accounts receivable $ 3,190