XML 18 R7.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (16,892) $ (4,316)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation (including capital lease amortization) 5,030 5,024
Amortization of purchased intangible assets 3,034 3,023
Amortization of deferred debt issuance costs 359 123
Stock-based compensation 2,125 1,599
Deferred income tax (408) (563)
Gain (loss) on disposal of property, plant and equipment (46) 35
Restructuring expenses 458 1,202
Goodwill impairment charge 17,584 0
Change in:    
Accounts receivable, net (10,747) 10,480
Inventory, net (1,221) 3,400
Prepaid expenses and other 20 (347)
Accounts payable 1,051 (3,166)
Customer advances 97 180
Accrued anti-dumping duties (2,965) 128
Accrued expenses and other liabilities 3,039 1,037
Net cash provided by operating activities 518 17,839
CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisition of property, plant and equipment (3,299) (4,070)
Proceeds on sale of property, plant and equipment 2 31
Change in other non-current assets 0 31
Net cash used in investing activities (3,297) (4,008)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Borrowings (repayments) on bank lines of credit, net 6,000 (12,250)
Payment on capital lease obligations 0 (3)
Payment of dividends (880) (861)
Payment of deferred debt issuance costs (133) 0
Net proceeds from issuance of common stock to employees and directors 154 190
Treasury stock purchases (336) (21)
Net cash provided by (used in) financing activities 4,805 (12,945)
EFFECTS OF EXCHANGE RATES ON CASH 416 274
NET INCREASE IN CASH AND CASH EQUIVALENTS 2,442 1,160
CASH AND CASH EQUIVALENTS, beginning of the period 6,419 6,291
CASH AND CASH EQUIVALENTS, end of the period $ 8,861 $ 7,451