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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash flows provided by operating activities:      
Net income (loss) $ 34,041 $ 30,473 $ (18,853)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation 8,316 6,576 6,506
Amortization of purchased intangible assets 1,544 2,944 4,060
Amortization and write-off of deferred debt issuance costs 178 314 390
Stock-based compensation 5,204 3,580 2,975
Deferred income tax benefit 4,289 (3,653) (556)
Loss on disposal of property, plant and equipment 530 78 125
Restructuring and asset impairment expenses 19,503 1,114 4,283
Goodwill impairment charge 0 0 17,584
Transition tax liability 0 (679) 946
Change in:      
Accounts receivable, net (1,221) (11,409) (14,425)
Inventories (2,671) (16,610) (5,294)
Prepaid expenses and other (5,724) 491 (440)
Accounts payable 10,145 2,197 5,216
Contract liabilities 1,603 (4,721) 3,207
Accrued anti-dumping duties and penalties (8,000) 4,391 (2,941)
Accrued expenses and other liabilities (3,143) 12,552 3,964
Net cash provided by operating activities 64,594 27,638 6,747
Cash flows used in investing activities:      
Acquisition of property, plant and equipment (27,210) (45,095) (6,186)
Proceeds on sale of property, plant and equipment 1,263 0 2
Net cash used in investing activities (25,947) (45,095) (6,184)
Cash flows provided by (used in) financing activities:      
(Payments) borrowings on revolving loans, net (17,129) (1,628)  
(Payments) borrowings on revolving loans, net     2,000
(Payments) borrowings on capital expenditure facility (10,125)    
(Payments) borrowings on capital expenditure facility   25,000 0
Payment of dividends (2,762) (1,189) (1,174)
Payment of deferred debt issuance costs 0 (314) (138)
Net proceeds from issuance of common stock to employees and directors 557 442 296
Treasury stock purchases (1,103) (453) (337)
Net cash provided by (used in) financing activities (30,562) 21,858 647
Effects of exchange rates on cash (1,107) (9) 1,354
Net increase in cash and cash equivalents 6,978 4,392 2,564
Cash and cash equivalents, beginning of the period 13,375 8,983 6,419
Cash and cash equivalents, end of the period 20,353 13,375 8,983
Supplemental disclosure of cash flow information:      
Non-cash lease liabilities arising from obtaining right-of-use assets 8,821    
Cash paid during the period for -      
Interest 1,445 1,383 1,150
Income taxes, net $ 20,995 $ 1,284 $ 124