XML 19 R7.htm IDEA: XBRL DOCUMENT v3.20.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows provided by operating activities:    
Net (loss) income $ (1,493) $ 32,414
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 4,716 3,955
Amortization of purchased intangible assets 707 795
Amortization of deferred debt issuance costs 99 83
Stock-based compensation 2,559 2,666
Deferred income taxes (1,360) 424
(Gain) loss on disposal of property, plant and equipment (1) 317
Restructuring expenses, net and asset impairments 3,162 402
Change in:    
Accounts receivable, net 27,245 (16,123)
Inventories (5,713) (8,636)
Prepaid expenses and other (1,242) 3,850
Accounts payable (10,778) 12,657
Contract liabilities 2,477 936
Accrued anti-dumping duties and penalties 0 (8,000)
Accrued expenses and other liabilities (9,250) (2,438)
Net cash provided by operating activities 11,128 23,302
Cash flows used in investing activities:    
Acquisition of property, plant and equipment (7,476) (16,283)
Proceeds on sale of property, plant and equipment 14 1,258
Net cash used in investing activities (7,462) (15,025)
Cash flows used in financing activities:    
Repayments on bank lines of credit, net 0 (3,999)
Repayments on capital expenditure facility (1,562) (1,562)
Payment of dividends (3,749) (598)
Payment of debt issuance costs (84) 0
Net proceeds from issuance of common stock to employees and directors 263 358
Treasury stock purchases (1,068) (956)
Net cash used in financing activities (6,200) (6,757)
Effects of exchanges rates on cash (571) (14)
Net increase (decrease) in cash and cash equivalents (3,105) 1,506
Cash and cash equivalents, beginning of the period 20,353 13,375
Cash and cash equivalents, end of the period $ 17,248 $ 14,881