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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows provided by (used in) operating activities:    
Net income (loss) $ 2,139 $ (4,280)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation 3,400 3,359
Amortization of purchased intangible assets 5,667 12,976
Amortization of deferred debt issuance costs 138 132
Amortization of acquisition-related inventory valuation step-up 0 258
Stock-based compensation 5,027 2,358
Deferred income taxes 178 (2,714)
Other (405) 41
Change in:    
Accounts receivable, net (14,664) (7,480)
Inventories (22,678) (19,877)
Prepaid expenses and other 1,131 (2,324)
Accounts payable 24,336 7,162
Contract liabilities (906) 5,968
Accrued expenses and other liabilities 3,702 (163)
Net cash provided by (used in) operating activities 7,065 (4,584)
Cash flows used in investing activities:    
Acquisition of property, plant and equipment (2,226) (1,536)
Net cash used in investing activities (2,226) (1,536)
Cash flows used in financing activities:    
Repayments on term loan (6,250) (3,750)
Payment of debt issuance costs 0 (97)
Distributions to redeemable noncontrolling interest holder (2,600) (4,400)
Treasury stock purchases (2,157) (1,088)
Net cash used in financing activities (11,007) (9,335)
Effects of exchange rates on cash 671 21
Net decrease in cash and cash equivalents (5,497) (15,434)
Cash and cash equivalents, beginning of the period 25,144 30,810
Cash and cash equivalents, end of the period $ 19,647 $ 15,376