XML 38 R8.htm IDEA: XBRL DOCUMENT v3.25.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:      
Net (loss) income $ (151,960) $ 34,759 $ 13,833
Adjustments to reconcile net (loss) income to net cash from operating activities:      
Depreciation 13,891 13,840 14,281
Amortization of purchased intangible assets 21,155 22,667 36,926
Amortization of deferred debt issuance costs 841 553 553
Amortization of acquisition-related inventory valuation step-up 0 0 430
Stock-based compensation 6,902 10,270 10,058
Bad debt expense 4,930 1,146 720
Deferred income taxes 4,219 970 (599)
Asset impairments 1,182 2,471 0
Goodwill impairment 141,725 0 0
Unrealized gain on marketable securities 0 (148) 0
Other (1,318) (181) 1,526
Change in:      
Accounts receivable, net (3,484) (12,280) (23,828)
Inventories 12,914 (9,461) (33,766)
Prepaid expenses and other 6,885 15,619 9,118
Accounts payable 5,184 (6,727) 7,086
Contract liabilities 1,728 (10,527) 11,183
Accrued expenses and other liabilities (18,198) 2,956 (2,585)
Net cash provided by operating activities 46,596 65,927 44,936
Cash flows from investing activities:      
Consideration adjustments related to acquisition of business 0 0 (2,404)
Investment in marketable securities 0 (12,471) 0
Proceeds from maturities of marketable securities 3,000 0 0
Proceeds from sales of marketable securities 9,619 0 0
Acquisition of property, plant and equipment (17,284) (15,974) (18,584)
Proceeds from property, plant and equipment reimbursements 993 0 0
Proceeds on sale of property, plant and equipment 103 344 62
Net cash used in investing activities (3,569) (28,101) (20,926)
Cash flows from financing activities:      
Repayments on term loan (119,375) (17,500) (15,000)
Borrowings on term loan 50,000 0 0
Borrowings on revolving loans 90,150 0 0
Repayments on revolving loans (65,775) 0 0
Payments of debt issuance costs (2,735) 0 (180)
Distributions to redeemable noncontrolling interest holder (8,445) (13,515) (12,300)
Payment of deemed dividend to noncontrolling interest holder (2,500) 0 0
Net proceeds from issuance of common stock to employees 132 314 201
Treasury stock purchases (1,240) (2,481) (1,231)
Net cash used in financing activities (59,788) (33,182) (28,510)
Effects of exchange rates on cash 10 1,252 (1,166)
Net (decrease) increase in cash and cash equivalents (16,751) 5,896 (5,666)
Cash and cash equivalents, beginning of the period 31,040 25,144 30,810
Cash and cash equivalents, end of the period 14,289 31,040 25,144
Supplemental cash flow information:      
Non-cash lease liabilities arising from obtaining right-of-use assets 6,301 4,335 3,978
Non-cash consideration for acquisition of business, net of cash acquired 0 0 740
Cash paid during the period for -      
Interest 7,486 9,188 6,236
Income taxes, net $ 8,695 $ 4,418 $ 2,860