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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operating activities    
Net income (loss) $ (23,318) $ 15,909
Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities    
Depreciation, software amortization 4,022 5,767
Intangible asset amortization 0 113
Restructuring 5,812 0
Impairment of Assets 0 3,822
Stock-based compensation 739 (706)
Net pension cost 1,501 1,284
Interest accretion on contingent consideration 0 742
Deferred income taxes 426 (978)
Gain on sale 0 (32,760)
Other, net 0 (238)
Changes in assets and liabilities:    
Decrease in accounts receivable, net and contract assets 15,039 10,021
Decrease in inventory 41 60
Decrease (increase) in prepaid expenses, income tax receivable and other assets 20,131 (10,632)
(Decrease) increase in accounts payable (12,591) 9,693
Decrease in other accrued expenses and liabilities (2,427) (9,110)
Net cash provided by (used in) operating activities 9,375 (7,013)
Cash flows from investing activities    
Dispositions, net of cash transferred 0 3,929
Purchases of property, plant and equipment (1,655) (2,834)
Proceeds from sale of property, plant and equipment 15 225
Net cash (used in) provided by investing activities (1,640) 1,320
Cash flows from financing activities    
Borrowings 4,500 9,000
Repayment of borrowings 0 (9,000)
Debt financing costs (477) (425)
Issuance of preferred stock, net of transaction fees 0 9,723
Issuance of common stock (2) (105)
Issuance of treasury stock 14 65
Payment of finance leases (603)  
Payment of finance leases   (377)
Net cash provided by financing activities 3,432 8,881
Effect of exchange rate changes on cash and cash equivalents (311) (1,207)
Net increase in cash and cash equivalents 10,856 1,981
Cash and cash equivalents at beginning of period 20,882 8,397
Cash and cash equivalents at end of period 31,738 10,378
Supplemental disclosures    
Cash paid for interest 643 113
Cash received for income taxes 19,329 41
Non-cash investing and financing activities    
Purchases of property, plant and equipment included in accounts payable $ 489 $ 36