XML 17 R6.htm IDEA: XBRL DOCUMENT v3.24.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash Flows from Operating Activities    
Net (loss) income $ (27,863) $ 407
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:    
Depreciation and amortization expense 3,107 3,051
Stock-based compensation 1,654 1,203
Pension cost (payment), net 31,027 16
Deferred income taxes (10,254) (453)
Changes in assets and liabilities:    
Accounts receivable and contract assets (287) 3,816
Prepaid expenses, income tax receivable and other current assets (79) 4,106
Accounts payable and accrued expenses (1,989) (3,785)
Deferred revenue and customer advances 205 1,091
Customer postage and program deposits (385) 222
Other accrued expenses and liabilities (2,168) (3,564)
Net cash (used in) provided by operating activities (7,032) 6,110
Cash Flows from Investing Activities    
Purchases of property, plant and equipment (3,119) (1,480)
Proceeds from sale of property, plant and equipment 1 3
Net cash used in investing activities (3,118) (1,477)
Cash Flows from Financing Activities    
Debt financing costs 0 (6)
Payment of finance leases (45) (144)
Repurchase of common stock 0 (2,370)
Treasury stock activities (280) (610)
Net cash used in financing activities (325) (3,130)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (1,945) 1,421
Net (decrease) increase in cash and cash equivalents and restricted cash (12,420) 2,924
Cash and cash equivalents and restricted cash at beginning of period 18,864 11,364
Cash and cash equivalents and restricted cash at end of period 6,444 14,288
Supplemental disclosures    
Cash (received) paid for interest (34) 198
Cash paid for (received) income taxes, net 1,194 (3,369)
Non-cash investing and financing activities    
Purchases of property, plant and equipment included in accounts payable 1,402 1,935
Cash and cash equivalents 5,944 13,288
Cash held in Escrow account included in other assets 500 1,000
Cash and cash equivalents at end of period $ 6,444 $ 14,288