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Condensed Consolidated Statements of Cash Flows
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
USD ($)
Jun. 30, 2021
USD ($)
Jun. 30, 2020
USD ($)
Operating activities:      
Net income $ 2,935 $ 6,531 $ 13,152
Adjustments to reconcile net income to net cash used in operating activities:      
Depreciation and amortization   3,939 3,020
Stock-based compensation   2,574 (7,513)
Deferred income taxes   (308) 2,514
Changes in operating assets and liabilities, net of acquisition      
Accounts receivable   (1,664) 3,887
Inventories   (752) 311
Miscellaneous receivables, prepaid expenses and other assets   (975) (499)
Accounts payable and other liabilities   (561) (7,527)
Other   508 492
Net cash provided by operating activities   9,292 7,837
Investing activities:      
Purchases of property, plant and equipment   (3,874) (720)
Business acquisition   (33,000) 0
Net cash used in investing activities   (36,874) (720)
Financing activities:      
Net proceeds from revolving line of credit   5,000 (559)
Repurchase treasury shares   (13) (1,756)
Payment of financing lease principal (135) (135) (135)
Proceeds from stock option exercise   0 15
Net cash provided by (used in) financing activities   4,852 (2,435)
Effect of exchange rate changes on cash and cash equivalents   197 (165)
Increase (decrease) in cash, cash equivalents and restricted cash   (22,533) 4,517
Cash, cash equivalents and restricted cash at beginning of period   29,391 6,297
Cash, cash equivalents and restricted cash at end of period 6,858 6,858 10,814
Cash and cash equivalents 5,855 5,855 10,012
Restricted cash 1,003 1,003 802
Cash, cash equivalents and restricted cash $ 6,858 6,858 10,814
Supplemental disclosure of cash flow information      
Net cash paid for income taxes   3,671 207
Net cash paid for interest   $ 317 $ 247