XML 20 R9.htm IDEA: XBRL DOCUMENT v3.21.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash flows from operating activities:    
Net earnings $ 11,080 $ 1,769
Adjustments to reconcile net earnings to net cash (used in) provided by operating activities:    
Depreciation and amortization 8,478 8,234
Stock-based compensation 1,198 1,220
Amortization of deferred financing costs 331 316
Deferred income taxes 576 (1,030)
Net unrealized (gains) losses on foreign currency revaluation (131) 58
Gain on sale of property (6,175) 0
Other, net 496 105
Changes in operating assets and liabilities:    
Accounts receivable, net (12,593) (2,463)
Unbilled receivables (4,142) 984
Inventories (10,362) 1,906
Accounts payable 11,066 994
Accrued expenses 4,148 1,307
Other operating assets/liabilities, net (5,893) 3,443
Net cash (used in) provided by operating activities (1,923) 16,843
Cash flows from investing activities:    
Purchases of property, plant and equipment (2,465) (2,980)
Payments for acquisitions, net of cash acquired (16,811) 0
Proceeds from disposal/sale of property, plant and equipment 6,756 20
Net cash used in investing activities (12,520) (2,960)
Cash flows from financing activities:    
Dividends paid to common stockholders (1,630) (1,613)
Deferred financing costs 0 (600)
Repayments of long-term debt (2,974) (8,179)
Net cash used in financing activities (4,604) (10,392)
Effect of exchange rate changes on cash and cash equivalents 533 (492)
Net (decrease) increase in cash and cash equivalents (18,514) 2,999
Cash and cash equivalents - beginning of period 84,939 72,289
Cash and cash equivalents - end of period 66,425 75,288
Supplementary information:    
Income taxes, net of refunds received 2,036 1,473
Interest payments 1,174 2,339
Goodwill 28,178  
Cash paid for acquisitions, net of cash acquired 16,811 (0)
RMS and EOS Acquisitions [Member]    
Supplementary information:    
Fair value of identifiable net assets acquired 16,055 0
Goodwill 4,659 0
Fair value of net assets acquired 20,714 0
Fair value of consideration transferred 20,714 0
Less: Cash acquired in acquisitions $ (3,903) $ 0