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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities:    
Net earnings $ 52,689 $ 24,821
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 14,863 16,861
Stock-based compensation 2,382 2,300
Amortization of deferred financing costs 34 1,302
Deferred income taxes (4,594) 441
Unrealized (gains) losses on foreign currency revaluation (278) 44
Gain on sale of property, plant and equipment (1,596) (6,440)
Other, net 1,195 1,276
Changes in operating assets and liabilities:    
Accounts receivable (20,702) (12,982)
Unbilled receivables 10,031 (14,140)
Inventories (36,592) (34,005)
Other current assets (1,210) (2,240)
Other assets 7,000 (1,182)
Accounts payable 1,522 23,961
Accrued expenses 10,933 4,684
Accrued restructuring costs 6,784 (119)
Other liabilities (4,162) 1,560
Income taxes payable 1,958 (1,510)
Net cash provided by operating activities 40,257 4,632
Cash flows from investing activities:    
Purchase of property, plant and equipment (8,832) (9,397)
Payment for acquisitions, net of cash acquired 0 (16,811)
Proceeds from disposal/sale of property, plant and equipment 1,833 7,330
Net cash used in investing activities (6,999) (18,878)
Cash flows from financing activities:    
Dividends paid to common shareholders (3,413) (3,379)
Purchase of treasury stock (349) 0
Deferred financing costs 0 (675)
Borrowings under revolving credit line 0 115,000
Repayments under revolving credit line (17,500) (14,500)
Repayments of long-term debt 0 (104,846)
Net cash used in financing activities (21,262) (8,400)
Effect of exchange rate changes on cash (3,486) (537)
Net increase (decrease) in cash and cash equivalents 8,510 (23,183)
Cash and cash equivalents - beginning of year 61,756 84,939
Cash and cash equivalents - end of year 70,266 61,756
Supplemental cash flow information:    
Income taxes, net of refunds received 14,618 2,872
Interest payments 3,371 2,140
Goodwill 25,099 26,651
Cash paid for acquisitions, net of cash acquired (0) 16,811
RMS and EOS Acquisitions [Member]    
Supplemental cash flow information:    
Fair value of identifiable net assets acquired 0 18,215
Goodwill 0 2,499
Fair value of net assets acquired 0 20,714
Fair value of consideration transferred 0 20,714
Less: Cash acquired in acquisitions $ 0 $ (3,903)