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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities:    
Net earnings $ 14,572 $ 5,064
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities:    
Depreciation and amortization 3,236 4,301
Stock-based compensation 902 576
Amortization of deferred financing costs 33 34
Deferred tax benefit (1,137) (451)
Net unrealized losses (gains) on foreign currency revaluation 199 (289)
Other, net 465 131
Changes in operating assets and liabilities:    
Accounts receivable, net (1,316) (6,694)
Unbilled receivables 3,175 7,719
Inventories 7,652 (16,344)
Accounts payable (4,831) (1,194)
Accrued expenses (6,417) (3,564)
Accrued restructuring costs 2,590 0
Income taxes payable 3,931 473
Other operating assets/liabilities, net (6,219) 2,490
Net cash provided by (used in) operating activities 16,835 (7,748)
Cash flows from investing activities:    
Purchases of property, plant and equipment (3,761) (2,040)
Payments for equity method investment (9,975) 0
Proceeds from sale of property, plant and equipment 25 87
Net cash used in investing activities (13,711) (1,953)
Cash flows from financing activities:    
Dividends paid to common stockholders (829) (823)
Borrowings under revolving credit line 5,000 0
Net cash provided by (used in) financing activities 4,171 (823)
Effect of exchange rate changes on cash and cash equivalents 279 3
Net increase (decrease) in cash and cash equivalents 7,574 (10,521)
Cash and cash equivalents - beginning of period 70,266 61,756
Cash and cash equivalents - end of period 77,840 51,235
Supplementary information:    
Income taxes, net of refunds received 976 1,152
Interest payments 1,415 461
ROU assets obtained in exchange for lease obligations $ 380 $ 3,340