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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income $ 41,026 $ 12,066 $ 16,975
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 8,132 8,272 7,906
Provision for bad debts - accounts receivable 6,746 1,323 867
Share-based compensation expense 2,530 1,484 2,264
Deferred income tax benefit (4,987) (1,595) (665)
Gain on sale of property, plant and equipment (2,164) (5) 0
Change in fair value of acquisition-related contingent liabilities 4,119 (74) (1,116)
Changes in assets and liabilities, net of acquisition of business:      
Accounts receivable (29,251) (17,104) (4,886)
Accounts receivable - other (273) 660 105
Contract assets (699) 10,703 (3,382)
Inventories (16,763) (4,984) 2,429
Prepaid expenses and other current assets (1,474) (3,479) 2,622
Other assets 464 (1,717) (1,257)
Accounts payable and other current liabilities 32,690 10,904 (1,344)
Long-term pension liability (508) 2,138 (128)
Other long-term liabilities 1,771 1,415 (526)
Net cash provided by operating activities 41,359 20,007 19,864
CASH FLOWS FROM INVESTING ACTIVITIES      
Additions to property, plant and equipment (11,857) (9,672) (4,869)
Proceeds from disposals of property, plant and equipment 5,284 5 0
Acquisition of businesses, net of acquired cash 0 0 (85,597)
Net cash used in investing activities (6,573) (9,667) (90,466)
CASH FLOWS FROM FINANCING ACTIVITIES      
Proceeds from borrowings of debt 202,349 165,314 206,025
Repayment of debt (234,063) (163,645) (127,439)
Payment of cash dividends (6,111) (6,046) (5,836)
Payment of acquisition-related contingent liabilities (1,966) (961) (2,861)
Proceeds received on exercise of stock options 1,927 283 727
Tax withholdings on exercise of stock rights (66) 0 (17)
Tax (provision) benefit from vesting of acquisition-related restricted stock (13) 30 445
Common stock reacquired and retired (500) (1,685) (2,906)
Net cash provided by (used in) financing activities (38,443) (6,710) 68,138
Effect of currency exchange rates on cash (209) 46 (304)
Net increase (decrease) in cash and cash equivalents (3,866) 3,676 (2,768)
Cash and cash equivalents balance, beginning of period 9,038 5,362 8,130
Cash and cash equivalents balance, end of period 5,172 9,038 5,362
Supplemental disclosure of cash flow information:      
Income taxes paid 13,390 7,146 1,088
Interest paid $ 1,490 $ 3,979 $ 2,724