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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES    
Net earnings (loss) $ 892 $ 5,610
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities:    
Depreciation and amortization 2,806 2,350
Provision for excess and obsolete inventory 306 266
Foreign exchange (gain) loss 13 (47)
Amortization of deferred compensation related to stock-based awards 913 1,079
Discount on shares sold under Employee Stock Purchase Plan (15) (14)
Loss on disposal of property and equipment 19 98
Deferred income tax expense (benefit) 347 (685)
Changes in assets and liabilities:    
Trade accounts receivable (5,693) (372)
Inventories 1,966 (693)
Prepaid expenses and other current assets 1,296 212
Other assets (118) 2
Operating lease liabilities (765) (849)
Accounts payable (1,899) (1,607)
Accrued wages and benefits (681) (351)
Accrued professional fees (124) 117
Customer deposits and deferred revenue (861) 625
Accrued sales commissions (244) (266)
Domestic and foreign income taxes payable (851) (220)
Other current liabilities (94) 76
Deferred revenue, net of current portion (75) 0
Other liabilities (183) (17)
Net cash (used in) provided by operating activities (3,015) 5,342
CASH FLOWS FROM INVESTING ACTIVITIES    
Acquisition of business, net of cash acquired (18,727) 0
Purchase of property and equipment (656) (709)
Net cash used in investing activities (19,383) (709)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net proceeds from public offering of common stock 0 19,244
Proceeds from short-term borrowings 1,120 0
Repayments of long-term borrowings (3,129) (2,050)
Proceeds from stock options exercised 116 900
Proceeds from shares sold under Employee Stock Purchase Plan 84 83
Settlement of employee tax liabilities in connection with treasury stock transaction (41) (74)
Net cash (used in) provided by financing activities (1,850) 18,103
Effects of exchange rates on cash (642) 123
Net cash (used in) provided by all activities (24,890) 22,859
Cash, cash equivalents and restricted cash at beginning of period 45,260 14,576
Cash, cash equivalents and restricted cash at end of period 20,370 37,435
Cash payments for:    
Domestic and foreign income taxes 1,153 2,060
Details of acquisition:    
Fair value of assets acquired, net of cash 32,189  
Liabilities assumed (24,929)  
Stock issued (2,086)  
Goodwill resulting from acquisition 13,553  
Net cash paid for acquisition $ 18,727 $ (0)