XML 16 R6.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 10,525 $ 7,532
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 3,586 3,418
Deferred tax expense 762 2,287
Stock based compensation 2,094 1,685
Unrealized benefit on foreign currency translation 0 (1)
Changes in operating assets and liabilities:    
Accounts receivable 7,376 377
Inventories (10,490) (5,661)
Other current assets (2,748) 197
Accounts payable 3,218 (1,817)
Accrued liabilities and other (1,824) 475
Other non-current assets (4,606) (3,997)
Deferred revenue and other (1,615) (2,614)
Net cash provided by operating activities 6,278 1,881
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from sale of equity investment 0 115
Purchase of minority interest (13,757) 0
Purchases of property and equipment (1,998) (2,126)
Proceeds from disposition of property and equipment 6 716
Net cash used in investing activities (15,749) (1,295)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of common stock 2,287 567
Repurchase of equity instruments (860) 0
Distributions to non-controlling interest members (963) 0
Proceeds from line of credit borrowings 40,307 25,417
Repayments of line of credit borrowings (34,666) (24,006)
Repayments of other debt (78) (279)
Net cash provided by financing activities 6,027 1,699
EFFECT OF EXCHANGE RATE CHANGES ON CASH 73 39
DECREASE IN CASH AND CASH EQUIVALENTS (3,371) 2,324
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 10,794 6,890
CASH AND CASH EQUIVALENTS, END OF PERIOD $ 7,423 $ 9,214