XML 17 R6.htm IDEA: XBRL DOCUMENT v3.24.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flow from operating activities:      
Net Income (Loss) $ 604 $ (1,624) $ (128,493)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:      
Depreciation and amortization 30,324 29,421 30,381
Stock-based compensation expense 10,892 10,363 14,895
Restructuring and other charges (2,042) 7,829 75,214
Gain on sale of property, plant and equipment (8,754) (20,019) (4,482)
Acquisition costs 3,381 0 0
Deferred income taxes (2,867) 6,401 (8,701)
Changes in operating assets and liabilities:      
Trade receivables, net (25,839) 8,566 13,966
Unbilled receivables (3,245) (43,077) 37,721
Inventories, net (28,635) (1,151) (5,482)
Prepaids and other assets 30,751 (12,545) 10,650
Accounts payable and accrued expenses 4,210 (20,768) 3,015
Other, net (1,053) (167) (256)
Net cash provided by (used in) operating activities 7,727 (36,771) 38,428
Cash flows from investing activities:      
Purchase of property, plant and equipment (32,626) (18,866) (9,990)
Proceeds from sale of property, plant and equipment 28,776 20,993 6,783
Acquisition of Great North, net of cash acquired (82,287) 0 0
Purchase of short-term investments (48,866) (32,232) 0
Maturities of short-term investments 55,190 0 0
Net cash used in investing activities (79,813) (30,105) (3,207)
Cash flows from financing activities:      
Repurchase of common shares 0 (20,807) (24,191)
Other (124) (83) (109)
Net cash used in financing activities (124) (20,890) (24,300)
Effect of exchange rate changes on cash activities (1,194) (2,881) (1,425)
Increase (decrease) in cash and cash equivalents (73,404) (90,647) 9,496
Cash and cash equivalents at beginning of year 264,804 355,451 345,955
Cash and cash equivalents at end of year $ 191,400 $ 264,804 $ 355,451