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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Operating activities    
Net income (loss) $ (10,421) $ 110
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 17,242 22,713
Stock-based compensation expense 7,585 6,783
Gain on sale of equipment (5,099) (88)
Deferred income taxes 578 (1,486)
Changes in operating assets and liabilities:    
Trade receivables, net 7,007 (4,823)
Inventories 22,731 29,246
Prepaids and other assets (3,117) 4,471
Accounts payable and accrued expenses (13,374) (18,226)
Other, net 334 0
Net cash provided by operating activities 23,466 38,700
Investing activities    
Purchase of property, plant and equipment (19,605) (12,936)
Proceeds from sale of equipment 10,517 610
Acquisition of business, net of cash acquired 0 (21,289)
Net cash used in investing activities (9,088) (33,615)
Financing activities    
Repurchase of common stock (9,830) 0
ABL Credit Facility issuance costs (815) 0
Proceeds from exercise of stock options 642 403
Net cash provided by (used in) financing activities (10,003) 403
Effect of exchange rate changes on cash activities (4,133) 8,002
Increase in cash and cash equivalents 242 13,490
Cash and cash equivalents at beginning of period 493,180 423,497
Cash and cash equivalents at end of period $ 493,422 $ 436,987