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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flows provided by (used in) operating activities:      
Net (loss) income $ 13,833 $ (1,010) $ (1,412)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Depreciation 14,281 11,303 9,632
Amortization of purchased intangible assets 36,926 1,391 1,449
Amortization of deferred debt issuance costs 553 248 207
Amortization of acquisition-related inventory valuation step-up 430 0 0
Stock-based compensation 10,058 6,574 5,675
Deferred income taxes (599) (1,846) (2,313)
Restructuring expenses, net and asset impairments 182 127 3,387
Other 1,344 (204) 247
Change in:      
Accounts receivable, net (23,108) (9,769) 30,227
Inventories (33,766) (12,440) 2,992
Prepaid expenses and other 9,118 (19,413) 675
Accounts payable 7,086 13,584 (14,772)
Contract liabilities 11,183 1,613 1,985
Accrued expenses and other liabilities (2,585) (2,970) (7,617)
Net cash provided by (used in) operating activities 44,936 (12,812) 30,362
Cash flows used in investing activities:      
Acquisition of business, net of cash acquired 0 (261,000) 0
Consideration adjustments related to acquisition of business (Note 3) (2,404) 0 0
Promissory note to redeemable noncontrolling interest holder 0 (24,902) 0
Investment in marketable securities 0 (123,984) (25,740)
Proceeds from maturities of marketable securities 0 4,799 0
Proceeds from sales of marketable securities 0 144,921 0
Acquisition of property, plant and equipment (18,584) (8,659) (13,853)
Proceeds on sale of property, plant and equipment 62 1,019 36
Net cash used in investing activities (20,926) (267,806) (39,557)
Cash flows (used in) provided by financing activities:      
Borrowings on term loan 0 150,000 0
Repayments on term loan (15,000) 0 0
Repayments on capital expenditure facility 0 (11,750) (3,125)
Payments of debt issuance costs (180) (2,337) (90)
Distributions to redeemable noncontrolling interest holder (12,300) 0 0
Net proceeds from issuance of common stock to employees and directors 201 434 431
Treasury stock purchases (1,231) (2,485) (1,890)
Payment of dividends 0 0 (3,749)
Net cash (used in) provided by financing activities (28,510) 282,585 17,317
Effects of exchange rates on cash (1,166) 656 (288)
Net (decrease) increase in cash and cash equivalents (5,666) 2,623 7,834
Cash and cash equivalents, beginning of the period 30,810 28,187 20,353
Cash and cash equivalents, end of the period 25,144 30,810 28,187
Supplemental cash flow information:      
Non-cash consideration for acquisition of business, net of cash acquired 740 21,716 0
Non-cash lease liabilities arising from obtaining right-of-use assets 3,978 41,219 0
Cash paid during the period for -      
Interest 6,236 51 402
Income taxes, net 2,860 7,533 497
Equity Offering      
Cash flows (used in) provided by financing activities:      
Net proceeds from issuance of common stock 0 123,461 0
ATM Offering      
Cash flows (used in) provided by financing activities:      
Net proceeds from issuance of common stock $ 0 $ 25,262 $ 25,740