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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities    
Net (loss) income $ (17,330) $ 25,893
Adjustments to reconcile net (loss) income to net cash provided by operating activities    
Depreciation, software amortization 2,740 3,941
Intangible asset amortization 0 113
Restructuring 4,991 0
Stock-based compensation 424 1,274
Net pension cost 1,379 856
Interest accretion on contingent consideration 0 742
Deferred income taxes 576 (821)
Gain on sale 0 (32,760)
Other, net 0 614
Changes in assets and liabilities:    
Decrease in accounts receivable, net and contract assets 14,592 8,871
Decrease in inventory 39 125
Decrease (increase) in prepaid expenses, income tax receivable and other assets 18,223 (9,725)
(Decrease) increase in accounts payable (11,630) 11,138
Increase (decrease) in other accrued expenses and liabilities 1,323 (7,760)
Net cash provided by operating activities 15,327 2,501
Cash flows from investing activities    
Dispositions, net of cash transferred 0 3,929
Purchases of property, plant and equipment (1,306) (2,111)
Proceeds from sale of property, plant and equipment 15 0
Net cash (used in) provided by investing activities (1,291) 1,818
Cash flows from financing activities    
Borrowings 4,500 9,000
Repayment of borrowings 0 (9,000)
Debt financing costs (328) (980)
Issuance of preferred stock, net of transaction fees 0 9,723
Issuance of common stock (2) (70)
Issuance of treasury stock 14 37
Payment of finance leases (451) (254)
Net cash provided by financing activities 3,733 8,456
Effect of exchange rate changes on cash and cash equivalents 349 (959)
Net increase in cash and cash equivalents 18,118 11,816
Cash and cash equivalents at beginning of period 20,882 8,397
Cash and cash equivalents at end of period 39,000 20,213
Supplemental disclosures    
Cash paid for interest 411 79
Cash received for income taxes 19,465 155
Non-cash investing and financing activities    
Purchases of property, plant and equipment included in accounts payable $ 609 $ 78