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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Cash Flows from Operating Activities        
Net income $ 4,461 $ 10,569 $ 7,806 $ 8,811
Adjustments to reconcile net income to net cash provided by (used in) operating activities:        
Depreciation expense     1,184 1,361
Restructuring     0 309
Stock-based compensation     850 762
Gain from extinguishment of debt (Paycheck Protection Program Term Note) 0 (10,000) 0 (10,000)
Net pension payment     (365) (596)
Changes in assets and liabilities:        
Increase in accounts receivable and contract assets     (581) (5,932)
Decrease (increase) in prepaid expenses, income tax receivable and other current assets     526 (590)
Increase in accounts payable and accrued expenses     1,510 653
(Decrease) increase in other accrued expenses and liabilities     (1,068) 508
Net cash provided by (used in) operating activities     9,862 (4,714)
Cash Flows from Investing Activities        
Purchases of property, plant and equipment     (3,616) (984)
Proceeds from sale of property, plant and equipment     57 101
Net cash used in investing activities     (3,559) (883)
Cash Flows from Financing Activities        
Borrowings     5,000 0
Repayment of borrowings     0 (4,000)
Debt financing costs     (123) (301)
Payment of finance leases     (101) (112)
Treasury stock activities     (268) (118)
Net cash provided by (used in) financing activities     4,508 (4,531)
Effect of exchange rate changes on cash, cash equivalents and restricted cash     (3,111) (462)
Net increase (decrease) in cash and cash equivalents and restricted cash     7,700 (10,590)
Cash and cash equivalents and restricted cash at beginning of period     15,133 33,562
Cash and cash equivalents and restricted cash at end of period 22,833 22,972 22,833 22,972
Supplemental disclosures        
Cash paid for interest     186 264
Cash paid for income taxes, net     478 959
Non-cash investing and financing activities        
Purchases of property, plant and equipment included in accounts payable     2,576 1,322
Cash and cash equivalents 10,570 11,911 10,570 11,911
Restricted cash 2,337 3,222 2,337 3,222
Cash held in Escrow account included in other current assets (see Note E) 9,926 0 9,926 0
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Disposal Group, Including Discontinued Operations $ 22,833 $ 22,972 $ 22,833 $ 22,972