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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash Flows From Operating Activities:    
Net income $ 11,927 $ 4,035
Adjustments to reconcile net income to net cash provided by (used in) operating activities    
Depreciation and amortization 4,431 3,750
Deferred income taxes (7,029) (488)
Stock-based compensation expense 797 789
Debt issue cost amortization recorded in interest expense 35 38
Other 890 72
Changes in operating assets and liabilities, net of acquisition:    
Trade receivables (9,912) (7,463)
Inventories 56 (3,978)
Prepaid expenses and other assets 1,862 275
Accounts payable 4,994 3,043
Accrued liabilities (2,484) (3,039)
Net cash provided by (used in) operating activities 5,567 (2,966)
Cash Flows From Investing Activities:    
Purchase of property and equipment (3,076) (1,696)
Consideration paid for acquisitions, net of cash acquired   (14,541)
Net cash used in investing activities (3,076) (16,237)
Cash Flows From Financing Activities:    
Proceeds from issuance of long-term debt   26,979
Payment of debt issuance costs   (401)
Tax withholdings related to net share settlements of restricted stock (256) (256)
Net cash (used in) provided by financing activities (256) 26,322
Effect of foreign exchange rate changes on cash (641) (152)
Net increase in cash and cash equivalents 1,594 6,967
Cash and cash equivalents at beginning of period 23,131 13,416
Cash and cash equivalents at end of period 24,725 20,383
Supplemental disclosure of cash flow information:    
Property, plant and equipment purchases in accounts payable or accrued expenses $ 793 $ 540