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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash flows from operating activities:    
Net income $ 3,890 $ 11,054
Adjustments to reconcile net income to net cash provided by (used for) operating activities:    
Depreciation and amortization 11,935 7,220
Deferred income taxes (260) 601
Stock-based compensation 982 1,201
Loss from equity method investment 27 4
Changes in operating assets and liabilities:    
Accounts receivable (11,395) (18,626)
Contract assets 447 (5,745)
Inventories (6,617) (8,796)
Accounts payable 15,498 9,471
Accrued payroll and other compensation 2,443 (2,432)
Accrued taxes 396 877
Other, net (2,976) 1,209
Net cash provided by (used for) operating activities 14,370 (3,962)
Cash flows from investing activities:    
Capital expenditures (9,239) (7,676)
Proceeds from the sale of property, plant and equipment 256 0
Net cash used for investing activities (8,983) (7,676)
Cash flows from financing activities:    
Debt repayments (7,067) (57)
Common stock issued 0 666
Common stock repurchased (43) (823)
Net cash used for financing activities (7,110) (214)
Effect of exchange rate changes on cash 360 1,080
Decrease in cash and cash equivalents (1,363) (10,772)
Cash and cash equivalents at beginning of period 49,237 59,875
Cash and cash equivalents at end of period $ 47,874 $ 49,103