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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 18,541 $ 5,157
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 3,959 4,211
Provision for bad debts - accounts receivable 4,517 361
Share-based compensation expense 1,061 1,032
Deferred income tax benefit (2,417) (1,979)
Gain on sale of property, plant and equipment 0 (3)
Change in fair value of acquisition-related contingent liabilities 1,165 417
Changes in assets and liabilities:    
Accounts receivable - trade (12,261) (7,230)
Accounts receivable - other 264 280
Contract assets 3,404 5,562
Inventories 492 2,113
Prepaid expenses and other current assets (1,479) (2,625)
Other assets 390 (2,102)
Accounts payable and other current liabilities 21,023 (14)
Long-term pension liability 639 812
Other long-term liabilities 464 759
Net cash provided by operating activities 39,762 6,751
CASH FLOWS FROM INVESTING ACTIVITIES    
Additions to property, plant and equipment (4,893) (4,979)
Proceeds from disposals of property, plant and equipment 0 3
Net cash used in investing activities (4,893) (4,976)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from borrowings of debt 77,525 94,466
Repayment of debt (111,838) (88,667)
Payment of cash dividends (1,521) (3,023)
Payment of acquisition-related contingent liability (1,966) (961)
Proceeds received on exercise of stock options 33 280
Tax (provision) benefit from vesting of acquisition-related restricted stock (13) 30
Common stock reacquired and retired (500) (1,036)
Net cash provided by (used in) financing activities (38,280) 1,089
Effect of currency exchange rates on cash (525) 41
Net increase (decrease) in cash and cash equivalents (3,936) 2,905
Cash and cash equivalents balance, beginning of period 9,038 5,362
Cash and cash equivalents balance, end of period $ 5,102 $ 8,267