|
Cash flows from operating activities:
|
|
|
|
|
|
|
|
|
|
|
|
|
Adjustments to reconcile net income to net cash provided by operating activities:
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Income (Loss) Attributable to Parent
|
|
$1.0m
|
$12.3m
|
$22.1m
|
$10.9m
|
$26.4m
|
$14.3m
|
$24.0m
|
$21.5m
|
$23.1m
|
$23.0m
|
|
Depreciation, Depletion and Amortization
|
|
$3.7m
|
$3.7m
|
$3.9m
|
$4.4m
|
$5.3m
|
$5.9m
|
$4.8m
|
$4.1m
|
$4.0m
|
$3.8m
|
|
Amortization of Intangible Assets
|
|
$631k
|
$631k
|
$630k
|
$575k
|
$16k
|
$12k
|
—
|
—
|
—
|
—
|
|
Depreciation
|
|
$3.0m
|
$3.0m
|
$3.2m
|
$3.8m
|
$3.9m
|
$4.5m
|
$4.7m
|
$4.1m
|
$4.0m
|
$3.8m
|
|
Deferred Income Tax Expense (Benefit)
|
|
($452k)
|
($8.9m)
|
($10.4m)
|
$1.4m
|
$5.8m
|
($355k)
|
$1.2m
|
($131k)
|
$1.3m
|
$1.8m
|
|
Share-based Payment Arrangement, Noncash Expense
|
|
$3.3m
|
$4.1m
|
$5.2m
|
$5.7m
|
$4.8m
|
$6.1m
|
$6.5m
|
$8.0m
|
$10.3m
|
$7.7m
|
|
Payment, Tax Withholding, Share-based Payment Arrangement
|
|
—
|
$270k
|
$150k
|
$110k
|
$23k
|
$0
|
$0
|
—
|
—
|
—
|
|
Share-based Payment Arrangement, Expense
|
|
$3.3m
|
$4.1m
|
$5.2m
|
$5.7m
|
$4.8m
|
$6.1m
|
$6.5m
|
$8.0m
|
$10.3m
|
$7.7m
|
|
Goodwill, Impairment Loss
|
|
—
|
—
|
—
|
—
|
—
|
$0
|
—
|
$0
|
$0
|
$0
|
|
Impairment of Intangible Assets (Excluding Goodwill)
|
|
—
|
—
|
—
|
—
|
—
|
$0
|
$0
|
—
|
—
|
—
|
|
Impairment of Intangible Assets, Finite-lived
|
|
$0
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
|
Operating Lease, Impairment Loss
|
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
$200k
|
|
Gain (Loss) on Disposition of Property Plant Equipment
|
|
—
|
—
|
($408k)
|
($389k)
|
—
|
—
|
—
|
—
|
—
|
—
|
|
Income Tax Expense (Benefit)
|
|
($390k)
|
($8.4m)
|
($10.7m)
|
$1.3m
|
$5.7m
|
($265k)
|
$2.0m
|
$1.2m
|
$2.7m
|
$4.6m
|
|
Other Nonoperating Income (Expense)
|
|
$290k
|
($188k)
|
($80k)
|
($118k)
|
($74k)
|
($31k)
|
$334k
|
($101k)
|
($207k)
|
$92k
|
|
Changes in operating assets and liabilities:
|
|
|
|
|
|
|
|
|
|
|
|
|
Additional Financial Items
|
|
|
|
|
|
|
|
|
|
|
|
|
Increase (Decrease) in Accounts Receivable
|
|
$244k
|
$761k
|
($1.9m)
|
$2.7m
|
($1.1m)
|
$8.8m
|
$13.5m
|
$12.9m
|
$17.2m
|
$12.7m
|
|
Increase (Decrease) in Inventories
|
|
($2.3m)
|
$1.2m
|
$1.9m
|
$3.3m
|
$1.6m
|
$8.8m
|
$8.3m
|
($1.4m)
|
($1.2m)
|
($7k)
|
|
Increase (Decrease) in Accounts Payable
|
|
($360k)
|
$2.1m
|
($2.3m)
|
($373k)
|
($205k)
|
($155k)
|
$138k
|
$2.6m
|
$787k
|
($1.5m)
|
|
Foreign Currency Transaction Gain (Loss), before Tax
|
|
($13k)
|
($144k)
|
$10k
|
$27k
|
—
|
—
|
—
|
—
|
—
|
—
|
|
General and Administrative Expense
|
|
$16.6m
|
$17.4m
|
$21.5m
|
$22.8m
|
$25.5m
|
$25.2m
|
$28.3m
|
$28.9m
|
$33.1m
|
$29.8m
|
|
Goodwill
|
|
$12.8m
|
$12.8m
|
$12.8m
|
$12.8m
|
$12.8m
|
$12.8m
|
$12.8m
|
$12.8m
|
$12.8m
|
$12.8m
|
|
Nonoperating Income (Expense)
|
|
$287k
|
$680k
|
$1.5m
|
$1.9m
|
$839k
|
$173k
|
$1.2m
|
$3.7m
|
$6.0m
|
$3.7m
|
|
Operating Expenses
|
|
$36.5m
|
$40.8m
|
$46.7m
|
$56.2m
|
$59.4m
|
$57.4m
|
$62.5m
|
$68.0m
|
$77.2m
|
$64.0m
|
|
Revenue from Contract with Customer, Including Assessed Tax
|
|
—
|
—
|
$61.0m
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
|
Unrealized Gain (Loss) on Derivatives
|
|
($33k)
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
|
Net Cash Provided by (Used in) Operating Activities
|
|
$5.0m
|
$2.9m
|
$7.6m
|
$5.3m
|
$16.9m
|
$13.5m
|
$12.6m
|
$26.1m
|
$20.5m
|
$18.8m
|
|
Cash flows from investing activities:
|
|
|
|
|
|
|
|
|
|
|
|
|
Payments to Acquire Property, Plant, and Equipment
|
|
$1.1m
|
$7.4m
|
$5.2m
|
$7.4m
|
$6.8m
|
$6.7m
|
$4.2m
|
$2.6m
|
$1.3m
|
$1.3m
|
|
Gain (Loss) on Sale of Investments
|
|
—
|
—
|
—
|
$10k
|
—
|
—
|
—
|
—
|
—
|
—
|
|
Net Cash Provided by (Used in) Investing Activities
|
|
($40.1m)
|
($38.9m)
|
($10.2m)
|
($6.9m)
|
$46.6m
|
($20.6m)
|
($6.9m)
|
($19.1m)
|
($15.7m)
|
$34.0m
|
|
Cash flows from financing activities:
|
|
|
|
|
|
|
|
|
|
|
|
|
Proceeds from Issuance of Long-term Debt
|
|
—
|
$0
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
|
Repayments of Long-term Debt
|
|
$10k
|
$11k
|
$27k
|
$0
|
$0
|
—
|
—
|
—
|
—
|
—
|
|
Proceeds from Issuance of Common Stock
|
|
$6.6m
|
$5.5m
|
$4.3m
|
$6.1m
|
$4.4m
|
$10.6m
|
$3.0m
|
$4.8m
|
$7.1m
|
$1.8m
|
|
Payments for Repurchase of Common Stock
|
|
$9.4m
|
$4.3m
|
$10.0m
|
$0
|
$0
|
$23.3m
|
$26.7m
|
$0
|
$50.4m
|
$35.6m
|
|
Net Cash Provided by (Used in) Financing Activities
|
|
($2.8m)
|
$951k
|
($5.9m)
|
$6.0m
|
$4.4m
|
($12.8m)
|
($23.7m)
|
$4.8m
|
($43.3m)
|
($34.5m)
|
|
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents
|
|
—
|
—
|
($8k)
|
$0
|
$26k
|
($68k)
|
($20k)
|
$33k
|
($52k)
|
$98k
|
|
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect
|
|
($41k)
|
($57k)
|
($8.5m)
|
$4.3m
|
$67.9m
|
($19.9m)
|
($18.0m)
|
$11.8m
|
($38.5m)
|
$18.3m
|
|
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents
|
|
($38.0m)
|
$30.6m
|
$22.1m
|
$26.5m
|
$94.4m
|
$74.5m
|
$56.5m
|
$68.2m
|
$29.8m
|
$48.1m
|
|
Cash, Cash Equivalents, and Short-term Investments
|
|
—
|
$97.8m
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
|
Supplemental disclosure of cash flow information:
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest Paid, Excluding Capitalized Interest, Operating Activities
|
|
—
|
—
|
$1k
|
$0
|
$0
|
—
|
—
|
—
|
—
|
—
|
|
Income Taxes Paid, Net
|
|
$51k
|
$57k
|
$610k
|
$52k
|
$52k
|
$76k
|
$549k
|
$505k
|
$1.6m
|
$1.4m
|