| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 |
|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | |||||||||
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | |||||||||
-92,295 | 15,110 | 27,625 | 35,101 | 26,803 | 20,383 | 48,124 | 10,642 | 2,501 | -9,818 |
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | |||||||||
-505 | -452 | -1,358 | -923 | -201 | -1,588 | -170 | 6,241 | -1,081 | -13,023 |
Net income (loss) | |||||||||
-92,800 | 14,658 | 26,267 | 34,178 | 26,602 | 18,795 | 47,954 | 16,883 | 1,420 | -22,841 |
Adjustments to reconcile net income (loss) to cash provided by (used in) | |||||||||
Asset impairment charge | |||||||||
- | - | 8,800 | 0 | 0 | - | - | - | - | - |
Depreciation and amortization | |||||||||
10,811 | 8,942 | 8,643 | 7,874 | 3,412 | 4,024 | 3,344 | 3,269 | 3,815 | 6,627 |
Provision for allowance for doubtful accounts | |||||||||
19 | 27 | 311 | 289 | 786 | 104 | 588 | -13 | 156 | 486 |
Inventory lower-of-cost-or-market/NRV adjustments | |||||||||
770 | 558 | 1,067 | 245 | 1,583 | 457 | 557 | 402 | 210 | 205 |
Stock-based compensation expense (benefit) | |||||||||
619 | 1,981 | 1,856 | 2,613 | 1,484 | 1,066 | 454 | 630 | 306 | 637 |
Loss on asset dispositions | |||||||||
-1,191 | -32 | -56 | -147 | -313 | -145 | -2 | 30 | -78 | -148 |
Goodwill and intangible impairment charge | |||||||||
72,000 | 0 | - | - | - | - | - | - | - | - |
Reduction of previously estimated asset disposal loss | |||||||||
- | - | - | - | - | - | - | - | 947 | 3,723 |
Deferred income taxes, net of valuation allowances | |||||||||
-10,613 | 3,229 | -8,556 | 9,510 | 11,669 | 8,007 | -32,814 | 145 | 431 | 290 |
Excess tax benefit related to stock-based awards | |||||||||
- | - | 0 | 1,857 | 28 | -180 | -145 | 0 | 0 | - |
Other | |||||||||
-90 | 133 | -117 | 5 | 0 | 0 | - | - | - | - |
Reclassification of foreign currency translation gains to income upon substantial liquidation of subsidiaries | |||||||||
- | - | - | - | - | - | - | 6,170 | 0 | 0 |
Changes in operating assets and liabilities: | |||||||||
Trade receivables | |||||||||
8,790 | 3,030 | -2,516 | 694 | 6,812 | 1,331 | 4,417 | -1,928 | 4,580 | -7,247 |
Inventories | |||||||||
-13,237 | 15,634 | 7,526 | 3,110 | 7,147 | 9,560 | -2,388 | 7,573 | 1,287 | -6,343 |
Prepaids and other assets | |||||||||
-3,012 | 495 | -1,080 | 1,415 | -1,365 | 314 | 1,174 | 1,314 | -1,117 | -458 |
Income taxes receivable | |||||||||
5,181 | -5,636 | 3,214 | -2,792 | -389 | 30 | -91 | 464 | -127 | 12,372 |
Trade payables | |||||||||
-13,451 | 19,312 | 449 | 6,464 | 4,506 | 10,456 | 4,487 | 4,189 | 4,041 | -12,620 |
Accrued liabilities and other liabilities, including warranty obligations | |||||||||
-3,677 | -2,826 | -3,044 | -5,606 | 3,776 | 2,313 | -337 | 3 | -35 | -6,288 |
Net cash provided by (used in) operating activities | |||||||||
-22,573 | 21,251 | 35,016 | 45,851 | 41,120 | 34,372 | 21,086 | 12,813 | 4,598 | -10,659 |
Cash flows from investing activities: | |||||||||
Purchases of available-for-sale-securities | |||||||||
0 | 29,522 | 88,413 | 34,739 | 61,933 | 37,434 | 0 | 0 | - | - |
Proceeds from sales and maturities of available-for-sale securities | |||||||||
25,271 | 61,365 | 62,939 | 32,923 | 55,292 | 10,450 | 0 | 0 | - | - |
Proceeds from sale of discontinued operations | |||||||||
- | - | - | - | - | - | 116 | 410 | 1,303 | 7,266 |
Proceeds from other asset sales | |||||||||
- | - | - | - | - | - | 5 | 6 | 0 | 16 |
Acquisition of business, net of cash acquired | |||||||||
0 | 2,750 | 0 | 3,468 | 114,062 | 0 | 0 | - | - | - |
Purchases of property, plant and equipment | |||||||||
8,952 | 10,380 | 3,792 | 4,656 | 5,734 | 3,181 | 3,590 | 2,442 | 2,506 | 222 |
Purchases of other investments in non-controlled affiliates | |||||||||
3,500 | 0 | - | - | - | - | - | - | - | - |
Proceeds from sales of available-for-sale securities | |||||||||
- | - | 0 | 71 | 3,602 | 0 | 0 | - | - | - |
Net decrease in restricted cash | |||||||||
- | - | - | - | - | - | - | - | -351 | -4,582 |
Net cash (used in) provided by investing activities | |||||||||
12,819 | 18,713 | -29,266 | -9,869 | -122,835 | -30,165 | -3,469 | -2,026 | -852 | 11,642 |
Cash flows from financing activities: | |||||||||
Proceeds from long-term debt | |||||||||
32,968 | 0 | - | - | 80,000 | 0 | 0 | - | - | 5,000 |
Payments on long-term debt | |||||||||
50,667 | 16,000 | 16,000 | 16,000 | 0 | 0 | - | 5,000 | 0 | 0 |
Proceeds from employee stock purchases | |||||||||
241 | 444 | 487 | 381 | 116 | 0 | 0 | - | - | - |
Financing costs | |||||||||
- | - | - | - | - | - | - | - | 35 | 324 |
Proceeds from exercise of stock options | |||||||||
75 | 366 | 560 | 356 | 1,050 | 378 | 357 | 113 | 3 | 0 |
Tax payments related to stock award issuances | |||||||||
107 | 396 | 741 | 239 | 775 | 0 | 0 | 0 | - | - |
Excess tax benefit related to stock-based awards | |||||||||
- | - | 0 | 1,857 | 28 | -180 | -145 | - | 0 | - |
Payments for stock repurchases | |||||||||
0 | 12,996 | 11,055 | 5,390 | 11,567 | 0 | 0 | - | - | - |
Net cash provided by (used in) financing activities | |||||||||
-17,490 | -28,582 | -26,749 | -19,035 | 68,852 | 198 | 212 | -4,887 | -32 | 4,676 |
Effect of exchange rate changes on cash and cash equivalents | |||||||||
189 | -1,150 | 1,018 | 149 | -1,565 | -178 | -57 | -120 | -583 | 1,348 |
(Decrease) increase in cash and cash equivalents | |||||||||
-27,055 | 10,232 | -19,981 | 17,096 | -14,428 | 4,227 | 17,772 | 5,780 | 3,131 | 7,007 |
Supplemental disclosure of cash flow information: | |||||||||
Cash paid for interest | |||||||||
1,197 | 1,044 | - | - | - | - | - | - | - | - |
Cash paid for interest | |||||||||
- | - | 1,545 | 1,920 | 22 | 25 | 36 | 544 | 0 | 0 |
Cash paid for income taxes, net | |||||||||
-4,186 | 8,885 | 11,630 | 11,511 | 1,308 | 923 | 450 | 277 | -22 | -12,455 |
Acquisition consideration owed but not yet paid | |||||||||
- | - | - | - | 2,813 | 0 | 0 | - | - | - |
Supplemental disclosure of non-cash investing activities: | |||||||||
Capital expenditures incurred but not yet paid | |||||||||
420 | 1,220 | 404 | 210 | 1,000 | 86 | 0 | 0 | - | - |
The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the Consolidated Condensed Balance Sheets to the total of the same amounts shown above: | |||||||||
Loan fees incurred but not yet paid | |||||||||
- | - | - | - | 36 | 0 | 0 | - | - | - |