| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|---|---|
Cash provided by (used for) operating activities: | ||||||||||
Net income (loss) | ||||||||||
3,630 | 11,924 | -10,323 | 20,384 | 29,173 | 32,534 | 22,963 | 16,553 | 19,946 | 15,081 | 14,675 |
Adjustments to reconcile net income (loss) to net cash provided by (used for) operating activities: | ||||||||||
Depreciation and amortization | ||||||||||
31,926 | 33,602 | 31,312 | 26,967 | 20,452 | 18,244 | 18,363 | 17,613 | 17,335 | 8,059 | 6,801 |
Provision for bad debts | ||||||||||
441 | 305 | 166 | 183 | 299 | 249 | 190 | 73 | 277 | 931 | 435 |
Provision for inventory write-downs | ||||||||||
- | - | - | 3,806 | 3,382 | 3,473 | 3,680 | 2,994 | 5,625 | 3,514 | 4,179 |
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal | ||||||||||
0 | 36,978 | 0 | 0 | - | - | - | - | - | - | - |
Deferred income taxes | ||||||||||
-1,779 | 3,967 | 7,597 | -1,637 | -5,348 | -538 | -1,617 | 2,536 | -1,043 | -559 | -1,036 |
Tax benefit from exercise of stock options and vested restricted stock | ||||||||||
- | - | - | 2,007 | 3,069 | 0 | 874 | -83 | 280 | 231 | 408 |
Excess tax benefit from stock-based compensation | ||||||||||
- | - | - | 1,970 | 2,619 | 0 | 1,274 | 111 | 439 | 290 | 250 |
Shares issued for employee benefit plan | ||||||||||
947 | 1,062 | 648 | 913 | 868 | 847 | 747 | 749 | 729 | 566 | 741 |
Employee and director stock-based compensation | ||||||||||
8,845 | 8,820 | 11,943 | 10,324 | 7,913 | 6,444 | 5,342 | 4,575 | 4,511 | 4,966 | 4,312 |
Performance-based common stock warrants | ||||||||||
1,997 | 163 | 683 | 2,728 | 0 | 0 | - | - | - | - | - |
Impairment of long-term assets | ||||||||||
1,506 | 4,907 | 4,100 | 0 | 0 | - | - | - | - | - | - |
Changes in operating assets and liabilities: | ||||||||||
Restricted cash | ||||||||||
- | - | - | - | 4,623 | 0 | 0 | - | - | - | - |
Accounts receivable and contract assets | ||||||||||
-17,203 | -5,455 | 22,192 | 3,882 | 29,407 | 7,966 | 4,509 | 8,998 | -3,142 | -13,192 | 4,278 |
Inventories | ||||||||||
1,914 | 11,215 | 25,797 | 14,800 | 31,877 | 8,161 | 15,353 | -2,987 | 30,597 | 5,102 | 1,053 |
Prepaid expenses and other assets | ||||||||||
-4,648 | 587 | 4,477 | 772 | -774 | 2,803 | 633 | 588 | 345 | -950 | -552 |
Accounts payable and accrued liabilities | ||||||||||
14,233 | -7,386 | 10,970 | 10,451 | 33,309 | 19,964 | 2,285 | 8,186 | -4,319 | 922 | -2,201 |
Accrued income taxes | ||||||||||
3,574 | -1,184 | 4,535 | -5,159 | 729 | 1,186 | -364 | -2,943 | -302 | -4,322 | 702 |
Net cash provided by (used for) operating activities | ||||||||||
85,257 | 12,855 | 9,165 | 49,543 | 26,094 | 63,473 | 30,694 | 43,543 | 14,800 | 38,139 | 23,987 |
Cash provided by (used for) investing activities: | ||||||||||
Proceeds from sale of Guangzhou factory | ||||||||||
0 | 51,291 | 0 | 0 | - | - | - | - | - | - | - |
Term deposit | ||||||||||
- | - | - | - | - | - | - | - | - | -49,246 | 49,246 |
Acquisitions of property, plant and equipment | ||||||||||
21,313 | 20,142 | 40,384 | 40,651 | 32,989 | 16,566 | 10,355 | 10,463 | 13,630 | 8,440 | 6,171 |
Refund of deposit received toward sale of Guangzhou factory | ||||||||||
0 | 5,053 | 0 | 0 | - | - | - | - | - | - | - |
Acquisitions of intangible assets | ||||||||||
2,655 | 2,521 | 1,949 | 1,912 | 2,395 | 1,853 | 1,319 | 1,140 | 1,064 | 1,378 | 1,172 |
Payments to Acquire Businesses, Gross | ||||||||||
0 | 0 | 8,894 | 0 | 0 | - | - | - | - | - | - |
Increase in restricted cash | ||||||||||
- | - | - | - | 0 | 0 | - | - | - | - | - |
Deposit received toward sale of Guangzhou factory | ||||||||||
- | - | - | 4,797 | 0 | 0 | - | - | - | - | - |
Deconsolidation of Encore Controls LLC | ||||||||||
- | - | - | 48 | 0 | 0 | - | - | - | - | - |
Acquisition of net assets of Ecolink Intelligent Technology, Inc., net of cash acquired | ||||||||||
- | - | - | - | 12,265 | 0 | 0 | - | - | 74,271 | - |
Acquisition of assets from Zilog | ||||||||||
- | - | - | - | - | - | - | - | - | - | 9,502 |
Net cash provided by (used for) investing activities | ||||||||||
-23,968 | 23,575 | -51,227 | -37,718 | -47,649 | -18,419 | -11,674 | -11,603 | -14,694 | -34,843 | -66,091 |
Cash provided by (used for) financing activities: | ||||||||||
Borrowings under line of credit | ||||||||||
72,500 | 68,000 | 157,000 | 147,974 | 84,500 | 0 | 19,500 | 30,800 | 4,200 | 41,000 | - |
Repayments on line of credit | ||||||||||
106,000 | 104,500 | 68,987 | 147,987 | 34,500 | 0 | 19,500 | 47,200 | 22,800 | 9,834 | - |
Debt issuance costs | ||||||||||
- | - | - | - | - | - | - | 42 | 0 | 0 | - |
Proceeds from stock options exercised | ||||||||||
448 | 864 | 1,442 | 6,244 | 1,712 | 8,122 | 12,371 | 2,204 | 1,677 | 1,964 | 3,275 |
Treasury stock purchased | ||||||||||
1,928 | 13,824 | 39,085 | 12,647 | 89,395 | 16,168 | 3,607 | 3,451 | 9,785 | 10,145 | 7,747 |
Contingent consideration payments in connection with business combinations | ||||||||||
4,251 | 3,858 | 0 | 0 | - | - | - | - | - | - | - |
Excess tax benefit from stock-based compensation | ||||||||||
- | - | - | 1,970 | 2,619 | 0 | 1,274 | 111 | 439 | 290 | 250 |
Distribution to noncontrolling interest | ||||||||||
- | - | - | - | 78 | 0 | 0 | - | - | - | - |
Net cash provided by (used for) financing activities | ||||||||||
-39,231 | -53,318 | 50,370 | -4,446 | -35,142 | -8,046 | 10,038 | -17,578 | -26,269 | 23,275 | -4,222 |
Effect of exchange rate changes on cash and cash equivalents | ||||||||||
-963 | 2,756 | -803 | -5,134 | -2,858 | -661 | 2,523 | 859 | 1,286 | -1,338 | 104 |
Net increase (decrease) in cash and cash equivalents | ||||||||||
21,095 | -14,132 | 7,505 | 2,245 | -59,555 | 36,347 | 31,581 | 15,221 | -24,877 | 25,233 | -46,222 |
Supplemental cash flow information: | ||||||||||
Income taxes paid | ||||||||||
7,275 | 7,658 | 8,280 | 9,891 | 7,793 | 7,178 | 6,068 | 10,445 | 8,097 | 11,747 | - |
Interest paid | ||||||||||
4,403 | 4,981 | 2,751 | 1,208 | 255 | 0 | 44 | 304 | 438 | 0 | - |