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v3.19.3

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands | 9 Months Ended
--- | ---
Sep. 30, 2019 | Sep. 30, 2018
Operating activities: |  |
Consolidated net income | $ 12,794 | $ 24,939
Adjustments to reconcile consolidated net income to net cash provided by operating activities: |  |
Depreciation and amortization | 7,647 | 6,870
Stock-based compensation expense, net | 2,292 | 2,604
(Benefit) provision for doubtful accounts | (138) | 91
Decrease in long-term income taxes payable | (1) |
Increase in other long-term liabilities |  | 7
Increase (decrease) in long-term deferred revenue | 902 | (54)
Gain on disposal of equipment | (23) | (45)
Deferred income taxes | 24 | 26
Credit gain on available-for-sale securities | (3) | (6)
Change in current assets and liabilities, net | (6,955) | (11,590)
Net cash provided by operating activities | 16,539 | 22,842
Investing activities: |  |
Additions to property, plant and equipment | (9,122) | (6,894)
Proceeds from sale of equipment | 23 | 45
Decrease in other assets | (37) | (92)
Net cash used for investing activities | (9,136) | (6,941)
Financing activities: |  |
Proceeds from issuance of Common Stock | 3,423 | 8,378
Payment of contingent consideration obligations | (198) | (208)
Net cash provided by financing activities | 3,225 | 8,170
Effect of foreign exchange rates on cash | 44 | (95)
Net increase in cash and cash equivalents | 10,672 | 23,976
Cash and cash equivalents at beginning of period | 70,557 | 44,230
Cash and cash equivalents at end of period | $ 81,229 | $ 68,206

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