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v3.20.2

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands | 6 Months Ended
--- | ---
Jun. 30, 2020 | Jun. 30, 2019
Operating activities: |  |
Consolidated net income | $ 941 | $ 6,862
Adjustments to reconcile consolidated net income to net cash provided by operating activities: |  |
Depreciation and amortization | 5,439 | 4,998
Stock-based compensation expense, net | 2,646 | 1,539
Provision (benefit) for doubtful accounts | 23 | (117)
Increase (decrease) in long-term income taxes payable | 4 | (2)
Decrease in long-term deferred revenue | (160) | (36)
Gain on disposal of equipment | (6) | (22)
Deferred income taxes | 17 | 24
Credit gain on available-for-sale securities | (2) | (2)
Change in current assets and liabilities, net | (5,233) | (8,005)
Net cash provided by operating activities | 3,669 | 5,239
Investing activities: |  |
Additions to property, plant and equipment | (8,724) | (5,864)
Proceeds from sale of equipment | 6 | 22
Increase (decrease) in other assets | 95 | (137)
Net cash used for investing activities | (8,623) | (5,979)
Financing activities: |  |
Proceeds from employee stock plans | 7,385 | 1,707
Proceeds from public offering of stock | 109,732 |
Payment of contingent consideration obligations | (144) | (102)
Net cash provided by financing activities | 116,973 | 1,605
Effect of foreign exchange rates on cash | 17 | 60
Net increase in cash and cash equivalents | 112,036 | 925
Cash and cash equivalents at beginning of year | 84,668 | 70,557
Cash and cash equivalents at end of year | $ 196,704 | $ 71,482

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