CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
Mar. 31, 2019	Mar. 31, 2018
OPERATING ACTIVITIES:
Net income	$ 9,657	$ 13,380
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	5,697	6,061
Amortization, including accretion of deferred financing costs	1,613	1,807
Deferred income taxes	(2,979)	(243)
Earnings of equity method investee	(364)	(521)
Loss (gain) on fixed assets	(1)
Share-based compensation expense	1,548	1,404
Tax benefit related to share-based compensation expense	(656)	(830)
Change in fair value of earn-out contingent consideration	469	904
Change in fair value of venture capital fund	(16)
Changes in operating assets and liabilities, net of effect of business combination:
Accounts receivable, net	(17,821)	(14,821)
Inventories, net	(13,655)	(4,694)
Prepaid expenses and other assets	(660)	(3,647)
Accounts payable	16,395	7,841
Accrued expenses and other liabilities	(4,836)	3,030
Net cash provided by (used for) operating activities	(5,609)	9,671
INVESTING ACTIVITIES:
Capital expenditures	(8,684)	(10,505)
Proceeds from sale of fixed assets	1	9
Insurance proceeds for fixed assets	0	1,403
Investment in venture capital fund	(400)
Net cash used for investing activities	(9,083)	(9,093)
FINANCING ACTIVITIES:
Revolving credit facility borrowings		5,000
Revolving credit facility payments	(5,000)	(10,000)
Proceeds from issuance of debt	34	155
Repayments of debt	(690)	(1,378)
Earn-out consideration cash payment	(3,394)
Other financing costs	(2)
Repurchase of Common Shares to satisfy employee tax withholding	(2,945)	(3,713)
Net cash used for provided by financing activities	(11,997)	(9,936)
Effect of exchange rate changes on cash and cash equivalents	(1,317)	759
Net change in cash and cash equivalents	(28,006)	(8,599)
Cash and cash equivalents at beginning of period	81,092	66,003
Cash and cash equivalents at end of period	53,086	57,404
Supplemental disclosure of cash flow information:
Cash paid for interest	1,109	1,438
Cash paid for income taxes, net	$ 3,327	$ 5,056

The aggregate expense charged against earnings to allocate the cost of intangible assets including deferred financing costs (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. Also included in this amount is the accretion of the debt discount and the deferred financing costs which are a component of interest expense representing the periodic charge against earnings to reflect amortization of debt discounts and deferred financing costs over the life of the related debt instrument. As a noncash expense, this element is added back to net income when calculating cash provided by (used in) operations using the indirect method.

No definition available.