CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
Mar. 31, 2022	Mar. 31, 2021
OPERATING ACTIVITIES:
Net (loss) income	$ (7,675)	$ 130
Adjustments to reconcile net income (loss) to net cash provided by (used for) operating activities:
Depreciation	6,877	7,068
Amortization, including accretion and write-off of deferred financing costs	2,357	1,513
Deferred income taxes	(605)	(1,609)
Earnings of equity method investee	81	(614)
Loss (gain) on sale of fixed assets	(94)	(37)
Share-based compensation expense	1,098	1,162
Excess tax benefit related to share-based compensation expense	265	(319)
Gain on disposal of business, net		(739)
Change in fair value of earn-out contingent consideration		72
Changes in operating assets and liabilities:
Accounts receivable, net	(6,129)	(15,953)
Inventories, net	(9,812)	(7,282)
Prepaid expenses and other assets	(12,842)	(4,744)
Accounts payable	6,581	6,725
Accrued expenses and other liabilities	87	(2,439)
Net cash used for operating activities	(19,811)	(17,066)
INVESTING ACTIVITIES:
Capital expenditures, including intangibles	(7,368)	(7,718)
Proceeds from sale of fixed assets	132	155
Proceeds from disposal of business, net		1,050
Investment in venture capital fund, net	0	(399)
Net cash used for investing activities	(7,236)	(6,912)
FINANCING ACTIVITIES:
Revolving credit facility borrowings		20,500
Revolving credit facility payments	(16,000)	(3,000)
Proceeds from issuance of debt	9,834	11,434
Repayments of debt	(10,311)	(13,763)
Repurchase of Common Shares to satisfy employee tax withholding	(669)	(2,347)
Net cash (used for) provided by financing activities	(17,146)	12,824
Effect of exchange rate changes on cash and cash equivalents	34	(2,257)
Net change in cash and cash equivalents	(44,159)	(13,411)
Cash and cash equivalents at beginning of period	85,547	73,919
Cash and cash equivalents at end of period	41,388	60,508
Supplemental disclosure of cash flow information:
Cash paid for interest	1,435	1,652
Cash paid for income taxes, net	$ 1,491	$ 3,742

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.