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CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($)
shares in Thousands, $ in Thousands
Total
Number of Common Shares outstanding
Number of treasury shares
Additional paid-in capital
Retained earnings
Accumulated other comprehensive loss
Common stock beginning balance (in shares) at Dec. 31, 2022   27,341        
Treasury stock beginning balance (in shares) at Dec. 31, 2022     1,625      
Beginning balance at Dec. 31, 2022 $ 280,942   $ (50,366) $ 232,758 $ 201,692 $ (103,142)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income (loss) (7,386)       (7,386)  
Unrealized gain (loss) on derivatives (232)         (232)
Currency translation adjustments 4,072         4,072
Issuance of Common Shares (in shares)   234 234      
Repurchased Common Shares for treasury, net (in shares)   62 62      
Repurchased Common Shares for treasury, net 5,649   $ 5,649      
Share-based compensation, net (6,802)     (6,802)    
Common stock ending balance (in shares) at Mar. 31, 2023   27,513        
Treasury stock ending balance (in shares) at Mar. 31, 2023     1,453      
Ending balance at Mar. 31, 2023 276,243   $ (44,717) 225,956 194,306 (99,302)
Common stock beginning balance (in shares) at Dec. 31, 2022   27,341        
Treasury stock beginning balance (in shares) at Dec. 31, 2022     1,625      
Beginning balance at Dec. 31, 2022 280,942   $ (50,366) 232,758 201,692 (103,142)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income (loss) (10,378)          
Unrealized gain (loss) on derivatives [1] 56          
Common stock ending balance (in shares) at Jun. 30, 2023   27,522        
Treasury stock ending balance (in shares) at Jun. 30, 2023     1,444      
Ending balance at Jun. 30, 2023 277,638   $ (44,367) 226,713 191,314 (96,022)
Common stock beginning balance (in shares) at Mar. 31, 2023   27,513        
Treasury stock beginning balance (in shares) at Mar. 31, 2023     1,453      
Beginning balance at Mar. 31, 2023 276,243   $ (44,717) 225,956 194,306 (99,302)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income (loss) (2,992)       (2,992)  
Unrealized gain (loss) on derivatives 288 [1]         288
Currency translation adjustments 2,992         2,992
Issuance of Common Shares (in shares)   15 15      
Repurchased Common Shares for treasury, net (in shares)   6 6      
Repurchased Common Shares for treasury, net 350   $ 350      
Share-based compensation, net 757     757    
Common stock ending balance (in shares) at Jun. 30, 2023   27,522        
Treasury stock ending balance (in shares) at Jun. 30, 2023     1,444      
Ending balance at Jun. 30, 2023 $ 277,638   $ (44,367) 226,713 191,314 (96,022)
Common stock beginning balance (in shares) at Dec. 31, 2023 27,549 27,549        
Treasury stock beginning balance (in shares) at Dec. 31, 2023 1,417   1,417      
Beginning balance at Dec. 31, 2023 $ 287,717   $ (43,344) 227,340 196,509 (92,788)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income (loss) (6,126)       (6,126)  
Unrealized gain (loss) on derivatives 70         70
Currency translation adjustments (4,879)         (4,879)
Issuance of Common Shares (in shares)   154 154      
Repurchased Common Shares for treasury, net (in shares)   36 36      
Repurchased Common Shares for treasury, net 3,958   $ 3,958      
Share-based compensation, net (3,484)     (3,484)    
Common stock ending balance (in shares) at Mar. 31, 2024   27,667        
Treasury stock ending balance (in shares) at Mar. 31, 2024     1,299      
Ending balance at Mar. 31, 2024 $ 277,256   $ (39,386) 223,856 190,383 (97,597)
Common stock beginning balance (in shares) at Dec. 31, 2023 27,549 27,549        
Treasury stock beginning balance (in shares) at Dec. 31, 2023 1,417   1,417      
Beginning balance at Dec. 31, 2023 $ 287,717   $ (43,344) 227,340 196,509 (92,788)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income (loss) (3,340)          
Unrealized gain (loss) on derivatives [1] $ (2,130)          
Common stock ending balance (in shares) at Jun. 30, 2024 27,679 27,679        
Treasury stock ending balance (in shares) at Jun. 30, 2024 1,287   1,287      
Ending balance at Jun. 30, 2024 $ 270,451   $ (39,066) 224,599 193,169 (108,251)
Common stock beginning balance (in shares) at Mar. 31, 2024   27,667        
Treasury stock beginning balance (in shares) at Mar. 31, 2024     1,299      
Beginning balance at Mar. 31, 2024 277,256   $ (39,386) 223,856 190,383 (97,597)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income (loss) 2,786       2,786  
Unrealized gain (loss) on derivatives (2,200) [1]         (2,200)
Currency translation adjustments (8,454)         (8,454)
Issuance of Common Shares (in shares)   16 16      
Repurchased Common Shares for treasury, net (in shares)   4 4      
Repurchased Common Shares for treasury, net 320   $ 320      
Share-based compensation, net $ 743     743    
Common stock ending balance (in shares) at Jun. 30, 2024 27,679 27,679        
Treasury stock ending balance (in shares) at Jun. 30, 2024 1,287   1,287      
Ending balance at Jun. 30, 2024 $ 270,451   $ (39,066) $ 224,599 $ 193,169 $ (108,251)
[1]
Net of tax (benefit) expense of $(585) and $76 for the three months ended June 30, 2024 and 2023, respectively. Net of tax (benefit) expense of $(566) and $15 for the six months ended June 30, 2024 and 2023, respectively.