XML 40 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
In Thousands, unless otherwise specified
 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Cash flows from operating activities:    
Net income (loss) $ (3,560) $ 5,379
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 2,662 1,841
Amortization of marketable securities premium 269 142
Stock-based compensation 670 573
Gain on sale of cost method investment (811) 0
Allowance for Doubtful Accounts Receivable, Current 304 0
(Gain) Loss on disposal of property, plant and equipment (7) 176
Changes in assets and liabilities:    
Accounts receivable, net 2,426 (4,391)
Inventories 3,617 5,172
Prepaid expenses and other current assets (1,359) [1] 1,373
Other assets 380 182
Accounts payable (546) 2,564
Accrued liabilities 724 [2] 267 [2]
Other long-term liabilities (324) (641)
Net cash provided by (used in) operating activities (407) 12,637
Cash flows from investing activities:    
Purchases of property, plant and equipment (2,459) (2,978)
Proceeds from sales of property, plant and equipment 9 0
Purchases of available-for-sale securities (13,372) (4,518)
Proceeds from maturities of available-for-sale securities 9,048 3,180
Net cash used in investing activities (6,774) (4,316)
Cash flows from financing activities:    
Proceeds from common stock options exercised 272 219
Repurchases of the Company's common stock (285) 0
Dividends paid by joint ventures (1,730) (3,551)
Net cash used in financing activities (1,743) (3,332)
Effect of exchange rate changes on cash and cash equivalents 249 136
Net increase (decrease) in cash and cash equivalents (8,675) 5,125
Cash and cash equivalents at the beginning of the period 30,634 [3] 26,156
Cash and cash equivalents at the end of the period $ 21,959 $ 31,281
[1] *Proceeds receivable from sale of cost method investment of $901 was included in prepaid expenses and other current assets as of June 30, 2013.
[2] Dividends accrued but not paid by joint ventures of $1,168 and $488 was included in accrued liabilities as of June 30, 2013 and June 30, 2012, respectively.
[3] The condensed consolidated balance sheet at December 31, 2012 has been derived from the audited consolidated financial statements at that date.