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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities:    
Net income $ 10,178 $ 13,788
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 6,728 6,346
Loss on disposal of property, plant and equipment 231 80
Share-based compensation 1,505 1,487
Losses on foreign currency remeasurement 404 296
Change in operating assets and liabilities:    
Accounts receivable (5,277) (6,107)
Inventories 299 (523)
Prepaid and other assets 613 (190)
Accounts payable 5,159 700
Accrued and other liabilities 1,631 3,492
Post-retirement benefits liability (528) (465)
Net cash provided by operating activities 20,943 18,904
Cash flows from investing activities:    
Purchase of property, plant and equipment (4,805) (4,511)
Net cash used in investing activities (4,805) (4,511)
Cash flows from financing activities:    
Gross repayments on revolving line of credit 0 (38,962)
Gross borrowings on revolving line of credit 0 37,098
Payments for taxes related to net share settlement of equity awards (1,417) (1,907)
Purchase of common shares (393) 0
Payment of principal on term loans (645) (643)
Net cash used in financing activities (2,455) (4,414)
Net change in cash and cash equivalents 13,683 9,979
Cash and cash equivalents at beginning of period 24,104 4,183
Cash and cash equivalents at end of period 37,787 14,162
Cash paid for:    
Interest 538 653
Income taxes 1,230 3,347
Non-cash investing activities:    
Fixed asset purchases in accounts payable $ 157 $ 848