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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities:    
Net income $ 13,338 $ 18,142
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 10,018 9,575
Loss on disposal of property, plant and equipment 241 80
Share-based compensation 2,067 2,223
Losses on foreign currency remeasurement 1,306 202
Change in operating assets and liabilities:    
Accounts receivable 4,934 (1,677)
Inventories 1,376 (1,117)
Prepaid and other assets (2,037) (4,474)
Accounts payable (270) (414)
Accrued and other liabilities 56 4,340
Post-retirement benefits liability (867) (731)
Net cash provided by operating activities 30,162 26,149
Cash flows from investing activities:    
Purchase of property, plant and equipment (7,045) (6,803)
Net cash used in investing activities (7,045) (6,803)
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 (1,439) (2,669)
Purchase of common shares (2,363) 0
Payment of principal on term loans (1,071) (961)
Net cash used in financing activities (4,873) (5,494)
Net change in cash and cash equivalents 18,244 13,852
Cash and cash equivalents at beginning of period 24,104 4,183
Cash and cash equivalents at end of period 42,348 18,035
Cash paid for:    
Interest 788 939
Income taxes 1,633 4,518
Non-cash investing activities:    
Fixed asset purchases in accounts payable $ 245 $ 848