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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash Flows from Operating Activities    
Net (loss) income $ (791) $ 3,345
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization expense 1,066 599
Stock-based compensation 540 288
Net pension payment (208) (296)
Deferred income taxes (186) 0
Changes in assets and liabilities:    
Decrease (increase) in accounts receivable and contract assets 3,452 (7,202)
Decrease in prepaid expenses, income tax receivable and other current assets 3,830 106
(Decrease) increase in accounts payable and accrued expenses (2,416) 3,935
Increase in deferred revenue and customer advances 66 542
Increase (decrease) in customer postage and program deposits 104 (392)
Decrease in other accrued expenses and liabilities (3,753) (1,689)
Net cash provided by (used in) operating activities 1,704 (764)
Cash Flows from Investing Activities    
Purchases of property, plant and equipment (566) (1,429)
Proceeds from sale of property, plant and equipment 1 57
Net cash used in investing activities (565) (1,372)
Cash Flows from Financing Activities    
Debt financing costs (6) (93)
Payment of finance leases (47) (55)
Treasury stock activities (212) (134)
Net cash used in financing activities (265) (282)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 1,880 (504)
Net increase in cash and cash equivalents and restricted cash 2,754 (2,922)
Cash and cash equivalents and restricted cash at beginning of period 11,364 15,133
Cash and cash equivalents and restricted cash at end of period 14,118 12,211
Supplemental disclosures    
Cash paid for interest 138 97
Cash received for income taxes, net (4,770) (172)
Non-cash investing and financing activities    
Purchases of property, plant and equipment included in accounts payable 2,034 3,005
Cash and cash equivalents 13,118 9,652
Restricted cash 0 2,559
Cash held in Escrow account included in other current assets (see Note E) 1,000 0
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Disposal Group, Including Discontinued Operations $ 14,118 $ 12,211