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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Cash Flows from Operating Activities    
Net (loss) income $ (1,570) $ 36,776
Adjustments to reconcile net (loss) income to net cash provided by operating activities    
Depreciation and amortization expense 4,237 2,728
Restructuring expense 861 0
Stock-based compensation 1,418 2,355
Net pension payment 70 (1,009)
Deferred income taxes (1,474) (19,843)
Changes in assets and liabilities, net of dispositions:    
Accounts receivable, net and contract assets 5,654 3,843
Prepaid expenses, income tax receivable and other current assets 3,440 2,779
Accounts payable and accrued expense 844 6,200
Deferred revenue and customer advances (1,395) 383
Customer postage and program deposits 592 (5,273)
Other accrued expenses and liabilities (2,200) (147)
Net cash provided by operating activities 10,477 28,792
Cash Flows from Investing Activities    
Purchases of property, plant and equipment (2,812) (5,800)
Proceeds from the sale of property, plant and equipment 3 57
Acquisition of InsideOut 500 (5,750)
Net cash used in investing activities (2,309) (11,493)
Cash Flows from Financing Activities    
Repayment of borrowings 0 (5,000)
Debt financing costs (45) (131)
Payment of finance leases (160) (194)
Redemption of preferred stock 0 (10,026)
Repurchase common stock (2,370) 0
Treasury stock activities (641) (469)
Net cash used in financing activities (3,216) (15,820)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 2,548 (5,248)
Net increase (decrease) in cash and cash equivalents and restricted cash 7,500 (3,769)
Cash and cash equivalents and restricted cash at beginning of year 11,364 15,133
Cash and cash equivalents and restricted cash at end of year 18,864 11,364
Cash and cash equivalents 18,364 10,364
Cash held in Escrow account included in other assets (see Note L) 500 1,000
Total 18,864 11,364
Supplemental disclosures    
Cash paid for interest 244 273
Cash received for income taxes, net (2,899) (1,391)
Non-cash investing and financing activities    
Purchases of property, plant and equipment included in accounts payable and accrued expense 1,997 2,048
Issuance of common stock $ 0 $ (1,077)