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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current assets    
Cash $ 38,397 $ 59,291
Receivables, net of allowances of $683 and $735 64,506 69,773
Inventories, net 40,210 33,777
Recoverable income taxes 468 860
Prepaid expenses 12,741 12,170
Other current assets 5,130 4,718
Total current assets 161,452 180,589
Noncurrent assets    
Property and equipment, net 10,732 10,490
Software, net 6,433 5,867
Operating lease assets 5,399 5,899
Intangible assets, net 10,357 10,777
Goodwill 9,842 9,842
Deferred tax assets, net 8,978 7,604
Other noncurrent assets 1,150 1,200
TOTAL ASSETS 214,343 232,268
Current liabilities    
Accounts payable 16,543 28,241
Accrued liabilities 25,016 21,948
Employee compensation 6,875 16,601
Current portion of long-term external debt, net 3,138 2,489
Deferred revenues 6,964 6,880
Other current liabilities 6,273 5,981
Total current liabilities 64,809 82,140
Noncurrent liabilities    
Long-term external debt, net 26,351 26,965
Deferred revenues 5,647 5,363
Noncurrent operating lease liabilities 3,574 4,112
Other noncurrent liabilities 1,554 1,551
Total liabilities 101,935 120,131
Shareholders' equity    
Share capital; $0.0001 par value; 500,000,000 shares authorized at December 31, 2021 and March 31, 2022; 26,892,082 shares issued and 26,735,175 outstanding at December 31, 2021 and 27,000,204 shares issued and 26,825,097 outstanding at March 31, 2022 3 3
Additional paid in capital 126,437 124,117
Treasury shares, at cost, 156,907 shares at December 31, 2021 and 175,107 shares at March 31, 2022 (4,321) (3,906)
Accumulated deficit (8,946) (7,378)
Accumulated other comprehensive loss (765) (699)
Total shareholders' equity 112,408 112,137
TOTAL LIABILITIES AND EQUITY $ 214,343 $ 232,268