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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ (1,534) $ 16,404
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Provision for doubtful accounts 1,017 0
Depreciation and amortization 8,112 8,276
Non-cash lease expense 3,859 4,043
Share-based compensation expense 1,934 2,957
Loss on sale of property, plant and equipment 0 24
Deferred income taxes 5,967 2,891
Purchase of trading investment securities (26) (30)
Proceeds from sale of trading investment securities 102 175
Realized and unrealized gains (losses) on investments 195 (62)
Foreign exchange losses 2,938 2,483
Changes in assets and liabilities:    
Accounts receivable (3,233) (2,054)
Inventories (10,809) (10,771)
Prepaid expenses and other current assets (116) (1,787)
Other assets 368 (267)
Accounts payable (1,626) 421
Accrued volume incentives and service fees (253) 2,750
Accrued liabilities (5,172) (1,646)
Deferred revenue (2,040) (551)
Lease liabilities (3,692) (4,170)
Income taxes payable 1,201 1,316
Liability related to unrecognized tax benefits 213 (87)
Deferred compensation payable (271) (34)
Net cash provided by (used in) operating activities (2,866) 20,281
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property, plant and equipment (4,730) (4,626)
Net cash used in investing activities (4,730) (4,626)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Payments of cash dividends 0 (19,858)
Principal payments of long-term debt (931) (1,001)
Proceeds from revolving credit facility 31,538 0
Principal payments of revolving credit facility (31,538) 0
Principal payments of related party borrowing (300) (600)
Payments related to tax withholding for net-share settled equity awards (1,129) (2,016)
Repurchase of common stock (12,945) (6,000)
Net cash used in financing activities (15,305) (29,475)
Effect of exchange rates on cash and cash equivalents (6,299) (2,714)
Net decrease in cash and cash equivalents (29,200) (16,534)
Cash and cash equivalents at the beginning of the period 86,184 92,069
Cash and cash equivalents at the end of the period 56,984 75,535
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Cash paid for income taxes, net of refunds 3,386 4,431
Cash paid for interest $ 195 $ 156

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