v3.20.4
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 22,958 $ 6,929
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for doubtful accounts 77 10
Depreciation and amortization 10,743 10,599
Noncash lease expense 4,735 5,394
Share-based compensation expense 3,787 2,120
Loss on sale of property and equipment 29 43
Deferred income taxes (4,357) 4,279
Purchase of trading investment securities (60) (83)
Proceeds from sale of trading investment securities 339 464
Realized and unrealized gains on investments (115) (224)
Foreign exchange (gains) losses (1,270) 107
Loss on write-off of cumulative translation adjustment 0 595
Changes in operating assets and liabilities:    
Accounts receivable 106 375
Inventories (154) (4,870)
Prepaid expenses and other (1,762) 1,229
Other assets (55) 475
Accounts payable 2,090 (960)
Accrued volume incentives and service fees 77 (1,564)
Accrued liabilities 5,341 (8,593)
Deferred revenue 766 69
Lease liabilities (4,716) (5,039)
Income taxes payable 671 (1,960)
Liability related to unrecognized tax positions (1,407) (693)
Deferred compensation payable (164) (157)
Net cash provided by operating activities 37,659 8,545
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property, plant and equipment (4,905) (5,104)
Proceeds from sale of property, plant and equipment 0 2
Net cash used in investing activities (4,905) (5,102)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from revolving credit facility 0 2,064
Principal payments of revolving credit facility 0 (2,064)
Proceeds from notes payable 9,098 0
Principal payments of long-term debt (5,374) 0
Principal payments of borrowings from related party (318) 0
Proceeds from exercise of stock options 472 257
Tax benefit from exercise of stock options 0 (320)
Net cash provided by (used in) financing activities 3,878 (63)
Effect of exchange rates on cash and cash equivalents 1,808 (389)
Net increase in cash and cash equivalents 38,440 2,991
Cash and cash equivalents at beginning of the year 53,629 50,638
Cash and cash equivalents at end of the year 92,069 53,629
Supplemental disclosure of cash flow information:    
Cash paid for income taxes, net of refunds 4,832 6,861
Cash paid for interest 86 64
Supplemental disclosure of noncash investing, and financing activities:    
Purchases of property, plant and equipment included in accounts payable and accrued liabilities 85 194
Additions to asset retirement obligations and related assets $ 0 $ 649

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