Consolidated Statements of Cash Flows - USD ($)
$ in Thousands |
9 Months Ended |
Sep. 30, 2016 |
Sep. 30, 2015 |
| Cash flows from operating activities |
|
|
| Net income (loss) |
$ 20,175
|
$ (107,721)
|
| Adjustments to reconcile net income (loss) to net cash used in operating activities |
|
|
| Depreciation and amortization |
18,791
|
20,066
|
| Provision for severance benefits |
13,609
|
14,173
|
| Amortization of debt issuance costs and original issue discount |
527
|
491
|
| Loss (gain) on foreign currency, net |
(38,182)
|
65,730
|
| Restructuring gain |
(7,785)
|
|
| Stock-based compensation |
2,966
|
2,370
|
| Other |
421
|
(352)
|
| Changes in operating assets and liabilities |
|
|
| Accounts receivable, net |
977
|
8,672
|
| Inventories, net |
(9,412)
|
11,302
|
| Other receivables |
20,214
|
7,115
|
| Other current assets |
510
|
669
|
| Deferred tax assets |
31
|
367
|
| Accounts payable |
7,088
|
(18,894)
|
| Other accounts payable |
(4,764)
|
(10,199)
|
| Accrued expenses |
(22,087)
|
(32,731)
|
| Other current liabilities |
(3,869)
|
(686)
|
| Deferred revenue |
2,662
|
(1,236)
|
| Other non-current liabilities |
(1,412)
|
190
|
| Payment of severance benefits |
(14,178)
|
(7,905)
|
| Other |
(213)
|
141
|
| Net cash used in operating activities |
(13,931)
|
(48,438)
|
| Cash flows from investing activities |
|
|
| Proceeds from settlement of hedge collateral |
6,317
|
10,841
|
| Payment of hedge collateral |
(2,494)
|
(17,182)
|
| Proceeds from disposal of plant, property and equipment |
185
|
1,698
|
| Purchase of plant, property and equipment |
(11,345)
|
(4,250)
|
| Payment for intellectual property registration |
(754)
|
(550)
|
| Collection of guarantee deposits |
476
|
123
|
| Payment of guarantee deposits |
(185)
|
(670)
|
| Other |
9
|
179
|
| Net cash used in investing activities |
(7,791)
|
(9,811)
|
| Cash flows from financing activities |
|
|
| Proceeds from issuance of common stock |
1,502
|
3,434
|
| Net cash provided by financing activities |
1,502
|
3,434
|
| Effect of exchange rates on cash and cash equivalents |
4,766
|
20,891
|
| Net decrease in cash and cash equivalents |
(15,454)
|
(33,924)
|
| Cash and cash equivalents |
|
|
| Beginning of the period |
90,882
|
102,434
|
| End of the period |
75,428
|
68,510
|
| Supplemental cash flow information |
|
|
| Cash paid for interest |
14,906
|
15,181
|
| Cash paid for income taxes |
635
|
438
|
| Non-cash investing activities |
|
|
| Property, plant and equipment additions in other accounts payable |
$ 1,738
|
$ 196
|