CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands |
6 Months Ended |
Jun. 30, 2022 |
Jun. 30, 2021 |
| Cash flows from operating activities |
|
|
| Net income (loss) |
$ 6,188
|
$ (7,671)
|
| Adjustments to reconcile net income (loss) to net cash provided by operating activities |
|
|
| Depreciation and amortization |
7,602
|
6,998
|
| Provision for severance benefits |
3,240
|
3,507
|
| Amortization of debt issuance costs and original issue discount |
|
261
|
| Loss on foreign currency, net |
29,183
|
13,353
|
| Provision for inventory reserves |
5,282
|
3,346
|
| Stock-based compensation |
3,626
|
4,051
|
| Other, net |
712
|
266
|
| Changes in operating assets and liabilities |
|
|
| Accounts receivable, net |
(12,377)
|
5,098
|
| Inventories |
(5,486)
|
(7,170)
|
| Other receivables |
11,640
|
(4,841)
|
| Other current assets |
(2,089)
|
8,623
|
| Accounts payable |
2,429
|
1,040
|
| Other accounts payable |
(5,861)
|
(674)
|
| Accrued expenses |
(2,709)
|
(2,298)
|
| Accrued income taxes |
(11,513)
|
(10,249)
|
| Other current liabilities |
(2,153)
|
(102)
|
| Other non-current liabilities |
570
|
(274)
|
| Payment of severance benefits |
(2,934)
|
(2,836)
|
| Other, net |
(385)
|
(62)
|
| Net cash provided by operating activities |
24,965
|
10,366
|
| Cash flows from investing activities |
|
|
| Proceeds from settlement of hedge collateral |
2,805
|
972
|
| Payment of hedge collateral |
(6,844)
|
(585)
|
| Purchase of property, plant and equipment |
(1,511)
|
(4,866)
|
| Payment for intellectual property registration |
(153)
|
(288)
|
| Collection of guarantee deposits |
|
307
|
| Payment of guarantee deposits |
(1,049)
|
(4,960)
|
| Other, net |
14
|
(130)
|
| Net cash used in investing activities |
(6,738)
|
(9,550)
|
| Cash flows from financing activities |
|
|
| Proceeds from exercise of stock options |
1,786
|
2,549
|
| Acquisition of treasury stock |
(1,826)
|
(1,653)
|
| Repayment of financing related to water treatment facility arrangement |
(261)
|
(288)
|
| Repayment of principal portion of finance lease liabilities |
(32)
|
(33)
|
| Net cash provided by (used in) financing activities |
(333)
|
575
|
| Effect of exchange rates on cash and cash equivalents |
(23,644)
|
(9,451)
|
| Net decrease in cash and cash equivalents |
(5,750)
|
(8,060)
|
| Beginning of the period |
279,547
|
279,940
|
| End of the period |
273,797
|
271,880
|
| Supplemental cash flow information |
|
|
| Cash paid for interest |
|
2,094
|
| Cash paid for income taxes |
14,022
|
11,227
|
| Non-cash investing activities |
|
|
| Property, plant and equipment additions in other accounts payable |
$ 4,050
|
$ 3,632
|
| Exchange of exchangeable senior notes into common stock |
|
83,740
|