v3.20.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Operating activities    
Net income (loss) $ (6,085) $ 1,461
Adjustment to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization 5,762 6,885
Amortization of deferred debt issuance costs 258 296
Stock compensation expense 1,133 1,019
Deferred income taxes (654) (1,086)
Net, release of reserve for uncertain tax positions 0 (447)
Loss on long-term cross currency swap 1,805 909
Remeasurement gain on intercompany balances (3,153) (1,478)
Changes in operating assets and liabilities:    
Accounts receivable 21,248 7,311
Inventories (7,914) (4,069)
Contract assets 1,794 2,372
Other current and non-current assets (903) (2,492)
Accounts payable (4,341) 394
Accrued liabilities and non-current liabilities (1,801) (6,893)
Income taxes payable and receivable (3,797) (783)
Net cash provided by operating activities 3,352 3,399
Investing activities    
Purchases of property, plant and equipment (2,059) (1,726)
Sale of rental equipment 6 126
Net cash used in investing activities (2,053) (1,600)
Financing activities    
Proceeds from revolving credit facility 37,189 10,000
Payments on long-term debt and revolving credit facility (34,294) (7,494)
Proceeds from exercise of stock options 437 62
Repurchase of employee stock units on vesting (557) (784)
Payments on finance leases (74) (27)
Net cash provided by financing activities 2,701 1,757
Effect of exchange rate changes on cash, cash equivalents and restricted cash 1,009 397
Cash, cash equivalents and restricted cash at beginning of period 46,007 33,841
Cash, cash equivalents and restricted cash at end of period 51,016 37,794
Change in cash, cash equivalents and restricted cash $ 5,009 $ 3,953

Source