v3.26.3
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities:      
Net (loss) income $ (49,882) $ (126,340) $ 7,519
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:      
Depreciation and amortization of property, plant and equipment and intangible assets 18,742 22,322 21,780
Amortization of other long-term assets 21 226 1,754
Amortization of deferred loan fees 1,906 536 254
Gain on disposal of property, plant and equipment (75) (1,000) 0
Impairment of assets 25,395 50,414 0
Provision for estimated credit losses 2,360 2,319 1,935
Stock-based compensation 2,016 4,412 6,138
Deferred income taxes (1,351) 1,452 (9,710)
Changes in liabilities for uncertain tax positions or unrecognized tax benefits (201) (1,547) (508)
Change in equity investment fair value 437 2,356 359
Lease obligations and non-cash lease expense, net (147) (37) 256
Unrealized foreign currency transaction (gains) losses (193) 804 (581)
Changes in assets and liabilities associated with operations, net of business combinations:      
Decrease (increase) in receivables 7,697 7,481 (20,278)
Decrease (increase) in inventories 6,287 35,178 (27,315)
Decrease (increase) in income tax receivable/payable (9) (3,775) 3,568
(Increase) decrease in prepaid expenses and other assets (8,638) (687) 1,269
Increase (decrease) in accounts payable 15,434 3,714 (2,287)
Decrease in customer prepayments (19,582) (12,882) (45,079)
(Decrease) increase in accrued program costs (17,384) 1,775 7,244
(Decrease) increase in accrued expenses and other payables (4,024) 17,202 (5,066)
Net cash (used in) provided by operating activities (21,191) 3,923 (58,748)
Cash flows from investing activities:      
Capital expenditures (3,919) (7,279) (11,878)
Proceeds from disposal of property, plant and equipment 477 1,065 242
Acquisitions of business and product line, net of cash acquired 0 0 (5,195)
Intangible assets (165) (409) (186)
Net cash used in investing activities (3,607) (6,623) (17,017)
Cash flows from financing activities:      
Payments under line of credit agreement (223,465) (294,356) (172,500)
Borrowings under line of credit agreement 250,134 302,787 259,100
Payment of deferred loan fees (3,389) (850) 0
Net receipt from the issuance of common stock under ESPP 629 901 981
Net (payment) receipt from the exercise of stock options (205) 0 46
Payment from common stock purchased for tax withholding 0 (1,432) (1,967)
Repurchase of common stock 0 0 (15,539)
Payment of cash dividends 0 (2,510) (3,384)
Net cash provided by financing activities 23,704 4,540 66,737
Net increase (decrease) in cash (1,094) 1,840 (9,028)
Effect of exchange rate changes on cash 1,005 (742) 116
Cash at beginning of year 12,514 11,416 20,328
Cash at end of year $ 12,425 $ 12,514 $ 11,416