Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||||
|---|---|---|---|---|---|---|
Jun. 30, 2023 |
Jun. 30, 2022 |
Jun. 30, 2023 |
Jun. 30, 2022 |
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| Revenue: | ||||||
| Total revenue | $ 79,400 | $ 70,500 | $ 144,300 | $ 130,800 | ||
| Cost of sales: | ||||||
| Cost of service | [1] | (20,500) | (17,800) | (35,500) | (34,600) | |
| Cost of product sales | [1] | (8,400) | (4,600) | (15,100) | (7,100) | |
| Selling, general and administrative expenses | (26,600) | (25,700) | (55,800) | (48,900) | ||
| Acquisition and integration related transaction expenses | (200) | |||||
| Depreciation and amortization | (10,100) | (10,200) | (19,500) | (20,900) | ||
| Net operating income | 13,800 | 12,200 | 18,400 | 19,100 | ||
| Other expense | ||||||
| Interest expense, net | (7,300) | (5,900) | (13,600) | (12,400) | ||
| Gain on disposal of business | 900 | |||||
| Other finance income | 100 | 300 | 200 | 600 | ||
| Total other expense, net | (7,200) | (5,600) | (13,400) | (10,900) | ||
| Net income before income taxes | 6,600 | 6,600 | 5,000 | 8,200 | ||
| Income tax (expense) benefit | (1,000) | (200) | (800) | (300) | ||
| Net income | 5,600 | 6,400 | 4,200 | 7,900 | ||
| Other comprehensive income: | ||||||
| Foreign currency translation (loss) gain | (2,700) | 9,000 | (5,600) | 12,500 | ||
| Reclassification of loss on hedging instrument to comprehensive income | 100 | 200 | 300 | 400 | ||
| Actuarial gains (losses) on pension plan | 300 | (800) | 500 | (700) | ||
| Other comprehensive (loss) income | (2,300) | 8,400 | (4,800) | 12,200 | ||
| Comprehensive income (loss) | $ 3,300 | $ 14,800 | $ (600) | $ 20,100 | ||
| Net income per common share – basic | $ 0.20 | $ 0.23 | $ 0.15 | $ 0.28 | ||
| Net income per common share - diluted | $ 0.19 | $ 0.22 | $ 0.14 | $ 0.27 | ||
| Weighted average number of shares outstanding during the period – basic | 28,186,725 | 28,426,248 | 28,081,041 | 28,431,576 | ||
| Weighted average number of shares outstanding during the period – diluted | 29,073,078 | 29,349,718 | 29,023,288 | 29,446,526 | ||
| Stock-based compensation included in: | ||||||
| Selling, general and administrative expenses | $ (3,100) | $ (2,600) | $ (6,000) | $ (5,400) | ||
| Service [Member] | ||||||
| Revenue: | ||||||
| Total revenue | 67,500 | 64,100 | 125,000 | 120,100 | ||
| Product Sales [Member] | ||||||
| Revenue: | ||||||
| Total revenue | $ 11,900 | $ 6,400 | $ 19,300 | $ 10,700 | ||
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- Definition Cost of product sales. No definition available.
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- Definition Stock based compensation included in abstract. No definition available.
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- Definition Selling, general and administrative expenses. No definition available.
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- Definition Costs incurred to effect a business combination which have been expensed during the period. Such costs could include business integration costs, systems integration and conversion costs, and severance and other employee-related costs. No definition available.
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- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of gain (loss) from sale and disposal of integrated set of activities and assets capable of being conducted and managed for purpose of providing return in form of dividend, lower cost, or other economic benefit to investor, owner, member and participant. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount after tax and reclassification adjustments of gain (loss) on foreign currency translation adjustments, foreign currency transactions designated and effective as economic hedges of a net investment in a foreign entity and intra-entity foreign currency transactions that are of a long-term-investment nature, attributable to parent entity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of tax expense (benefit) for reclassification of gain (loss) from accumulated other comprehensive income (AOCI) for derivative instrument designated and qualifying as cash flow hedge included in assessment of hedge effectiveness. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount after tax and reclassification adjustments of other comprehensive income (loss). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Amount, after tax, of reclassification adjustment from accumulated other comprehensive (income) loss for net periodic benefit cost (credit) of defined benefit plan. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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