v3.10.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) $ 2,287 $ (4,944)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation 11,477 11,739
Amortization of intangibles 4,255 5,201
Amortization of debt issue costs 392 330
Loss on disposal of assets 278 0
Loss on sale of Path Logic 0 1,058
Non-cash stock based compensation 5,148 5,812
Changes in assets and liabilities, net:    
(Increase) in accounts receivable, net of write-offs (2,267) (7,890)
(Increase) decrease in inventories 644 (37)
(Increase) in prepaid expenses (559) (1,281)
(Increase) in other current assets (1,749) (238)
Increase in accounts payable, accrued and other liabilities 9,427 2,528
Net cash provided by operating activities 29,333 12,278
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property and equipment (11,091) (10,167)
Net cash used in investing activities (11,091) (10,167)
CASH FLOWS FROM FINANCING ACTIVITIES    
Advances on revolving credit facility 10,000 2,496
Repayment of revolving credit facility (35,400) 0
Redemption of preferred stock (50,096) 0
Repayment of capital lease obligations, loans (4,774) (4,126)
Repayment of term loan 3,187 2,816
Proceeds from term loan 30,000 0
Payments of debt issue costs 576 0
Issuance of common stock, net 141,445 2,021
Net cash provided by (used in) financing activities 87,412 (2,425)
Effects of foreign exchange rate changes on cash and cash equivalents (35) 0
Net change in cash and cash equivalents 105,619 (314)
Cash and cash equivalents, beginning of period 12,821 12,525
Cash and cash equivalents, end of period 118,440 12,211
Supplemental disclosure of cash flow information:    
Interest paid 4,722 3,879
Income taxes paid (refunded), net (76) 272
Supplemental disclosure of non-cash investing and financing information:    
Purchase of customer list through issuance of restricted stock 0 4,466
Equipment acquired under capital lease/loan obligations $ 7,569 $ 3,240

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