Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands |
12 Months Ended |
May. 31, 2015 |
May. 31, 2014 |
May. 31, 2013 |
| OPERATING ACTIVITIES: |
|
|
|
| Net loss |
$ (60,725)
|
$ (182,257)
|
$ (39,142)
|
| Adjustments to reconcile net loss to net cash provided by (used in) operating activities: |
|
|
|
| Depreciation and amortization |
71,271
|
71,287
|
71,746
|
| Noncash interest expense |
10,222
|
8,761
|
7,471
|
| Loss on disposition and retirement of fixed assets |
374
|
93
|
1,306
|
| Inventory fair value adjustment |
|
2,889
|
1,745
|
| Loss on extinguishment of debt |
|
|
9,111
|
| Asset impairment loss |
|
160,150
|
3,500
|
| Provision (recoveries) for doubtful accounts |
970
|
(1,666)
|
203
|
| Share-based compensation expense |
2,087
|
1,512
|
1,423
|
| Deferred income taxes |
12,127
|
(21,059)
|
(28,573)
|
| Change in fair value of contingent consideration |
0
|
(4,638)
|
104
|
| Changes in operating assets and liabilities, net of effects of acquisitions: |
|
|
|
| Accounts receivable, trade |
(5,614)
|
2,154
|
7,665
|
| Income taxes |
111
|
(179)
|
1,976
|
| Inventories |
(3,097)
|
(15,589)
|
(9,774)
|
| Other assets |
(340)
|
(1,301)
|
105
|
| Accounts payable |
(1,375)
|
1,700
|
(305)
|
| Deferred revenue |
64
|
413
|
(651)
|
| Accrued expenses and other liabilities |
(485)
|
3,331
|
(3,376)
|
| Cash provided by operating activities |
25,590
|
25,601
|
24,534
|
| INVESTING ACTIVITIES: |
|
|
|
| Purchases of property and equipment |
(11,393)
|
(9,193)
|
(9,639)
|
| Receipt from acquisition of business related to finalizing certain working capital adjustments |
|
1,151
|
|
| Other investments |
(5,300)
|
|
|
| Acquisitions of businesses, net of cash acquired |
(6,396)
|
(17,151)
|
(84,762)
|
| Cash used in investing activities |
(23,089)
|
(25,193)
|
(94,401)
|
| FINANCING ACTIVITIES: |
|
|
|
| Proceeds from long-term debt |
|
|
338,076
|
| Proceeds from capital contributions, net of costs |
|
|
42,500
|
| Payment of debt issuance costs |
|
|
(11,412)
|
| Repayments of long-term debt |
(6,653)
|
(6,674)
|
(288,332)
|
| Proceeds from Revolving Facility |
55,500
|
|
49,000
|
| Repayments of Revolving Facility |
(55,500)
|
|
(49,000)
|
| Cash (used in) provided by financing activities |
(6,653)
|
(6,674)
|
80,832
|
| EFFECT OF EXCHANGE RATES ON CASH AND CASH EQUIVALENTS |
(1,106)
|
499
|
(155)
|
| (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS |
(5,258)
|
(5,767)
|
10,810
|
| CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD |
23,621
|
29,388
|
18,578
|
| CASH AND CASH EQUIVALENTS AT END OF PERIOD |
18,363
|
23,621
|
29,388
|
| SUPPLEMENTAL INFORMATION: |
|
|
|
| Income taxes paid, net of refunds |
4,571
|
5,423
|
4,161
|
| Interest paid |
79,218
|
79,762
|
85,033
|
| NON-CASH INVESTING AND FINANCING ACTIVITIES: |
|
|
|
| Movement from inventory to property and equipment of instruments placed on rental agreements |
8,670
|
10,383
|
12,037
|
| Fair value of contingent consideration liabilities at the date of acquisition |
$ 6,469
|
$ 11,300
|
4,400
|
| Tax benefit from tax deductions contributed by IVD Holdings Inc. |
|
|
726
|
| August 2012 [Member] |
|
|
|
| NON-CASH INVESTING AND FINANCING ACTIVITIES: |
|
|
|
| Exchange of debt instruments due to debt amendment |
|
|
468,241
|
| February 2013 [Member] |
|
|
|
| NON-CASH INVESTING AND FINANCING ACTIVITIES: |
|
|
|
| Exchange of debt instruments due to debt amendment |
|
|
$ 467,406
|