Consolidated Statement of Cash Flows - USD ($)
$ in Thousands |
12 Months Ended |
Dec. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
| Cash flows from operating activities: |
|
|
|
| Net (loss) income |
$ (35,734)
|
$ (5,324)
|
$ 6,967
|
| Adjustments to reconcile net income to cash (used) provide by for operating activities: |
|
|
|
| Depreciation and amortization |
11,241
|
11,506
|
3,605
|
| Changes in allowances for doubtful accounts |
(162)
|
(1)
|
2
|
| Acquisition expenses financed by seller |
|
|
183
|
| Loss (gain) on disposal of assets |
44
|
(136)
|
|
| Changes in inventory reserves |
1,655
|
792
|
97
|
| Deferred income taxes |
1,178
|
(2,074)
|
(254)
|
| Amortization of deferred financing cost |
4,336
|
1,204
|
259
|
| Revaluation of contingent acquisition liability |
(915)
|
|
|
| Write down of goodwill |
275
|
|
|
| Amortization of debt discount |
528
|
743
|
|
| Change in value of interest rate swaps |
(776)
|
(706)
|
|
| Loss in non-marketable equity interest |
5,752
|
199
|
|
| Share-based compensation |
1,129
|
1,481
|
1,104
|
| Deferred gain on sale and lease back |
(124)
|
301
|
|
| Reserves for uncertain tax provisions |
54
|
60
|
(35)
|
| Loss on sale of discontinued operations |
14,515
|
1,378
|
|
| Changes in operating assets and liabilities: |
|
|
|
| (Increase) decrease in accounts receivable |
1,119
|
18,762
|
(4,671)
|
| (Increase) decrease in inventory |
2,174
|
(8,095)
|
(7,803)
|
| (Increase) decrease in prepaid expenses |
(368)
|
(3,253)
|
318
|
| (Increase) decrease in other assets |
189
|
111
|
(123)
|
| Increase (decrease) in accounts payable |
(4,259)
|
8,225
|
485
|
| Increase (decrease) in accrued expense |
(662)
|
(2,475)
|
(1,105)
|
| Increase (decrease) in income tax payable on ASV conversion |
|
(16,231)
|
|
| Increase (decrease) in other current liabilities |
171
|
(658)
|
300
|
| Increase (decrease) in other long-term liabilities |
(1,356)
|
1,403
|
(30)
|
| Discontinued operations - cash provided by (used) for operating activities |
(4,192)
|
(837)
|
(802)
|
| Net cash (used) for provided by operating activities |
(4,188)
|
6,375
|
(1,503)
|
| Cash flows from investing activities: |
|
|
|
| Acquisition of businesses, net of cash acquired |
|
(13,747)
|
(24,998)
|
| Proceeds from the sale of fixed assets |
206
|
518
|
|
| Purchase of property and equipment |
(1,486)
|
(2,327)
|
(751)
|
| Investment in intangibles other than goodwill |
(97)
|
(233)
|
|
| Proceeds from the sale of discontinued operations |
19,074
|
6,525
|
|
| Discontinued operations - cash used for investing activities |
746
|
(138)
|
(173)
|
| Net cash provided by (used) for investing activities |
18,443
|
(9,402)
|
(25,922)
|
| Cash flows from financing activities: |
|
|
|
| New borrowings |
30,701
|
2,446
|
677
|
| Repayment of 2014 term loan |
(2,200)
|
(11,800)
|
|
| Net proceeds from stock offering |
|
|
12,500
|
| New borrowings—convertible notes |
|
15,000
|
7,500
|
| (Payments) Borrowing on revolving term credit facilities |
(11,900)
|
1,045
|
3,957
|
| Net borrowings (repayments) on working capital facilities |
1,828
|
(4,274)
|
294
|
| Investment received from noncontrolling interest |
2,450
|
|
|
| Note payments |
(43,703)
|
(8,119)
|
(947)
|
| Bank fees and cost related to new financing |
(2,155)
|
(1,274)
|
(519)
|
| Shares repurchased for income tax withholding on share-based compensation |
(80)
|
(75)
|
(114)
|
| Proceeds from sale and leaseback |
4,080
|
|
|
| Excess tax benefits related to vesting of restricted stock |
|
|
22
|
| Proceeds from capital leases |
|
|
942
|
| Payments on capital lease obligations |
(510)
|
(1,446)
|
(1,397)
|
| Discontinued operations - cash used for financing activities |
4,735
|
437
|
3,731
|
| Net cash (used) for provided by financing activities |
(16,754)
|
5,940
|
26,646
|
| Net (decrease) increase in cash and cash equivalents |
(2,499)
|
2,913
|
(779)
|
| Effect of exchange rate changes on cash |
2,999
|
(1,363)
|
(944)
|
| Cash and cash equivalents at the beginning of the year |
5,918
|
4,368
|
6,091
|
| Cash and cash equivalents at end of period |
$ 6,418
|
5,918
|
$ 4,368
|
| 2014 Term Loan [Member] |
|
|
|
| Cash flows from financing activities: |
|
|
|
| New borrowings |
|
$ 14,000
|
|