CONSOLIDATED STATEMENTS 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 |
$ (24,320)
|
$ (19,157)
|
$ 1,744
|
| Less loss from discontinued operations, net of income taxes |
|
|
(492)
|
| (Loss) income from continuing operations, net of income taxes |
(24,320)
|
(19,157)
|
2,236
|
| Adjustments to reconcile net (loss) income from continuing operations to net cash (used in) provided by operating activities: |
|
|
|
| Depreciation and amortization |
7,958
|
8,217
|
6,812
|
| Impairment of goodwill, other intangible assets and other asset |
12,005
|
3,987
|
|
| Non-cash restructuring charges |
400
|
|
|
| Equity-based compensation expense |
2,725
|
2,673
|
2,565
|
| Loss on extinguishment of debt |
290
|
|
|
| Deferred income taxes |
(524)
|
9,956
|
365
|
| Bad debt expense |
434
|
562
|
392
|
| Inventory reserves |
541
|
1,343
|
544
|
| Gain on sale of cost method investment |
|
|
(1,109)
|
| Other non-cash expense |
206
|
128
|
98
|
| Changes in assets and liabilities, net of effects of acquisitions: |
|
|
|
| Accounts and financing receivables |
(530)
|
3,162
|
(1,034)
|
| Inventory |
(4,612)
|
(1,929)
|
233
|
| Accounts payable |
4,723
|
(818)
|
665
|
| Deferred revenue |
(333)
|
264
|
154
|
| Other |
545
|
489
|
(1,465)
|
| Net cash (used in) provided by operating activities |
(492)
|
8,877
|
10,456
|
| Cash flows from investing activities: |
|
|
|
| Net cash paid for acquisition |
|
|
(37,287)
|
| Purchases of property and equipment |
(874)
|
(1,150)
|
(2,209)
|
| Capitalized software development and purchases of software |
(2,448)
|
(4,150)
|
(3,237)
|
| Proceeds from sale of cost basis investment |
|
|
1,309
|
| Net cash used in investing activities |
(3,322)
|
(5,300)
|
(41,424)
|
| Cash flows from financing activities: |
|
|
|
| Principal payments on debt |
(19,349)
|
(4,252)
|
(2,508)
|
| Principal payments on capital lease obligations |
|
(148)
|
(306)
|
| Proceeds from long-term debt |
17,000
|
|
25,000
|
| Equity-based compensation plan activity, net |
509
|
283
|
867
|
| Payment of taxes on equity-based awards |
(260)
|
(311)
|
(267)
|
| Deferred financing costs paid |
(1,038)
|
(182)
|
(293)
|
| Net cash (used in), provided by financing activities |
(3,138)
|
(4,610)
|
22,493
|
| Net cash provided by discontinued operations |
|
|
142
|
| Net decrease in cash and cash equivalents |
(6,952)
|
(1,033)
|
(8,333)
|
| Cash and cash equivalents at beginning of period |
16,237
|
17,270
|
25,603
|
| Cash and cash equivalents at end of period |
9,285
|
16,237
|
17,270
|
| Supplemental disclosures of cash flow information: |
|
|
|
| Cash paid for interest |
1,456
|
673
|
703
|
| Cash paid for income taxes |
31
|
58
|
146
|
| Disclosure of non-cash investing and financing activities: |
|
|
|
| Capital expenditures in accounts payable |
222
|
441
|
$ 417
|
| Non-cash interest |
532
|
142
|
|
| Non-monetary consideration for acquisition of assets |
|
375
|
|
| Common stock issued for acquisition of assets |
|
$ 243
|
|
| Issuance of shares for services |
$ 8
|
|
|