|
Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
|
9 Months Ended |
|
Sep. 30, 2012
|
Sep. 30, 2011
|
| Operating activities |
|
|
| Net loss |
$ (43,391) |
$ (2,016) |
| Adjustments to reconcile net loss to net cash provided by (used in) operating activities: |
|
|
| Depreciation |
799 |
555 |
| Amortization |
245 |
110 |
| Share-based compensation |
259 |
335 |
| Deferred income tax expenses (benefit) |
8,655 |
(625) |
| Goodwill and other asset impairments |
22,012 |
|
| Changes in operating assets and liabilities, net of effects from acquisitions: |
|
|
| Accounts receivable, net |
6,129 |
4,244 |
| Costs in excess of billings on uncompleted contracts |
(2,745) |
(3,148) |
| Inventory, net |
5,835 |
148 |
| Deferred costs on uncompleted contracts and advertising |
590 |
561 |
| Other current assets |
(299) |
383 |
| Accounts payable |
(12,567) |
1,221 |
| Accrued liabilities |
(315) |
(1,304) |
| Billings in excess of costs on uncompleted contracts |
(254) |
(1,005) |
| Deferred revenue and other current liabilities |
(1,766) |
1,719 |
| Payable to Gaiam |
(391) |
(327) |
| Net cash provided by (used in) operating activities |
(17,204) |
851 |
| Investing activities |
|
|
| Purchase of property and equipment |
(329) |
(202) |
| Change in restricted cash |
172 |
687 |
| Cash from acquired business |
|
3,416 |
| Net cash provided by (used in) investing activities |
(157) |
3,901 |
| Financing activities |
|
|
| Borrowing from related party |
3,150 |
|
| Principal borrowings (payments) on revolving line of credit, net |
6,500 |
(2,042) |
| Principal payments on debt and capital lease obligations, net |
(275) |
(136) |
| Repurchase of Class A common stock, including related costs |
|
(1,070) |
| Net cash provided by (used in) financing activities |
9,375 |
(3,248) |
| Net change in cash |
(7,986) |
1,504 |
| Cash at beginning of period |
11,813 |
11,123 |
| Cash at end of period |
3,827 |
12,627 |
| Supplemental cash flow information |
|
|
| Income taxes paid |
31 |
247 |
| Interest paid |
$ 112 |
$ 61 |