|
Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
|
12 Months Ended |
|
Oct. 31, 2012
|
Oct. 31, 2011
|
Oct. 31, 2010
|
| Cash flows from operating activities: |
|
|
|
| Net Income |
$ 38,606 |
$ 31,590 |
$ 23,083 |
| Adjustments to reconcile net income to cash provided by operating activities: |
|
|
|
| Depreciation and amortization |
25,204 |
25,135 |
22,868 |
| Amortization of debt issuance costs and debt discount |
476 |
476 |
1,037 |
| Loss on early extinguishment of debt |
|
|
1,123 |
| Share-based compensation |
4,170 |
3,253 |
3,969 |
| Provision for bad debts |
163 |
159 |
541 |
| Write-down for inventory obsolescence |
22 |
1,065 |
1,019 |
| Loss (gain) on sale of assets |
344 |
360 |
(123) |
| Profit on sale of leased assets |
(1,112) |
(5,192) |
(5,437) |
| Excess tax benefit from stock option exercises |
(1,468) |
(829) |
(53) |
| Changes in operating assets and liabilities: |
|
|
|
| Accounts receivable and investment in sales-type leases and notes receivable |
(13,962) |
(1,349) |
(4,620) |
| Inventories |
1,143 |
2,277 |
(866) |
| Accounts payable and accrued liabilities |
1,163 |
(16,400) |
17,933 |
| Customer deposits and deferred revenue |
748 |
487 |
(2,688) |
| Income taxes |
1,315 |
2,568 |
127 |
| Deferred income taxes |
(965) |
5,566 |
3,344 |
| Prepaid income taxes |
(776) |
3,828 |
(1,108) |
| Other current and non-current assets |
(3,960) |
10,975 |
(8,824) |
| Net cash provided by operating activities |
51,111 |
63,969 |
51,325 |
| Cash flows from investing activities: |
|
|
|
| Proceeds from sale of assets |
|
82 |
142 |
| Proceeds from sale of leased assets |
2,485 |
7,402 |
8,332 |
| Payments for products leased and held for lease |
(13,625) |
(16,596) |
(19,956) |
| Purchases of property and equipment |
(8,279) |
(3,530) |
(5,293) |
| Purchases of intangible assets |
(4,550) |
(6,818) |
(2,404) |
| Acquisition of business |
(5,500) |
(6,499) |
|
| Other |
(1,485) |
(928) |
(1,254) |
| Net cash used by investing activities |
(30,954) |
(26,887) |
(20,433) |
| Cash flows from financing activities: |
|
|
|
| Payment on Term Loan |
|
|
(64,350) |
| Payments on notes payable and other long-term debt |
|
(55) |
(61) |
| Proceeds from issuance of common stock, net |
16,737 |
2,490 |
473 |
| Debt issuance costs |
|
|
(2,242) |
| Excess tax benefit from stock option exercises |
1,468 |
829 |
53 |
| Other |
(41) |
|
22 |
| Net cash used by financing activities |
(19,282) |
(24,736) |
(28,659) |
| Effect of exchange rate changes on cash |
1,096 |
(145) |
(85) |
| Net increase (decrease) in cash and cash equivalents |
1,971 |
12,201 |
2,148 |
| Cash and cash equivalents, beginning of year |
22,189 |
9,988 |
7,840 |
| Cash and cash equivalents, end of year |
24,160 |
22,189 |
9,988 |
| Non-cash Investing and Financing transactions: |
|
|
|
| Newton future consideration |
|
1,033 |
|
| Cash paid (received) for: |
|
|
|
| Income taxes, net of refunds |
16,774 |
(461) |
6,110 |
| Interest |
1,049 |
2,063 |
3,136 |
|
Proceeds From Revolver [Member]
|
|
|
|
| Cash flows from financing activities: |
|
|
|
| Proceeds from long-term lines of credit |
11,000 |
16,500 |
65,445 |
|
Debt Payments On Revolver [Member]
|
|
|
|
| Cash flows from financing activities: |
|
|
|
| Repayments of long-term lines of credit |
(48,446) |
(44,500) |
|
|
Proceeds From Deutsche Bank Senior Secured Credit Facility [Member]
|
|
|
|
| Cash flows from financing activities: |
|
|
|
| Proceeds from long-term lines of credit |
|
|
12,126 |
|
Debt Payments On Deutsche Bank Senior Secured Credit Facility [Member]
|
|
|
|
| Cash flows from financing activities: |
|
|
|
| Repayments of long-term lines of credit |
|
|
$ (40,125) |