|
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
|
12 Months Ended |
|
Dec. 31, 2013
|
Dec. 31, 2012
|
Dec. 31, 2011
|
| CASH FLOWS FROM OPERATING ACTIVITIES: |
|
|
|
| Net income (loss) |
$ (1,367) |
$ 3,815 |
$ 9,932 |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: |
|
|
|
| Depreciation |
4,650 |
3,779 |
2,667 |
| Stock-based compensation expense |
2,561 |
1,999 |
920 |
| Loss on disposal of property and equipment |
0 |
35 |
11 |
| Deferred income taxes |
(243) |
1,557 |
(6,083) |
| Loss in equity interest |
561 |
0 |
0 |
| Change in assets and liabilities: |
|
|
|
| Accounts receivable, net |
1,055 |
(1,288) |
(4,682) |
| Prepaid expenses and other current assets |
189 |
253 |
(45) |
| Other long-term assets |
220 |
380 |
164 |
| Accounts payable |
(527) |
2,335 |
4,120 |
| Accrued expenses and other current liabilities |
(2,205) |
1,715 |
1,709 |
| Other long-term liabilities |
334 |
77 |
(35) |
| Net cash provided by operating activities |
5,228 |
14,657 |
8,678 |
| CASH FLOWS FROM INVESTING ACTIVITIES: |
|
|
|
| Purchases of property and equipment |
(5,920) |
(4,269) |
(1,848) |
| Investment of equity interest |
(926) |
0 |
0 |
| Cash paid for business acquisition |
(1,011) |
(600) |
0 |
| Purchase of convertible promissory note |
(1,000) |
0 |
0 |
| Net cash used in investing activities |
(8,857) |
(4,869) |
(1,848) |
| CASH FLOWS FROM FINANCING ACTIVITIES: |
|
|
|
| Proceeds from sale/leaseback |
0 |
0 |
794 |
| Repayment on bank financing |
0 |
(250) |
(500) |
| Repayments on capital lease obligations |
(2,121) |
(2,336) |
(1,719) |
| Proceeds from exercise of common stock options |
195 |
1,212 |
372 |
| Proceeds from initial public offering |
0 |
25,364 |
0 |
| Initial public offering costs |
0 |
(2,753) |
(264) |
| Net cash (used in) provided by financing activities |
(1,926) |
21,237 |
(1,317) |
| Effect of exchange rate changes on cash and cash equivalents |
8 |
(6) |
0 |
| NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS |
(5,547) |
31,019 |
5,513 |
| CASH AND CASH EQUIVALENTS—Beginning of year |
41,944 |
10,925 |
5,412 |
| CASH AND CASH EQUIVALENTS—End of year |
36,397 |
41,944 |
10,925 |
| SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION: |
|
|
|
| Cash paid for interest |
165 |
259 |
110 |
| Cash paid for income taxes |
140 |
134 |
82 |
| SUPPLEMENTAL DISCLOSURES OF NON-CASH INVESTING AND FINANCING TRANSACTIONS: |
|
|
|
| Property and equipment acquired under capital lease obligations and bank financing |
1,039 |
2,484 |
2,185 |
| Accrual for business acquisition |
495 |
500 |
0 |
| Accrued property and equipment expenditures |
719 |
269 |
235 |
| Accrued initial public offering costs |
$ 0 |
$ 0 |
$ 1,042 |