Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands |
3 Months Ended |
Jan. 31, 2016 |
Feb. 01, 2015 |
| CASH FLOWS FROM OPERATING ACTIVITIES: |
|
|
| NET LOSS |
$ (10,962)
|
$ (13,319)
|
| Loss from discontinued operations, net of income taxes |
0
|
(4,519)
|
| Loss from continuing operations |
(10,962)
|
(8,800)
|
| Adjustment to reconcile net loss to cash provided by operating activities: |
|
|
| Depreciation and amortization |
1,538
|
1,771
|
| Provision (release) of doubtful accounts and sales allowances |
(174)
|
132
|
| Unrealized foreign currency exchange gain |
(428)
|
(915)
|
| Gain on dispositions of business units and equipment |
138
|
(118)
|
| Deferred income tax provision (benefit) |
0
|
(79)
|
| Share-based compensation expense |
187
|
476
|
| Accretion of convertible note discount |
(65)
|
0
|
| Change in operating assets and liabilities: |
|
|
| Trade accounts receivable |
28,463
|
31,308
|
| Restricted cash |
(2,577)
|
4,313
|
| Prepaid insurance and other assets |
(1,022)
|
338
|
| Net assets held for sale |
615
|
3,755
|
| Accounts payable |
(4,136)
|
(7,659)
|
| Accrued expenses and other liabilities |
2,802
|
(4,867)
|
| Income taxes |
(1,776)
|
(20)
|
| Net cash provided by operating activities |
12,603
|
19,635
|
| CASH FLOWS FROM INVESTING ACTIVITIES: |
|
|
| Sales of investments |
581
|
569
|
| Purchases of investments |
(237)
|
(238)
|
| Proceeds from sale of business unit and equipment |
363
|
131
|
| Purchases of property, equipment, and software |
(3,887)
|
(1,234)
|
| Net cash used in investing activities |
(3,180)
|
(772)
|
| CASH FLOWS FROM FINANCING ACTIVITES: |
|
|
| Decrease in cash restricted as collateral for borrowings |
0
|
9,123
|
| Repayment of borrowings |
0
|
(23,506)
|
| Draw-down on borrowings |
0
|
10,000
|
| Repayment of long-term debt |
(318)
|
(147)
|
| Debt issuance costs |
(358)
|
(232)
|
| Proceeds from exercise of options |
9
|
0
|
| Withholding tax payment on vesting of restricted stock awards |
(116)
|
0
|
| Net cash used in financing activities |
(783)
|
(4,762)
|
| Effect of exchange rate changes on cash and cash equivalents |
(2,313)
|
402
|
| CASH FLOWS FROM DISCONTINUED OPERATIONS: |
|
|
| Cash flow from operating activities |
0
|
(3,237)
|
| Cash flow from investing activities |
0
|
(4,000)
|
| Net cash used in discontinued operations |
0
|
(7,237)
|
| Net increase in cash and cash equivalents |
6,327
|
7,266
|
| Cash and cash equivalents, beginning of period |
10,188
|
6,723
|
| Change in cash from discontinued operations |
0
|
(211)
|
| Cash and cash equivalents, end of period |
16,515
|
13,778
|
| Cash paid during the period: |
|
|
| Interest |
782
|
644
|
| Income taxes |
2,112
|
329
|
| Supplemental disclosure of non-cash investing and financing activities: |
|
|
| Note receivable in exchange for Computer Systems segment net assets sold |
$ 0
|
$ 8,363
|