CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands |
12 Months Ended |
Dec. 31, 2015 |
Dec. 31, 2014 |
Dec. 31, 2013 |
| Cash flows from operating activities: |
|
|
|
| Net income (loss) |
$ 31,483
|
$ (79,827)
|
$ (15,867)
|
| Reconciliation of net income (loss) to net cash provided by (used in) operating activities: |
|
|
|
| (Income) loss from discontinued operations |
(96,032)
|
5,219
|
(20,831)
|
| Depreciation and amortization |
27,200
|
31,873
|
34,436
|
| Long-lived asset impairment charges |
3,791
|
0
|
0
|
| Stock-based compensation |
6,605
|
12,475
|
6,382
|
| Debt covenant suspension and extinguishment charges |
39,178
|
15,176
|
11,573
|
| Provision (benefit) for deferred income taxes |
(413)
|
829
|
447
|
| Amortization of debt issue costs |
573
|
846
|
4,093
|
| Non-cash interest expense |
0
|
1,199
|
2,237
|
| Gain on disposal of property and equipment |
(2,102)
|
(5,177)
|
(3,178)
|
| Gain on sale of subsidiary |
(12,826)
|
0
|
0
|
| Provision for bad debt |
2,945
|
3,096
|
1,047
|
| Other non-cash |
0
|
0
|
(111)
|
| Changes in operating assets and liabilities: |
|
|
|
| Accounts receivable, net |
104,620
|
23,720
|
(17,202)
|
| Contract cost and recognized income not yet billed |
9,672
|
16,370
|
28,685
|
| Prepaid expenses and other assets |
(433)
|
(699)
|
10,140
|
| Accounts payable and accrued liabilities |
(56,894)
|
(42,444)
|
(42,512)
|
| Accrued income taxes |
715
|
(7,265)
|
1,918
|
| Contract billings in excess of cost and recognized income |
(4,611)
|
1,070
|
(19,897)
|
| Other assets and liabilities, net |
(7,462)
|
1,702
|
6,811
|
| Cash provided by (used in) operating activities of continuing operations |
46,009
|
(21,837)
|
(11,829)
|
| Cash provided by (used in) operating activities of discontinued operations |
(50,204)
|
(38,269)
|
14,298
|
| Cash provided by (used in) operating activities |
(4,195)
|
(60,106)
|
2,469
|
| Cash flows from investing activities: |
|
|
|
| Proceeds from sales of property, plant and equipment |
12,228
|
6,372
|
2,921
|
| Proceeds from sale of subsidiaries |
236,112
|
47,700
|
38,900
|
| Purchases of property, plant and equipment |
(2,705)
|
(11,584)
|
(12,483)
|
| Deposit of restricted cash |
(35,212)
|
0
|
0
|
| Cash provided by investing activities of continuing operations |
210,423
|
42,488
|
29,338
|
| Cash used in investing activities of discontinued operations |
(590)
|
(3,258)
|
(3,383)
|
| Cash provided by investing activities |
209,833
|
39,230
|
25,955
|
| Cash flows from financing activities: |
|
|
|
| Proceeds from term loan issuance |
0
|
270,000
|
250,000
|
| Proceeds from revolver and notes payable |
30,439
|
55,000
|
66,867
|
| Payments on capital leases |
(915)
|
(846)
|
(1,011)
|
| Payments of revolver and notes payable |
(30,439)
|
(74,518)
|
(161,484)
|
| Payments on term loan facility |
(174,648)
|
(249,375)
|
(189,796)
|
| Payments to reacquire common stock |
(899)
|
(1,762)
|
(676)
|
| Payments to noncontrolling interest owners |
0
|
0
|
(3,100)
|
| Cost of debt issuance |
(804)
|
(1,177)
|
(5,235)
|
| Cash used in financing activities of continuing operations |
(177,266)
|
(2,678)
|
(44,435)
|
| Cash provided by financing activities of discontinued operations |
10,624
|
4,274
|
6,805
|
| Cash provided by (used in) financing activities |
(166,642)
|
1,596
|
(37,630)
|
| Effect of exchange rate changes on cash and cash equivalents |
(3,437)
|
(1,057)
|
(1,564)
|
| Cash provided by (used in) all activities |
35,559
|
(20,337)
|
(10,770)
|
| Cash and cash equivalents of continuing operations at beginning of period |
22,565
|
42,096
|
48,154
|
| Cash and cash equivalents of discontinued operations at beginning of period |
708
|
1,514
|
6,226
|
| Cash and cash equivalents at beginning of period |
23,273
|
43,610
|
54,380
|
| Cash and cash equivalents at end of period |
58,832
|
23,273
|
43,610
|
| Less: cash and cash equivalents of discontinued operations at end of period |
0
|
(708)
|
(1,514)
|
| Cash and cash equivalents of continuing operations at end of period |
58,832
|
22,565
|
42,096
|
| Supplemental disclosures of cash flow information: |
|
|
|
| Cash paid for interest (including discontinued operations) |
28,198
|
26,848
|
26,856
|
| Cash paid for income taxes (including discontinued operations) |
3,495
|
18,741
|
13,327
|
| Supplemental non-cash investing and financing transactions: |
|
|
|
| Prepaid insurance obtained by note payable |
0
|
0
|
1,182
|
| Capital expenditure included in accounts payable and accrued liabilities |
$ 163
|
$ 685
|
$ 815
|