XML 21 R6.htm IDEA: XBRL DOCUMENT v2.4.1.9
Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Cash flows from operating activities:    
Net loss $ (2,958)us-gaap_NetIncomeLoss $ (3,674)us-gaap_NetIncomeLoss
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 2,038us-gaap_DepreciationDepletionAndAmortization 2,585us-gaap_DepreciationDepletionAndAmortization
Amortization of deferred loan costs 0us-gaap_AmortizationOfFinancingCosts 16us-gaap_AmortizationOfFinancingCosts
Stock-based compensation expense 1,132us-gaap_ShareBasedCompensation 1,021us-gaap_ShareBasedCompensation
Deferred income taxes 216us-gaap_DeferredIncomeTaxExpenseBenefit (209)us-gaap_DeferredIncomeTaxExpenseBenefit
Foreign currency transaction (gains) losses on short-term intercompany balances 1,692prgx_ForeignCurrencyTransactionGainsLossesOnIntercompanyBalances 15prgx_ForeignCurrencyTransactionGainsLossesOnIntercompanyBalances
Changes in operating assets and liabilities:    
Restricted cash (54)us-gaap_IncreaseDecreaseInRestrictedCash (69)us-gaap_IncreaseDecreaseInRestrictedCash
Billed receivables 3,688us-gaap_IncreaseDecreaseInAccountsReceivable 3,055us-gaap_IncreaseDecreaseInAccountsReceivable
Unbilled receivables 2,396us-gaap_IncreaseDecreaseInUnbilledReceivables 4,177us-gaap_IncreaseDecreaseInUnbilledReceivables
Prepaid expenses and other current assets 647us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets 706us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
Other assets 27us-gaap_IncreaseDecreaseInOtherOperatingAssets 1us-gaap_IncreaseDecreaseInOtherOperatingAssets
Accounts payable and accrued expenses (963)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities (3,192)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
Accrued payroll and related expenses (2,148)us-gaap_IncreaseDecreaseInEmployeeRelatedLiabilities (1,453)us-gaap_IncreaseDecreaseInEmployeeRelatedLiabilities
Refund liabilities (492)prgx_IncreaseDecreaseInRefundLiabilities (647)prgx_IncreaseDecreaseInRefundLiabilities
Deferred revenue 170us-gaap_IncreaseDecreaseInDeferredRevenue 309us-gaap_IncreaseDecreaseInDeferredRevenue
Noncurrent compensation obligations 0us-gaap_IncreaseDecreaseInDeferredCompensation 184us-gaap_IncreaseDecreaseInDeferredCompensation
Other long-term liabilities 33us-gaap_IncreaseDecreaseInOtherOperatingLiabilities 87us-gaap_IncreaseDecreaseInOtherOperatingLiabilities
Net cash provided by operating activities 5,424us-gaap_NetCashProvidedByUsedInOperatingActivities 2,912us-gaap_NetCashProvidedByUsedInOperatingActivities
Cash flows from investing activities:    
Purchases of property and equipment, net of disposal proceeds (1,116)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (844)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Net cash used in investing activities (1,116)us-gaap_NetCashProvidedByUsedInInvestingActivities (844)us-gaap_NetCashProvidedByUsedInInvestingActivities
Cash flows from financing activities:    
Payment of deferred loan costs 0us-gaap_PaymentsOfFinancingCosts (80)us-gaap_PaymentsOfFinancingCosts
Restricted stock remitted by employees for taxes (51)us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation (5)us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation
Proceeds from option exercises 45us-gaap_ProceedsFromStockOptionsExercised 2,183us-gaap_ProceedsFromStockOptionsExercised
Payments of deferred acquisition consideration 0prgx_PaymentsOfDeferredAcquisitionConsideration (1,978)prgx_PaymentsOfDeferredAcquisitionConsideration
Repurchase of common stock (5,488)us-gaap_PaymentsForRepurchaseOfCommonStock (40)us-gaap_PaymentsForRepurchaseOfCommonStock
Net cash (used in) provided by financing activities (5,494)us-gaap_NetCashProvidedByUsedInFinancingActivities 80us-gaap_NetCashProvidedByUsedInFinancingActivities
Effect of exchange rates on cash and cash equivalents (1,161)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents (151)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents
Net increase (decrease) in cash and cash equivalents (2,347)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 1,997us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents at beginning of period 25,735us-gaap_CashAndCashEquivalentsAtCarryingValue 43,700us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents at end of period 23,388us-gaap_CashAndCashEquivalentsAtCarryingValue 45,697us-gaap_CashAndCashEquivalentsAtCarryingValue
Supplemental disclosure of cash flow information:    
Cash paid during the period for interest 14us-gaap_InterestPaid 19us-gaap_InterestPaid
Cash paid during the period for income taxes, net of refunds received $ 188us-gaap_IncomeTaxesPaidNet $ 948us-gaap_IncomeTaxesPaidNet