XML 17 R5.htm IDEA: XBRL DOCUMENT v3.5.0.2
UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash flows from operating activities:    
Net loss $ (29,035) $ (281,264)
Less: income from discontinued operations, net of income taxes 134 5,172
Loss from continuing operations, net of income taxes (29,169) (286,436)
Adjustments to reconcile net loss from continuing operations, net of income taxes to net cash used in operating activities:    
Depreciation and amortization 12,956 17,517
Impairment of goodwill 0 251,850
Amortization of deferred financing costs and debt discount 3,005 2,929
Change in fair value of contingent consideration (4,597) (21)
Change in deferred income taxes 536 (21,208)
Stock-based compensation expense 3,347 3,651
Gain (loss) on dispositions (3,954) 784
Changes in assets and liabilities:    
Receivables, net of bad debt expense 6,720 3,623
Inventory 12,802 10,328
Prepaid expenses and other assets 9,161 (3,386)
Accounts payable (31,248) (35,822)
Amounts due to plan sponsors 461 (1,354)
Accrued interest (4,629) (4,586)
Accrued expenses and other liabilities (7,841) (8,555)
Net cash used in operating activities from continuing operations (32,450) (70,686)
Net cash (used in) provided by operating activities from discontinued operations (6,088) 4,061
Net cash used in operating activities (38,538) (66,625)
Cash flows from investing activities:    
Cash consideration paid for acquisition (67,516) 0
Purchases of property and equipment (8,044) (10,146)
Proceeds from dispositions 4,177 0
Net cash used in investing activities from continuing operations (71,383) (10,146)
Net cash provided by investing activities from discontinued operations 0 22,375
Net cash (used in) provided by investing activities (71,383) 12,229
Cash flows from financing activities:    
Proceeds from issuance of convertible preferred stock and warrants, net of issuance costs 0 59,691
Deferred and other financing costs 0 (1,219)
Borrowings on revolving credit facility 84,000 203,663
Repayments on revolving credit facility (60,000) (178,663)
Principal payments of long-term debt (9,411) 0
Repayments of capital leases (525) (315)
Proceeds from equity offering, net of $7,133 in offering costs 83,267 0
Other (152) (60)
Net cash provided by financing activities 97,179 83,097
Net change in cash and cash equivalents (12,742) 28,701
Cash and cash equivalents - beginning of period 15,577 740
Cash and cash equivalents - end of period 2,835 29,441
DISCLOSURE OF CASH FLOW INFORMATION:    
Cash paid during the period for interest 30,128 23,882
Cash paid during the period for income taxes 260 462
DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Issuance of 3,750,000 shares in connection with the acquisition of Home Solutions $ 9,938 $ 0