XML 21 R6.htm IDEA: XBRL DOCUMENT v3.7.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Cash flows from operating activities:      
Net loss $ (41,506) $ (299,707) $ (147,468)
Less: Income (loss) from discontinued operations, net of income taxes (7,139) 3,721 2,452
Loss from continuing operations, net of income taxes (34,367) (303,428) (149,920)
Adjustments to reconcile net loss from continuing operations to net cash (used in) operating activities:      
Depreciation and amortization 21,551 22,743 22,943
Impairment of goodwill 0 251,850 0
Amortization of deferred financing costs and debt discount 4,042 3,440 4,153
Change in fair value of contingent consideration (4,597) (30) (7,364)
Change in fair value of equity linked liabilities (10,450) 0 0
Change in deferred income tax 2,045 (20,089) 9,359
Compensation under stock-based compensation plans 1,963 4,513 8,570
Gain on dispositions (3,954) 0 0
Loss on extinguishment of debt 0 0 2,373
Changes in assets and liabilities, net of acquired businesses:      
Receivables, net of bad debt expense (2,502) 20,628 34,534
Inventory 10,016 (5,769) (2,952)
Prepaid expenses and other assets (892) (4,003) 5,474
Accounts payable (20,517) (24,129) 27,092
Amounts due to plan sponsors 308 (1,377) 562
Accrued interest (193) 44 4,681
Accrued expenses and other liabilities 2,344 (6,682) 7,310
Net cash used in operating activities from continuing operations (35,203) (62,289) (33,185)
Net cash (used in) provided by operating activities from discontinued operations (7,566) (2,453) 1,769
Net cash used in operating activities (42,769) (64,742) (31,416)
Cash flows from investing activities:      
Cash consideration paid for acquisitions, net of cash acquired (67,516) 0 (454)
Purchases of property and equipment, net (9,642) (11,544) (13,829)
Proceeds from dispositions 4,177 0 0
Net cash proceeds from sale of unconsolidated affiliate 0 0 852
Net cash used in investing activities from continuing operations (72,981) (11,544) (13,431)
Net cash provided by investing activities from discontinued operations 0 24,565 57,688
Net cash (used in) provided by investing activities (72,981) 13,021 44,257
Cash flows from financing activities:      
Net proceeds from equity offering, net of expenses and underwriter allotment 83,267 0 0
Proceeds from issuance of convertible preferred stock and warrants, net of issuance costs 0 59,691 0
Proceeds from senior notes due 2021, net of discount, lenders' fees and other expenses 0 194,539
Deferred and other financing costs 0 (2,630) (1,135)
Borrowings on revolving credit facility 104,300 203,663 244,700
Repayments on revolving credit facility (64,000) (193,663) (279,703)
Principal payments of long-term debt (12,550) 0 (172,243)
Repayments of capital leases (1,073) (395) (360)
Net proceeds from exercise of employee stock compensation plans (202) (108) 1,100
Net cash provided by (used in) financing activities 109,742 66,558 (13,102)
Net change in cash and cash equivalents (6,008) 14,837 (261)
Cash and cash equivalents - beginning of period 15,577 740 1,001
Cash and cash equivalents - end of period 9,569 15,577 740
DISCLOSURE OF CASH FLOW INFORMATION:      
Cash paid during the period for interest 34,696 34,302 34,133
Cash paid during the period for income taxes, net of refunds (372) 114 1,651
DISCLOSURE OF NON-CASH TRANSACTIONS:      
Issuance of 3,750,000 shares in connection with the Home Solutions acquisition 9,938 0 0
Capital lease obligations incurred to acquire property and equipment $ 2,314 $ 0 $ 107