XML 21 R6.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash flows from operating activities:      
Net loss $ (64,196) $ (42,765) $ (300,128)
Less: Income (loss) from discontinued operations, net of income taxes (893) (6,593) 4,691
Loss from continuing operations, net of income taxes (63,303) (36,172) (304,819)
Adjustments to reconcile net loss from continuing operations to net cash provided by (used in) operating activities:      
Depreciation and amortization 27,725 22,025 22,864
Impairment of goodwill 0 0 251,850
Amortization of deferred financing costs and debt discount 6,998 4,042 3,440
Change in fair value of contingent consideration 0 (4,597) (30)
Change in fair value of equity linked liabilities 3,587 (10,450) 0
Change in deferred income tax (3,379) 2,045 (20,089)
Compensation under stock-based compensation plans 2,360 1,801 4,513
Loss (gain) on dispositions 581 (3,954) 0
Loss on extinguishment of debt 13,453 0 0
Changes in assets and liabilities, net of acquired businesses:      
Receivables, net of bad debt expense 23,564 (2,219) 18,760
Inventory (2,544) 10,016 (5,769)
Prepaid expenses and other assets (239) (893) (734)
Accounts payable 689 (15,977) (23,381)
Amounts due to plan sponsors 942 308 (1,377)
Accrued interest 1 (192) 45
Accrued expenses and other liabilities (4,805) (1,305) (8,020)
Net cash provided by (used in) operating activities from continuing operations 5,630 (35,522) (62,747)
Net cash used in operating activities from discontinued operations (6,393) (7,019) (1,483)
Net cash used in operating activities (763) (42,541) (64,230)
Cash flows from investing activities:      
Cash consideration paid for acquisitions, net of cash acquired 0 (67,516) 0
Purchases of property and equipment, net (8,680) (9,870) (12,056)
Proceeds from dispositions 0 4,177 0
Investment in restricted cash (4,950) 0 0
Net cash used in investing activities from continuing operations (13,630) (73,209) (12,056)
Net cash provided by investing activities from discontinued operations 0 0 24,565
Net cash (used in) provided by investing activities (13,630) (73,209) 12,509
Cash flows from financing activities:      
Proceeds from private issuances, net 20,777 83,267 0
Proceeds from issuance of convertible preferred stock and warrants, net of issuance costs 0 0 59,691
Proceeds from priming credit agreement, net 23,060 0
Deferred and other financing costs (980) 0 (2,630)
Borrowings on revolving credit facility 563 104,300 203,663
Repayments on revolving credit facility (55,863) (64,000) (193,663)
Borrowing of long-term debt 294,446 0 0
Principal payments of long-term debt (236,770) (12,550) 0
Repayments of capital leases (1,072) (1,073) (395)
Net proceeds from exercise of employee stock compensation plans 120 (202) (108)
Net cash provided by financing activities 44,281 109,742 66,558
Net change in cash and cash equivalents 29,888 (6,008) 14,837
Cash and cash equivalents - beginning of period 9,569 15,577 740
Cash and cash equivalents - end of period 39,457 9,569 15,577
DISCLOSURE OF CASH FLOW INFORMATION:      
Cash paid during the period for interest 45,376 34,696 34,302
Cash paid during the period for income taxes, net of refunds 649 (372) 114
DISCLOSURE OF NON-CASH TRANSACTIONS:      
Issuance of 3,750,000 shares in connection with the Home Solutions acquisition 0 9,938 0
Capital lease obligations incurred to acquire property and equipment $ 1,825 $ 2,314 $ 0