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Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) $ 500 $ (1,062)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation 11,550 4,971
Amortization of intangibles 5,454 283
Amortization of debt issue costs 532  
Stock based compensation – options, restricted stock and warrants 4,024 1,907
Provision for bad debts 8,183 1,849
Changes in assets and liabilities, net of business acquisition:    
(Increase) in accounts receivable, net of write-offs (9,424) (2,930)
(Increase) in inventories (844) (351)
(Increase) in prepaid expenses (1,482) (409)
(Increase) decrease in other current assets (46) 12
Increase in accounts payable and other liabilities 3,271 2
Net cash provided by operating activities 21,718 4,272
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property and equipment (5,328) (1,682)
Net cash used in investing activities (5,328) (1,682)
CASH FLOWS FROM FINANCING ACTIVITIES    
Repayment of revolving credit facility (10,044)  
Repayment of term loan (413)  
Repayment of capital lease obligations/loans (3,874) (2,912)
Proceeds from the exercise of options, warrants and ESPP shares, net of transaction expenses 3,456 599
Net cash used in financing activities (10,875) (2,313)
Net change in cash and cash equivalents 5,515 277
Cash and cash equivalent, beginning of period 23,420 33,689
Cash and cash equivalents, end of period 28,935 33,966
Supplemental disclosure of cash flow information:    
Interest paid 3,993 672
Income taxes paid 228 20
Supplemental disclosure of non-cash investing and financing information:    
Equipment acquired under capital lease/loan obligations 4,907 $ 4,377
Deemed dividends on preferred stock 5,520  
Amortization of preferred stock beneficial conversion feature $ 11,180