XML 18 R6.htm IDEA: XBRL DOCUMENT v3.5.0.2
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) $ 608 $ (1,773)
Loss from discontinued operations 26 4,505
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:    
Depreciation, amortization and accretion 3,214 2,282
Provision for bad debts 522 426
Provision for obsolete inventory 1,891 1,256
Equity based compensation 398 487
Deferred income tax 317 (1,154)
Changes in operating assets and liabilities, net of acquisitions:    
Accounts receivable (3,840) (96)
Inventories (10,177) (418)
Income tax receivable/(payable) (749) (152)
Other current assets (1,379) 1,356
Other assets (119) (598)
Accounts payable 7,540 (2,601)
Accrued salaries and benefits 34 104
Accrued expenses (1,650) (876)
Customer deposits and deferred service revenue 241 (942)
Deferred service revenue 835 701
Other long-term liabilities (81) (136)
Deferred tax equity based compensation (12) (66)
Net cash (used in) provided by operating activities-continuing operations (2,381) 2,305
Net cash (used in) provided by operating activities-discontinued operations (436) (600)
Net cash (used in) provided by operating activities (2,817) 1,705
Cash flows from investing activities:    
Capital expenditures (1,770) (1,484)
Capitalization of software costs (1,949) (1,500)
Acquisition related consideration paid (977) 0
Net cash used in investing activities-continuing operations (4,696) (2,984)
Net cash used in investing activities-discontinued operations 0 (845)
Net cash used in investing activities (4,696) (3,829)
Cash flows from financing activities:    
Payments of long-term debt (151) (129)
Payments of other borrowings (162,322) (158,544)
Proceeds from other borrowings 167,117 156,982
Payments for deferred acquisition obligations (2,000) (3,000)
Proceeds of stock awards 26 0
Net cash provided by (used in) financing activities 2,670 (4,691)
Effect of exchange rate changes on cash and cash equivalents (298) (995)
Net decrease in cash and cash equivalents (5,141) (7,810)
Cash and cash equivalents at beginning of period 8,024 10,167
Cash and equivalents at end of period 2,883 2,357
Less cash and cash equivalents of discontinued operations at end of period 0 (300)
Cash and cash equivalents of continuing operations at end of period 2,883 2,057
Cash paid during the period for:    
Interest 49 163
Income taxes, net of refunds $ 798 $ 152