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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
OPERATING ACTIVITIES - Continuing Operations    
Net income (loss) $ (24,383) $ (40,034)
(Income) loss from discontinued operations, net of tax 9,003 24,692
Adjustments to reconcile net loss to cash used in operating activities:    
Depreciation and amortization 83 100
Equity-based compensation 9,495 9,824
Impairment related and other 0 (42)
Other (income) loss, net (3,846) (2,888)
Changes in operating assets and liabilities    
Prepaid expenses and other assets (68) 1,147
Accounts payable (809) (155)
Accrued expenses 111 (651)
Accrued compensation and benefits (74) (796)
Other liabilities 0 (32)
Cash flows provided by (used in) operating activities (10,488) (8,835)
INVESTING ACTIVITIES - Continuing Operations    
Capital expenditures (52) (11)
Proceeds from sales/distribution of ownership interests 3,846 4,454
Ownership acquisition, net of cash acquired (223) (700)
Cash flows provided by (used in) investing activities 3,571 3,743
FINANCING ACTIVITIES - Continuing Operations    
Purchase of treasury stock (30,434) (9,533)
Tax withholdings related to equity-based awards (2,896) (1,570)
Financing activities with discontinued operations, net (2,564) (10,637)
Cash flows provided by (used in) financing activities (35,894) (21,740)
Effect of exchange rate on cash and cash equivalents (115) (41)
Net increase (decrease) in cash and cash equivalents from continuing operations (42,926) (26,873)
Discontinued Operations    
Cash flows provided by (used in) operating activities 5,582 (4,710)
Cash flows provided by (used in) investing activities (1,327) (6,766)
Cash flows provided by (used in) financing activities 2,893 4,010
Net increase (decrease) in cash and cash equivalents from discontinued operations 7,148 (7,466)
Cash and cash equivalents at beginning of period - discontinued operations 20,834 21,961
Less: cash and cash equivalents at end of period - discontinued operations 27,982 14,495
Cash and cash equivalents at beginning of period 76,530 54,352
Cash and cash equivalents at end of period $ 33,604 $ 27,479