XML 17 R7.htm IDEA: XBRL DOCUMENT v3.7.0.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Operating Activities:    
Net income (loss) $ 1,833 $ 333
Adjustments to net income:    
Provision for bad debt 473 451
Deferred taxes 1,920 1,748
Stock-based compensation 2,967 2,877
Excess tax benefit from stock-based compensation 0 (244)
Depreciation 1,419 1,740
Amortization of acquisition-related intangibles 5,203 4,979
Amortization of deferred finance costs 365 330
Changes in operating assets and liabilities (net of acquired assets and liabilities):    
Accounts receivable (3,013) (2,564)
Financing receivables (4,241) (574)
Inventories 622 (10)
Prepaid expenses and other (1,014) 242
Accounts payable 4,588 (4,260)
Deferred revenue 2,724 (8,573)
Other liabilities 2,236 (5,825)
Prepaid income taxes/income taxes payable (191) 868
Net cash provided by (used in) operating activities 15,891 (8,482)
Investing Activities:    
Purchases of property and equipment (465) (39)
Purchase of business, net of cash received 0 (162,611)
Sale of investments 0 10,861
Net cash used in investing activities (465) (151,789)
Financing Activities:    
Dividends paid (6,135) (17,244)
Proceeds from long-term debt 0 156,572
Payments of long-term debt principal (9,771) (1,562)
Proceeds from exercise of stock options 1 1,134
Excess tax benefit from stock-based compensation 0 244
Net cash provided by (used in) financing activities (15,905) 139,144
Decrease in cash and cash equivalents (479) (21,127)
Cash and cash equivalents at beginning of period 2,220 24,951
Cash and cash equivalents at end of period 1,741 3,824
Supplemental disclosure of cash flow information:    
Cash paid for interest 3,355 2,780
Cash paid for income taxes, net of refund 514 0
Supplemental disclosure of non-cash information:    
Fair value of common stock and options issued as consideration for acquisition of HHI 0 97,017
Write-off of fully depreciated assets $ 0 $ 2,769