XML 19 R7.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
Operating Activities      
Net income (loss) $ (17,416) $ 3,933 $ 18,343
Adjustments to net income (loss):      
Provision for bad debt 3,421 2,259 910
Deferred taxes 1,421 3,672 (2,698)
Stock based compensation 7,166 5,366 5,380
(Excess) deficit tax benefit from shared-based compensation 0 (210) 176
Depreciation 2,473 3,062 3,174
Amortization of acquisition-related intangibles 10,406 10,182 0
Amortization of deferred finance costs 645 673 0
Goodwill impairment 28,000 0 0
Loss on extinguishment of debt 1,340 0 0
Changes in operating assets and liabilities (net of acquired assets and liabilities):      
Accounts receivable (7,847) (3,927) (166)
Financing receivables (17,308) 1,514 6,500
Inventories 280 14 (102)
Prepaid expenses and other (30) 1,787 (419)
Accounts payable 779 (5,588) 600
Deferred revenue 2,867 (13,662) (2,070)
Other liabilities 6,069 (7,250) 730
Prepaid income taxes/income taxes payable 1,377 280 518
Net cash provided by operating activities 23,643 2,105 30,876
Investing Activities      
Purchases of property and equipment (726) (39) (448)
Purchase of business, net of cash received 0 (162,611) 0
Purchases of investments 0 0 (150)
Sale of investments 0 10,861 0
Net cash used in investing activities (726) (151,789) (598)
Financing Activities      
Dividends paid (11,636) (25,092) (28,943)
Proceeds from long-term debt 777 156,397 0
Payments of long-term debt principal (12,838) (5,196) 0
Payments on capital lease (296) 0 0
Payments of contingent consideration (625) (500) 0
Proceeds from exercise of stock options 1 1,134 0
Excess (deficit) tax benefit from stock-based compensation 0 210 (176)
Net cash provided by (used in) financing activities (24,617) 126,953 (29,119)
Increase (decrease) in cash and cash equivalents (1,700) (22,731) 1,159
Cash and cash equivalents at beginning of year 2,220 24,951 23,792
Cash and cash equivalents at end of year 520 2,220 24,951
Supplemental disclosure of cash flow information      
Cash paid for interest 6,953 5,876 0
Cash paid for income taxes, net of refund 1,134 110 9,231
Supplemental disclosure of non-cash flow information:      
Fair value of common stock and options issued as consideration for acquisition of HHI 0 97,017 0
Reclassification of inventory to property and equipment 0 0 39
Write-off of fully depreciated assets 6,049 2,769 0
Capital lease obligation $ 0 $ 933 $ 0