XML 18 R5.htm IDEA: XBRL DOCUMENT v3.7.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash flows from operating activities    
Net loss $ (3,508) $ (13,151)
Adjustments to reconcile net loss to cash provided by operating activities:    
Depreciation and amortization 28,155 35,518
Amortization of financing costs 1,672 1,672
Loss on sale or disposal of assets 436 611
Accretion of contract rights 2,002 2,097
Provision for bad debts 2,817 2,444
Reserve for obsolescence 408 119
Stock-based compensation 1,412 1,061
Changes in operating assets and liabilities:    
Settlement receivables 86,400 16,634
Trade and other receivables 4,423 5,711
Inventory (3,739) (497)
Prepaid and other assets (3,409) 2,047
Deferred income taxes 626 (8,343)
Settlement liabilities (111,498) (29,603)
Accounts payable and accrued expenses 25,161 8,384
Net cash provided by operating activities 31,358 24,704
Cash flows from investing activities    
Capital expenditures (17,184) (23,613)
Proceeds from sale of fixed assets   10
Placement fee agreements (3,044) (1,000)
Changes in restricted cash and cash equivalents (125) 44
Net cash used in investing activities (20,353) (24,559)
Cash flows from financing activities    
Repayments of credit facility (2,500) (2,500)
Issuance costs of new debt   (480)
Proceeds from exercise of stock options 5  
Purchase of treasury stock (7) (9)
Net cash used in financing activities (2,502) (2,989)
Effect of exchange rates on cash 307 148
Cash and cash equivalents    
Net (decrease) increase for the period 8,810 (2,696)
Balance, beginning of the period 119,051 102,030
Balance, end of the period 127,861 99,334
Supplemental cash disclosures    
Cash paid for interest 8,243 8,846
Cash paid for income tax 575 273
Cash refunded for income tax 200  
Supplemental non-cash disclosures    
Accrued and unpaid capital expenditures 2,789 12,424
Transfer of leased gaming equipment to inventory $ 2,301 $ 1,039