XML 23 R7.htm IDEA: XBRL DOCUMENT v3.6.0.2
Consolidated Statements of Cash Flows
$ in Thousands
12 Months Ended
Dec. 31, 2016
USD ($)
Dec. 31, 2015
USD ($)
Dec. 31, 2014
USD ($)
Cash flows from operating activities:      
Net loss $ (16,494) $ (83,196) $ (4,926)
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 34,043 35,993 37,413
Unrealized (gain) loss on foreign exchange, net (9,027) (814) (11,100)
Deferred income taxes (388) 289 829
Asset impairments 3,144 15,306 8,827
Provision for doubtful accounts, net 3,230 25,997 12,087
Share-based compensation 10,736 11,236 12,503
Inventory write-down charges 0 3,108 7,490
Non-cash restructuring charges 0 0 6,413
Other non-cash items 503 4,029 534
Changes in operating assets and liabilities:      
Accounts receivable, net of allowances 2,408 (15,604) (15,288)
Inventories 20,371 (8,586) (31,251)
Prepaid expenses and other assets (4,532) 1,755 21,698
Accounts payable (1,354) 23,260 (12,106)
Accrued expenses and other liabilities 3,836 8,765 (15,824)
Accrued restructuring (952) (3,677) 4,859
Income taxes (5,770) (8,163) (33,809)
Cash provided by (used in) operating activities 39,754 9,698 (11,651)
Cash flows from investing activities:      
Cash paid for purchases of property and equipment (13,233) (12,826) (15,991)
Proceeds from disposal of property and equipment 2,438 (2) 236
Cash paid for intangible assets (8,961) (5,660) (41,035)
Change in restricted cash 1,199 (139) (1,202)
Other (100) 0 0
Cash used in investing activities (18,657) (18,627) (57,992)
Cash flows from financing activities:      
Proceeds from preferred stock offering, net of issuance costs of $0.0 million and $15.8 million, respectively 0 0 182,220
Dividends—Series A preferred stock (12,000) (11,900) (8,234)
Proceeds from bank borrowings 31,582 0 0
Repayment of bank borrowings and capital lease obligations (35,640) (5,290) (5,177)
Deferred debt issuance costs (481) 191 (75)
Issuances of common stock 420 1,864 1,342
Purchase of treasury stock, net of issuances 0 (85,926) (145,858)
Repurchase of common stock for tax withholding (324) (261) (787)
Excess tax benefit from share-based compensation 0 62 0
Cash provided by (used in) financing activities (16,443) (101,260) 23,431
Effect of exchange rate changes on cash (430) (13,982) (3,420)
Net increase (decrease) in cash and cash equivalents 4,224 (124,171) (49,632)
Cash and cash equivalents—beginning of period 143,341 267,512 317,144
Cash and cash equivalents—end of period 147,565 143,341 267,512
Supplemental disclosure of cash flow information—cash paid during the period for:      
Interest, net of capitalized interest 653 917 616
Income taxes 12,344 19,923 33,655
Supplemental disclosure of non-cash investing and financing activities:      
Assets acquired under capitalized leases 39 20 0
Accrued purchases of property and equipment 2,195 851 771
Accrued purchases of intangibles 533 0 2,988
Intrinsic value of beneficial conversion feature—Series A preferred stock 0 0 12,276
Accrued dividends 3,000 3,000 3,067
Accretion of dividend equivalents 3,244 2,978 2,735
Change in assets held for sale 2,428 (1,595) 0
Vendor financed insurance premiums $ 2,082 $ 0 $ 0