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Condensed Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash flows from operating activities    
Net income (loss) $ 17,479 $ (676)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Depreciation and amortization 9,403 14,382
Stock-based compensation expense 5,296 4,097
Deferred income taxes (82) 677
Bad debt provision 268 1,433
Change in fair value of contingent consideration 677 9,975
Other operating activities 157 157
Change in assets:    
Accounts receivable and unbilled revenue (38,108) (12,798)
Inventories (17,106) (12,050)
Prepaid expenses and other assets (10,401) 3,574
Change in liabilities:    
Accounts payable 8,312 (40,264)
Accrued expenses and other liabilities 11,722 7,861
Net cash used in operating activities (12,383) (23,632)
Cash flows from investing activities    
Purchases of property and equipment (10,274) (10,502)
Net cash used in investing activities (10,274) (10,502)
Cash flows from financing activities    
Net borrowings from revolving credit facilities 42,258 34,722
Net short-term secured borrowings 633 (820)
Repurchases of common stock (10,041) 0
Payments of contingent consideration (15,345) (11,008)
Proceeds from exercise of stock options 1,824 2,002
Other financing activities (850) (680)
Net cash provided by financing activities 18,479 24,216
Effect of exchange rate changes on cash and cash equivalents 936 (50)
Decrease in cash and cash equivalents (3,242) (9,968)
Cash and cash equivalents, beginning of period 30,924 30,755
Cash and cash equivalents, end of period $ 27,682 $ 20,787