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Condensed Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash flows from operating activities    
Net (loss) income $ (1,684) $ 5,678
Adjustments to reconcile net (loss) income to net cash from operating activities:    
Depreciation and amortization 3,659 2,904
Stock-based compensation expense 1,417 1,419
Deferred income taxes 30 478
Bad debt provision 538 175
Amortization of Implementation Cost 125 0
Change in fair value of contingent consideration 0 (1,040)
Other operating activities 52 52
Change in assets:    
Accounts receivable and unbilled revenue 24,165 (4,680)
Inventories 2,131 (226)
Prepaid expenses and other assets 2,941 (1,167)
Change in liabilities:    
Accounts payable (20,922) (8,396)
Accrued expenses and other liabilities 21,857 4,923
Net cash provided by operating activities 34,309 120
Cash flows from investing activities    
Purchases of property and equipment (2,874) (3,042)
Net cash used in investing activities (2,874) (3,042)
Cash flows from financing activities    
Net (repayments) borrowings from revolving credit facilities (9,023) 6,519
Net short-term secured repayments (1,986) (801)
Repurchases of common stock (8,048) (4,342)
Proceeds from exercise of stock options 7 189
Other financing activities (67) (95)
Net cash (used in) provided by financing activities (19,117) 1,470
Effect of exchange rate changes on cash and cash equivalents 594 448
Increase (decrease) in cash and cash equivalents 12,912 (1,004)
Cash and cash equivalents, beginning of period 30,562 30,924
Cash and cash equivalents, end of period $ 43,474 $ 29,920