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Condensed Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash flows from operating activities    
Net (loss) income $ (46,921) $ 17,168
Adjustments to reconcile net (loss) income to net cash from operating activities:    
Depreciation and amortization 10,438 9,403
Stock-based compensation expense 3,624 5,296
Deferred income taxes 0 448
Bad debt provision 888 268
Implementation cost amortization 344 0
Change in fair value of contingent consideration 0 677
Goodwill, Impairment Loss 27,887 0
Impairment of Intangible Assets, Finite-lived 16,818 0
Other operating activities (189) 157
Change in assets:    
Accounts receivable and unbilled revenue 5,810 (35,732)
Inventories (16,469) (17,726)
Prepaid expenses and other assets (7,903) (10,567)
Change in liabilities:    
Accounts payable 20,350 7,395
Accrued expenses and other liabilities (See Note 3) (4,572) 6,474
Net cash provided by (used in) operating activities 10,105 (16,739)
Cash flows from investing activities    
Purchases of property and equipment (7,835) (10,274)
Net cash used in investing activities (7,835) (10,274)
Cash flows from financing activities    
Net borrowings from revolving credit facility 23,230 42,258
Net short-term secured borrowings 55 633
Repurchases of common stock (25,689) (10,041)
Payments of contingent consideration 0 (10,989)
Proceeds from exercise of stock options 416 1,824
Other financing activities (746) (850)
Net cash (used in) provided by financing activities (3,279) 22,835
Effect of exchange rate changes on cash and cash equivalents (1,958) 936
Decrease in cash and cash equivalents (2,967) (3,242)
Cash and cash equivalents, beginning of period 30,562 30,924
Cash and cash equivalents, end of period $ 27,595 $ 27,682