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Condensed Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash flows from operating activities    
Net loss $ (2,462) $ (1,684)
Adjustments to reconcile net loss to net cash from operating activities:    
Depreciation and amortization 2,617 3,659
Stock-based compensation expense 739 1,417
Deferred income taxes 0 30
Bad debt provision 385 538
Implementation cost amortization 143 125
Other operating activities 102 52
Change in assets:    
Accounts receivable and unbilled revenue 3,924 24,165
Inventories 9,149 2,131
Prepaid expenses and other assets 116 2,941
Change in liabilities:    
Accounts payable (8,351) (20,922)
Accrued expenses and other liabilities (870) 21,857
Net cash provided by operating activities 5,492 34,309
Cash flows from investing activities    
Purchases of property and equipment (3,345) (2,874)
Net cash used in investing activities (3,345) (2,874)
Cash flows from financing activities    
Net repayments of revolving credit facility (3,800) (9,023)
Net short-term secured borrowings (repayments) 1,256 (1,986)
Repurchases of common stock 0 (8,048)
Proceeds from exercise of stock options 63 7
Payments of Debt Issuance Costs (585) 0
Other financing activities (29) (67)
Net cash used in financing activities (3,095) (19,117)
Effect of exchange rate changes on cash and cash equivalents 29 594
(Decrease) increase in cash and cash equivalents (919) 12,912
Cash and cash equivalents, beginning of period 26,770 30,562
Cash and cash equivalents, end of period $ 25,851 $ 43,474