XML 20 R6.htm IDEA: XBRL DOCUMENT v3.19.2
Condensed Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities    
Net loss $ (3,631) $ (1,983)
Adjustments to reconcile net loss to net cash from operating activities:    
Depreciation and amortization 5,849 7,173
Stock-based compensation expense 2,141 2,823
Bad debt provision 689 630
Implementation cost amortization 213 263
Other operating activities 224 (154)
Change in assets:    
Accounts receivable and unbilled revenue (10,225) 21,643
Inventories 4,488 (87)
Prepaid expenses and other assets (4,318) 9,424
Change in liabilities:    
Accounts payable (17,670) (18,735)
Accrued expenses and other liabilities 23,529 1,643
Net cash (used in) provided by operating activities 1,289 22,640
Cash flows from investing activities    
Purchases of property and equipment (6,881) (5,490)
Net cash used in investing activities (6,881) (5,490)
Cash flows from financing activities    
Net borrowings from revolving credit facility 14,908 8,629
Net short-term secured repayments (833) (578)
Repurchases of common stock 0 (25,689)
Proceeds from exercise of stock options 63 284
Payments of Debt Issuance Costs (935) 0
Other financing activities (156) (695)
Net cash provided by (used in) financing activities 13,047 (18,049)
Effect of exchange rate changes on cash and cash equivalents (226) (1,397)
Increase (Decrease) in cash and cash equivalents 7,229 (2,296)
Cash and cash equivalents, beginning of period 26,770 30,562
Cash and cash equivalents, end of period $ 33,999 $ 28,266