XML 102 R7.htm IDEA: XBRL DOCUMENT v3.20.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended 12 Months Ended
Sep. 30, 2019
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities:        
Net (loss) income $ (3,614) $ (10,075) $ (76,683) $ 15,869
Adjustments to reconcile net (loss) income to net cash provided by operating activities:        
Depreciation and amortization   12,328 12,988 13,390
Stock-based compensation expense   6,281 5,302 6,820
Deferred income taxes   (879) (4,604) 4,073
Change in fair value of contingent consideration liability   0 0 677
Goodwill impairment   0 46,319 0
Intangible and other asset impairments   0 18,121 0
Bad debt provision   1,068 3,601 454
Contract implementation cost amortization   300 433 0
Change in fair value of warrant   2,233 0 0
Change in fair value of embedded derivative   (176) 0 0
Unrealized foreign exchange loss   834 0 0
Other operating activities, net   1,150 255 210
Changes in assets and liabilities:        
Accounts receivable and unbilled revenue (21,488) (12,254) 4,470 (41,871)
Inventories (8,913) 20,980 (16,039) (4,245)
Prepaid expenses and other assets (28,985) (6,529) 2,120 (13,882)
Accounts payable 12,078 (15,634) 21,585 18,096
Accrued expenses and other liabilities 23,868 22,843 5,190 12,107
Net cash provided by operating activities (9,655) 22,470 23,058 11,698
Cash flows from investing activities:        
Purchases of property and equipment (10,135) (13,378) (11,263) (12,483)
Payments for acquisitions, net of cash acquired   (721) 0 0
Proceeds from sale of property and equipment   0 122 0
Net cash used in investing activities (10,525) (14,099) (11,141) (12,483)
Cash flows from financing activities:        
Repayments of net short-term secured borrowings   (833) (1,525)  
Proceeds from net short-term secured borrowings       20,709
Repurchases of common stock   0 (25,689) (10,885)
Payments of contingent consideration   0 0 (10,989)
Payment of debt issuance costs   (5,488) (545) 0
Proceeds from exercise of stock options   63 545 2,663
Other financing activities, net   (245) (1,061) (1,156)
Net cash provided by (used in) financing activities   8,977 (13,736) (525)
Effect of exchange rate changes on cash and cash equivalents   (1,407) (1,973) 948
Increase (decrease) in cash and cash equivalents   15,941 (3,792) (362)
Cash and cash equivalents, beginning of period $ 26,770 26,770 30,562 30,924
Cash and cash equivalents, end of period   42,711 26,770 30,562
Supplemental disclosure of cash flow information:        
Interest paid   14,355 7,149 4,072
Income taxes paid   3,040 5,810 9,838
Supplemental non-cash investing and financing activities:        
Buildings - Build to Suit Leases   0 48,428 0
Repurchases of common stock   0 0 91
Shares issued as payment of contingent consideration   0 0 4,678
Revolving Credit Facility | Credit Agreement        
Cash flows from financing activities:        
Repayments of lines of credit   (142,583)   (867)
Proceeds from lines of credit     14,539  
Revolving Credit Facility | ABL Credit Agreement        
Adjustments to reconcile net (loss) income to net cash provided by operating activities:        
Change in fair value of embedded derivative   102    
Cash flows from financing activities:        
Proceeds from lines of credit   60,563 0 0
Term Loan Facility | Term Loan Credit Agreement        
Adjustments to reconcile net (loss) income to net cash provided by operating activities:        
Change in fair value of embedded derivative   74    
Cash flows from financing activities:        
Repayments of lines of credit   (2,500) 0 0
Proceeds from lines of credit   $ 100,000 $ 0 $ 0