XML 46 R6.htm IDEA: XBRL DOCUMENT v3.2.0.727
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash flows from operating activities:    
Net (loss) income $ (14,960) $ 1,040
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Change in allowance for doubtful accounts 246 221
Change in the fair value of acquisition-related contingent consideration (732) (586)
Amortization of the fair value adjustment related to warranty liabilities acquired through acquisitions (12) (24)
Amortization of deferred financing fees 220  
Depreciation and amortization 13,095 3,989
Impairment loss - satellite network 12,748  
Stock-based compensation 2,235 1,775
Foreign exchange gains (273) (78)
Increase in fair value of indemnification assets   (126)
Loss on settlement agreement in connection with the indemnification assets   97
Deferred income taxes (271) 297
Changes in operating assets and liabilities, net of acquisition:    
Accounts receivable 7,772 (2,249)
Inventories (4,525) (1,053)
Prepaid expenses and other assets (1,061) (591)
Accounts payable and accrued liabilities (8,255) 148
Deferred revenue 806 567
Other liabilities 302 89
Net cash provided by operating activities 7,335 3,516
Cash flows from investing activities, net of acquisition:    
Acquisition of businesses, net of cash acquired (133,408) (28,883)
Capital expenditures (22,818) (31,677)
Cash released from escrow for acquisition 123,000  
Proceeds received from settlement agreement in connection with the indemnification assets   691
Proceeds from warranty claim on acquired inventory   167
Net cash used in investing activities (33,226) (59,702)
Cash flows from financing activities    
Proceeds received from issuance of common stock in connection with public offering, net of underwriters' discounts and commissions and offering costs   36,607
Proceeds received from issuance of long-term debt 10,000  
Cash paid for debt issuance costs (842)  
Proceeds received from exercise of stock options 244 62
Payment of deferred purchase consideration   (25)
Principal payment of revolving credit facility (10,000)  
Principal payments of capital leases (48) (90)
Net cash (used in) provided by financing activities (646) 36,554
Effect of exchange rate changes on cash and cash equivalents (300) (45)
Net decrease in cash and cash equivalents (26,837) (19,677)
Beginning of period 91,565 68,354
End of period 64,728 48,677
Cash paid for    
Interest 4,508 2,138
Income taxes 384 70
Noncash investing and financing activities:    
Capital expenditures incurred not yet paid 976 3,433
Stock-based compensation included in capital expenditures 78 127
Series A convertible preferred stock dividend paid in-kind 18 19
Issuance of common stock as consideration for acquisition of Euroscan   2,243
Common stock issued as form of payment for MPUs 358 213
Acquisition-related contingent consideration $ 542 $ 4,809