XML 20 R6.htm IDEA: XBRL DOCUMENT v3.10.0.1
Condensed Consolidated Statements of Cash Flows
$ in Thousands
9 Months Ended
Sep. 30, 2018
USD ($)
Sep. 30, 2017
USD ($)
Cash flows from operating activities:    
Net loss $ (20,387) $ (53,710)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Change in allowance for doubtful accounts 2,995 241
Change in the fair value of acquisition-related contingent consideration (5,494) (1,276)
Amortization and write-off of deferred financing fees 582 2,912
Depreciation and amortization 36,146 34,463
Impairment loss - satellite network   31,224
Stock-based compensation 5,747 4,314
Foreign exchange loss 64 366
Deferred income taxes (1,847) 758
Changes in operating assets and liabilities, net of acquisitions:    
Accounts receivable (14,490) (18,010)
Inventories 5,554 (11,893)
Prepaid expenses and other assets 601 (4,156)
Accounts payable and accrued liabilities (11,493) 8,929
Deferred revenue 1,687 (1,106)
Other liabilities (595) (262)
Net cash used in operating activities (930) (7,206)
Cash flows from investing activities:    
Acquisition of business, net of cash acquired   (34,236)
Capital expenditures (17,163) (21,410)
Other 650 (650)
Net cash used in investing activities (16,513) (56,296)
Cash flows from financing activities:    
Proceeds from public offering of common stock, net of underwriters’ discounts and commissions and offering costs of $1,705 27,967  
Proceeds from private offering of common stock   15,000
Payment of long-term debt   (150,000)
Proceeds from issuance of long-term debt   250,000
Payments under revolving credit facility (14,000)  
Proceeds under revolving credit facility 14,000  
Cash paid for debt issuance costs   (5,359)
Proceeds from issuance of common stock under employee stock purchase plan 668 529
Payment of deferred purchase consideration   (347)
Net cash provided by financing activities 28,635 109,823
Effect of exchange rate changes on cash and cash equivalents (128) 568
Net increase in cash and cash equivalents, including restricted cash held for acquisition of $34,500 at September 30, 2017 11,064 46,889
Beginning of period 34,830 25,023
End of period 45,894 71,912
Cash paid for:    
Interest 10,036 3,411
Income taxes 3,221 508
Noncash investing and financing activities:    
Capital expenditures incurred not yet paid 332 725
Stock-based compensation related to capital expenditures 410 357
Series A convertible preferred stock dividend paid in-kind 11 12
Common stock issued as form of payment for MPUs $ 827  
Common stock issued in connection with the acquisition of businesses   764
Common stock issued as payment for contingent consideration   347
Acquisition-related contingent consideration   $ 9,835