XML 22 R6.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Cash flows from operating activities:      
Net loss $ (14,379) $ (12,893) $ (11,824)
Less: Loss from discontinued operations 0 0 (3,650)
Loss from continuing operations (14,379) (12,893) (8,174)
Adjustments to reconcile net loss from continuing operations to net cash used in operating activities:      
Depreciation and amortization 9,223 4,759 4,205
Stock-based compensation expense 984 685 298
Non-cash interest expense 1,024 1,162 696
Deferred income tax expense 961 0 0
Bad debt expense 417 67 166
Other (275) (10) 2
Changes in operating assets and liabilities:      
Accounts receivable (7,549) (1,891) 1,164
Inventories (5,130) (1,202) 969
Prepaid expenses and other assets (1,438) (518) (782)
Accounts payable 6,520 1,539 198
Accrued expenses and other liabilities (1,137) 431 (714)
Net cash used in operating activities (10,779) (7,871) (1,972)
Cash flows from investing activities:      
Purchases of property and equipment (18,106) (4,938) (1,589)
Purchases of bottles, net of disposals (2,367) (1,480) (835)
Proceeds from the sale of property and equipment 25 0 22
Business acquisitions (3,576) (74,474) 0
Additions to and acquisitions of intangible assets (439) (75) (48)
Net cash used in investing activities (24,463) (80,967) (2,450)
Cash flows from financing activities:      
Net borrowings from (payments on) prior revolving line of credit 0 489 (6,580)
Borrowings under the senior revolving credit facility 36,126 0 0
Payments under the senior revolving credit facility (39,538) 0 0
Issuance of long-term debt 0 33,668 20,350
Long-term debt payments 0 (31,668) 0
Note payable and capital lease payments (15) (8) (5,353)
Debt issuance costs (813) (1,453) (636)
Net change in book overdraft 0 0 (147)
Proceeds from sale of common stock, net of issuance costs 39,444 104,194 0
Prepaid equity issuance costs 0 0 (105)
Stock option exercises and employee stock purchase plan activity 392 65 2
Redemption of preferred stock 0 (11,640) 0
Dividends paid 0 (4,370) (1,257)
Net cash provided by financing activities 35,596 89,277 6,274
Net increase in cash 354 439 1,852
Cash, beginning of year 443 0 516
Effect of exchange rate changes on cash (46) 4 0
Cash used in discontinued operations from:      
Operating activities 0 0 (1,514)
Investing activities 0 0 (41)
Financing activities 0 0 (813)
Cash used in discontinued operations 0 0 (2,368)
Cash, end of period $ 751 $ 443 $ 0