XML 22 R8.htm IDEA: XBRL DOCUMENT v3.19.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
OPERATING ACTIVITIES:    
Net income (loss) $ 25,414 $ (10,295)
Loss from discontinued operations, net of income taxes (6,631) (4,469)
Income (loss) from continuing operations 32,045 (5,826)
Adjustments to reconcile net income (loss) to net cash flows provided by operating activities:    
Depreciation and amortization 18,001 26,838
Deferred income taxes 11,179 (4,434)
(Gain) loss on sale of assets 360 (1,256)
Other non-cash restructuring items   2,015
Amortization of deferred financing fees 1,941 1,769
Unrealized foreign currency gain   (201)
Share-based compensation expense 3,619 1,986
Changes in assets and liabilities:    
Accounts receivable 14,012 (11,343)
Contract revenues in excess of billings (13,207) 23,983
Inventories (1,300) 1,083
Prepaid expenses and other current assets 870 11,604
Accounts payable and accrued expenses 10,044 (10,946)
Billings in excess of contract revenues 32,817 (3,091)
Other noncurrent assets and liabilities 1,404 (4,743)
Net cash flows provided by operating activities from continuing operations 111,785 27,438
Net cash flows used in operating activities of discontinued operations (5,814) (2,162)
Cash provided by operating activities 105,971 25,276
INVESTING ACTIVITIES:    
Purchases of property and equipment (24,316) (11,754)
Proceeds from dispositions of property and equipment 5,516 9,930
Net cash flows used in investing activities of continuing operations (18,800) (1,824)
Net cash flows provided by investing activities of discontinued operations 17,198 13
Cash used in investing activities (1,602) (1,811)
FINANCING ACTIVITIES:    
Deferred financing fees (2,388)  
Repayments of debt   (297)
Taxes paid on settlement of vested share awards (2,929) (1,060)
Exercise of options and purchases from employee stock plans 3,756 443
Borrowings under revolving loans   18,000
Repayments of revolving loans (11,500) (42,118)
Net cash flows used in financing activities of continuing operations (13,061) (25,032)
Net cash flows used in financing activities of discontinued operations (191) (773)
Cash used in financing activities (13,252) (25,805)
Effect of foreign currency exchange rates on cash and cash equivalents   26
Net increase (decrease) in cash, cash equivalents and restricted cash 91,117 (2,314)
Cash, cash equivalents and restricted cash at beginning of period 34,458 17,352
Cash, cash equivalents and restricted cash at end of period 125,575 15,038
Cash and cash equivalents 125,575 13,538
Restricted cash included in other long-term assets   1,500
Cash, cash equivalents and restricted cash at end of period 125,575 15,038
Supplemental Cash Flow Information    
Cash paid for interest 12,963 16,245
Cash paid for income taxes 168 243
Non-cash Investing and Financing Activities    
Property and equipment purchased but not yet paid $ 7,760 5,220
Repayments of debt with proceeds from sale-leaseback transactions   $ 13,034