XML 19 R8.htm IDEA: XBRL DOCUMENT v3.10.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash flows from operating activities:    
Net loss $ (6) $ (9,138)
Adjustments to reconcile net loss to net cash (used in) provided by:    
Depreciation and amortization 21,134 22,422
Unamortized debt issuance costs on debt extinguishment 2,164 0
Deferred financing cost amortization 676 942
Deferred income taxes (561) (5,478)
Stock-based compensation 1,710 1,800
Gain on sale of property and equipment (2,527) (590)
Other gain from continuing operations (5,448) 0
Change in operating assets and liabilities:    
Accounts receivable 11,036 19,930
Income tax receivable (56) (2,203)
Inventory 763 74
Prepaid expenses and other 3,410 1,481
Costs and estimated earnings in excess of billings on uncompleted contracts (11,405) (6,859)
Accounts payable (14,266) 2,225
Accrued liabilities (1,925) (836)
Income tax payable (256) 2,364
Billings in excess of costs and estimated earnings on uncompleted contracts (9,395) 5,721
Other (287) 0
Net cash (used in) provided by operating activities (5,239) 31,855
Cash flows from investing activities:    
Proceeds from sale of property and equipment 2,320 6,361
Purchase of property and equipment (15,043) (7,234)
Contributions to CSV life insurance (424) (430)
Acquisition of TBC 0 (6,000)
TBC acquisition adjustment 0 (557)
Proceeds from return of investment 94 0
Insurance claim proceeds related to property and equipment 1,346 0
Net cash used in investing activities (11,707) (7,860)
Cash flows from financing activities:    
Borrowings from Credit Facility 29,861 52,000
Payments made on borrowings from Credit Facility (21,361) (74,438)
Loan costs from Credit Facility (861) (210)
Exercise of stock options 2,815 1,007
Net cash provided by (used in) financing activities 10,454 (21,641)
Net change in cash and cash equivalents (6,492) 2,354
Cash and cash equivalents at beginning of period 9,086 305
Cash and cash equivalents at end of period 2,594 2,659
Supplemental disclosures of cash flow information, cash paid during the period for:    
Interest 2,994 3,232
Taxes, net of refunds $ 472 $ 1,067