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COMBINED STATEMENTS OF CASH FLOWS - Vencore Holding Corp. and KGS Holding Corp. - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 30, 2018
Mar. 31, 2017
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Operating activities          
Net income $ 9,787 $ 4,156 $ 26,448 $ 19,715 $ 23,014
Adjustments to reconcile net income to net cash provided by (used for) operating activities:          
Depreciation and amortization 6,711 7,855 30,708 35,457 36,352
Amortization of debt discount and debt issuance costs 2,212 2,632 9,361 9,007 7,131
Amortization of deferred contract costs 1,194 1,286 5,143 6,493 2,854
Gain on contingent consideration 0 0 0 0 (7,897)
Loss on debt extinguishment 0 0 4,259 7,159 0
Share‑based compensation expense (income) 277 169 3,617 (219) 4,018
Deferred income taxes 491 2,456 (15,683) 20,903 10,393
Remeasurement of lease abandonment (69) 0 (834) (1,598) 0
(Gain) losses on dispositions of property and equipment 0 0 109 431 (796)
Gain on investment 0 (2,951) (2,951) 0 0
Loss from equity‑method investment 320 106 1,263 0 0
Changes in operating assets and liabilities, net of the effect of acquisitions          
Accounts receivable, net (1,531) 1,837 (13,800) 5,027 32,502
Prepaid expenses and other current assets (2,484) (1,591) 5,999 (5,036) 2,688
Deferred costs (1,343) (3,233) (2,537) 922 (9,870)
Other long‑term assets (1,694) (605) 12,706 1,370 (1,541)
Accounts payable and accrued expenses 3,771 2,818 16,124 8,985 (12,862)
Accrued compensation and benefits (19,713) (21,981) (838) 13,577 (4,219)
Other current liabilities 3,143 2,208 4,526 (2,179) (5,979)
Post‑retirement pension plans (2,207) (2,265) (9,365) (9,314) (2,285)
Other long term liabilities 86 480 (12,534) (13,156) (4,097)
Payment of contingent consideration, in excess of acquisition date fair value 0 0 0 0 (4,968)
Other, net 3 32 72 68 840
Net cash provided by (used for) operating activities (1,046) (6,591) 61,793 97,612 65,278
Investing activities          
Expenditures for property, equipment and capitalized software (2,998) (1,926) (9,410) (11,210) (15,915)
Proceeds from property and equipment disposal 0 0 0 37 6,155
Investment in deferred compensation plans (58) 0 (61) (861) (735)
Investment in company owned life insurance (500) (464) (1,906) (2,924) (2,521)
Proceeds from sale of investment in company owned life insurance plan 0 3,800 3,800 0 3,842
Change in restricted cash 0 0 0 0 0
Investments in affiliate/JV 0 0 (500) 0 0
Net cash provided by (used for) investing activities (3,556) 1,410 (8,077) (14,958) (9,174)
Financing activities          
Liquidating dividend 0 0 (102,654) (183,000) 0
Proceeds from issuance of long‑term debt 0 0 215,000 311,100 9,616
Repayments of delayed draw 0 0 0 0 (25,000)
Payments of long‑term debt (4,136) (5,838) (127,413) (202,250) (27,572)
Payment of debt issuance costs 0 0 (4,750) (16,615) 0
Debt extinguishment cost 0 0 (3,937) (1,750) 0
Payments on capital lease (254) (207) (880) (465) (56)
Cash paid to revolving credit facility 0 0 0 0 (462)
Payment of contingent consideration 0 0 0 0 (4,648)
Net cash used for financing activities (4,390) (6,045) (24,634) (92,980) (48,122)
Net increase (decrease) in cash, included restricted (8,992) (11,226) 29,082 (10,326) 7,982
Cash, including restricted, at beginning of period 95,342 66,260 66,260 76,586 68,604
Cash, including restricted, at end of period 86,350 55,034 95,342 66,260 76,586
Less restricted cash included in prepaid and other current assets at end of period 130 210 210 210 370
Cash at end of period 86,220 54,824 95,132 66,050 76,216
Supplemental disclosure of cash flow information          
Equipment acquired under capital leases 0 132 2,061 1,481 151
Purchases of property & equipment in accounts payable & accrued expenses 0 0 657 117 779
Cash paid for interest (19,141) (16,475) (70,252) (67,020) (67,518)
Cash (paid for) received for taxes $ (49) $ (20) $ 3,025 $ (11,398) $ (3,662)