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Consolidated Statements of Cash Flows
$ in Thousands
12 Months Ended
Dec. 31, 2016
USD ($)
Dec. 31, 2015
USD ($)
Dec. 31, 2014
USD ($)
Cash flows from operating activities:      
Net income $ 20,247 $ 18,789 $ 27,098
Adjustments to reconcile net income to net cash provided by operating activities:      
Loss (gain) on change in fair value of contingent consideration, net 136 371 (1,392)
Depreciation and amortization 6,462 7,865 9,758
Non-cash compensation expense 6,015 6,059 4,823
Deferred income taxes (1,761) (1,096) (113)
Changes in other operating items, net of acquired amounts:      
Accounts and other receivables (17,965) 6,497 (6,024)
Costs and estimated earnings in excess of billings on uncompleted contracts 4,234 (16,942) (8,291)
Prepaid expenses and other current assets (2,490) 5,111 (1,967)
Accounts payable and accrued expenses 3,732 3,856 8,794
Billings in excess of costs and estimated earnings on uncompleted contracts 383 (4,663) 1,416
Income tax benefit from stock-based compensation (137) (835) (2,506)
Contingent consideration payments in excess of fair value on acquisition date (539) (325) (1,043)
Other (240) 867 445
Net cash provided by operating activities 18,077 25,554 30,998
Cash flows from investing activities:      
Additions to property, plant and equipment (1,402) (2,357) (2,757)
Acquisitions, net of cash acquired (6,801) 0 (8,670)
Payments to Acquire Interest in Joint Venture (1,600) 0 0
Payments to Develop Software (933) 0 0
Other investing activities 14 186 246
Net cash used in investing activities (10,722) (2,171) (11,181)
Cash flows from financing activities:      
Proceeds from (repayment of) short-term borrowings (16,127) 13,285 20,392
Proceeds from long-term debt 40,000 0 40,000
Repayment of long-term debt (24,444) (13,333) (2,223)
Contingent consideration payments (2,244) (2,284) (977)
Change in negative cash book balance 1,366 (1,143) (440)
Repurchases of common stock (8,747) (11,559) (66,640)
Income tax benefit from stock-based compensation 137 835 2,506
Tax withholding payments for employee stock-based compensation in exchange for shares surrendered (771) (1,451) (3,407)
Proceeds from issuance of common stock 145 148 102
Other financing activities (97) (10) (5)
Net cash used in financing activities (10,782) (15,512) (10,692)
Effect of exchange rate changes on cash (1,257) (1,382) (231)
Net change in cash (4,684) 6,489 8,894
Cash at beginning of year 21,030 14,541 5,647
Cash at end of year 16,346 21,030 14,541
Cash paid during the year for:      
Interest 1,523 1,383 583
Income taxes 10,604 8,273 17,439
Non-cash financing activities:      
Accrued share repurchases 0 788 0
Accrued contingent consideration $ 5,166 $ 0 $ 5,345