XML 17 R5.htm IDEA: XBRL DOCUMENT v3.4.0.3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Operating activities    
Net income $ 11,609 $ 745
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 1,886 383
Amortization of intangible assets 579 105
Provision for bad debt 129 37
Stock-based compensation 223 144
Amortization of debt discount 76 0
Amortization of loan fees 19 0
Loss (gain) on sale of assets 10 (17)
Amortization of premiums on investments 12 36
Deferred income taxes (11,805) 0
Changes in operating assets and liabilities, net of effect of acquisitions:    
Accounts receivable 3 (665)
Inventories (63) (13)
Other assets (322) (6)
Accounts payable (871) 670
Accrued compensation (636) (755)
Deferred revenue 393 (163)
Other liabilities (506) (379)
Net cash provided by operating activities 736 122
Investing activities    
Purchases of property and equipment (1,016) (211)
Net proceeds from sale of assets 0 17
Maturities of securities available-for-sale 706 865
Cash paid for acquisitions, net of cash acquired (26,082) 3
Net cash (used in) provided by investing activities (26,392) 674
Financing activities    
Proceeds from long-term borrowings 33,257 0
Repayment of long-term debt (11,043) 0
Change in restricted cash (3,536) 0
Loan issuance costs (504) 0
Dividends paid (972) (931)
Issuances of common stock 97 48
Taxes paid related to net share settlement of equity awards (97) 0
Cash paid for contingent consideration for acquisitions (19) 0
Repayment of obligations under capital leases (193) (88)
Net cash provided by (used in) financing activities 16,990 (971)
Net decrease in cash and cash equivalents (8,666) (175)
Cash and cash equivalents at beginning of period 15,868 14,051
Cash and cash equivalents at end of period 7,202 13,876
Non-Cash Investing Activities    
Assets acquired by entering into capital leases 155 122
Issuance of common stock for acquisition $ 0 $ 2,684