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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Cash used in operating activities      
Net (loss) income and comprehensive (loss) income $ (24,871) $ 45,698 $ (30,416)
Adjustments to reconcile net (loss) income to net cash used in operating activities      
Depreciation 964 1,254 1,433
Stock-based compensation and restricted stock based compensation 599 5,751 2,973
Unrealized foreign exchange losses 254 166 131
Deferred income taxes 730 1,779 3,661
Impairment of long-lived assets 64 1,056  
Recovery on assets held for sale (153)    
Gain on sale of discontinued operations (Note 12) (1,053) [1] (101,412) [2]  
Gain on sale of long-lived assets (221) (45) (269)
Fair value change in contingent consideration (Notes 10, 13) 1,273    
Changes in non-cash operating assets and liabilities      
Accounts receivable 2,306 6,777 1,029
Inventories   361 2,118
Prepaid and other assets (421) 888 2,139
Accounts payable (2,916) 310 236
Income taxes receivable / payable 478 (265) (937)
Accrued liabilities (1,047) (5,852) 1,324
Accrued restructuring (1,803) 1,954  
Cash used in operating activities (25,817) (41,580) (16,578)
Cash provided by investing activities      
Net proceeds from sale of long-lived assets 102 767 19
Net proceeds from sale of discontinued operations (Note 12) 8,486 101,461  
Purchase of property, plant and equipment (223) (892) (3,317)
Proceeds from mortgage receivable   5,874 2,004
Proceeds from contingent consideration (Notes 10, 13) 34,599 28,845 30,641
Other 66    
Cash provided by investing activities 43,030 136,055 29,347
Cash (used in) provided by financing activities      
Common shares repurchased, including fees (14,079) (13,096) (18,839)
Cash distribution paid to common shareholders (Note 8 (b)) (200,000)    
Issuance of common shares 8,317 20,417 2,182
Cash used in financing activities (205,762) 7,321 (16,657)
Effect of exchange rate changes on cash and cash equivalents (314) (9) 7
Net (decrease) increase in cash and cash equivalents (188,863) 101,787 (3,881)
Cash and cash equivalents, beginning of year 307,384 205,597 209,478
Cash and cash equivalents, end of year 118,521 307,384 205,597
Supplementary cash flow information:      
Income taxes paid   $ 392 $ 994
[1] During the year ended December 3 1, 2013, the net gain on sale of discontinued operations of $1.1 million represents total proceeds of $1.2 million related to the sale of our PPDS Technology to Mati in April 2013; net of the $0.2 million carrying value of certain equipment sold, which was previously classified as held for sale, and a negligible amount of transaction fees.
[2] During the year ended December 31, 2012, the net gain of $101.4 million relates to the gain on the sale of our Visudyne business to Valeant in September 2012.