XML 78 R5.htm IDEA: XBRL DOCUMENT v2.4.1.9
Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Cash flows from operating activities:    
Net loss $ (2,739)us-gaap_NetIncomeLoss $ (18,400)us-gaap_NetIncomeLoss
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 17,094us-gaap_DepreciationDepletionAndAmortization 15,585us-gaap_DepreciationDepletionAndAmortization
Amortization of debt costs 490us-gaap_AmortizationOfFinancingCosts 540us-gaap_AmortizationOfFinancingCosts
Amortization of exclusivity agreements 1,698ofix_AmortizationOfExclusivityAgreements 1,069ofix_AmortizationOfExclusivityAgreements
Provision for doubtful accounts 539us-gaap_ProvisionForDoubtfulAccounts 2,754us-gaap_ProvisionForDoubtfulAccounts
Deferred income taxes 75us-gaap_DeferredIncomeTaxExpenseBenefit (223)us-gaap_DeferredIncomeTaxExpenseBenefit
Share-based compensation 4,103us-gaap_ShareBasedCompensation 4,714us-gaap_ShareBasedCompensation
Impairment of goodwill   19,193us-gaap_GoodwillImpairmentLoss
Excess income tax benefit on employee stock-based compensation (202)us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities (82)us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
Other 1,581us-gaap_OtherNoncashIncomeExpense (1,165)us-gaap_OtherNoncashIncomeExpense
Change in operating assets and liabilities:    
Trade accounts receivable 6,118us-gaap_IncreaseDecreaseInAccountsReceivable 30,374us-gaap_IncreaseDecreaseInAccountsReceivable
Inventories 5,545us-gaap_IncreaseDecreaseInInventories (8,777)us-gaap_IncreaseDecreaseInInventories
Prepaid expenses and other current assets 5,002ofix_IncreaseDecreaseInPrepaidExpenseAndOtherCurrentAssets 6,405ofix_IncreaseDecreaseInPrepaidExpenseAndOtherCurrentAssets
Trade accounts payable (6,782)us-gaap_IncreaseDecreaseInAccountsPayable (8,028)us-gaap_IncreaseDecreaseInAccountsPayable
Other current liabilities 3,401us-gaap_IncreaseDecreaseInOtherCurrentLiabilities 9,485us-gaap_IncreaseDecreaseInOtherCurrentLiabilities
Long-term assets 66us-gaap_IncreaseDecreaseInOtherNoncurrentAssets (1,425)us-gaap_IncreaseDecreaseInOtherNoncurrentAssets
Long-term liabilities (23)us-gaap_IncreaseDecreaseInOtherNoncurrentLiabilities (116)us-gaap_IncreaseDecreaseInOtherNoncurrentLiabilities
Net cash provided by operating activities 35,966us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations 51,903us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
Cash flows from investing activities:    
Capital expenditures for property, plant and equipment (11,324)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (19,427)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Capital expenditures for intangible assets (170)us-gaap_PaymentsToAcquireIntangibleAssets (4,525)us-gaap_PaymentsToAcquireIntangibleAssets
Purchase of other investments (1,457)us-gaap_PaymentsToAcquireOtherInvestments (1,232)us-gaap_PaymentsToAcquireOtherInvestments
Sale of other investments 32us-gaap_ProceedsFromSaleOfOtherInvestments  
Net cash used in investing activities (12,919)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations (25,184)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
Cash flows from financing activities:    
Net proceeds from issuance of common shares 10,333us-gaap_ProceedsFromIssuanceOfCommonStock 3,431us-gaap_ProceedsFromIssuanceOfCommonStock
Repayment of bank borrowings, net   (16)us-gaap_ProceedsFromRepaymentsOfShortTermDebt
Repayment of long term debt, net (20,000)us-gaap_RepaymentsOfSecuredDebt  
Changes in restricted cash (11,023)us-gaap_ProceedsFromRepaymentsOfRestrictedCashFinancingActivities (1,371)us-gaap_ProceedsFromRepaymentsOfRestrictedCashFinancingActivities
Repurchase of treasury shares   (39,494)us-gaap_PaymentsForRepurchaseOfCommonStock
Excess income tax benefit on employee stock-based awards 202us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities 82us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
Net cash used in financing activities (20,488)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations (37,368)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
Effect of exchange rate changes on cash (1,658)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations 611us-gaap_EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
Net increase (decrease) in cash and cash equivalents 901us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (10,038)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents at the beginning of the period 28,924us-gaap_CashAndCashEquivalentsAtCarryingValue 30,767us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents at the end of the period $ 29,825us-gaap_CashAndCashEquivalentsAtCarryingValue $ 20,729us-gaap_CashAndCashEquivalentsAtCarryingValue