XML 59 R7.htm IDEA: XBRL DOCUMENT v3.19.3
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Dec. 31, 2018
Dec. 31, 2017
OPERATING ACTIVITIES:    
Net loss $ (16,977) $ (6,365)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:    
Non-cash stock based compensation 972 984
Gain on disposal of property and equipment (29) (80)
Non-cash interest and amortization of debt discount 45 94
Bad debt expense 1,308 382
Provision for inventory reserve 1,211 1,091
Depreciation and amortization 4,257 3,278
Excess tax benefits 0 67
Deferred income taxes 9 (159)
Changes in operating assets and liabilities:    
Accounts receivable 4,312 (5,332)
Finance receivables, net 348 7,332
Inventory, net 284 (7,615)
Prepaid expenses and other assets (1,588) (2)
Accounts payable and accrued expenses (11,095) 7,704
Deferred revenue (201) 570
Income taxes payable 25 (40)
Net cash (used in) provided by operating activities (17,119) 1,909
INVESTING ACTIVITIES:    
Purchase of property and equipment, including rentals (1,795) (1,734)
Proceeds from sale of property and equipment, including rentals 82 157
Cash paid for acquisitions, net of cash acquired 0 (65,181)
Proceeds from collateralized borrowing from the transfer of finance receivables (1,713) (66,758)
FINANCING ACTIVITIES:    
Proceeds from collateralized borrowing from the transfer of finance receivables 0 1,075
Proceeds from exercise of common stock options 42 0
Payment of debt issuance costs (53) (445)
Proceeds from issuance of long-term debt 0 25,100
Proceeds from revolving credit facility 0 10,000
Issuance of common stock in public offering, net 0 39,888
Repayment of line of credit 0 (7,111)
Repayment of capital lease obligations and long-term debt (1,928) (1,043)
Net cash (used in) provided by financing activities (1,939) 67,464
Net increase in cash and cash equivalents (20,771) 2,615
Cash and cash equivalents at beginning of year 83,964 12,745
Cash and cash equivalents at end of period 63,193 15,360
Supplemental disclosures of cash flow information:    
Interest paid in cash 1,503 998
Income taxes paid in cash 12 3
Supplemental disclosures of noncash financing and investing activities:    
Equity issued in connection with Cantaloupe Acquisition, net of post-working capital adjustment for retired shares 0 23,279
Equipment and software acquired under capital lease $ 0 $ 227