XML 16 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 $ 11,648 $ 8,384
Adjustments to reconcile net income to net cash provided by operating activities:    
Loss from discontinued operations, net of tax 0 3,348
Depreciation and amortization 18,253 11,800
Deferred income tax 942 1,341
Amortization of debt issuance costs 616 530
Non-cash interest expense 2,064 1,859
Loss (gain) on disposal of property and equipment 61 (19)
Change in fair value of contingent consideration 131 125
Share-based compensation 3,246 2,288
Excess tax benefits from stock-based compensation arrangements (1,808) (1,121)
Changes in assets and liabilities, net of business acquisitions:    
Accounts receivable (18,440) 554
Inventories (8,104) (4,864)
Prepaid expenses and other current assets 2,016 4,829
Other non-current assets (601) (568)
Accounts payable, accrued expenses and other current liabilities 8,006 (4,347)
Deferred revenue 1,527 (769)
Other non-current liabilities (386) 1,521
Net cash provided by operating activities of continuing operations 19,171 24,891
Net cash provided by operating activities of discontinued operations 0 6,728
Net cash provided by operating activities 19,171 31,619
INVESTING ACTIVITIES:    
Purchases of property and equipment (10,895) (5,330)
Sale of property and equipment 0 1,438
Cash received from business acquisition purchase price adjustment 0 1,831
Change in restricted cash 4,165 0
Net cash used in investing activities of continuing operations (6,730) (2,061)
Net cash used in investing activities of discontinued operations 0 (3,571)
Net cash used in investing activities (6,730) (5,632)
FINANCING ACTIVITIES:    
Borrowings under senior credit facility 15,000 0
Repayments under senior credit facility (1,875) (15,000)
Principal payments under capital lease obligations (160) (178)
Proceeds from exercised stock options 1,038 231
Excess tax benefits from stock-based compensation arrangements 1,808 1,121
Net cash provided by (used in) financing activities 15,811 (13,826)
Effect of exchange rate changes on cash and cash equivalents 702 (4,284)
Net increase in cash and cash equivalents 28,954 7,877
Cash and cash equivalents at beginning of period 48,132 71,994
Cash and cash equivalents at end of period $ 77,086 $ 79,871