| Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | |||||||||
Net income | |||||||||
17,503 | 13,681 | 12,160 | 11,623 | 12,243 | 19,145 | 7,635 | -1,981 | 6,028 | 3,602 |
Depreciation and amortization | |||||||||
8,642 | 6,663 | 6,647 | 4,717 | 3,830 | 2,160 | 2,544 | 3,554 | 4,046 | 4,913 |
Non-cash restructuring | |||||||||
- | 383 | 2,550 | - | - | - | - | - | - | - |
Deferred income taxes | |||||||||
-43 | 1,754 | -1,328 | 838 | 2,221 | 4,701 | 839 | -4,663 | 447 | -735 |
Change in fair value of financial instrument | |||||||||
- | - | - | - | - | - | - | - | 191 | 586 |
Stock-based compensation | |||||||||
4,109 | 2,552 | 1,072 | 1,573 | 827 | 515 | 341 | 331 | 255 | 297 |
Contingent purchase price deemed interest expense | |||||||||
- | - | - | - | - | - | - | - | - | 1,802 |
Write-off of debt issuance costs | |||||||||
- | - | - | - | - | - | - | - | - | 794 |
Amortization of debt issuance costs under the terminated credit facility | |||||||||
- | 1,484 | 357 | 97 | 154 | 166 | 215 | 224 | 179 | 590 |
Amortization of debt issuance costs under the credit facility | |||||||||
606 | 382 | - | - | - | - | - | - | - | - |
Provision for doubtful accounts | |||||||||
272 | 8,409 | 7,373 | 4,309 | 2,818 | 3,019 | 2,877 | 4,275 | 4,429 | 4,514 |
Contingent consideration | |||||||||
-847 | - | - | - | - | - | - | - | - | - |
Goodwill and intangible assets impairment charge | |||||||||
- | - | - | - | - | - | - | 15,989 | - | - |
Revaluation of contingent consideration | |||||||||
- | - | - | 130 | - | - | - | 469 | - | - |
(Loss) gain on sale of assets | |||||||||
-38 | 2,467 | 0 | - | - | - | - | - | - | - |
Gain on sale of Home Health Business | |||||||||
- | - | - | - | - | 15,284 | - | - | - | - |
Gain on sale of agency | |||||||||
- | - | - | - | - | - | 495 | -43 | - | - |
Changes in operating assets and liabilities, net of acquisitions: | |||||||||
Accounts receivable | |||||||||
2,169 | -19,412 | 33,601 | 19,512 | 9,276 | -7,818 | 1,812 | 5,689 | 4,892 | 25,768 |
Prepaid expenses and other current assets | |||||||||
-1,964 | 2,364 | 282 | -2,318 | 873 | -1,061 | 18 | -1,433 | 767 | 1,790 |
Other Assets | |||||||||
- | - | - | - | - | - | - | 0 | - | - |
Accounts payable | |||||||||
4,235 | 1,103 | -776 | 570 | -850 | 435 | -1,149 | 1,962 | -459 | -116 |
Accrued expenses and other long-term liabilities | |||||||||
-1,107 | 1,779 | 5,085 | -2,557 | -4,066 | 3,657 | 4,428 | 934 | 1,676 | 3,544 |
Deferred revenue | |||||||||
- | - | - | - | - | - | - | 4 | -48 | 14 |
Net cash provided by operating activities | |||||||||
33,203 | 52,771 | -743 | 4,106 | 7,028 | 27,393 | 15,405 | 15,947 | 10,703 | -8,925 |
Cash flows from investing activities: | |||||||||
Proceeds from the sale of assets | |||||||||
- | 3,702 | - | - | - | - | - | - | - | - |
Acquisitions of businesses, net of cash acquired | |||||||||
62,440 | 24,354 | 20,026 | 8,365 | 7,172 | 12,325 | - | 500 | 5,588 | 14,177 |
Proceeds from the sale of adult day services centers | |||||||||
- | - | - | - | - | 16,105 | - | - | - | - |
Acquisition of customer list | |||||||||
- | - | - | 146 | 50 | - | - | - | - | - |
Net proceeds from sale of agency | |||||||||
- | - | - | - | - | - | 495 | - | - | - |
Purchases of property and equipment | |||||||||
5,349 | 3,616 | 1,712 | 2,213 | 5,274 | 887 | 1,114 | 551 | 612 | 671 |
Net cash used in investing activities | |||||||||
-67,789 | -24,268 | -21,738 | -10,724 | -12,496 | 2,893 | -619 | -1,051 | -6,200 | -14,848 |
Cash flows from financing activities: | |||||||||
Proceeds from issuance of common stock, net of offering costs | |||||||||
76,618 | - | - | - | - | - | - | - | - | 47,480 |
Borrowings on revolver — credit facility | |||||||||
20,000 | 30,000 | - | - | - | - | - | - | - | - |
Borrowings on revolver- terminated credit facility | |||||||||
- | 20,000 | 27,000 | - | - | - | - | - | - | - |
Borrowings on term loan — credit facility | |||||||||
60,420 | 45,000 | - | - | - | - | - | - | - | - |
Borrowings on term loan- terminated credit facility | |||||||||
- | - | 25,000 | - | - | - | - | - | - | - |
Net repayments on term loan | |||||||||
- | - | - | - | - | -208 | -2,500 | -2,292 | - | - |
Payments on revolver- credit facility | |||||||||
- | 30,000 | - | - | - | 16,250 | 8,500 | - | - | - |
Payments on revolver- terminated credit facility | |||||||||
- | 20,000 | 27,000 | - | - | - | - | - | - | - |
Payments on term loan — credit facility | |||||||||
104,858 | 563 | - | - | - | - | - | - | - | - |
Net (repayments) borrowings on revolving credit loans | |||||||||
- | - | - | - | - | - | - | - | - | -7,694 |
Payments on term loan- terminated credit facility | |||||||||
- | 24,063 | 938 | - | - | - | - | - | - | - |
Borrowings on capital lease obligations | |||||||||
- | - | - | - | 2,896 | - | - | - | - | - |
Payments for debt issuance costs under the credit facility | |||||||||
923 | 2,862 | 503 | 1,165 | 290 | - | - | 34 | 151 | 756 |
Payments on financing lease obligations | |||||||||
1,013 | 1,432 | 1,175 | 1,050 | 370 | - | - | - | - | - |
Cash received from exercise of stock options | |||||||||
994 | 1,158 | 3,016 | 305 | 214 | - | - | - | - | - |
Payments on preferred stock dividends | |||||||||
- | - | - | - | - | - | - | - | - | 1,673 |
Payments on subordinated dividend notes | |||||||||
- | - | - | - | - | - | 4,069 | 2,500 | 1,250 | 5,117 |
Excess tax benefit from exercise of stock options | |||||||||
- | - | 1,090 | 269 | 816 | - | - | - | - | - |
Payment on contingent earn-out obligation | |||||||||
- | - | 100 | 1,000 | - | - | - | - | - | - |
Net payments on term loan | |||||||||
- | - | - | - | - | - | - | - | -5,000 | 53,368 |
Net payments on revolving credit loan | |||||||||
- | - | - | - | - | - | - | -8,500 | -5,250 | 38,500 |
Net borrowings (repayments) on other notes payable | |||||||||
- | - | - | - | - | - | - | -366 | -2,554 | 806 |
Net cash provided by financing activities | |||||||||
51,238 | 17,238 | 26,390 | -2,641 | 3,266 | -16,458 | -15,069 | -13,692 | -4,205 | 18,178 |
Net change in cash | |||||||||
16,652 | 45,741 | 3,909 | -9,259 | -2,202 | 13,828 | -283 | 1,204 | 298 | -5,595 |
Supplemental disclosures of cash flow information: | |||||||||
Cash paid for interest | |||||||||
4,339 | 2,261 | 2,322 | 786 | 698 | 725 | 1,557 | 2,337 | 3,555 | 5,872 |
Cash paid for income taxes | |||||||||
4,314 | 6,838 | 5,087 | 911 | 4,465 | 5,689 | 1,758 | 2,005 | 1,457 | 2,405 |
Supplemental disclosures of non-cash investing and financing activities: | |||||||||
Contingent and deferred consideration accrued for acquisition | |||||||||
- | - | - | - | 1,020 | 1,100 | - | - | 1,615 | 709 |
Property and equipment acquired through capital lease obligations | |||||||||
- | - | 618 | 378 | 1,137 | - | - | - | - | - |
Undeclared accrued preferred stock dividends | |||||||||
- | - | - | - | - | - | - | - | - | 5,387 |
Tax benefit related to the amortization of tax goodwill in excess of book basis | |||||||||
- | 206 | 203 | 123 | 123 | 160 | 159 | 159 | 160 | 425 |
Conversion of accrued preferred dividends into subordinated dividend notes | |||||||||
- | - | - | - | - | - | - | - | - | 12,936 |