| Sep'19 | Sep'18 | Sep'17 | Sep'16 | Sep'15 | ||
|---|---|---|---|---|---|---|
Operating activities | ||||||
Net (loss) income | ||||||
-15,979 | -7,332 | 15,673 | 10,925 | 12,293 | ||
Adjustments to reconcile net (loss) income to cash (used for) provided by operating activities: | ||||||
Depreciation and amortization - cost of revenue | ||||||
- | - | 5,244 | 3,973 | 519 | ||
Depreciation and amortization - selling, general and administrative expense | ||||||
- | - | 11,367 | 9,287 | 6,651 | ||
Depreciation and amortization expense | ||||||
20,553 | 19,048 | - | - | - | ||
Amortization of deferred loan costs | ||||||
724 | 1,275 | 1,068 | 997 | 298 | ||
Provision for bad debts | ||||||
56 | 272 | 171 | 641 | 204 | ||
Other non-cash expense | ||||||
-205 | - | - | - | - | ||
Litigation loss | ||||||
- | -2,910 | - | - | - | ||
Impairment of intangible assets | ||||||
746 | - | - | - | - | ||
Stock-based compensation expense | ||||||
667 | 1,054 | 810 | 784 | 1,509 | ||
Noncash gain, net | ||||||
- | - | 290 | 127 | - | ||
Loss (gain) on disposal of assets and other gain, net | ||||||
216 | 277 | - | - | -528 | ||
Provision for obsolete inventory | ||||||
176 | 151 | 59 | 20 | 244 | ||
Deferred income taxes | ||||||
9,537 | 3,413 | -12,482 | -6,750 | -6,257 | ||
Changes in operating assets and liabilities: | ||||||
Accounts receivable, net | ||||||
-4,620 | 108 | 1,899 | 7,885 | 1,832 | ||
Inventories, net | ||||||
-703 | -3,075 | 562 | 1,688 | -74 | ||
Prepaid expenses and other current assets | ||||||
-8 | -724 | -1,427 | -1,421 | 1,239 | ||
Other assets | ||||||
-1,443 | -2,039 | -1,249 | 5,338 | -2,141 | ||
Accounts payable | ||||||
2,378 | -2,905 | 1,838 | 4,834 | -881 | ||
Accrued expenses | ||||||
1,317 | -797 | 1,451 | -303 | -197 | ||
Income tax payable | ||||||
163 | 9 | -438 | 450 | -1,073 | ||
Deferred revenue and customer deposits | ||||||
-2,249 | -4,313 | 81 | 5,099 | -1,814 | ||
Workers’ compensation reserve | ||||||
-153 | -255 | -113 | -136 | 110 | ||
Other current liabilities | ||||||
69 | -61 | -664 | 205 | -257 | ||
Other non-current liabilities | ||||||
-151 | -160 | 1,243 | -913 | - | ||
Other current liabilities and other liabilities | ||||||
- | - | - | - | 381 | ||
Cash (used for) provided by operating activities | ||||||
24,617 | 17,762 | 25,233 | - | - | ||
Investing activities | ||||||
Capital expenditures | ||||||
18,295 | 8,598 | 9,288 | 3,638 | 7,083 | ||
Proceeds from sales of assets | ||||||
318 | 544 | 152 | 1,043 | 60 | ||
Cash provided by operating activities | ||||||
- | - | - | 15,496 | 11,402 | ||
Acquisitions, net of cash acquired | ||||||
3,466 | 9,000 | 8,037 | 6,575 | 88,285 | ||
Cash used for investing activities | ||||||
-21,443 | -17,054 | -17,173 | - | - | ||
Financing activities | ||||||
Cash used for investing activities | ||||||
- | - | - | -9,170 | -95,308 | ||
Proceeds from debt | ||||||
- | - | - | 10,000 | 105,000 | ||
Payments on debt | ||||||
- | - | 10,951 | 11,063 | 23,026 | ||
Net proceeds (payments) on line of credit | ||||||
- | - | 5,500 | -21 | 21 | ||
Net proceeds from line of credit | ||||||
1,084 | 3,239 | - | - | - | ||
Proceeds from term loan | ||||||
5,000 | 7,500 | - | - | - | ||
Debt and common stock-issuance costs | ||||||
934 | 482 | 267 | 738 | - | ||
Proceeds from issuance of common stock | ||||||
7,011 | 1,500 | - | - | 1,710 | ||
Proceeds from stock option exercise | ||||||
- | 278 | 1,000 | - | 820 | ||
Payments on capital leases | ||||||
2,955 | 2,829 | 2,339 | 1,190 | 682 | ||
Payments on term loans | ||||||
9,851 | 13,544 | - | - | - | ||
Repurchases of common stock | ||||||
- | - | - | 2,063 | 1,155 | ||
Debt issuance costs | ||||||
- | - | - | - | 3,757 | ||
Payments on financed insurance premiums | ||||||
- | - | 652 | 1,075 | - | ||
Cash provided by (used for) financing activities | ||||||
-645 | -4,338 | -7,709 | - | - | ||
Change in cash and cash equivalents | ||||||
2,529 | -3,630 | - | - | - | ||
Cash used for financing activities | ||||||
- | - | - | -6,150 | 78,931 | ||
Change in cash and cash equivalents | ||||||
- | - | 351 | 176 | -4,975 | ||
Supplemental disclosures of cash flow information: | ||||||
Cash paid during the period for: | ||||||
Interest | ||||||
9,840 | 9,257 | 8,743 | - | - | ||
Taxes | ||||||
913 | 1,022 | 660 | 581 | 1,294 | ||
Interest | ||||||
- | - | - | 8,109 | 1,224 | ||
Non-cash investing and financing activities: | ||||||
Capital equipment purchases financed with capital leases | ||||||
4,837 | 2,914 | 4,837 | 4,003 | 2,577 | ||
Fair value of deferred and contingent consideration related to acquisition | ||||||
4,900 | - | - | - | - | ||
Capital equipment purchases financed with term loan | ||||||
4,060 | - | - | - | - | ||
Leasehold improvements funded by landlord tenant improvement allowance | ||||||
2,145 | 3,400 | - | - | - | ||
Construction in process not yet paid for | ||||||
- | 2,700 | - | - | - | ||
Purchased non-controlling interest with common stock | ||||||
- | - | - | - | 1,783 | ||
Financed insurance premiums | ||||||
- | - | - | 1,784 | - | ||
Issuance of common stock for acquisition | ||||||
- | - | 4,708 | - | - | ||