| Dec'18 | Dec'17 | Dec'16 | ||||
|---|---|---|---|---|---|---|
OPERATING ACTIVITIES | ||||||
Net (loss) income | ||||||
-32,130 | 1,709 | -1,173 | ||||
Adjustments to reconcile to net income to net cash provided by operating activities: | ||||||
Depreciation | ||||||
2,303 | 2,263 | 2,181 | ||||
Amortization | ||||||
2,547 | 2,547 | 2,547 | ||||
Share-based compensation | ||||||
498 | 353 | - | ||||
Deferred income tax (benefit) | ||||||
624 | -624 | - | ||||
Loss on sale of fixed assets | ||||||
-7 | -57 | -24 | ||||
Amortization of deferred finance cost | ||||||
142 | 212 | 545 | ||||
Loss on debt extinguishment | ||||||
- | -989 | -2,196 | ||||
Loss on impairment of goodwill | ||||||
30,579 | - | - | ||||
Prepayments and other fees incurred in debt extinguishment | ||||||
- | 364 | 369 | ||||
Bad debt expense | ||||||
27 | 14 | 42 | ||||
Inventory reserves | ||||||
1,112 | 544 | - | ||||
Changes in operating assets and liabilities | ||||||
Accounts receivable | ||||||
213 | 4,687 | -578 | ||||
Net accounts receivable/payable from affiliates | ||||||
514 | -102 | -186 | ||||
Income tax receivable | ||||||
840 | - | - | ||||
Other long-term assets | ||||||
- | 13 | - | ||||
Inventory | ||||||
8,662 | -3,494 | 1,997 | ||||
Prepaid income tax | ||||||
-853 | 896 | - | ||||
Prepaid expenses | ||||||
2 | 53 | 439 | ||||
Trade accounts payable | ||||||
3,660 | 3,198 | -647 | ||||
Accrued expenses | ||||||
-829 | -1,288 | -1,223 | ||||
Other long-term liabilities | ||||||
-12 | -34 | -34 | ||||
Net cash provided by operating activities | ||||||
-850 | 7,523 | - | ||||
INVESTING ACTIVITIES | ||||||
Net cash (used in) provided by operating activities | ||||||
- | - | 2,417 | ||||
Proceeds on disposal of fixed assets | ||||||
- | - | 2 | ||||
Purchase of property and equipment | ||||||
989 | 548 | 325 | ||||
Net cash used in investing activities | ||||||
-989 | -548 | - | ||||
FINANCING ACTIVITIES | ||||||
Net cash (used in) provided by investing activities | ||||||
- | - | -323 | ||||
Principal payments on term debt | ||||||
2,007 | 1,075 | 5,500 | ||||
Repayment of existing debt | ||||||
- | 28,924 | 32,500 | ||||
Proceeds from long-term note | ||||||
425 | 15,000 | 30,000 | ||||
Debt issuance costs incurred | ||||||
- | 366 | 1,220 | ||||
Shares repurchased for income tax withholding on share-based compensation | ||||||
95 | 25 | - | ||||
Members equity contribution | ||||||
- | - | 5,000 | ||||
Repayment of existing revolving credit facility | ||||||
- | - | 12,165 | ||||
Initial borrowing on new revolving credit facility | ||||||
- | - | 16,716 | ||||
Proceeds from issuance of common stock, net of offering costs | ||||||
- | 10,405 | - | ||||
Net borrowings on revolving credit facilities | ||||||
3,515 | -3,094 | -1,318 | ||||
Net cash provided by financing activities | ||||||
1,838 | -8,079 | - | ||||
Net cash provided by (used in) financing activities | ||||||
- | - | -987 | ||||
NET CHANGE IN CASH | ||||||
-1 | -1,104 | 1,107 | ||||