| Apr'19 | Apr'18 | Apr'17 | Apr'16 | Apr'15 | Apr'14 | Apr'13 | Apr'12 | Apr'11 | Apr'10 |
|---|---|---|---|---|---|---|---|---|---|
Operating activities | |||||||||
Net income | |||||||||
47,419 | 17,647 | 13,078 | 8,966 | 2,895 | 13,718 | 10,426 | 30,451 | 25,909 | 20,716 |
Gain on sale of business, net of tax | |||||||||
8,490 | - | - | - | - | - | - | - | - | - |
Loss from discontinued operations, net of tax | |||||||||
2,964 | 3,887 | 4,601 | -6,427 | - | - | - | - | - | - |
Net income from continuing operations | |||||||||
41,893 | 21,534 | 17,679 | 15,393 | - | - | - | - | - | - |
Adjustments to reconcile net income from continuing operations to cash provided by operating activities from continuing operations: | |||||||||
Depreciation and amortization | |||||||||
7,669 | 5,982 | 5,054 | 3,855 | 8,366 | 9,155 | 10,937 | 8,973 | 10,599 | 8,982 |
Loss from equity method investment | |||||||||
-3,944 | -1,283 | -119 | -138 | -240 | -30 | - | - | - | - |
Impairment of available-for-sale securities | |||||||||
- | - | - | 2,186 | - | - | - | - | - | - |
Impairment of long-lived assets | |||||||||
4,398 | 255 | 46 | - | 438 | 3,317 | - | - | 2,043 | - |
Provision for doubtful accounts | |||||||||
-39 | 977 | 48 | 18 | -106 | -6 | 462 | 291 | -105 | 454 |
Impairment of intangible assets and goodwill | |||||||||
- | 1,021 | - | - | - | - | - | - | - | - |
Gains on foreign currency transactions | |||||||||
-38 | 87 | -284 | -63 | -580 | -21 | - | - | - | - |
Loss on sale of equity securities | |||||||||
- | - | - | -219 | -209 | 4 | - | - | - | - |
Deferred income taxes | |||||||||
4,792 | 2,853 | 309 | -2,912 | -3,382 | -3,110 | 3,851 | -2,579 | -1,343 | -253 |
Gain on business acquisition | |||||||||
- | - | 584 | - | - | - | - | - | - | - |
Change in fair value of conversion feature of convertible bonds | |||||||||
- | - | - | - | -73 | -1,773 | -6,173 | - | - | - |
Stock-based compensation | |||||||||
6,985 | 4,956 | 3,392 | 4,002 | 3,768 | 3,622 | 3,470 | 3,196 | 2,306 | 1,654 |
Tax benefit from exercise of stock options | |||||||||
- | - | - | 161 | 52 | 2,305 | 1,606 | 1,239 | 1,034 | 2,902 |
Excess tax benefit from stock-based compensation | |||||||||
- | - | - | 39 | 162 | 648 | - | 189 | 204 | 108 |
(Gain) loss on sale of property and equipment | |||||||||
-76 | -20 | -44 | - | -3,661 | - | -18 | 11 | 51 | -3 |
Amortization of debt securities | |||||||||
1,506 | -1,424 | -2,382 | -3,875 | -4,532 | -5,037 | -5,237 | - | - | - |
Changes in operating assets and liabilities, net of acquisitions: | |||||||||
Accounts receivable | |||||||||
-25,821 | -11,070 | 19,720 | 20,645 | 1,762 | 11,963 | -36,185 | 12,332 | 5,626 | -3,452 |
Unbilled receivables and retentions | |||||||||
36,175 | -2,253 | -615 | 1,555 | 6,427 | -375 | -15,730 | 5,068 | 3,256 | -1,360 |
Inventories | |||||||||
16,631 | -1,192 | 16,816 | -480 | -11,285 | -11,862 | 19,022 | 5,402 | 17,209 | 9,326 |
Income tax receivable | |||||||||
821 | - | - | - | -6,584 | -5,193 | 11,777 | - | - | -3,415 |
Prepaid expenses and other assets | |||||||||
2,401 | -139 | 1,484 | -439 | 339 | -157 | 317 | 1,678 | 543 | 172 |
Accounts payable | |||||||||
-7,054 | 5,736 | 545 | -2,851 | 5,337 | -2,238 | -4,069 | -10,921 | 10,929 | -3,785 |
Other liabilities | |||||||||
-4,043 | 9,224 | -166 | 3,221 | 3,717 | -1,045 | -17,320 | 12,784 | 9,003 | 6,690 |
Net cash provided by operating activities of continuing operations | |||||||||
26,946 | 69,832 | -8,253 | 6,047 | 39,413 | 34,005 | 29,244 | 18,754 | 33,486 | 35,984 |
Investing activities | |||||||||
Acquisition of property and equipment | |||||||||
8,896 | 9,563 | 9,017 | 6,121 | 5,279 | 7,143 | 11,834 | 14,992 | 10,173 | 10,792 |
Equity method investments | |||||||||
7,598 | 3,267 | - | 295 | 395 | 105 | - | - | - | - |
Business acquisition, net of cash acquired | |||||||||
- | - | 430 | - | - | - | - | - | - | - |
Proceeds from sale of business | |||||||||
31,994 | - | - | - | - | - | - | - | - | - |
Net redemptions (purchases) of held-to-maturity investments | |||||||||
- | - | - | - | - | - | - | -2,575 | - | - |
Acquisitions of intangible assets | |||||||||
- | - | - | - | 150 | 750 | 850 | - | - | - |
Proceeds from sale of property and equipment | |||||||||
- | - | - | - | - | - | - | 13 | 109 | - |
Redemptions of held-to-maturity investments | |||||||||
260,918 | 227,663 | 121,522 | 84,433 | 69,387 | 75,022 | 84,071 | - | 8,931 | - |
Purchases of held-to-maturity investments | |||||||||
267,122 | 221,680 | 148,991 | 94,954 | 97,464 | 56,946 | 87,294 | - | - | - |
Redemptions of available-for-sale investments | |||||||||
2,250 | 450 | 400 | 987 | 10,081 | 360 | 600 | 225 | 200 | 275 |
Purchases of available-for-sale investments | |||||||||
- | - | - | - | - | - | 3,037 | - | - | - |
Net sales of held-to-maturity investments | |||||||||
- | - | - | - | - | - | - | - | - | -114,247 |
Net cash (used in) provided by investing activities from continuing operations | |||||||||
11,546 | -6,397 | -36,516 | -15,950 | -23,820 | 10,438 | -18,344 | -17,329 | -933 | -124,764 |
Financing activities | |||||||||
Principal payments of capital lease obligations | |||||||||
161 | 288 | 390 | 472 | - | - | - | - | - | - |
Purchase and retirement of common stock | |||||||||
- | - | - | 3,756 | - | - | - | - | - | - |
Excess tax benefit from stock-based compensation | |||||||||
- | - | - | 39 | 162 | 648 | - | 189 | 204 | 108 |
Tax withholding payment related to net settlement of equity awards | |||||||||
1,094 | 397 | 5 | 29 | 36 | 163 | 77 | - | - | - |
Exercise of stock options | |||||||||
71 | 2,705 | 3,865 | 1,122 | 722 | 6,709 | 289 | 565 | 619 | 836 |
Net cash used in financing activities from continuing operations | |||||||||
-1,184 | 2,020 | 3,470 | -3,096 | 848 | 7,194 | 212 | 754 | 823 | 944 |
Discontinued operations | |||||||||
Operating activities of discontinued operations | |||||||||
-7,686 | -623 | -2,246 | -5,496 | - | - | - | - | - | - |
Investing activities of discontinued operations | |||||||||
-431 | -1,219 | -838 | -628 | - | - | - | - | - | - |
Net cash used in discontinued operations | |||||||||
-8,117 | -1,842 | -3,084 | -6,124 | - | - | - | - | - | - |
Net (decrease) increase in cash, cash equivalents, and restricted cash | |||||||||
29,191 | 63,613 | -44,383 | -19,123 | 16,441 | 51,637 | 11,112 | 2,179 | 33,376 | -87,836 |
Supplemental disclosures of cash flow information | |||||||||
Cash paid, net during the period for: | |||||||||
Income taxes | |||||||||
6,780 | 1,813 | 1,804 | 1,576 | 700 | 2,556 | 15,262 | 13,104 | 9,873 | 104 |
Non-cash activities | |||||||||
Unrealized gain on investments, net of deferred tax expense of $51 | |||||||||
-57 | -70 | -74 | -27 | 1,095 | -442 | -11 | 90 | -24 | -223 |
Reclassification from share-based liability compensation to equity | |||||||||
- | 384 | 307 | 228 | - | - | 401 | - | - | - |
Forfeiture of vested stock-based compensation | |||||||||
- | - | - | 86 | 23 | - | - | - | - | - |
Acquisitions of property and equipment financed with capital lease obligations | |||||||||
- | - | - | 932 | - | - | - | - | - | - |
Change in foreign currency translation adjustments | |||||||||
-34 | 36 | - | - | - | - | - | - | - | - |
Accrued acquisition of intangible assets | |||||||||
- | - | - | - | 250 | - | - | - | - | - |
Acquisitions of property and equipment included in accounts payable | |||||||||
810 | 379 | 724 | 1,045 | - | - | - | - | - | - |