| Sep'18 | Jun'18 | Mar'18 | Dec'17 | Sep'17 | Jun'17 | Mar'17 |
|---|---|---|---|---|---|---|
Net income (loss) | ||||||
- | - | 8,806 | - | - | - | -3,121 |
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | ||||||
Preliminary bargain purchase gain | ||||||
1,212 | -5,085 | 16,058 | - | - | - | - |
Depreciation of property and equipment in operating expenses | ||||||
2,746 | 2,651 | 2,607 | 3,241 | 2,416 | 1,409 | 1,396 |
Depreciation of property and equipment in cost of revenue | ||||||
1,391 | 1,333 | 1,459 | 353 | 422 | 357 | 333 |
Amortization of finite-life intangibles | ||||||
9,318 | 9,367 | 8,732 | 8,554 | 6,711 | 5,551 | 5,629 |
Change in fair value of acquisition-related contingent consideration | ||||||
0 | 370 | 586 | - | - | - | - |
Deferred income taxes | ||||||
-2,387 | -4,327 | -3,466 | -4,020 | -1,499 | -1,279 | -1,213 |
Amortization of debt issuance costs | ||||||
414 | 358 | 441 | 391 | 450 | 849 | 906 |
Stock-based compensation expense | ||||||
1,099 | 45 | 6,386 | 766 | 191 | 174 | 156 |
Other | ||||||
99 | -96 | 142 | - | - | - | - |
Changes in assets and liabilities, net of business acquisitions | ||||||
Trade accounts receivable | ||||||
25,191 | 32,653 | -28,761 | 32,977 | 15,457 | 11,292 | -21,065 |
Inventories | ||||||
5,929 | 4,288 | 3,521 | -5,438 | -3,374 | -224 | -877 |
Prepaid expenses, deferred customer support contract costs and other | ||||||
-4,380 | -3,761 | 4,264 | 12,315 | -8,932 | -1,578 | 1,771 |
Income tax receivable | ||||||
3,068 | 1,603 | 6,290 | - | - | - | - |
Accounts payable and accrued expenses | ||||||
31,458 | 7,331 | -12,930 | 14,470 | -1,124 | 10,103 | -31,007 |
Customer deposits | ||||||
697 | -6,720 | 4,801 | 1,432 | -3,762 | -1,753 | 2,993 |
Income tax payable | ||||||
-37 | -1,441 | -84 | 2,365 | -2,772 | -2,265 | -1,581 |
Deferred revenue and other long-term liabilities | ||||||
-9,511 | -2,739 | 829 | 16,344 | -5,042 | -5,177 | 3,740 |
Net cash provided by (used in) operating activities | ||||||
18,567 | -16,843 | 15,481 | 130 | -5,811 | 755 | -1,598 |
Cash Flows from Investing Activities | ||||||
Purchases of property and equipment | ||||||
3,040 | 4,951 | 2,644 | 2,263 | 3,360 | 2,067 | 1,824 |
Acquisition of business, net of cash acquired | ||||||
15,935 | -2,896 | 29,926 | - | - | - | - |
Net cash used in investing activities | ||||||
-18,975 | -2,055 | -32,570 | -47,645 | -100,903 | -2,067 | -1,824 |
Cash Flows from Financing Activities | ||||||
Proceeds from revolving credit agreement | ||||||
45,000 | 40,000 | 99,000 | 30,000 | 66,000 | 0 | 18,000 |
Repayment of revolving credit agreement | ||||||
35,000 | 90,000 | 29,000 | 36,000 | 40,000 | 0 | 18,000 |
Proceeds from term notes, less discount | ||||||
- | - | - | 59,850 | 74,438 | 425,700 | 10,000 |
Payment on long-term debt | ||||||
1,675 | 560,912 | 1,413 | 1,601 | 1,075 | 413,281 | 857 |
Payment of deferred financing costs | ||||||
- | - | - | - | 1,183 | 3,738 | 1,592 |
Payment of deferred financing costs | ||||||
- | - | 175 | - | - | - | 404 |
Repurchase of common stock | ||||||
- | - | - | 0 | 0 | 0 | 385 |
Proceeds from subscription receivable | ||||||
0 | 0 | 1,805 | - | - | - | - |
Proceeds from Forum cash | ||||||
0 | 12,000 | 135,335 | - | - | - | - |
Payment of reverse recapitalization costs | ||||||
2,730 | 8,622 | 19,582 | - | - | - | - |
Payment to former C1 Securityholders | ||||||
0 | 12,193 | 170,654 | - | - | - | - |
Net cash provided by financing activities | ||||||
-5,893 | 24,725 | 15,316 | 53,307 | 98,777 | 3,960 | 6,762 |
Net decrease in cash | ||||||
-6,301 | 5,827 | -1,773 | 5,792 | -7,937 | 2,648 | 3,340 |
Supplemental disclosures of cash flow information | ||||||
Interest paid | ||||||
- | - | 9,302 | - | - | - | 8,169 |
Income taxes paid | ||||||
- | - | - | 71 | -3 | 4,256 | 19 |
Supplemental disclosures of noncash investing and financing activities | ||||||
Reverse recapitalization costs in accounts payable and accrued expenses, net of tax | ||||||
- | -8,275 | 11,005 | - | - | - | - |
Earnout consideration payable | ||||||
- | - | 125,441 | - | - | - | - |
Deferred offering costs in accounts payable and accrued expenses | ||||||
- | - | - | - | 654 | -272 | 837 |
Liabilities assumed from Forum | ||||||
0 | 0 | 317 | - | - | - | - |
Deferred financing costs in accounts payable and accrued expenses | ||||||
- | - | - | - | - | 359 | 106 |
Property and equipment purchases financed with accounts payable | ||||||
-211 | 405 | 348 | -40 | 129 | -84 | 118 |