| 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 (loss) | ||||||||
6,801 | -5,340 | -52,334 | -1,496 | -17,897 | -23,192 | - | 30,619 | 1,878 |
Loss from discontinued operations | ||||||||
0 | 0 | -200 | -795 | -8,320 | -2,270 | - | - | - |
Net income (loss) from continuing operations | ||||||||
6,801 | -5,340 | -52,134 | -701 | -9,577 | -20,922 | -1,851 | - | - |
Adjustments required to reconcile net income (loss) to net cash provided by (used in) operating activities: | ||||||||
Depreciation and amortization | ||||||||
13,140 | 13,108 | 15,072 | 15,951 | 17,559 | 18,672 | 19,524 | 14,794 | 14,509 |
Goodwill impairment | ||||||||
0 | 0 | 20,402 | 0 | 0 | - | - | - | 0 |
Impairment of long-lived assets | ||||||||
0 | 0 | 10,137 | 0 | 0 | - | - | - | - |
Impairment of goodwill and other intangible assets | ||||||||
- | - | - | - | - | 31,879 | 17,846 | 0 | - |
Gain from redemption of convertible subordinated notes | ||||||||
- | - | - | - | - | - | - | - | 78 |
Gain from the sale of investment accounted for at cost | ||||||||
- | - | - | - | - | - | 3,034 | 24,314 | 2,597 |
Stock-based compensation of options and RSUs | ||||||||
856 | 908 | 1,901 | 2,427 | 2,268 | 1,934 | 1,498 | 1,726 | 937 |
Accrued severance pay, net | ||||||||
118 | -267 | -111 | 300 | -38 | 88 | -285 | -135 | -1,113 |
Accrued interest and exchange rate differences on restricted cash and deposits, net | ||||||||
-239 | -442 | 842 | - | - | - | - | - | - |
Accrued interest and exchange rate differences on restricted cash and deposits, net | ||||||||
- | - | - | -858 | -307 | 209 | -500 | 246 | -256 |
Accrued interest, accretion of discounts and exchange rate differences on held-to-maturity marketable securities and short-term bank deposits, net | ||||||||
- | - | - | - | - | - | - | - | -349 |
Exchange rate differences on long-term loans | ||||||||
186 | -43 | -288 | -416 | 157 | 90 | -112 | -415 | 212 |
Capital loss (gain) from disposal of property and equipment | ||||||||
- | - | - | -430 | -48 | -43 | -234 | -270 | -163 |
Deferred income taxes, net | ||||||||
189 | 4 | 1 | 7 | -2,733 | -3,656 | -192 | -250 | 992 |
Decrease (increase) in trade receivables, net | ||||||||
19,588 | 37,586 | -4,553 | 2,457 | 4,228 | 11,735 | 2,264 | 1,562 | -14,294 |
Decrease (increase) in other assets (including short-term, long-term and deferred charges) | ||||||||
4,029 | 3,474 | -1,080 | 20,251 | -10,740 | 3,293 | 4,893 | 5,545 | -6,564 |
Decrease (increase) in inventories | ||||||||
10,763 | -2,221 | 2,821 | 445 | 6,502 | -2,025 | 5,244 | -2,946 | -8,995 |
Decrease (increase) in restricted cash directly related to operating activities, net | ||||||||
-38,123 | -48,519 | 87,004 | 0 | 0 | - | - | - | - |
Increase (decrease) in trade payables | ||||||||
4,087 | 12,454 | -5,133 | 2,226 | -1,225 | -727 | 7,455 | -4,759 | -6,855 |
Increase in accrued expenses | ||||||||
14,898 | 30,149 | 2,935 | 5,401 | -4,703 | 250 | 1,762 | 2,256 | -6,034 |
Increase (decrease) in advances from customers | ||||||||
-18,959 | -53,081 | 79,884 | -25,935 | 25,249 | 2,897 | 547 | -1,133 | -22,032 |
Increase (decrease) in advances from customers held by trustees | ||||||||
-6,185 | -18 | -2,243 | 14,068 | - | - | - | - | - |
Increase (decrease) in advances from customers held by trustees, net | ||||||||
- | - | - | - | -4,448 | - | - | - | - |
Increase (decrease) in other current liabilities and other long-term liabilities | ||||||||
2,165 | 3,666 | -1,860 | -7,625 | -6,477 | 2,621 | - | - | - |
Increase (decrease) in other accounts payable and other long-term liabilities | ||||||||
- | - | - | - | - | - | -6,768 | 4,574 | -9,909 |
Net cash provided by (used in) operating activities | ||||||||
- | - | - | -16,162 | 16,397 | 19,957 | 24,723 | - | - |
Net cash provided by (used in) operating activities | ||||||||
20,800 | 10,778 | -14,787 | - | - | - | - | 12,934 | -167 |
Cash flows from investing activities: | ||||||||
Purchase of property and equipment | ||||||||
3,692 | 4,307 | 3,930 | 12,630 | 4,063 | 3,965 | 6,284 | -7,638 | 4,485 |
Proceeds from sale of investment accounted for at cost | ||||||||
- | - | - | - | - | - | 3,034 | 24,314 | 2,597 |
Purchase of held-to-maturity marketable securities and deposits | ||||||||
- | - | - | - | - | - | - | 30,693 | 130,961 |
Proceeds from held-to-maturity marketable securities and deposits | ||||||||
- | - | - | - | - | - | - | 62,384 | 162,615 |
Purchase of available-for-sale marketable securities | ||||||||
- | - | - | - | - | - | - | 4,804 | 0 |
Proceeds from available-for-sale marketable securities | ||||||||
- | - | - | - | - | - | - | 4,888 | 0 |
Investment in restricted cash (including long-term) | ||||||||
5,700 | 17,001 | 22,717 | 12,788 | 25,961 | 903 | 18,180 | 2,941 | 90 |
Proceeds from restricted cash (including long-term) | ||||||||
661 | 7,441 | 34,120 | 11,228 | 2,975 | 3,355 | 17,391 | 1,339 | 7,696 |
Proceeds from working capital adjustment to subsidiary purchase price | ||||||||
- | - | - | - | - | - | 1,465 | 0 | 0 |
Investment in restricted cash held by trustees | ||||||||
14,218 | 16,200 | 16,634 | 24,869 | 17,587 | 35,442 | 11,737 | 12,346 | 3,056 |
Proceeds from restricted cash held by trustees | ||||||||
18,974 | 16,498 | 21,501 | 12,306 | 13,744 | 35,447 | 10,660 | 13,673 | 24,834 |
Acquisitions of subsidiaries, net of cash acquired | ||||||||
- | - | - | - | - | - | - | 153,883 | 0 |
Purchase of intangible assets | ||||||||
- | - | - | - | 16 | 89 | 38 | 2,515 | 0 |
Net cash provided by (used in) investing activities | ||||||||
- | - | - | -26,753 | -30,908 | -1,597 | -3,689 | - | - |
Net cash provided by (used in) investing activities | ||||||||
-3,975 | -13,569 | 12,340 | - | - | - | - | -108,222 | 59,150 |
Cash flows from financing activities: | ||||||||
Capital lease payments | ||||||||
0 | 309 | 609 | 234 | 0 | 0 | - | - | - |
Issuance of shares in a rights offering, net of issuance costs | ||||||||
0 | 35,085 | 0 | 0 | - | - | - | - | - |
Issuance of restricted stock units and exercise of stock option | ||||||||
661 | 588 | 5,683 | 1,186 | 581 | 254 | 27 | 39 | 11 |
Payment of obligation related to the purchase of intangible asset | ||||||||
0 | 0 | 500 | 500 | 500 | 0 | 0 | - | - |
Early redemption of convertible notes | ||||||||
- | - | - | - | - | - | - | - | 170 |
Repayment of convertible subordinated notes | ||||||||
- | - | - | - | - | 14,322 | 835 | 839 | 0 |
Short-term bank credit and loans, net | ||||||||
0 | -7,000 | -5,897 | 16,570 | -3,518 | 546 | 842 | -946 | -6,500 |
Proceeds from long-term loans | ||||||||
- | - | - | - | - | 10,000 | 0 | 40,000 | 0 |
Repayment of long-term loans | ||||||||
4,673 | 4,443 | 4,544 | 4,633 | 12,950 | 6,452 | 1,225 | 8,409 | 4,350 |
Net cash provided by (used in) financing activities | ||||||||
- | - | - | 12,389 | -16,387 | -9,974 | -1,191 | - | - |
Net cash used in operating activities | ||||||||
- | - | - | - | -5,996 | 1,614 | -16,126 | - | - |
Net cash provided by investing activities | ||||||||
- | - | - | - | 15,791 | 999 | -4,276 | - | - |
Net cash provided by financing activities | ||||||||
- | - | - | - | 12,884 | 0 | 0 | - | - |
Net cash provided by (used in) discontinued operations | ||||||||
- | - | - | - | 22,679 | 2,613 | -20,402 | - | - |
Net cash provided by (used in) financing activities | ||||||||
-4,012 | 23,921 | -5,867 | - | - | - | - | 29,845 | -11,009 |
Effect of exchange rate changes on cash and cash equivalents | ||||||||
11 | 568 | -977 | -172 | -325 | -262 | -448 | 9 | 782 |
Increase (decrease) in cash and cash equivalents | ||||||||
12,824 | 21,698 | -9,291 | -30,698 | -8,544 | 10,737 | -1,007 | -65,434 | 48,756 |
Supplementary cash flow activities: | ||||||||
Cash paid during the year for continuing operations: | ||||||||
Interest | ||||||||
906 | 1,448 | 1,507 | - | - | - | - | - | - |
Interest | ||||||||
- | - | - | 1,681 | 2,154 | 4,135 | 2,306 | 1,334 | 1,546 |
Income taxes | ||||||||
2,410 | 2,105 | 517 | 1,582 | 730 | 602 | 484 | 400 | 698 |
Non-cash transactions: | ||||||||
Purchases of property and equipment that were not paid for and reclassification from inventories to property and equipment | ||||||||
5,710 | 2,452 | 2,519 | - | - | - | - | - | - |
Conversion of long-term convertible subordinated notes | ||||||||
- | - | - | - | - | 52 | 9 | 1 | 10 |
Reclassification from inventories to property and equipment | ||||||||
- | - | - | 2,857 | 3,778 | 2,050 | 1,997 | 717 | 806 |
Reclassification from property and equipment to inventories | ||||||||
129 | 733 | 114 | 381 | 691 | 858 | 110 | 128 | 2,497 |
Purchase of intangible assets | ||||||||
- | - | - | - | - | 1,505 | 0 | 0 | - |
Capital lease | ||||||||
0 | 0 | 26 | 1,123 | 0 | 0 | - | - | - |