| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||||||
Cash flows from operating activities: | ||||||||||
Net income (loss) | ||||||||||
15,189 | 9,836 | 12,891 | 20,247 | 18,789 | 27,098 | 23,756 | 22,688 | 17,860 | 12,732 | - |
Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||||||||||
Income tax benefit on reduction of uncertain tax position liabilities | ||||||||||
- | - | - | - | - | - | - | -1,602 | - | - | - |
Goodwill and intangible asset impairment loss | ||||||||||
- | - | - | - | - | - | - | - | - | - | 10,163 |
Gain on reversal of deferred rent liability | ||||||||||
- | - | - | - | - | - | - | - | 1,041 | 0 | - |
Income tax benefit on reduction of uncertain tax position liabilities | ||||||||||
- | - | - | - | - | - | - | - | -891 | 0 | - |
Net income | ||||||||||
- | - | - | - | - | - | - | - | - | - | -1,190 |
Gain on change in fair value of contingent consideration, net | ||||||||||
677 | 4,438 | 1,620 | -136 | -371 | 1,392 | 1,676 | -789 | 517 | 1,313 | - |
Gain (Loss) on Disposition of Business | ||||||||||
12,126 | 0 | 0 | - | - | - | - | - | - | - | - |
Depreciation and amortization | ||||||||||
9,482 | 7,921 | 6,974 | 6,462 | 7,865 | 9,758 | 8,617 | 7,971 | 6,187 | 4,230 | 3,380 |
Deferred income taxes | ||||||||||
-1,086 | 876 | -313 | -1,761 | -1,096 | -113 | -285 | 716 | 147 | 935 | 1,862 |
Non-cash compensation expense | ||||||||||
5,595 | 4,310 | 6,314 | 6,015 | 6,059 | 4,823 | 3,673 | 3,615 | 3,100 | 2,012 | 1,638 |
Changes in other operating items: | ||||||||||
Accounts and other receivables | ||||||||||
23,803 | -23,092 | 10,977 | 17,965 | -6,497 | 6,024 | 9,158 | 11,262 | 4,955 | 13 | -2,329 |
Unbilled revenue | ||||||||||
-23,473 | 36,868 | 1,893 | - | - | - | - | - | - | - | - |
Unbilled revenue | ||||||||||
- | - | - | -4,234 | 16,942 | 8,291 | 4,941 | 1,256 | 701 | 1,771 | 1,163 |
Costs and estimated earnings in excess of billings on uncompleted contracts | ||||||||||
- | - | - | -4,234 | 16,942 | - | - | 1,256 | 701 | 1,771 | 1,163 |
Prepaid expenses and other current assets | ||||||||||
-421 | -705 | 2,297 | 2,490 | -5,111 | 1,967 | 2,807 | 1,227 | 1,599 | -1,754 | -617 |
Accounts payable, accrued expenses and net change in operating leases | ||||||||||
-4,859 | 8,110 | 15,392 | 3,732 | 3,856 | 8,794 | 1,174 | 4,003 | -216 | 5,403 | -2,076 |
Deferred revenue | ||||||||||
-326 | -2,094 | 2,520 | - | - | - | - | - | - | - | - |
Deferred revenue | ||||||||||
- | - | - | 383 | -4,663 | 1,416 | -1,478 | 3,218 | 168 | 2,084 | 2,815 |
Income tax benefit from stock-based compensation | ||||||||||
- | - | - | 137 | 835 | 2,506 | 359 | 2,034 | 131 | -129 | - |
Contingent consideration payments in excess of fair value on acquisition date | ||||||||||
0 | 0 | 408 | 539 | 325 | 1,043 | 708 | 602 | 721 | 0 | - |
Other | ||||||||||
-2,117 | 240 | 323 | 240 | -867 | -445 | -445 | -295 | 491 | -266 | -401 |
Net cash provided by (used in) operating activities | ||||||||||
13,400 | 11,210 | 26,260 | 18,077 | - | - | - | - | - | 26,190 | - |
Net cash provided by operating activities | ||||||||||
- | - | - | - | 25,554 | 30,998 | 16,253 | 25,312 | 16,199 | - | 18,776 |
Cash flows from investing activities: | ||||||||||
Cash flows from investing activities: | ||||||||||
Additions to property, plant and equipment | ||||||||||
2,315 | 2,834 | 2,734 | 1,402 | 2,357 | 2,757 | 6,714 | 2,536 | 3,975 | 1,531 | 1,174 |
Proceeds from sale of business | ||||||||||
20,048 | 0 | 0 | - | - | - | - | - | - | - | - |
Acquisitions, net of cash acquired | ||||||||||
-850 | 55,290 | 11,111 | 6,801 | 0 | 8,670 | 13,505 | 12,184 | 36,077 | 5,121 | 24,237 |
Investment in joint venture | ||||||||||
- | - | - | 1,600 | 0 | 0 | - | - | - | - | - |
Capitalized software development costs | ||||||||||
2,632 | 3,544 | 1,313 | 933 | 0 | 0 | - | - | - | - | - |
Capitalized software development costs and other | ||||||||||
0 | 86 | 295 | -14 | -186 | -246 | 0 | 0 | 157 | 0 | - |
Net cash provided by (used in) investing activities | ||||||||||
15,951 | -61,754 | -15,453 | -10,722 | - | - | - | - | - | -6,652 | - |
Net cash used in investing activities | ||||||||||
- | - | - | - | -2,171 | -11,181 | -20,219 | -14,720 | -40,209 | - | -25,411 |
Cash flows from financing activities: | ||||||||||
Cash flows from financing activities: | ||||||||||
Proceeds from (repayment of) short-term borrowings | ||||||||||
0 | -37,577 | - | - | - | - | - | - | - | - | -3,234 |
Proceeds from (repayment of) short-term borrowings | ||||||||||
- | - | 19,864 | -16,127 | 13,285 | 20,392 | 407 | 0 | - | - | - |
Proceeds from long-term debt | ||||||||||
178,750 | 146,000 | 0 | 40,000 | 0 | 40,000 | 0 | 0 | - | - | - |
Proceeds from short-term borrowings | ||||||||||
- | - | - | - | - | - | - | - | 0 | - | - |
Repayment of long-term debt | ||||||||||
212,380 | 57,500 | 12,000 | 24,444 | 13,333 | 2,223 | 0 | 0 | - | - | - |
Change in negative cash book balances | ||||||||||
- | - | - | - | - | - | - | - | - | - | -595 |
Equity investment by Sagard Capital Partners, L.P. | ||||||||||
- | - | - | - | - | - | - | - | - | - | 19,581 |
Contingent consideration payments | ||||||||||
0 | 0 | 4,657 | 2,244 | 2,284 | 977 | 1,026 | 1,263 | 1,238 | -775 | - |
Change in negative cash book balance | ||||||||||
1,932 | -1,278 | -2,138 | 1,366 | -1,143 | -440 | 5,261 | -1,888 | 1,883 | 5 | - |
Repurchases of common stock | ||||||||||
0 | 8,522 | 3,773 | 8,747 | 11,559 | 66,640 | 1,747 | 3,433 | 1,414 | 266 | 2,166 |
Income tax benefit from stock-based compensation | ||||||||||
- | - | - | - | 835 | 2,506 | 359 | 2,034 | 131 | 129 | - |
Tax withholding payments for employee stock-based compensation in exchange for shares surrendered | ||||||||||
278 | 416 | 1,168 | 771 | 1,451 | 3,407 | 623 | 2,750 | 337 | - | - |
Premium paid on interest rate cap | ||||||||||
0 | 0 | 474 | 0 | 0 | - | - | - | - | - | - |
Cash proceeds from termination of interest rate derivatives | ||||||||||
0 | 544 | 0 | 0 | - | - | - | - | - | - | - |
Payment of debt issuance costs | ||||||||||
303 | 1,231 | 0 | 0 | - | - | - | - | - | - | - |
Tax withholding payments for employee stock-based compensation in exchange for shares surrendered | ||||||||||
- | - | - | - | - | - | - | - | - | 361 | - |
Proceeds from issuance of common stock | ||||||||||
- | - | - | - | - | 102 | 63 | 284 | 355 | 39 | - |
Proceeds from issuance of common stock | ||||||||||
- | - | - | - | - | - | - | - | - | - | 51 |
Other financing activities | ||||||||||
0 | 10 | 120 | 185 | 138 | -5 | -6 | -126 | -8 | -141 | -408 |
Net cash used in financing activities | ||||||||||
- | - | - | - | -15,512 | -10,692 | 2,688 | -7,142 | -628 | - | 13,229 |
Net cash used in financing activities | ||||||||||
-32,279 | 40,030 | -4,226 | -10,782 | - | - | - | - | - | -1,370 | - |
Effect of exchange rate changes on cash and cash equivalents | ||||||||||
-2,330 | 319 | 685 | -1,257 | -1,382 | -231 | -836 | 160 | -113 | -69 | - |
Net change in cash | ||||||||||
-5,258 | -10,195 | 7,266 | -4,684 | 6,489 | 8,894 | -2,114 | 3,610 | -24,751 | 18,099 | - |
Effect of exchange rate changes on cash and cash equivalents | ||||||||||
- | - | - | - | - | - | - | - | - | - | 248 |
Net increase in cash and cash equivalents | ||||||||||
- | - | - | - | - | - | - | - | - | - | 6,842 |
Cash paid during the year for: | ||||||||||
Interest | ||||||||||
5,831 | 3,741 | 1,841 | 1,523 | 1,383 | 583 | 179 | 104 | 100 | 36 | 46 |
Income taxes | ||||||||||
4,327 | 4,528 | 6,256 | 10,604 | 8,273 | 17,439 | 13,879 | 12,532 | 10,078 | 5,570 | 3,110 |