| Dec'19 | Dec'18 | Dec'17 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Operating activities | |||||||||||
Net loss | |||||||||||
1,148 | 3,581 | - | 4,118 | - | - | - | - | - | - | - | - |
Net income (loss) | |||||||||||
- | - | 4,118 | - | -7,441 | -9,166 | -27,445 | -15,696 | -55,319 | -21,975 | 28,049 | -10,077 |
Adjustments to reconcile net loss to net cash provided by operating activities: | |||||||||||
Depreciation & amortization | |||||||||||
2,976 | 3,999 | 3,116 | 3,116 | 3,983 | 3,743 | 3,769 | 3,642 | 3,936 | 4,880 | 5,307 | 5,031 |
Net amortization (accretion) of investment premiums and discounts | |||||||||||
75 | 97 | -42 | -42 | -128 | -319 | -655 | -900 | -1,316 | -1,408 | - | 20 |
Net loss on sale of investments | |||||||||||
- | - | - | - | - | - | - | - | 363 | 308 | - | - |
Gain on acquisition | |||||||||||
- | - | - | - | - | - | - | - | - | - | 481 | - |
Impairment of goodwill and intangible assets | |||||||||||
- | - | - | - | - | - | - | - | 18,419 | - | - | - |
Amortization of intangible assets | |||||||||||
615 | 615 | 755 | 755 | 854 | 854 | 936 | 876 | 543 | 543 | 554 | 554 |
Bad debt expense | |||||||||||
- | - | - | - | - | - | - | - | 3,017 | 41 | - | - |
Equity-based compensation | |||||||||||
3,225 | 3,307 | 4,178 | 4,178 | 3,744 | 3,620 | 3,000 | 2,494 | 3,820 | 4,030 | 3,316 | 4,255 |
Straight-line rent adjustment and amortization of lease incentives | |||||||||||
-289 | -31 | - | - | - | - | - | - | - | - | - | - |
Deferred income taxes valuation allowance | |||||||||||
- | - | - | - | - | - | -9,394 | - | -23,437 | - | - | - |
Excess tax benefits from equity-based compensation | |||||||||||
- | - | - | - | - | - | - | - | - | - | 299 | 69 |
Loss on divestiture | |||||||||||
- | - | - | - | - | - | - | -208 | 2,207 | - | - | - |
Change in the fair value of acquisition-related contingent consideration | |||||||||||
7 | -139 | -223 | -223 | -100 | -244 | -250 | -3,727 | -219 | 1,247 | - | - |
Change in the fair value of acquisition-related contingent consideration | |||||||||||
- | - | - | - | - | - | - | - | - | - | -108 | - |
Deferred income taxes | |||||||||||
1,661 | -7,909 | -1 | -1 | 9 | -12 | -728 | 2,229 | -10,099 | -7,140 | -2,142 | -87 |
Loss on disposal of equipment | |||||||||||
-120 | -442 | - | - | 136 | -271 | -41 | 153 | -190 | 78 | -153 | -57 |
Changes in assets and liabilities: | |||||||||||
Accounts receivable | |||||||||||
902 | 7,243 | 3,027 | 3,027 | 5,137 | 223 | -2,950 | -4,638 | 3,531 | -7,309 | -18,845 | 28,935 |
Inventories | |||||||||||
-6,301 | -3,278 | 8,916 | 8,916 | 6,116 | -452 | -3,550 | -1,560 | 8,738 | -2,601 | 1,555 | 1,411 |
Prepaid expenses and other assets | |||||||||||
-1,621 | 141 | 621 | 621 | -496 | 1,382 | 166 | -1,211 | -6,089 | -87 | 2,665 | 3,177 |
Accounts payable | |||||||||||
-1,850 | 2,104 | -1,374 | -1,374 | -627 | 1,310 | 629 | -439 | -378 | -705 | 450 | 441 |
Accrued payroll and other accrued liabilities | |||||||||||
694 | -6,770 | -6,029 | -6,029 | 12,329 | 19 | 2,163 | -8,259 | 2,492 | -9,008 | 9,987 | 6,902 |
Customer advances | |||||||||||
-10,307 | 3,288 | 5,604 | 5,604 | 1,797 | 1,074 | -1,192 | 1,550 | -2,847 | 173 | -8,313 | 9,967 |
Total adjustments | |||||||||||
3,797 | -5,297 | -6,496 | -6,496 | 11,224 | 9,801 | 24,751 | 6,730 | 35,603 | 5,696 | 23,265 | -6,492 |
Net cash used in operating activities | |||||||||||
- | - | -2,378 | - | 3,783 | 635 | -2,694 | -8,966 | -19,716 | - | - | - |
Net cash provided by operating activities | |||||||||||
4,945 | -1,716 | - | -2,378 | - | - | - | - | - | -16,279 | 51,314 | -16,569 |
Investing activities | |||||||||||
Purchase of investments | |||||||||||
23,306 | 27,353 | 26,581 | 26,581 | 12,429 | 21,058 | 35,703 | 37,055 | 47,199 | 111,940 | 20,683 | 26,979 |
Proceeds from sales and maturities of investments | |||||||||||
21,642 | 29,567 | 25,164 | 25,164 | 24,005 | 32,900 | 51,225 | 42,729 | 69,360 | 47,039 | 68,050 | 25,450 |
Acquisition of SIT, net of cash acquired | |||||||||||
- | - | - | - | - | - | - | - | - | - | 2,638 | - |
Proceeds from sale of equipment | |||||||||||
- | - | - | - | 208 | 11 | 13 | 153 | - | 249 | - | - |
Decrease in restricted cash | |||||||||||
- | - | -602 | - | -178 | - | 1,780 | - | - | - | - | - |
Purchase of leasehold improvements and equipment | |||||||||||
4,107 | 3,244 | 4,356 | 4,356 | 3,373 | 3,117 | 3,705 | 1,772 | 3,280 | 5,582 | 7,055 | 2,615 |
Net cash provided by (used in) investing activities | |||||||||||
- | - | -5,171 | - | 8,589 | 8,736 | 10,050 | 4,555 | 21,881 | - | - | - |
Net cash provided by investing activities | |||||||||||
-5,771 | -1,030 | - | -5,773 | - | - | - | - | - | -70,234 | 37,674 | -4,144 |
Financing activities | |||||||||||
Proceeds from issuance of common stock | |||||||||||
2,265 | 3,208 | 2,429 | 2,429 | 1,489 | 1,699 | 2,559 | 1,909 | 1,869 | 2,924 | 2,768 | - |
Common stock repurchases | |||||||||||
111 | 558 | - | - | - | 18,503 | 8,392 | 1,598 | - | - | - | - |
Taxes paid related to net share settlement | |||||||||||
404 | 831 | 1,999 | 1,999 | 426 | 132 | 92 | - | - | - | - | - |
Payment of acquisition-related contingent consideration | |||||||||||
230 | - | 174 | 174 | 31 | - | - | 40 | 3,345 | 2,389 | - | - |
Net cash provided by (used in) financing activities | |||||||||||
- | - | 256 | - | 1,032 | -16,936 | -5,925 | 271 | -1,476 | - | - | - |
Payment of notes payable assumed upon SIT acquisition | |||||||||||
- | - | - | - | - | - | - | - | - | - | 177 | - |
Repayment of note payable | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 2,000 |
Excess tax benefits from equity-based compensation | |||||||||||
- | - | - | - | - | - | - | - | - | - | 299 | 69 |
Net proceeds from issuance of common stock | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 1,122 |
Net cash provided by financing activities | |||||||||||
1,520 | 1,819 | - | 256 | - | - | - | - | - | 535 | 2,890 | -809 |
Effect of exchange rate changes on cash and cash equivalents | |||||||||||
-24 | -130 | - | - | - | - | - | - | - | - | - | - |
Effect of exchange rate changes on cash and cash equivalents | |||||||||||
- | - | 191 | 191 | -107 | -171 | -70 | - | 12 | 18 | 50 | -87 |
Net increase in cash, cash equivalents and restricted cash in cash, cash equivalents and restricted cash | |||||||||||
670 | -1,057 | - | -7,704 | - | - | - | - | - | - | - | - |
Net increase (decrease) in cash and cash equivalents | |||||||||||
- | - | -7,102 | - | 13,297 | -7,736 | 1,361 | -4,140 | 701 | -85,960 | 91,928 | -21,609 |
Cash paid (received) for: | |||||||||||
Income taxes | |||||||||||
1,016 | 991 | 902 | 902 | 516 | 1,190 | 378 | 108 | 24 | 336 | 1,829 | 713 |
Income tax refund | |||||||||||
157 | - | 19 | 19 | 524 | - | - | 912 | 4,608 | 683 | 481 | -2,821 |
Finished goods inventory transferred to property, plant and equipment | |||||||||||
- | - | - | - | - | - | - | 1,551 | - | - | - | - |