| 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: | ||||||||||
Net income | ||||||||||
-13,864 | -466 | 19,794 | 6,469 | 10,147 | 14,128 | 14,390 | 12,685 | 9,760 | 7,028 | 11,015 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||
Depreciation and amortization | ||||||||||
23,268 | 22,080 | 21,316 | 21,796 | 22,758 | 21,507 | 18,144 | 15,707 | 13,994 | 11,927 | 11,686 |
Inventory allowance | ||||||||||
3,800 | 0 | 273 | 566 | 205 | 395 | 0 | 0 | - | - | - |
Impairments | ||||||||||
10,039 | 0 | 0 | - | - | - | - | - | - | - | - |
Deferred taxes | ||||||||||
- | - | - | - | - | - | - | - | - | - | 4,456 |
Stock-based compensation | ||||||||||
2,582 | 2,385 | 4,038 | 2,299 | 3,545 | 3,244 | 1,682 | 1,418 | 1,068 | 1,058 | 584 |
Retirement of rental equipment | ||||||||||
1,512 | 0 | 0 | 545 | 4,370 | 0 | 0 | - | - | - | - |
Bad debt allowance | ||||||||||
664 | -185 | 90 | 61 | 477 | 121 | 14 | - | - | - | - |
Deferred taxes | ||||||||||
-662 | 314 | -21,575 | -2,713 | -1,846 | 6,840 | 7,723 | 6,972 | 5,869 | 4,248 | - |
Gain on extinguishment of liability | ||||||||||
- | - | - | - | - | - | 223 | 0 | 0 | - | - |
Gain on sale of assets | ||||||||||
55 | 69 | 87 | 86 | 179 | 160 | 48 | 0 | 717 | 46 | 51 |
Loss (gain) on company owned life insurance | ||||||||||
218 | -153 | 67 | 14 | 0 | 0 | - | - | - | - | - |
Changes in operating assets and liabilities: | ||||||||||
Trade accounts receivables | ||||||||||
2,550 | -1,500 | 1,246 | -1,668 | -824 | 3,779 | 73 | 1,012 | 400 | -2,035 | -4,007 |
Inventory | ||||||||||
-8,256 | 5,102 | 5,221 | -1,131 | -5,337 | 6,112 | 323 | -456 | 5,476 | -2,773 | -9,008 |
Prepaid expenses and prepaid income taxes | ||||||||||
-3,288 | 578 | 1,852 | 1,539 | -5,774 | 3,997 | 1,870 | 281 | -1,964 | 598 | 1,504 |
Changes in operating assets and liabilities: | ||||||||||
Accounts payable and accrued liabilities | ||||||||||
-7,225 | 3,597 | 3,410 | -439 | -7,220 | 1,126 | 1,154 | 1,863 | 1,859 | 1,791 | -8,673 |
Deferred income | ||||||||||
559 | -104 | -2,040 | 1,954 | - | - | - | - | - | - | - |
Current income tax liability | ||||||||||
- | - | - | - | -1,230 | 920 | -162 | 447 | 1,229 | -1,708 | 1,598 |
Deferred income | ||||||||||
- | - | - | - | -1,364 | 762 | -1,154 | -2,836 | 4,474 | 299 | 52 |
Other | ||||||||||
-61 | -163 | -666 | -159 | 32 | 12 | 0 | 1 | 1 | 9 | 0 |
Tax benefit from equity compensation | ||||||||||
- | - | - | 72 | 0 | 419 | 10 | 0 | 0 | - | - |
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES | ||||||||||
29,412 | 23,689 | 17,499 | 31,785 | 41,566 | 34,564 | 39,244 | 35,418 | 33,623 | 28,798 | 32,178 |
CASH FLOWS FROM INVESTING ACTIVITIES: | ||||||||||
Purchase of rental equipment and property and equipment | ||||||||||
69,938 | 40,065 | 13,536 | 3,321 | 12,459 | 53,342 | 43,419 | 23,766 | 36,525 | 21,908 | 9,542 |
Purchase of company owned life insurance | ||||||||||
302 | 289 | 620 | 194 | 0 | 0 | - | - | - | - | - |
Redemption of short-term investments | ||||||||||
- | - | - | - | - | - | - | - | - | - | 2,300 |
Proceeds from sale of property and equipment | ||||||||||
30 | 69 | 87 | 101 | 189 | 240 | 95 | 5 | 1,019 | 47 | 143 |
Proceeds from insurance claims of property and equipment | ||||||||||
35 | 0 | 1,231 | 0 | 0 | - | - | - | - | - | - |
NET CASH USED IN INVESTING ACTIVITIES | ||||||||||
-70,175 | -40,285 | -12,838 | -3,414 | -12,270 | -53,102 | -43,324 | -23,761 | -35,506 | -21,861 | -7,099 |
CASH FLOWS FROM FINANCING ACTIVITIES: | ||||||||||
Proceeds from line of credit | ||||||||||
- | - | - | - | - | - | - | - | - | 2,000 | 500 |
Payments from other long-term liabilities, net | ||||||||||
-16 | -35 | -23 | -14 | -26 | -42 | -82 | -21 | -4 | -30 | - |
Repayments of long-term debt | ||||||||||
- | - | - | - | - | - | - | - | - | 6,194 | 3,378 |
Repayments of line of credit, net | ||||||||||
- | - | - | - | - | 160 | 320 | 120 | 983 | 7,000 | 500 |
Proceeds from other long term liabilities, net | ||||||||||
- | - | - | - | - | - | - | - | - | - | 118 |
Proceeds from exercise of stock options | ||||||||||
506 | 680 | 1,100 | 1,000 | 776 | 59 | 829 | 180 | 123 | 407 | 49 |
Purchase of treasury shares | ||||||||||
490 | 0 | 0 | - | - | - | - | - | - | - | - |
Tax Benefit from equity compensation | ||||||||||
- | - | - | 72 | 0 | 419 | 10 | 0 | - | - | - |
Taxes paid related to net share settlement of equity awards | ||||||||||
273 | 629 | 644 | 909 | 695 | 0 | 0 | - | - | - | - |
NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES | ||||||||||
-273 | 16 | 453 | 191 | 55 | 276 | 437 | 39 | -864 | -10,817 | -3,211 |
NET CHANGE IN CASH AND CASH EQUIVALENTS | ||||||||||
-41,036 | -16,580 | 5,114 | - | - | - | - | - | - | - | - |
NET CHANGE IN CASH AND CASH EQUIVALENTS | ||||||||||
- | - | - | 28,562 | 29,351 | -18,262 | -3,643 | 11,696 | -2,747 | -3,880 | 21,868 |
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: | ||||||||||
Interest paid | ||||||||||
39 | 14 | 14 | 8 | - | - | - | - | - | - | - |
Interest paid | ||||||||||
- | - | - | - | 15 | 10 | 56 | 18 | 61 | 238 | 613 |
Income taxes paid | ||||||||||
275 | 85 | 3,725 | 5,825 | 6,530 | 4,108 | 2,590 | 267 | 130 | 2,204 | 1,477 |
NON-CASH TRANSACTIONS | ||||||||||
Transfer of rental equipment to inventory | ||||||||||
836 | 144 | 55 | 724 | 2,309 | 131 | 207 | 8,690 | 0 | 225 | 1,114 |
Transfer of inventory to rental equipment | ||||||||||
1,184 | 0 | 0 | - | - | - | - | - | - | - | - |
Transfer of prepaids to rental equipment and inventory | ||||||||||
958 | 0 | 0 | - | - | - | - | - | - | - | - |
Right of use acquired through an operating lease | ||||||||||
762 | - | - | - | - | - | - | - | - | - | - |
Transfer of inventory to property and equipment | ||||||||||
- | - | - | - | 1,624 | 0 | 0 | - | - | - | - |
Property and equipment purchases included in accounts payable | ||||||||||
- | - | - | - | - | 218 | 251 | 31 | - | - | - |