| 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 (loss) income | ||||||||||
-5,359 | -94,422 | 400 | -3,620 | -8,060 | 6,877 | 331 | -11,866 | -13,114 | 21,882 | 20,030 |
Adjustments to reconcile net (loss) income to net cash used in operating activities: | ||||||||||
Depreciation and amortization | ||||||||||
26,096 | 31,799 | 29,491 | 34,162 | 28,083 | 23,451 | 21,538 | 21,570 | 22,092 | 19,458 | 18,536 |
Amortization of ROU operating leases | ||||||||||
5,177 | - | - | - | - | - | - | - | - | - | - |
Amortization of ROU finance leases | ||||||||||
2,312 | - | - | - | - | - | - | - | - | - | - |
Unamortized debt issuance costs upon debt modification | ||||||||||
399 | 2,164 | 0 | - | - | - | - | - | - | - | - |
Unamortized Debt Issuance Costs On Debt Extinguishment | ||||||||||
- | - | - | 0 | - | - | - | - | - | - | - |
Amortization of deferred debt issuance costs | ||||||||||
453 | 725 | 1,269 | 1,225 | 462 | 0 | 52 | 103 | 132 | 296 | 252 |
Deferred income taxes | ||||||||||
71 | -13,194 | -4,166 | 751 | -2,885 | 1,869 | -239 | -1,646 | 5,192 | 4,959 | -1,013 |
Stock-based compensation | ||||||||||
2,753 | 2,238 | 2,303 | 2,280 | 2,275 | 1,594 | 2,141 | 3,115 | 2,712 | 2,542 | 1,614 |
Gain on sale of property and equipment | ||||||||||
1,804 | 3,306 | 674 | 1,579 | -466 | 359 | -153 | -1,822 | -60 | 459 | -518 |
Goodwill impairment charges | ||||||||||
- | 69,483 | 0 | 0 | - | - | - | - | - | - | - |
Allowance for credit losses | ||||||||||
0 | 4,280 | 0 | 0 | 22 | 993 | 259 | 12 | 255 | -285 | 442 |
Other gain from continuing operations | ||||||||||
0 | 5,448 | 0 | 0 | - | - | - | - | - | - | - |
Change in contingent liability related to earnout | ||||||||||
- | - | - | - | - | - | -271 | 0 | 0 | - | - |
Gain on bargain purchase from acquisition of a business | ||||||||||
- | - | - | - | - | - | - | - | - | 1,589 | 0 |
Excess tax benefit from stock option exercise | ||||||||||
- | - | - | - | - | - | - | - | - | 96 | -1,476 |
Change in operating assets and liabilities: | ||||||||||
Accounts receivable | ||||||||||
51,709 | -10,936 | -15,022 | 23,935 | 2,666 | 4,202 | -4,571 | 26,966 | -26,135 | 5,073 | -1,996 |
Income tax receivable | ||||||||||
495 | 128 | 952 | 49 | -249 | 0 | -2,125 | -10,888 | 6,331 | 5,119 | 2,453 |
Inventory | ||||||||||
-503 | -647 | -89 | -1,696 | -1,150 | 3,702 | 3,024 | 497 | 370 | 1,519 | -734 |
Accounts receivable, non-current | ||||||||||
- | - | - | 511 | 222 | 0 | -46 | - | - | - | - |
Note receivable | ||||||||||
- | - | - | - | - | - | - | -5 | -39 | -1,246 | -961 |
Prepaid expenses and other | ||||||||||
-131 | -1,671 | 226 | -856 | 467 | 695 | 200 | 497 | 377 | 698 | 1,608 |
Costs and estimated earnings in excess of billings on uncompleted contracts | ||||||||||
32,172 | -36,789 | 6,030 | - | - | - | - | - | - | - | - |
Costs and estimated earnings in excess of billings on uncompleted contracts | ||||||||||
- | - | - | 19,640 | -10,655 | -19,725 | -5,611 | -4,133 | 10,991 | -13,733 | -3,640 |
Accounts payable | ||||||||||
28,894 | -4,584 | -5,666 | -5,717 | 12,245 | -1,178 | -6,405 | 18,826 | -12,970 | -7,651 | 11,241 |
Accrued liabilities | ||||||||||
1,334 | -5,301 | -1,519 | - | - | - | - | - | - | - | - |
Accrued liabilities | ||||||||||
- | - | - | -1,123 | 1,658 | 4,428 | -808 | 2,803 | -2,728 | 3,024 | 270 |
Operating lease liabilities | ||||||||||
-5,843 | - | - | - | - | - | - | - | - | - | - |
Income tax payable | ||||||||||
1,523 | -256 | -433 | -125 | -1,097 | 538 | 207 | 252 | -262 | -50 | 314 |
Billings in excess of costs and estimated earnings on uncompleted contracts | ||||||||||
27,020 | -12,162 | 5,225 | - | - | - | - | - | - | - | - |
Billings in excess of costs and estimated earnings on uncompleted contracts | ||||||||||
- | - | - | -802 | 4,655 | 2,109 | -1,774 | 10,704 | 1,277 | -3,241 | -6,030 |
Deferred revenue | ||||||||||
- | - | - | - | -34 | -53 | -58 | -57 | -57 | -55 | -56 |
Net cash (used in) provided by operating activities | ||||||||||
-716 | 21,931 | 34,133 | 23,149 | 25,179 | 11,945 | 13,033 | 24,438 | 32,676 | 13,839 | 40,336 |
Cash flows from investing activities: | ||||||||||
Proceeds from sale of property and equipment | ||||||||||
2,015 | 3,234 | 6,826 | 2,152 | 2,708 | 1,005 | 750 | 374 | 841 | 827 | 1,095 |
Purchase of property and equipment | ||||||||||
17,199 | 17,714 | 10,729 | 18,715 | 20,802 | 18,711 | 12,760 | 24,647 | 14,894 | 29,050 | 22,693 |
Acquisition of TBC | ||||||||||
0 | 0 | 6,000 | 369 | - | - | - | - | - | - | 0 |
Acquisition of TBC | ||||||||||
- | - | - | 0 | - | - | - | - | - | - | - |
TBC acquisition adjustment | ||||||||||
0 | 0 | 557 | 0 | 0 | - | - | - | - | - | - |
Contributions to CSV life insurance | ||||||||||
721 | 260 | 545 | - | - | - | - | - | - | - | - |
Proceeds from return of investment | ||||||||||
- | 94 | - | 0 | - | - | - | - | - | - | - |
Insurance claim proceeds related to property and equipment | ||||||||||
2,574 | 1,346 | 925 | 0 | - | - | - | - | - | - | - |
Contributions to CSV life insurance | ||||||||||
- | - | - | 754 | - | - | - | - | - | - | - |
Acquisition of business (net of cash acquired) | ||||||||||
- | - | - | - | - | - | - | - | - | - | 0 |
Net cash used in investing activities | ||||||||||
-13,331 | -13,300 | -10,080 | -17,686 | -128,795 | -42,787 | -12,010 | -33,273 | -14,053 | -95,755 | -21,598 |
Cash flows from financing activities: | ||||||||||
Borrowings from Credit Facility | ||||||||||
63,000 | 39,861 | 72,000 | 57,000 | 149,021 | 30,000 | 0 | 18,000 | - | - | - |
Payments made on borrowings from Credit Facility | ||||||||||
70,210 | 48,111 | 87,813 | 63,084 | 42,955 | 1,557 | 4,057 | 5,379 | - | - | - |
Proceeds from sale-leaseback arrangement | ||||||||||
18,210 | - | - | - | - | - | - | - | - | - | - |
Extinguishment of debt | ||||||||||
- | - | - | - | 32,427 | 0 | 0 | - | - | - | 34,125 |
Excess tax benefit from stock option exercise | ||||||||||
- | - | - | - | - | - | - | 0 | 0 | 96 | 1,476 |
Loan costs from Credit Facility | ||||||||||
1,680 | 861 | 779 | 486 | 4,498 | 0 | - | 13 | 0 | 411 | 0 |
Capital lease liability | ||||||||||
- | 2,737 | - | 0 | - | - | - | - | - | - | - |
Payments of finance lease liabilities | ||||||||||
2,906 | - | - | - | - | - | - | - | - | - | - |
Contributions from noncontrolling interest | ||||||||||
- | - | - | - | - | - | -50 | 34 | 0 | 0 | - |
Purchase of treasury stock | ||||||||||
- | - | - | - | - | - | - | - | - | - | 0 |
Exercise of stock options | ||||||||||
35 | 2,815 | 1,320 | 100 | 28 | 869 | 859 | 298 | 185 | 669 | 1,938 |
Purchase of shares into treasury | ||||||||||
- | - | - | - | 3,101 | 436 | 0 | 0 | 3,003 | 0 | - |
Proceeds from sale of common stock, net of offering costs | ||||||||||
- | - | - | - | - | - | - | - | - | - | 90,997 |
Net cash used in financing activities | ||||||||||
6,449 | -9,033 | -15,272 | -6,503 | 66,068 | 28,876 | -3,248 | 12,940 | -2,818 | 354 | 60,286 |
Net change in cash and cash equivalents | ||||||||||
-7,598 | -402 | 8,781 | - | - | - | - | - | - | - | - |
Net change in cash and cash equivalents | ||||||||||
- | - | - | -1,040 | -37,548 | -1,966 | -2,225 | 4,105 | 15,805 | -81,562 | 79,024 |
Supplemental disclosures of cash flow information, cash paid during the period for: | ||||||||||
Interest | ||||||||||
6,311 | 4,819 | 4,413 | - | - | - | - | - | - | - | - |
Interest | ||||||||||
- | - | - | 5,031 | 3,063 | 742 | 483 | 697 | 212 | 547 | 553 |
Taxes, net of refunds | ||||||||||
578 | 903 | 1,008 | 999 | 584 | 770 | -3,045 | -14,039 | -4,948 | 12,149 | 9,781 |
Non-cash investing activity | ||||||||||
Capital lease expenditures included in accrued expenses | ||||||||||
- | - | - | 0 | - | - | - | - | - | - | - |
Fair value of earnout from acquisition of business in Alaska | ||||||||||
- | - | - | - | - | - | - | 271 | 0 | 0 | - |
Capital lease expenditures included in accrued expenses | ||||||||||
- | 13,103 | - | - | - | - | - | - | - | - | 42 |