| Jan'18 | Jan'17 | Jan'16 | Jan'15 | Jan'14 | Jan'13 | Jan'12 | Jan'11 | Jan'10 |
|---|---|---|---|---|---|---|---|---|
CASH FLOWS FROM OPERATING ACTIVITIES: | ||||||||
Net income | ||||||||
56,650 | 14,517 | -7,292 | -37,175 | -22,779 | 14,801 | 25,517 | 24,512 | 13,520 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||
Depreciation and amortization | ||||||||
14,602 | 14,932 | 14,318 | 12,933 | 13,211 | 13,943 | 13,441 | 12,044 | 13,393 |
Provision for bad debts | ||||||||
3,698 | 804 | 528 | 812 | -98 | 331 | 93 | 96 | 1,307 |
Tax benefit from exercise of stock options | ||||||||
- | - | - | - | - | - | 1,267 | 2,270 | -205 |
Impairment on assets | ||||||||
372 | 1,451 | 20,604 | - | 35,205 | 3,516 | 6,066 | - | 254 |
Impairment on goodwill | ||||||||
- | - | 6,022 | - | 7,772 | - | - | - | - |
Impairment on long-lived assets | ||||||||
- | - | - | - | - | - | - | 392 | - |
Amortization of debt issue costs | ||||||||
411 | 412 | 472 | 645 | 705 | 712 | 582 | 429 | 531 |
Amortization of premiums and discounts | ||||||||
92 | 56 | 143 | 413 | 113 | 53 | -16 | 1 | 186 |
Loss (gain) on sale of long-lived assets | ||||||||
- | - | 3,779 | 885 | 6,162 | 389 | - | - | 886 |
Change in fair value and settlement of derivatives | ||||||||
- | - | - | - | - | - | 1,832 | -2,153 | -985 |
Costs on early extinguishment of debt | ||||||||
- | -173 | -1,158 | - | - | - | -1,306 | -730 | -357 |
Deferred income taxes | ||||||||
-32,277 | 2,208 | -2,581 | 43,730 | -14,875 | 2,651 | 6,354 | 7,189 | 3,902 |
Amortization of unrealized loss on pension liability | ||||||||
- | -464 | -538 | -399 | 534 | 524 | 15 | - | - |
Pension settlement charge | ||||||||
- | 7,217 | 4,427 | - | - | - | - | - | - |
Share-based compensation | ||||||||
6,166 | 6,459 | 5,196 | 6,035 | 5,284 | 4,262 | -108 | 4,492 | 2,754 |
Changes in operating assets and liabilities, net of acquisitions | ||||||||
Accounts receivable, net | ||||||||
17,937 | 10,880 | -3,078 | -6,459 | -28,049 | 29,130 | 16,295 | -14,405 | -4,606 |
Inventories | ||||||||
21,464 | -29,601 | 1,193 | -20,116 | 23,925 | -15,343 | 22,828 | 43,133 | -28,147 |
Prepaid income taxes | ||||||||
-1,952 | -138 | -4,592 | -1,090 | 270 | -1,090 | 3,152 | - | - |
Prepaid expenses and other current assets | ||||||||
1,593 | -1,891 | 1,399 | -167 | -1,099 | 1,368 | 388 | -3,248 | -6,168 |
Other assets | ||||||||
-170 | -140 | -487 | 408 | 244 | -477 | 1,497 | 486 | -35 |
Accounts payable and accrued expenses | ||||||||
18,600 | -15,984 | -9,100 | 4,202 | -20,780 | 54,129 | -1,936 | 6,736 | 17,130 |
Accrued interest payable | ||||||||
-116 | -71 | -2,524 | -50 | 34 | -125 | 442 | -738 | -854 |
Income taxes payable | ||||||||
5,343 | - | - | - | - | - | - | - | - |
Unearned revenues and other long-term liabilities | ||||||||
-4,497 | 2,208 | -1,219 | 210 | 564 | -588 | - | - | - |
Deferred pension obligation | ||||||||
- | -12,337 | -1,069 | 3,550 | 3,217 | 3,251 | 3,027 | 3,562 | -106 |
Unearned revenues and other liabilities | ||||||||
- | - | - | - | - | - | -758 | -5,234 | -2,641 |
Net cash provided by operating activities | ||||||||
30,172 | 43,399 | 31,407 | 55,143 | 220 | 76,981 | 712 | 21,004 | 88,795 |
CASH FLOWS FROM INVESTING ACTIVITIES: | ||||||||
Purchases of property and equipment | ||||||||
7,936 | 13,273 | 16,150 | 16,733 | 22,243 | 9,840 | 13,132 | 6,237 | 2,734 |
Purchases of investments | ||||||||
39,157 | 13,896 | 12,086 | 31,501 | 15,437 | - | - | - | - |
Proceeds from investment maturities | ||||||||
35,931 | 12,746 | 22,197 | 26,592 | - | - | - | - | - |
Deposit on sale of intangible asset | ||||||||
- | - | - | - | - | 2,625 | - | - | - |
Proceeds on sale of intangible assets | ||||||||
- | - | 2,500 | - | 4,875 | - | - | 1,100 | 700 |
Proceeds from sale of building | ||||||||
- | - | 8,163 | - | - | - | - | - | - |
Payment of expenses related to sale of building | ||||||||
- | - | 1,887 | - | - | - | - | - | - |
Proceeds on termination of life insurance | ||||||||
- | - | - | 245 | 3,559 | - | - | - | - |
Proceeds from note receivable | ||||||||
250 | 250 | 250 | 250 | - | - | - | - | - |
Proceeds on sale of long-lived assets, net | ||||||||
- | - | - | - | 1,892 | 760 | 2,875 | - | - |
Payment on purchase of intangible assets | ||||||||
- | - | - | - | - | 7,000 | 535 | - | 0 |
Proceeds in connection with purchase price adjustment | ||||||||
- | - | - | - | - | -4,547 | - | 4,547 | - |
Redemption of restricted funds as collateral | ||||||||
- | - | - | - | - | - | -9,369 | 9,369 | - |
Payment for acquired businesses | ||||||||
- | - | - | - | - | - | - | 75,438 | - |
Payment on purchase of operating leases | ||||||||
- | - | - | - | - | - | 904 | - | 0 |
Net cash provided by (used) in investing activities | ||||||||
-10,912 | -14,173 | 2,987 | -21,147 | -27,354 | -8,908 | -2,327 | -94,491 | -2,034 |
CASH FLOWS FROM FINANCING ACTIVITIES: | ||||||||
Borrowings from senior credit facility | ||||||||
267,292 | 311,241 | 408,209 | 234,137 | 415,885 | 288,312 | 398,208 | 576,319 | 646,234 |
Payments on senior credit facility | ||||||||
278,642 | 350,495 | 346,451 | 242,299 | 407,723 | 309,991 | 473,871 | 478,977 | 700,649 |
Tax benefit from exercise of stock options | ||||||||
- | - | - | - | - | - | - | 2,270 | 205 |
Proceeds from refinancing of real estate mortgage | ||||||||
- | - | - | - | - | - | - | 13,000 | - |
Proceeds from issuance of senior subordinated notes payable | ||||||||
- | - | - | - | - | - | 150,000 | - | - |
Payments on senior subordinated notes | ||||||||
- | - | 100,000 | - | - | - | 105,792 | 25,454 | 20,848 |
Proceeds from real estate mortgages | ||||||||
- | 24,139 | - | - | - | - | - | - | - |
Payments on real estate mortgages | ||||||||
865 | 11,768 | 821 | 792 | 1,385 | 727 | 549 | 11,219 | 469 |
Dividends paid to stockholders | ||||||||
- | - | - | - | - | 14,992 | - | - | - |
Purchase of treasury shares | ||||||||
937 | 2,151 | 6,950 | 8,773 | 6,957 | 2,582 | 15,958 | - | 1,751 |
Payments for employee taxes on shares withheld | ||||||||
988 | 1,105 | 1,242 | - | - | - | - | - | - |
Payments on capital leases | ||||||||
286 | 264 | 262 | 301 | 318 | 363 | 381 | 301 | 357 |
Deferred financing fees | ||||||||
- | 274 | 574 | - | 327 | 100 | 103 | 158 | - |
Proceeds from exercise of stock options | ||||||||
24 | 73 | 1,408 | 404 | 154 | 1,804 | 4,768 | 2,677 | 636 |
Tax benefit from exercise of equity instruments | ||||||||
- | - | - | -161 | 83 | 1,554 | 1,267 | - | - |
Proceeds from issuance of senior subordinate notes | ||||||||
- | - | - | - | - | - | - | - | 0 |
Debt issuance costs | ||||||||
- | - | - | - | - | - | 3,504 | - | 0 |
Proceeds from issuance of common stock | ||||||||
- | - | - | - | - | - | 56,000 | - | 0 |
Stock issuance costs | ||||||||
- | - | - | - | - | - | 3,074 | - | 0 |
Payment of noncontrolling interest | ||||||||
- | - | - | - | - | - | - | 4,557 | - |
Net cash used in financing activities | ||||||||
-14,402 | -30,604 | -46,683 | -17,785 | -588 | -37,085 | 7,011 | 73,600 | -76,999 |
Effect of exchange rate changes on cash and cash equivalents | ||||||||
-331 | 171 | 644 | 347 | -246 | -147 | 196 | 142 | -306 |
NET DECREASE IN CASH AND CASH EQUIVALENTS | ||||||||
4,527 | -1,207 | -11,645 | 16,558 | -27,968 | 30,841 | 5,592 | 255 | 9,456 |
Cash paid during the period for: | ||||||||
Interest | ||||||||
6,761 | 6,998 | 11,176 | 13,283 | 14,173 | 14,553 | 15,944 | 14,985 | 17,054 |
Income taxes | ||||||||
1,370 | 1,202 | 718 | 662 | 1,608 | 6,310 | 6,616 | 787 | 1,070 |
NON-CASH FINANCING AND INVESTING ACTIVITIES: | ||||||||
Accrued purchases of property and equipment | ||||||||
265 | 446 | 210 | 185 | 3 | 12 | 613 | 430 | 14 |
Capital lease financing | ||||||||
- | - | 810 | - | - | 888 | 66 | 27 | 1,001 |
Unrealized (loss) gain on pension liability included in comprehensive (loss) income | ||||||||
- | 7,368 | 717 | -2,219 | 1,310 | -53 | -4,593 | 340 | 353 |
Investment in joint venture | ||||||||
- | - | - | - | - | 396 | - | - | - |