| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 |
|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||||
Net loss | ||||||||
-26,820 | -8,010 | -12,729 | -11,453 | -1,795 | 9,400 | 36,339 | 22,951 | 12,372 |
Adjustments to reconcile net loss to net cash provided by (used in) operating activities: | ||||||||
Loss on disposal of assets | ||||||||
-44 | -44 | -67 | -12 | 585 | -33 | -1 | -51 | 0 |
Release of net payable to client related to contract termination | ||||||||
0 | 9,860 | 0 | 0 | - | - | - | - | - |
Release of estimated liability for appeals due to termination of contract | ||||||||
0 | 18,531 | 0 | 0 | - | - | - | - | - |
Derecognition of subcontractor receivable for appeals due to termination of contract | ||||||||
0 | 5,535 | 0 | 0 | - | - | - | - | - |
Derecognition of subcontractor receivable for overturned claims | ||||||||
0 | 1,536 | 0 | 0 | - | - | - | - | - |
Provision for doubtful account for subcontractor receivable | ||||||||
0 | 1,868 | 0 | 0 | - | - | - | - | - |
Goodwill and Intangible Asset Impairment | ||||||||
7,200 | 2,988 | 1,081 | 15,438 | 236 | - | - | - | - |
Impairment of intangible asset | ||||||||
- | - | - | - | - | - | - | - | 13,400 |
Depreciation and amortization | ||||||||
8,536 | 10,234 | 10,888 | 13,380 | 13,132 | 12,450 | 10,655 | 9,505 | 7,766 |
ROU asset amortization | ||||||||
2,589 | 0 | - | - | - | - | - | - | - |
Gain on lease modification | ||||||||
137 | 0 | - | - | - | - | - | - | - |
Deferred Income Tax Expense (Benefit) | ||||||||
13 | 490 | 3,733 | -6,912 | -2,943 | -1,703 | -1,708 | -1,826 | -9,640 |
Stock-based compensation | ||||||||
2,311 | 2,750 | 3,740 | 4,713 | 5,009 | 3,707 | 2,994 | 1,614 | 120 |
Interest expense from debt issuance costs | ||||||||
1,286 | 1,221 | 1,336 | 1,264 | 1,242 | 1,177 | 1,247 | 1,272 | 1,254 |
Earnout mark-to-market | ||||||||
-1,223 | -218 | 0 | 0 | - | - | - | - | - |
Write-off of unamortized debt issuance costs | ||||||||
- | - | 1,049 | 468 | 0 | 0 | - | 335 | 0 |
Interest expense paid in kind | ||||||||
- | - | 331 | 0 | 0 | - | - | - | - |
Interest income on notes receivable from stockholders | ||||||||
- | - | - | - | - | - | - | 57 | 108 |
Changes in operating assets and liabilities: | ||||||||
Trade accounts receivable | ||||||||
6,291 | 6,695 | 1,010 | -6,481 | 2,918 | -4,602 | -3,395 | 3,646 | 5,392 |
Contract assets | ||||||||
1,339 | 0 | - | - | - | - | - | - | - |
Prepaid expenses and other current assets | ||||||||
-91 | -895 | -8 | -247 | 374 | 8,159 | 1,524 | -416 | 94 |
Income tax receivable | ||||||||
-15 | -6,660 | 4,812 | 2,027 | -4,394 | 4,394 | 0 | 0 | - |
Other assets | ||||||||
-40 | -69 | 148 | 740 | -174 | -57 | -451 | 71 | -372 |
Accrued salaries and benefits | ||||||||
367 | 220 | 254 | -446 | -619 | -6,446 | 2,538 | 2,150 | 2,542 |
Accounts payable | ||||||||
1,130 | -445 | 890 | -301 | -441 | -1,013 | 980 | 1,343 | -3 |
Deferred revenue and other current liabilities | ||||||||
-895 | -657 | -1,062 | -656 | -1,766 | 1,873 | -2,941 | -1,223 | 4,714 |
Income taxes payable | ||||||||
- | - | 0 | -895 | 895 | -103 | -327 | -40 | 470 |
Estimated liability for appeals and disputes | ||||||||
808 | -76 | -488 | 187 | 493 | - | - | - | - |
Net payable to client | ||||||||
0 | -2,940 | -274 | -1,326 | - | - | - | - | - |
Lease liabilities | ||||||||
-2,786 | 0 | - | - | - | - | - | - | - |
Net payable to client | ||||||||
0 | -2,940 | -274 | -1,326 | - | - | - | - | - |
Deferred revenue | ||||||||
- | - | - | - | - | - | -2,187 | -27 | 2,214 |
Estimated liability for appeals | ||||||||
- | - | - | - | - | 3,342 | 10,905 | 3,928 | 450 |
Net payable to client | ||||||||
- | - | - | - | 2,290 | 12,110 | 0 | 0 | - |
Other liabilities | ||||||||
-362 | 773 | 120 | 350 | -253 | 933 | 388 | 330 | -1,452 |
Net Cash Provided by (Used in) Operating Activities | ||||||||
-15,400 | -12,100 | 2,974 | 17,784 | 16,171 | 27,866 | 61,206 | 37,005 | 28,985 |
Cash flows from investing activities: | ||||||||
Proceeds from sale of property, equipment, and leasehold improvements | ||||||||
- | - | - | - | 1,268 | 0 | 0 | - | - |
Purchase of property, equipment, and leasehold improvements | ||||||||
4,856 | 7,645 | 7,259 | 7,866 | 7,895 | 10,146 | 12,503 | 11,356 | 6,111 |
Premiere Credit of North America, LLC cash acquired | ||||||||
0 | -2,285 | 0 | 0 | - | - | - | - | - |
Purchase of perpetual software license and computer equipment | ||||||||
- | - | - | - | - | - | - | 837 | 0 |
Net cash used in investing activities | ||||||||
-4,856 | -5,360 | -7,259 | -7,866 | -6,627 | -10,146 | -12,503 | -12,193 | -6,111 |
Cash flows from financing activities: | ||||||||
Borrowing under notes payable | ||||||||
- | - | - | - | - | - | - | 156,000 | 0 |
Borrowing under line of credit | ||||||||
- | - | - | - | - | - | - | 4,500 | 0 |
Redemption of preferred stock | ||||||||
- | - | - | - | - | - | - | 60,286 | 0 |
Repayment of notes payable | ||||||||
2,488 | 2,200 | 55,513 | 39,076 | 17,537 | 21,509 | 14,465 | 103,416 | 13,948 |
Restricted cash for repayment of notes payable | ||||||||
- | - | - | - | - | 0 | - | - | - |
Repayment of line of credit | ||||||||
- | - | - | - | - | - | - | 12,698 | 0 |
Debt issuance costs paid | ||||||||
81 | 27 | 934 | 1,181 | 0 | 653 | 0 | 3,074 | 0 |
Taxes paid related to net share settlement of stock awards | ||||||||
466 | 663 | 385 | 266 | 90 | 0 | 0 | - | - |
Proceeds from exercise of stock options | ||||||||
34 | 200 | 200 | 337 | 37 | 610 | 1,768 | 175 | 0 |
Borrowings from notes payable | ||||||||
21,000 | 4,000 | 44,000 | 0 | 0 | - | - | - | - |
Income tax benefit from employee stock awards | ||||||||
- | - | 0 | 103 | 22 | 3,221 | 9,060 | - | - |
Proceeds from issuance of stock | ||||||||
- | - | - | - | - | - | - | - | 0 |
Proceeds from issuance of stock | ||||||||
- | - | - | - | - | - | - | 12,624 | 0 |
Repayment of promissory notes from stockholders | ||||||||
- | - | - | - | - | - | - | 2,323 | - |
Income tax benefit from employee stock options | ||||||||
- | - | - | - | - | - | - | 615 | 0 |
Payment to stockholders | ||||||||
- | - | - | - | - | - | - | 1,761 | 0 |
Purchase of treasury stock | ||||||||
- | - | - | - | - | - | - | 1,225 | 0 |
Payment of purchase obligation | ||||||||
- | - | 0 | 554 | 1,123 | 1,000 | 1,000 | 750 | 0 |
Net cash provided by financing activities | ||||||||
17,999 | 1,297 | -12,677 | -40,637 | -18,691 | -19,331 | -4,637 | -6,973 | -13,948 |
Effect of foreign currency exchange rate changes on cash | ||||||||
0 | -32 | -3 | 21 | 31 | - | - | - | - |
Net decrease in cash, cash equivalents and restricted cash | ||||||||
-2,280 | -16,244 | -16,965 | -30,698 | -9,116 | - | - | - | - |
Reconciliation of the consolidated statements of cash flows to the consolidated balance sheets: | ||||||||
Effect of foreign currency exchange rate changes on cash | ||||||||
- | - | - | - | - | 0 | 0 | - | - |
Net decrease in cash and cash equivalents | ||||||||
- | - | - | - | - | -1,611 | 44,066 | 17,839 | 8,926 |
Non-cash investing activities: | ||||||||
Cash paid for income taxes | ||||||||
- | - | - | - | - | - | - | 18,037 | 15,830 |
Cash paid for interest | ||||||||
- | - | - | - | 7,650 | 8,978 | 10,294 | 11,178 | 12,246 |
Cash paid as debt extinguishment | ||||||||
- | - | - | - | - | - | - | 3,344 | 0 |
Recognition of contingent consideration in acquisition | ||||||||
0 | 2,154 | 0 | 0 | - | - | - | - | - |
Non-cash financing activities: | ||||||||
Recognition of shares issued in acquisition | ||||||||
0 | 2,420 | 0 | 0 | - | - | - | - | - |
Recognition of earnout shares issued | ||||||||
176 | 0 | - | - | - | - | - | - | - |
Recognition of warrant issued in debt financing | ||||||||
1,165 | 249 | 3,302 | 0 | 0 | - | - | - | - |
Supplemental disclosures of cash flow information: | ||||||||
Cash received for income taxes | ||||||||
-202 | -6,228 | -353 | 5,273 | -2,726 | 10,185 | 17,396 | - | - |
Cash paid for interest | ||||||||
6,304 | 3,477 | 4,284 | 6,156 | - | - | - | - | - |
Obligation payable to sellers of perpetual license | ||||||||
- | - | - | - | - | - | - | 3,250 | 0 |
Issuance of common stock as part of debt issuance costs | ||||||||
- | - | - | - | - | - | - | 2,796 | 0 |