| 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 (loss) | |||||||||
-54,847 | -6,359 | -5,946 | 1,857 | -13,467 | -10,706 | -111,029 | -14,379 | -12,893 | -11,824 |
Less: Loss from discontinued operations | |||||||||
- | - | -48 | -296 | -403 | -1,862 | -17,779 | -2,429 | 0 | -3,650 |
Loss from continuing operations | |||||||||
-54,847 | -6,359 | -5,898 | 2,153 | -13,064 | -8,844 | -93,250 | -11,950 | -12,893 | -8,174 |
Adjustments to reconcile net income (loss) to net cash provided by operating activities: | |||||||||
Depreciation and amortization | |||||||||
24,562 | 26,698 | 10,541 | 10,432 | 10,655 | 11,333 | 11,102 | 8,863 | 4,759 | 4,205 |
Impairment charges and other | |||||||||
-68,397 | 99 | -749 | -500 | -2,104 | -126 | - | - | - | - |
Gain on Omnifrio settlement | |||||||||
- | 1,191 | - | 0 | - | - | - | - | - | - |
Stock-based compensation expense | |||||||||
3,683 | 5,761 | 7,975 | 2,601 | 4,023 | 1,034 | 1,252 | 984 | 685 | 298 |
Non-cash interest expense | |||||||||
2,639 | -69 | 429 | 110 | 2,776 | 1,162 | 2,002 | 1,024 | 1,162 | 696 |
Change in fair value of warrant liability | |||||||||
- | 3,220 | -240 | 0 | - | - | - | - | - | - |
Bad debt expense | |||||||||
635 | 198 | 18 | - | - | - | - | 417 | 67 | 166 |
Deferred income tax benefit | |||||||||
-8,907 | -3,149 | - | - | - | - | - | - | - | - |
Deferred income tax (benefit) expense | |||||||||
- | - | - | 0 | - | - | -961 | 961 | 0 | 0 |
Issuance of DS Services' common stock warrant | |||||||||
- | - | - | - | 589 | 0 | - | - | - | - |
Realized foreign currency exchange (gain) loss and other, net | |||||||||
-300 | 65 | -127 | -387 | 62 | 132 | - | - | - | - |
Goodwill impairment | |||||||||
- | - | - | - | - | - | 82,013 | 0 | - | - |
Other | |||||||||
- | - | - | - | - | - | -263 | 275 | 10 | -2 |
Changes in operating assets and liabilities: | |||||||||
Accounts receivable | |||||||||
1,956 | 4,636 | -218 | 2,303 | 1,228 | -2,464 | -2,253 | 6,691 | 1,891 | -1,164 |
Inventories | |||||||||
3,817 | -14 | -518 | 306 | 528 | -1,205 | 1,257 | 2,634 | 1,202 | -969 |
Prepaid expenses and other current assets | |||||||||
3,162 | 532 | 1,129 | -655 | -90 | 308 | 100 | 1,047 | 518 | 782 |
Accounts payable | |||||||||
5,301 | 5,213 | 316 | -420 | 2,299 | -437 | 943 | 4,874 | 1,539 | 198 |
Accrued expenses and other current liabilities | |||||||||
-133 | -7,430 | 2,751 | -255 | 769 | -970 | 1,602 | -2,697 | 431 | -714 |
Net cash provided by operating activities | |||||||||
32,695 | 17,574 | 16,375 | 13,554 | 8,423 | 6,633 | 5,862 | -8,171 | -7,871 | -1,972 |
Cash flows from investing activities: | |||||||||
Purchases of property and equipment, net | |||||||||
20,382 | 17,012 | 9,859 | 5,354 | 5,449 | 4,793 | 4,038 | 16,843 | 4,938 | 1,589 |
Purchases of bottles, net of disposals | |||||||||
-3,116 | -3,588 | -2,661 | -2,488 | -2,473 | -2,507 | -1,291 | -2,367 | 1,480 | 835 |
Proceeds from the sale of property and equipment | |||||||||
278 | 209 | 32 | 108 | 727 | 38 | 81 | 25 | 0 | 22 |
Proceeds from redemption of investment in Glacier securities | |||||||||
6,277 | - | - | - | - | - | - | - | - | - |
Acquisitions, net cash acquired | |||||||||
920 | 65 | 150,740 | 0 | 0 | - | - | 1,576 | 74,474 | 0 |
Additions to intangible assets | |||||||||
88 | 63 | 55 | 16 | 33 | 45 | 663 | 439 | 75 | 48 |
Net cash used in investing activities | |||||||||
-17,951 | -20,519 | -163,283 | -7,750 | -7,228 | -7,307 | -5,911 | -21,200 | -80,967 | -2,450 |
Cash flows from financing activities: | |||||||||
Issuance of long-term debt | |||||||||
- | - | - | - | - | - | - | - | 33,668 | 20,350 |
Payments under Revolving Credit Facilities | |||||||||
- | - | - | - | - | - | - | - | 31,668 | 0 |
Borrowings under prior revolving credit facility | |||||||||
- | - | - | - | - | - | - | 36,126 | - | - |
Payments under prior revolving credit facility | |||||||||
- | - | - | - | - | - | - | 39,538 | - | - |
Net borrowings from (payments on) prior revolving line of credit | |||||||||
- | - | - | - | - | - | - | - | 489 | -6,580 |
Payments under prior Revolving Credit Facility | |||||||||
- | - | - | - | 47,498 | 95,067 | 53,617 | 0 | 0 | 0 |
Borrowings under Term loans | |||||||||
- | - | - | 0 | 22,500 | 5,500 | 15,150 | 0 | - | - |
Payments under Term loans | |||||||||
4,750 | - | - | - | - | - | - | - | - | - |
Payments under prior Term loans | |||||||||
184,140 | 1,860 | 20,000 | 0 | 23,499 | 0 | - | - | - | - |
Payments upon redemption of Junior Subordinated Debentures | |||||||||
87,629 | - | - | - | - | - | - | - | - | - |
Capital lease payments | |||||||||
1,566 | 1,782 | 321 | 203 | 147 | 15 | 14 | 15 | 8 | 5,353 |
Proceeds from common stock issuance, net of costs | |||||||||
70,791 | - | - | - | - | - | - | - | - | - |
Proceeds from warrant exercises, net | |||||||||
12,176 | 88 | 231 | - | - | - | - | - | - | - |
Proceeds from sale of common stock, net of issuance costs | |||||||||
- | - | - | - | - | - | -491 | 39,444 | 104,194 | 0 |
Stock option and employee stock purchase activity | |||||||||
-1,827 | -1,263 | -362 | -159 | -198 | 801 | -39 | -392 | 65 | 2 |
Payments for taxes related to net share settlement of equity awards | |||||||||
11,017 | 4,459 | 1,396 | - | - | - | - | - | - | - |
Debt issuance costs and other | |||||||||
1,676 | 269 | 4,182 | 0 | 640 | -130 | 2,203 | 813 | 1,453 | 636 |
Net change in book overdraft | |||||||||
- | - | - | - | - | - | - | - | 0 | -147 |
Prepaid equity issuance costs | |||||||||
- | - | - | - | - | - | - | - | 0 | 105 |
Redemption of preferred stock | |||||||||
- | - | - | - | - | - | - | - | 11,640 | 0 |
Dividends paid | |||||||||
- | - | - | - | - | - | - | - | 4,370 | 1,257 |
Net cash used in financing activities | |||||||||
-12,984 | -7,019 | 160,694 | -4,044 | -733 | 882 | 5,058 | 35,596 | 89,277 | 6,274 |
Cash (used) provided by discontinued operations from: | |||||||||
Operating activities | |||||||||
- | - | - | - | - | - | -5,226 | -2,608 | 0 | -1,514 |
Investing activities | |||||||||
- | - | - | - | - | - | -309 | -3,263 | 0 | -41 |
Financing activities | |||||||||
- | - | - | - | - | - | - | 0 | 0 | -813 |
Cash used in operating activities of discontinued operations | |||||||||
- | - | -105 | -154 | -259 | 56 | -5,535 | -5,871 | 0 | -2,368 |
Effect of exchange rate changes on cash and cash equivalents | |||||||||
-45 | -36 | 79 | -275 | -102 | -104 | 9 | -46 | 4 | 0 |
Net (decrease) increase in cash and cash equivalents | |||||||||
1,715 | -10,000 | 13,760 | 1,331 | 101 | 160 | 5,009 | 6,225 | 439 | 1,852 |
Revolving Credit Facility [Member] | |||||||||
Borrowings under Revolving Credit Facility | |||||||||
18,600 | - | - | - | - | - | - | - | - | - |
Payments under Revolving Credit Facility | |||||||||
15,600 | - | - | - | - | - | - | - | - | - |
Prior Revolving Credit Facility [Member] | |||||||||
Borrowings under Revolving Credit Facility | |||||||||
14,000 | 2,500 | 34,400 | - | 48,353 | 91,135 | 46,194 | 0 | 0 | 0 |
Payments under Revolving Credit Facility | |||||||||
14,000 | 2,500 | 34,400 | - | - | - | - | - | - | - |
Term Loan [Member] | |||||||||
Borrowings under Term loan | |||||||||
190,000 | - | - | - | - | - | - | - | - | - |
Borrowings under prior Term loan | |||||||||
190,000 | - | - | - | - | - | - | - | - | - |
Prior Term Loan [Member] | |||||||||
Borrowings under Term loan | |||||||||
- | - | 186,000 | - | - | - | - | - | - | - |
Borrowings under prior Term loan | |||||||||
- | - | 186,000 | - | - | - | - | - | - | - |