| Mar'20 | Dec'19 | Sep'19 | Jun'19 | Mar'19 | Dec'18 | Sep'18 | Jun'18 | Mar'18 |
|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||||
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | ||||||||
-20,725 | -7,868 | -47,428 | -11,279 | -8,861 | -1,608 | -2,352 | 2,134 | -16,356 |
Adjustments to reconcile net loss to net cash | ||||||||
Depreciation, Depletion and Amortization | ||||||||
9,894 | 10,734 | 13,229 | 13,116 | 12,440 | 12,418 | 12,032 | 11,155 | 11,078 |
Impairment expense | ||||||||
9,273 | - | - | - | 0 | - | - | - | - |
Gain on disposition of assets | ||||||||
609 | 2,828 | 2,904 | 1,895 | 3,270 | 2,529 | 2,188 | 2,610 | 458 |
Non-cash interest expense | ||||||||
88 | 88 | 89 | 87 | 87 | 88 | 89 | 91 | 764 |
Loss on debt extinguishment | ||||||||
- | - | - | - | - | 0 | 0 | 0 | -8,594 |
Provision for doubtful accounts | ||||||||
226 | 1,582 | 541 | 43 | 257 | 530 | 113 | 301 | 159 |
Deferred income tax expense | ||||||||
-31 | -144 | 19 | 27 | 40 | -42 | 134 | 0 | 0 |
Stock-based compensation | ||||||||
2,331 | 1,934 | 1,551 | 2,692 | 2,751 | 2,503 | 2,569 | 2,940 | 9,886 |
Changes in operating assets and liabilities: | ||||||||
Accounts receivable | ||||||||
-7,102 | -17,834 | 1,512 | -11,697 | -4,869 | 15,412 | -8,581 | 11,156 | 1,411 |
Unbilled receivables | ||||||||
-1,953 | -261 | -956 | -297 | -5,338 | 4,285 | -3,368 | 4,626 | -1,422 |
Inventories | ||||||||
1,844 | -1,722 | -1,682 | 370 | 1,172 | -3,039 | -1,242 | 1,262 | 3,789 |
Prepaid expenses and other current assets | ||||||||
-1,209 | -1,132 | -2,299 | -876 | -1,867 | 1,096 | -1,207 | -872 | -459 |
Other noncurrent assets | ||||||||
0 | 90 | 0 | -8 | -3 | -6 | -167 | 176 | 0 |
Accounts payable | ||||||||
2,681 | -4,690 | -338 | -7,309 | -2,078 | 6,489 | 745 | 1,905 | 1,508 |
Accrued liabilities | ||||||||
-5,875 | -3,095 | -1,376 | -1,930 | -1,518 | 2,868 | -1,110 | 2,457 | -1,448 |
Other long-term liabilities | ||||||||
0 | -14 | -11 | -7 | -99 | -14 | -31 | -8 | -7 |
Net cash provided by operating activities | ||||||||
5,673 | 16,558 | 3,012 | 6,053 | 10,654 | 2,955 | 24,566 | 2,017 | 10,401 |
Cash flows from investing activities: | ||||||||
Purchases of property, plant and equipment | ||||||||
6,735 | 6,169 | 7,557 | 9,237 | 12,284 | 11,845 | 11,918 | 30,489 | 10,705 |
Advances of deposit on equipment | ||||||||
0 | - | - | - | 354 | - | - | - | 1,709 |
Proceeds from sale of property, plant and equipment | ||||||||
795 | 3,653 | 6,637 | 2,766 | 3,754 | 3,908 | 2,925 | 2,913 | 998 |
Net cash used in investing activities | ||||||||
-5,940 | -2,516 | -920 | -6,117 | -8,884 | -7,937 | -8,993 | -25,867 | -11,416 |
Cash flows from financing activities: | ||||||||
Proceeds from revolving debt | ||||||||
20,000 | 0 | 0 | 0 | 7,500 | 4,500 | 4,000 | 18,000 | 15,000 |
Payments on revolving debt | ||||||||
9,000 | 12,000 | 2,000 | 2,000 | 0 | 5,000 | 5,000 | 0 | 81,071 |
Payments on term loans | ||||||||
- | - | - | - | - | 0 | 0 | 0 | 11,225 |
Payments on finance leases | ||||||||
698 | 683 | 682 | 503 | 122 | 100 | 98 | 92 | 90 |
Payments on financed payables | ||||||||
597 | 1,095 | 439 | 1,222 | 617 | 2,139 | 0 | 0 | 0 |
Payment of deferred financing costs | ||||||||
- | - | - | - | - | 0 | 148 | 0 | 1,416 |
Prepayment premiums on early debt extinguishment | ||||||||
- | - | - | - | - | 0 | 0 | 0 | 1,346 |
Payments for treasury shares | ||||||||
988 | 471 | 617 | 518 | 1,445 | 545 | 0 | 0 | 1,271 |
Proceeds from new shares issuance, net of underwriting commissions | ||||||||
- | - | - | - | - | 0 | 0 | 1 | 90,541 |
Payments of Stock Issuance Costs | ||||||||
- | - | - | - | - | 0 | 501 | 2,461 | 212 |
Net cash provided by financing activities | ||||||||
8,717 | -14,249 | -3,738 | -4,243 | 5,316 | -3,284 | -1,747 | 15,448 | 8,910 |
Net increase in cash and cash equivalents | ||||||||
8,450 | -207 | -1,646 | -4,307 | 7,086 | -8,266 | 13,826 | -8,402 | 7,895 |
Supplemental cash flow information | ||||||||
Cash paid for interest | ||||||||
624 | 747 | 788 | 722 | 548 | 479 | 489 | 327 | 792 |
Income taxes paid | ||||||||
0 | 7 | 400 | 78 | 6 | 15 | -61 | 151 | 0 |
Supplemental non-cash investing and financing activities | ||||||||
Fixed asset purchases in accounts payable and accrued liabilities | ||||||||
832 | 851 | 635 | 417 | 1,096 | 2,911 | 1,419 | -262 | 832 |
Financed payables | ||||||||
549 | 3,201 | 0 | 34 | 392 | 2,994 | 0 | 0 | 0 |
Non-cash finance lease additions | ||||||||
106 | 14 | 177 | 7,976 | 720 | 0 | 53 | 0 | 0 |
Non-cash payment for property, plant and equipment | ||||||||
- | - | - | - | - | 0 | 0 | 2,597 | 682 |
Debt conversion of Former Term Loan to equity | ||||||||
- | - | - | - | - | 0 | 0 | -1 | 33,632 |
Issuance of common shares for members’ equity | ||||||||
- | - | - | - | - | 0 | 0 | 0 | 212,630 |
Stock issuance cost included in accounts payable | ||||||||
- | - | - | - | - | - | - | -1,466 | 1,967 |