| Dec'19 | Dec'18 | Dec'17 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 |
|---|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||||||
Net (loss) income | ||||||||||
4,058 | 2,715 | 2,010 | 2,010 | 1,758 | 6,015 | 6,814 | 1,990 | 3,227 | 4,278 | 5,795 |
Adjustments to reconcile net income to net cash provided by (used in) operating activities: | ||||||||||
Depreciation and amortization | ||||||||||
1,588 | 1,567 | 1,757 | 1,757 | 1,569 | 1,467 | 1,203 | 1,111 | 1,321 | 1,149 | 1,383 |
Loss on sale of business unit | ||||||||||
- | - | - | - | - | -121 | 0 | - | - | - | - |
Imputed interest on contingent consideration | ||||||||||
61 | 47 | 781 | 781 | 285 | 0 | -129 | -92 | -135 | - | - |
Goodwill impairment | ||||||||||
- | - | 3,478 | 3,478 | 0 | - | - | - | - | - | - |
Loss on disposal of fixed assets | ||||||||||
- | - | - | - | - | - | - | - | - | -1 | - |
Loss on disposal of fixed assets | ||||||||||
- | - | - | - | - | - | - | - | - | - | -269 |
Gain on sale of discontinued operations | ||||||||||
- | - | - | - | - | - | - | - | - | - | 143 |
Share-based compensation expense | ||||||||||
806 | 544 | 770 | 770 | 901 | 1,446 | 806 | 849 | 169 | 110 | 317 |
Provision for losses on accounts receivable | ||||||||||
322 | 1,106 | 210 | 210 | 616 | 1,021 | 938 | -531 | 117 | 165 | 93 |
Deferred income tax (benefit) expense | ||||||||||
-1,104 | -1,430 | 2,336 | 2,336 | -463 | -1,322 | -1,906 | 634 | -781 | -864 | - |
Changes in assets and liabilities: | ||||||||||
Deferred income tax expense | ||||||||||
- | - | - | - | - | - | - | - | - | - | 403 |
Accounts receivable | ||||||||||
7,626 | 7,681 | 459 | 459 | -5,427 | -4,261 | 4,934 | 12,473 | 4,693 | -2,005 | -5,250 |
Prepaid expenses and other current assets | ||||||||||
645 | 170 | 293 | 293 | -1,228 | 2,225 | 494 | -46 | -160 | 411 | -782 |
Net of transit accounts receivable and payable | ||||||||||
2,311 | -392 | -1,330 | -1,330 | -3,220 | 4,216 | -156 | -6,073 | 6,981 | 3,029 | - |
Accounts payable and accrued expenses | ||||||||||
-3,085 | 1,021 | -318 | -318 | -290 | -80 | -2,988 | 3,676 | 370 | -939 | -1,255 |
Transit accounts payable | ||||||||||
2,018 | -2,108 | -2,160 | -2,160 | -2,254 | 2,893 | 2,753 | -8,052 | 8,958 | 3,030 | - |
Accrued payroll and related costs | ||||||||||
-1,342 | 1,335 | 483 | 483 | -1,473 | 837 | -2,321 | 3,951 | 376 | -1,097 | 308 |
Right of use assets and liabilities | ||||||||||
236 | - | - | - | - | - | - | - | - | - | - |
Income taxes payable | ||||||||||
38 | -262 | -182 | -182 | 185 | -381 | 456 | 294 | -106 | 344 | 138 |
Total adjustments | ||||||||||
-8,836 | -2,779 | 3,061 | 3,061 | 9,877 | 6,466 | -2,648 | -5,782 | 337 | 2,192 | 7,545 |
Net cash provided by (used in) operating activities | ||||||||||
-4,778 | -64 | 5,071 | 5,071 | 11,635 | 12,481 | 4,166 | -3,792 | 3,564 | 6,470 | 13,340 |
Cash flows from investing activities: | ||||||||||
Property and equipment acquired | ||||||||||
367 | 1,518 | 1,040 | 1,040 | 846 | 2,790 | 2,091 | 1,406 | 511 | 274 | 101 |
Decrease in deposits | ||||||||||
4 | 1 | 0 | - | 15 | 3 | -70 | 84 | -45 | -16 | 30 |
Cash payments for business acquired | ||||||||||
- | - | - | - | - | 800 | 0 | - | 1,292 | - | - |
Cash from sale of business unit | ||||||||||
- | - | - | - | - | 551 | 0 | - | - | - | - |
Contingent cash paid to acquisitions from a prior year | ||||||||||
- | - | - | - | - | - | - | - | - | 128 | - |
Cash from sale of discontinued operations | ||||||||||
- | - | - | - | - | - | - | - | - | - | 400 |
Cash payments for business acquired | ||||||||||
- | 1,066 | 763 | 763 | 0 | - | - | - | - | - | - |
Net cash used in investing activities | ||||||||||
-363 | -2,583 | -1,803 | -1,803 | -831 | -3,036 | -2,161 | -1,322 | -1,848 | -418 | 329 |
Cash flows from financing activities: | ||||||||||
Borrowings under line of credit | ||||||||||
95,554 | 90,329 | 92,918 | 92,918 | 83,605 | 58,276 | 20,000 | - | - | - | - |
Repayments under line of credit | ||||||||||
88,332 | 90,068 | 79,950 | 79,950 | 90,294 | 57,276 | - | - | - | - | - |
Issuance of stock for employee stock purchase plan | ||||||||||
321 | 385 | 394 | 394 | 368 | 373 | 339 | 259 | 128 | 168 | 149 |
Payments of finance lease obligations | ||||||||||
318 | - | - | - | - | - | - | - | - | - | - |
Exercise of stock options | ||||||||||
- | - | 65 | 65 | 15 | 19 | 776 | 114 | 912 | 113 | 102 |
Effect of (reduced) excess tax deduction on equity awards | ||||||||||
- | - | - | - | - | 15 | -15 | - | - | - | - |
Common stock repurchases | ||||||||||
- | - | 365 | 365 | 4,257 | 2,836 | 29 | 83 | - | - | 206 |
Dividends paid to shareholders | ||||||||||
- | - | 12,194 | 12,194 | 0 | 12,529 | 25,344 | - | 12,335 | - | - |
Contingent consideration paid | ||||||||||
598 | 300 | 1,694 | 1,694 | 993 | - | - | - | - | - | - |
Common stock repurchases | ||||||||||
- | - | - | - | - | - | - | - | -4,704 | -2,507 | - |
Contingent consideration paid | ||||||||||
- | - | - | - | - | 200 | 313 | 0 | - | - | - |
Net cash (used in) provided by financing activities | ||||||||||
6,627 | 346 | -826 | -826 | -11,556 | -14,188 | -4,556 | 290 | -15,999 | -2,226 | 45 |
Effect of exchange rate changes on cash and cash equivalents | ||||||||||
-121 | -68 | 130 | 130 | 46 | -683 | -355 | 18 | -11 | -113 | 48 |
(Decrease) increase in cash and cash equivalents | ||||||||||
1,365 | -2,369 | 2,572 | 2,572 | -706 | -5,426 | -2,906 | -4,806 | -14,294 | 3,713 | 13,762 |
Supplemental cash flow information: | ||||||||||
Interest | ||||||||||
1,657 | 1,160 | 500 | 500 | 464 | - | - | - | - | - | - |
Interest | ||||||||||
- | - | - | - | - | 488 | 69 | 66 | 42 | 35 | 74 |
Income taxes | ||||||||||
290 | 350 | 522 | 522 | 927 | 821 | 1,769 | 1,702 | 1,939 | 1,840 | 1,669 |
Non-cash investing activities: | ||||||||||
Contingent consideration relating to acquisitions | ||||||||||
- | 2,935 | - | 1,774 | - | - | - | - | - | - | - |
Value of shares issued pursuant to acquisition | ||||||||||
- | 1,878 | - | - | - | - | - | - | - | - | - |
Net liabilities assumed pursuant to acquisition | ||||||||||
- | 750 | - | 122 | - | - | - | - | - | - | - |
Non-cash consideration for business acquisition | ||||||||||
- | - | 1,896 | - | 695 | 746 | 766 | - | - | - | - |
Non-cash financing activities: | ||||||||||
Decrease goodwill | ||||||||||
- | - | - | - | - | - | - | - | - | - | 840 |
Decrease accounts payable and accrued expenses | ||||||||||
- | - | - | - | - | - | - | - | - | - | 313 |
Contingent consideration recorded at date of acquisition | ||||||||||
- | - | - | - | - | - | - | - | 930 | - | 527 |
Above market value lease assumed in acquisition | ||||||||||
- | - | - | - | - | - | - | - | 469 | - | - |
Fixed assets acquired in acquisition | ||||||||||
- | - | - | - | - | - | 26 | - | 28 | - | - |
Dividend declared but unpaid on unvested restricted share units | ||||||||||
- | - | - | - | - | 209 | 1,000 | - | 350 | - | - |
Dividends forfeited on unvested forfeited restricted share units | ||||||||||
- | - | - | - | - | 10 | 0 | -32 | - | - | - |
Vesting of restricted stock units | ||||||||||
436 | 109 | 1,294 | 1,294 | 473 | 1,857 | 0 | 334 | - | - | - |
Equipment purchases under finance leases | ||||||||||
126 | - | - | - | - | - | - | - | - | - | - |