| Dec'19 | 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 loss | ||||||||||
-18,786 | -62,314 | -16,197 | -11,297 | -16,660 | 15,983 | 16,544 | 12,021 | 9,752 | -15,276 | -19,620 |
Adjustments to reconcile net loss to net cash provided by operations: | ||||||||||
Change in fair value of preferred stock derivatives | ||||||||||
- | - | - | - | - | - | - | - | - | -17,190 | -21,009 |
Depreciation and amortization | ||||||||||
31,129 | 33,154 | 30,845 | 33,556 | 32,471 | 29,462 | 21,049 | 17,534 | 14,584 | 14,983 | 12,554 |
Impairment of goodwill and intangibles | ||||||||||
- | - | - | - | 12,592 | 2,719 | - | - | - | - | - |
Impairment of intangibles | ||||||||||
- | - | - | 397 | - | - | - | - | - | - | - |
Impairment of goodwill | ||||||||||
- | - | - | - | - | - | - | - | - | - | 2,898 |
Stock-based compensation | ||||||||||
8,621 | 4,712 | 3,703 | 3,389 | 3,660 | 4,252 | 2,963 | 2,502 | 1,534 | 437 | 277 |
Amortization of deferred financing costs | ||||||||||
352 | 184 | 217 | 135 | 171 | 197 | 525 | 102 | 95 | 147 | 352 |
Deferred taxes | ||||||||||
4,643 | -5,263 | 3,917 | -1,830 | -1,995 | -2,664 | -2,760 | - | - | - | - |
Change in fair value of earn-out/contingent consideration | ||||||||||
2,499 | 3,543 | -320 | -1,279 | - | - | - | - | - | - | - |
Accretion of discount of contingent consideration payable for acquisitions | ||||||||||
-341 | -450 | -624 | -498 | - | - | - | - | - | - | - |
Impairment of property, plant and equipment | ||||||||||
- | - | - | - | 1,670 | 0 | - | - | - | - | - |
Impairment of property, plant and equipment | ||||||||||
- | - | - | - | - | - | 502 | - | - | - | - |
Deferred taxes | ||||||||||
- | - | - | - | - | - | - | -1,383 | -3,046 | -1,428 | -818 |
(Gain) loss on sales of property, plant and equipment, net of retirements | ||||||||||
4,240 | -331 | -55 | 153 | 41 | 44 | -66 | 131 | 165 | -294 | -111 |
Changes in operating assets and liabilities, net of effect of acquisition: | ||||||||||
Accounts receivable, net | ||||||||||
-160 | 15,254 | -203 | -18,347 | -10,868 | 15,054 | 5,507 | 877 | 10,297 | 3,243 | -3,717 |
Costs and estimated earnings in excess of billings on uncompleted contracts (CIEB) | ||||||||||
5,904 | 4,103 | -122 | -4,378 | - | - | - | - | - | - | - |
Costs and estimated earnings in excess of billings on uncompleted contracts | ||||||||||
- | - | - | - | -3,803 | -6,631 | 10,168 | - | - | - | - |
Prepaid expenses and other assets | ||||||||||
-2,155 | 1,026 | -4,659 | -392 | 769 | 4,908 | -2,307 | -1,133 | 312 | -655 | 633 |
Right-of-use lease asset | ||||||||||
1,724 | - | - | - | - | - | - | - | - | - | - |
Accounts payable | ||||||||||
7,481 | 7,527 | 2,733 | 129 | -4,916 | -7,643 | 1,413 | -339 | 449 | 933 | 609 |
Accrued expenses | ||||||||||
594 | 279 | 3,601 | -8,579 | -1,404 | 11,260 | 3,240 | 2,537 | 778 | -853 | 4,849 |
GX dispute | ||||||||||
50,000 | -50,612 | - | - | - | - | - | - | - | - | - |
Deferred revenue and other current liabilities | ||||||||||
-1,249 | -1,565 | -4,933 | - | - | - | - | - | - | - | - |
Deferred revenue and other assets | ||||||||||
- | - | - | -1,150 | -82 | - | - | - | - | - | - |
Deferred revenue | ||||||||||
- | - | - | - | - | -1,549 | -3,383 | -4,302 | 369 | -24 | -509 |
Right-of-use lease liability | ||||||||||
-1,282 | - | - | - | - | - | - | - | - | - | - |
Other liabilities | ||||||||||
-136 | -5,149 | -9,867 | 2,241 | -2,334 | 5,121 | 1,254 | 3,458 | 2,851 | 6,081 | 1,393 |
Payout of TECNOR contingent consideration - inception to date change in fair value portion | ||||||||||
- | 1,575 | - | - | - | - | - | - | - | - | - |
Net cash (used in) provided by operating activities | ||||||||||
- | - | - | - | 37,034 | 43,763 | 28,045 | 32,255 | - | - | - |
Net cash provided by operating activities | ||||||||||
-20,284 | 7,673 | 29,228 | 39,174 | - | - | - | - | 16,592 | 19,896 | 26,189 |
Cash flows from investing activities: | ||||||||||
Acquisitions (net of cash acquired) | ||||||||||
- | 5,208 | 32,205 | 4,841 | - | 26,483 | 85 | 42,555 | - | - | - |
Capital expenditures | ||||||||||
22,374 | 30,072 | 18,284 | 13,641 | 34,262 | 40,173 | 30,187 | 21,864 | 19,220 | 13,481 | 10,173 |
Proceeds from sales of property, plant and equipment | ||||||||||
5,831 | 1,082 | 499 | 194 | 280 | 754 | 462 | 355 | 224 | 32 | 93 |
Increase (decrease) in restricted cash | ||||||||||
- | - | - | - | -657 | -568 | -966 | 2,699 | -10,000 | - | 9,225 |
Net cash used in investing activities | ||||||||||
- | - | - | - | -33,325 | -65,334 | -28,844 | -66,763 | - | - | - |
Net cash used in investing activities | ||||||||||
-16,543 | -34,198 | -49,990 | -18,288 | - | - | - | - | -8,996 | -13,449 | -19,305 |
Cash flows from financing activities: | ||||||||||
Issuance of common stock upon the exercise of stock options and the vesting of restricted stock | ||||||||||
5 | 970 | 916 | 1,680 | - | - | - | - | - | - | - |
Proceeds from issuance of common stock net of stock witheld to cover employee taxes on stock-based compensation | ||||||||||
- | - | - | - | 1,055 | 1,585 | 4,998 | 897 | 4,638 | 36,398 | 137 |
Stock withheld to cover employee taxes on stock-based compensation | ||||||||||
1,423 | 1,154 | 116 | - | - | - | - | - | - | - | - |
Repurchase of restricted shares from employees | ||||||||||
- | - | - | - | - | - | - | 88 | - | - | - |
Payment of stock appreciation rights | ||||||||||
- | - | - | - | - | - | - | 500 | - | - | - |
Payment of preferred stock dividends | ||||||||||
- | - | - | - | - | - | - | - | - | 197 | - |
Subsidiary distributions to non-controlling interest | ||||||||||
276 | 157 | 76 | 197 | 314 | 294 | 217 | 184 | 234 | 271 | 335 |
Payout of TECNOR contingent consideration - fair value on acquisition date portion | ||||||||||
- | 6,425 | - | - | - | - | - | - | - | - | - |
Proceeds from borrowings | ||||||||||
49,498 | 23,750 | 15,000 | - | - | 35,000 | 5,457 | 47,238 | 75 | - | - |
Redemption of redeemable, non-controlling interest | ||||||||||
- | - | - | - | - | - | - | - | - | 4,651 | 4,763 |
Proceeds from borrowings | ||||||||||
- | - | - | - | - | - | - | - | - | 11,067 | 35,000 |
Repayments of long-term debt | ||||||||||
19,220 | 5,129 | 18,171 | 16,560 | 8,623 | 8,649 | 7,157 | 9,164 | 8,789 | 8,811 | 40,440 |
Payment of financing fees | ||||||||||
486 | - | 400 | 100 | - | - | 801 | 492 | - | 55 | 373 |
Excess tax benefits from stock-based compensation | ||||||||||
- | - | - | 175 | -635 | - | - | - | - | - | - |
Net cash provided by (used in) financing activities | ||||||||||
28,098 | 11,855 | -2,847 | -15,352 | - | - | - | - | -4,310 | 33,480 | -10,774 |
Net change in cash and cash equivalents | ||||||||||
-8,729 | -14,670 | -23,609 | 5,534 | - | - | - | - | - | - | - |
Excess tax benefits from stock-based compensation | ||||||||||
- | - | - | - | - | 2,894 | 922 | - | - | - | - |
Net cash used in financing activities | ||||||||||
- | - | - | - | -7,247 | 30,536 | 3,202 | 37,707 | - | - | - |
Net change in cash and cash equivalents | ||||||||||
- | - | - | - | -3,538 | - | - | - | - | - | - |
Cash and cash equivalents including restricted cash: | ||||||||||
Changes in foreign currency translation | ||||||||||
-62 | 1,825 | 945 | -7,740 | - | - | - | - | - | - | - |
Supplemental disclosures: | ||||||||||
Income taxes paid | ||||||||||
4,970 | 3,967 | 2,060 | 5,337 | 9,766 | 10,596 | 10,623 | 7,660 | 5,763 | 4,444 | 2,243 |
Interest paid | ||||||||||
5,062 | 3,264 | 1,965 | 2,032 | - | - | - | - | - | - | - |
Interest paid - other | ||||||||||
- | - | - | - | - | 2,004 | 1,662 | 1,461 | 1,168 | 1,547 | - |
Interest paid | ||||||||||
- | - | - | - | 1,862 | - | - | - | - | - | 1,240 |
Property, plant and equipment acquired under finance leases | ||||||||||
556 | 108 | - | 335 | - | - | - | - | - | - | - |
Interest paid--stockholders | ||||||||||
- | - | - | - | - | - | - | - | - | - | 5,708 |
Non-cash investing - capital expenditures accrued | ||||||||||
2,508 | 2,123 | 1,672 | 2,046 | 824 | 2,396 | 2,167 | 1,508 | 2,202 | 1,162 | 1,657 |
Non-cash investing and financing - capital expenditures vendor financed | ||||||||||
2,756 | - | - | - | - | - | - | - | - | - | - |
Non-cash investing and financing - issuance of common stock for the Intelie earn-out | ||||||||||
3,000 | - | - | - | - | - | - | - | - | - | - |
Right-of-use operating lease entered into | ||||||||||
3,903 | - | - | - | - | - | - | - | - | - | - |
Changes in foreign currency translation | ||||||||||
- | - | - | - | -2,570 | -2,211 | -2,325 | 3,439 | -615 | -871 | -107 |
Non-cash investing - tenant improvement allowance | ||||||||||
- | - | 1,728 | - | - | - | - | - | - | - | - |
Non-cash investing - contingent consideration for acquisitions | ||||||||||
- | 7,600 | 3,798 | 5,673 | - | - | - | - | - | - | - |
Non-cash investing and financing - stock for acquisitions | ||||||||||
- | 11,436 | 3,304 | - | - | - | - | - | - | - | - |
Liabilities assumed - acquisitions | ||||||||||
- | 5,610 | 819 | 2,408 | - | 10,969 | - | 19,041 | - | - | - |
Net change in cash and cash equivalents | ||||||||||
- | - | - | - | - | 8,965 | 2,403 | 3,199 | 3,286 | 39,927 | -3,890 |