| Dec'19 | Dec'18 | Dec'17 | Jan'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Operations: | |||||||||||
Net income | |||||||||||
-5,995 | -448 | -7,845 | -232 | -232 | -4 | -3,878 | -12,463 | 6,879 | 1,150 | 12,350 | -3,595 |
Items not involving cash: | |||||||||||
Depreciation of property, plant and equipment | |||||||||||
6,548 | 3,791 | 3,588 | 4,110 | 4,110 | 3,967 | 3,997 | 3,883 | 3,231 | 2,794 | 2,549 | 2,877 |
Amortization of intangible assets | |||||||||||
7,188 | 1,065 | - | - | - | - | - | - | - | - | - | - |
Unrealized foreign exchange loss on unsettled forward exchange contracts | |||||||||||
- | 353 | 918 | 831 | 831 | 616 | -1,822 | -1,107 | 127 | -43 | - | - |
Gain on disposition of property, plant and equipment | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 224 |
Impairment of property, plant and equipment | |||||||||||
- | - | 1,601 | - | 0 | 0 | - | - | - | - | - | - |
Write down of property, plant and equipment | |||||||||||
158 | - | - | - | - | - | - | - | - | - | - | - |
Deferred income taxes (recovery) | |||||||||||
160 | 75 | 79 | -126 | -126 | -76 | -1,085 | -3,681 | 2,420 | -222 | 3,033 | 189 |
Amortization of deferred financing fees | |||||||||||
1,592 | 194 | 27 | 69 | 69 | 32 | 385 | 389 | 352 | 285 | 247 | - |
Stock-based compensation | |||||||||||
775 | 407 | 432 | 423 | 423 | 510 | 264 | 248 | 379 | 271 | 962 | - |
Change in fair value of warrant liability (note 4) | |||||||||||
279 | -111 | - | - | - | - | - | - | - | - | - | - |
Change in fair value of contingent consideration | |||||||||||
-3,050 | - | - | - | - | - | - | 274 | -650 | - | - | - |
Gain on sale of property, plant and equipment | |||||||||||
- | 30 | 60 | 5 | 5 | -2 | -51 | 101 | - | - | - | - |
Change in non-cash operating working capital: | |||||||||||
Non-cash interest | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 310 |
Stock-based compensation | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 582 |
Loss on extinguishment of debt (note 8) | |||||||||||
- | - | - | - | - | - | - | - | - | -300 | - | - |
Gain on acquisition of business | |||||||||||
- | - | - | - | - | - | - | - | - | 22 | - | - |
Accounts receivable | |||||||||||
-3,067 | 24,030 | 6,469 | -7,261 | -7,261 | -1,139 | 203 | -5,480 | -1,603 | -1,349 | -2,397 | -9,040 |
Unbilled contract assets | |||||||||||
5,866 | 7,949 | - | - | - | - | - | - | - | - | - | - |
Inventories | |||||||||||
-5,377 | 8,027 | 1,689 | -5,203 | -5,203 | -5,713 | -5,186 | -18,030 | 2,158 | 3,248 | 5,387 | -203 |
Prepaid expenses and other assets | |||||||||||
1,018 | 883 | -311 | 470 | 470 | -152 | 503 | -251 | 436 | -738 | -26 | -919 |
Income taxes receivable/payable | |||||||||||
305 | -179 | -142 | 132 | 132 | -49 | -213 | 94 | -158 | - | - | - |
Income taxes payable | |||||||||||
- | - | - | - | - | - | - | - | - | -466 | 160 | 36 |
Accounts payable | |||||||||||
-2,612 | 23,698 | 2,159 | -7,998 | -7,998 | 1,439 | -3,732 | -15,124 | 1,917 | 388 | 1,332 | 4,380 |
Accrued liabilities | |||||||||||
-1,875 | 4,921 | 237 | -927 | -927 | -1,483 | 734 | -2,315 | 838 | -1,771 | 2,404 | -706 |
Restructuring liability | |||||||||||
1,597 | - | - | - | - | - | - | - | - | - | - | - |
Net change in operating lease right of use asset and liability | |||||||||||
50 | - | - | - | - | - | - | - | - | - | - | - |
Net cash provided by (used in) in operating activities | |||||||||||
5,702 | -7,787 | -8,847 | 6,861 | 6,861 | 10,878 | - | - | - | 2,033 | 14,007 | -6,313 |
- | - | - | - | - | - | 4,995 | -3,434 | 9,250 | - | - | - |
Financing: | |||||||||||
Repayments of revolving credit facility | |||||||||||
9,681 | 12,829 | 9,460 | -7,990 | -7,990 | -10,649 | 1,148 | 7,326 | 442 | - | - | - |
Repayment of long-term debt | |||||||||||
-23,250 | -8,000 | -2,000 | - | 5,000 | 5,000 | 0 | - | - | - | - | - |
Net advances of long-term debt | |||||||||||
- | 62,000 | - | 5,000 | - | - | - | - | - | - | - | - |
Principal repayments of finance lease obligations | |||||||||||
1,565 | 487 | 395 | - | - | - | - | - | - | - | - | - |
Purchase treasury stock | |||||||||||
75 | - | - | - | - | - | - | - | - | - | - | - |
Increase in revolving credit facility | |||||||||||
- | - | - | - | - | - | - | - | - | 8,204 | -14,538 | - |
Increase (decrease) in revolving debt | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 9,736 |
Repayment of long-term debt | |||||||||||
- | - | - | - | - | - | - | 4,631 | 2,162 | 2,470 | 350 | 2,738 |
Principal payment of capital lease obligations | |||||||||||
- | - | - | 611 | 611 | 1,086 | 1,858 | 2,236 | 1,727 | 1,416 | 881 | 1,356 |
Proceeds from exercise of stock options | |||||||||||
46 | 361 | - | - | - | - | - | - | - | - | - | - |
Proceeds from issuance of common stock (rights offering) | |||||||||||
14,044 | 12,587 | - | - | - | - | - | - | - | - | - | - |
Deferred financing costs | |||||||||||
940 | 3,463 | 51 | - | - | - | - | - | - | - | - | - |
Proceeds from issuance of common stock | |||||||||||
- | - | - | - | - | - | - | 61 | 220 | 317 | 1,980 | - |
Proceeds from sale and leaseback | |||||||||||
- | - | - | 509 | 509 | 0 | 0 | 988 | 170 | - | - | - |
Debt issuance costs | |||||||||||
- | - | - | - | - | - | - | - | - | 1,021 | 100 | - |
Payment of contingent consideration | |||||||||||
- | - | - | - | - | - | - | 1,059 | 965 | - | - | - |
Deferred financing costs | |||||||||||
- | - | - | 71 | 71 | 10 | 200 | 100 | - | - | - | - |
Restricted cash - guaranteed deposit | |||||||||||
- | - | - | - | - | - | - | 0 | - | - | - | - |
Debt issuance and deferred financing costs | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | -151 |
Net cash provided by (used in) financing activities | |||||||||||
-2,059 | 75,827 | 7,014 | -3,163 | -3,163 | -6,745 | - | - | - | 3,614 | -13,454 | 5,491 |
- | - | - | - | - | - | -910 | 349 | -4,022 | - | - | - |
Investing: | |||||||||||
Purchase of property, plant and equipment | |||||||||||
3,876 | 4,410 | 1,471 | 2,225 | 2,225 | 2,682 | 1,971 | 3,097 | 5,660 | 912 | 1,209 | 1,042 |
- | - | - | - | - | - | -1,933 | -2,691 | -5,660 | - | - | - |
Acquisition of MC Assembly – net of cash acquired | |||||||||||
- | 67,600 | - | - | - | - | - | - | - | 3,033 | - | - |
Proceeds from leasehold improvement | |||||||||||
- | - | 56 | - | 0 | 0 | - | - | - | - | - | - |
Proceeds from sale of property, plant and equipment | |||||||||||
- | 35 | 281 | 126 | 126 | 6 | 38 | 406 | - | - | 435 | 830 |
Net cash provided by (used in) investing activities | |||||||||||
-3,876 | -71,975 | -1,134 | -2,099 | -1,294 | -3,481 | - | - | - | -3,945 | -1,209 | -212 |
Decrease in cash | |||||||||||
-233 | -3,935 | -2,967 | 1,599 | 2,404 | 652 | 2,152 | 1,092 | -432 | 1,702 | -656 | - |
Increase (decrease) in cash | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | -1,034 |
Restricted cash – guaranteed deposit | |||||||||||
- | - | - | 805 | -805 | 805 | 0 | - | - | - | - | - |
Supplemental Information | |||||||||||
Cash interest paid | |||||||||||
7,648 | 2,294 | 834 | 761 | 761 | 1,065 | - | - | - | - | - | - |
Cash interest paid | |||||||||||
- | - | - | - | - | - | 1,192 | 1,376 | 1,588 | 1,114 | 1,575 | 1,589 |
Cash taxes paid | |||||||||||
771 | 1,000 | 786 | 444 | 444 | 591 | 1,082 | - | - | - | - | - |
Cash tax refund | |||||||||||
159 | - | - | 442 | 442 | 0 | 0 | - | - | - | - | - |
Cash taxes paid | |||||||||||
- | - | - | - | - | - | - | 797 | 941 | 1,050 | 447 | - |
Property, plant and equipment acquired through finance lease | |||||||||||
135 | 882 | - | 533 | 533 | 0 | 1,703 | 1,430 | 1,048 | 3,128 | 1,001 | - |
Property, plant and equipment acquired that was unpaid in cash and included in accounts payable and accrued liabilities | |||||||||||
229 | 384 | 23 | 247 | 247 | 247 | 101 | 143 | 675 | - | - | - |
Revolving Credit Facility [Member] | |||||||||||
Amortization of deferred financing fees | |||||||||||
- | - | - | 69 | - | - | - | - | - | - | - | - |