| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | |
|---|---|---|---|---|---|---|
Operating activities: | ||||||
Net (loss) income | ||||||
31,623 | 18,688 | 21,526 | 10,379 | 4,990 | 7,556 | |
Adjustments to reconcile net (loss) income to net cash provided by operating activities: | ||||||
Depreciation, depletion and accretion of asset retirement obligation | ||||||
26,425 | 17,159 | 7,926 | 6,481 | - | - | |
Impairment loss | ||||||
15,542 | 17,835 | 0 | 0 | - | - | |
Amortization of intangible assets | ||||||
1,398 | 1,002 | 0 | 0 | - | - | |
Asset retirement obligation settlement | ||||||
2,753 | 3,180 | 0 | 0 | - | - | |
Depreciation, depletion and amortization of asset retirement obligation | ||||||
- | - | - | - | 5,318 | 3,642 | |
Gain on disposal of assets | ||||||
42 | -321 | -253 | 54 | -54 | -57 | |
Loss on derivatives | ||||||
- | - | - | - | -455 | - | |
Loss on extinguishment of debt | ||||||
-561 | 0 | 0 | -1,051 | - | -1,230 | |
Revenue reserve | ||||||
- | - | - | - | 92 | - | |
Provision for bad debt | ||||||
0 | 42 | 0 | 0 | - | - | |
Amortization of deferred financing cost | ||||||
212 | 300 | 455 | 159 | 251 | 86 | |
Accretion of debt discount | ||||||
649 | 246 | 0 | 263 | 519 | 183 | |
Deferred income taxes | ||||||
6,123 | 4,659 | -1,805 | 539 | - | - | |
Deferred income taxes | ||||||
- | - | - | - | 3,700 | 8,378 | |
Stock-based compensation, net | ||||||
2,909 | 2,937 | 2,012 | 1,426 | 792 | 418 | |
Employee stock purchase plan compensation | ||||||
41 | 72 | 0 | 0 | - | - | |
Non-cash interest expense on revolving credit facility | ||||||
- | - | - | - | 706 | 1,852 | |
Non-cash interest expense on Series A preferred stock | ||||||
- | - | - | 5,565 | 5,078 | 5,601 | |
Change in contingent consideration fair value | ||||||
-3,272 | -1,858 | 0 | 0 | - | - | |
Changes in assets and liabilities: | ||||||
Accounts receivable | ||||||
41,063 | -4,457 | 18,038 | 3,319 | -2,629 | 4,367 | |
Unbilled receivables | ||||||
-3,058 | 6,631 | 788 | - | - | - | |
Unbilled receivables | ||||||
- | - | - | -3,617 | - | - | |
Inventories | ||||||
1,021 | 7,343 | -4,407 | 1,357 | 2,462 | -316 | |
Prepaid expenses and other assets | ||||||
-1,875 | 1,761 | 3,394 | -133 | -2,423 | 3,492 | |
Deferred revenue | ||||||
5,229 | 4,095 | -1,615 | -5,518 | 7,133 | -183 | |
Accounts payable | ||||||
-4,680 | -2,271 | 9,356 | 761 | -137 | 759 | |
Accrued and other expenses | ||||||
1,277 | 2,140 | 2,391 | -481 | -654 | 272 | |
Net cash provided by operating activities | ||||||
44,633 | 50,909 | 15,628 | 26,703 | - | - | |
Net cash provided by operating activities | ||||||
- | - | - | - | 30,703 | 22,137 | |
Investing activities: | ||||||
Acquisition of businesses, net of cash acquired | ||||||
0 | 29,921 | 0 | 0 | - | - | |
Purchases of property, plant and equipment | ||||||
25,525 | 96,090 | 51,162 | 2,519 | 29,375 | 30,888 | |
Proceeds from disposal of assets | ||||||
100 | 22 | 14 | 49 | - | - | |
Net cash used in investing activities | ||||||
-25,425 | -125,989 | -51,148 | -2,470 | - | - | |
Net cash used in investing activities | ||||||
- | - | - | - | -29,375 | -30,888 | |
Financing activities: | ||||||
Proceeds from the issuance of notes payable | ||||||
31,202 | 0 | 0 | - | - | - | |
Repayment of line of credit | ||||||
- | - | - | 1,368 | 456 | 9,230 | |
Repayments of notes payable | ||||||
2,808 | 559 | 282 | 0 | - | 139 | |
Payments under equipment financing obligations | ||||||
103 | 168 | 353 | 409 | 390 | 231 | |
Payment of deferred financing and debt issuance costs | ||||||
2,262 | 233 | 193 | 1,178 | - | - | |
Payment of deferred financing and amendment costs | ||||||
- | - | - | - | 415 | 659 | |
Proceeds from revolving credit facility | ||||||
52,750 | 84,000 | 0 | 1,100 | 12,800 | 61,199 | |
Repayment of revolving credit facility | ||||||
94,750 | 39,500 | 0 | 65,316 | 9,647 | 3,500 | |
Payment of contingent consideration | ||||||
1,995 | 175 | 0 | 0 | - | - | |
Proceeds from equity issuance | ||||||
71 | 127 | 26,251 | 138,371 | - | - | |
Payment of equity transaction costs | ||||||
0 | 0 | 2,083 | 11,047 | - | - | |
Repayment of Series A preferred stock | ||||||
- | - | - | 40,328 | - | 39,999 | |
Cash dividend on Series A preferred stock | ||||||
- | - | - | - | 5 | 5 | |
Purchase of treasury stock | ||||||
140 | 2,173 | 127 | 420 | 121 | 2 | |
Net cash provided by financing activities | ||||||
-18,035 | 41,319 | 23,213 | 19,405 | - | - | |
Net cash provided by financing activities | ||||||
- | - | - | - | 1,766 | 7,434 | |
Effect of exchange rate changes on cash and cash equivalents | ||||||
- | - | - | 0 | - | - | |
Net increase (decrease) in cash and cash equivalents | ||||||
1,173 | -33,761 | -12,307 | 43,638 | - | - | |
Net increase (decrease) in cash, cash equivalents and restricted cash | ||||||
- | - | - | - | 3,094 | -1,317 | |
Supplemental disclosure of cash flow information | ||||||
Cash paid for interest | ||||||
- | - | - | - | 2,270 | 2,782 | |
Cash paid for taxes | ||||||
- | - | - | - | -1,093 | 3,542 | |
Asset retirement obligation | ||||||
- | - | - | - | -614 | 1,544 | |
Equipment purchased with debt | ||||||
- | - | - | - | 1,982 | 180 | |
Equipment purchased under equipment financing obligations | ||||||
- | - | - | - | - | 2,217 | |
Capitalized non-cash interest into property, plant and equipment | ||||||
- | - | - | - | 1,808 | 453 | |
Debt issuance costs netted against proceeds | ||||||
- | - | - | - | - | 1,414 | |
Capitalized expenditures in accounts payable and accrued expenses | ||||||
- | - | - | - | 3,113 | 4,386 | |
Increase (Decrease) in Income Taxes Payable | ||||||
542 | 0 | -7,058 | 7,058 | - | -171 | |