| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|---|---|
Operating activities | ||||||||||
Net (loss) income | ||||||||||
51,700 | 56,400 | 44,500 | 26,000 | 20,300 | 26,100 | 14,800 | 2,374 | 17,476 | 15,631 | 14,215 |
Adjustments to reconcile net income to net cash provided by operations: | ||||||||||
Depreciation and amortization | ||||||||||
29,300 | 18,800 | 21,700 | 34,200 | 34,100 | 30,400 | 29,500 | 15,201 | 6,671 | 6,018 | 5,460 |
Net accretion of acquired lease contracts | ||||||||||
0 | -1,100 | -2,200 | -1,800 | -900 | -1,000 | -4,300 | -609 | - | - | - |
Loss on sale of equipment | ||||||||||
0 | 0 | -200 | 300 | -400 | 300 | -1,600 | -80 | -32 | -115 | -332 |
Net equity in earnings of unconsolidated entities (net of distributions) | ||||||||||
400 | 400 | 8,500 | -500 | -1,600 | - | 1,200 | - | - | - | - |
Gain on sale of equity method investment in unconsolidated entity | ||||||||||
0 | 10,100 | 0 | 0 | - | - | - | - | - | - | - |
Net gain on sale of a business | ||||||||||
0 | 0 | 100 | 0 | 500 | 0 | 0 | - | - | - | - |
Amortization of debt issuance costs | ||||||||||
500 | 700 | 700 | 800 | 1,100 | 1,300 | 1,400 | 870 | 638 | - | 640 |
Amortization of original discount on borrowings | ||||||||||
400 | 500 | 500 | 500 | 1,000 | 1,200 | 1,300 | 341 | - | - | - |
Write-off of debt issuance costs and original discount on borrowings | ||||||||||
- | - | - | - | - | - | - | - | - | 638 | - |
Non-cash stock-based compensation reversal, net of expense | ||||||||||
4,900 | 3,100 | 3,100 | 3,400 | 3,700 | 3,300 | 4,200 | 2,103 | 2,451 | 2,310 | 2,292 |
Provisions for losses on accounts receivable | ||||||||||
1,100 | 1,500 | 700 | 400 | 700 | 700 | 200 | 420 | 201 | 100 | 376 |
Excess tax (benefit) expense related to vesting of restricted stock units | ||||||||||
- | - | - | - | 300 | -100 | 200 | 445 | 246 | -1,446 | -535 |
Gain on contribution of a business to an unconsolidated entity | ||||||||||
- | - | - | - | - | 4,100 | 0 | - | - | - | - |
Deferred income taxes | ||||||||||
4,200 | 1,300 | 1,800 | -2,100 | -9,700 | -12,100 | 2,700 | 7,231 | 2,434 | 1,642 | 4,642 |
Changes in operating assets and liabilities | ||||||||||
Notes and accounts receivable | ||||||||||
12,700 | 16,700 | 2,600 | 15,900 | -3,500 | -5,400 | 3,800 | 5,995 | -5,432 | 7,208 | 1,860 |
Prepaid assets | ||||||||||
6,900 | -100 | 1,800 | 1,000 | -3,700 | -2,600 | -7,400 | 1,446 | 154 | -2,710 | 2,244 |
Other assets | ||||||||||
4,800 | -2,100 | 2,300 | 1,000 | -2,800 | 500 | 3,100 | -3,981 | 1,389 | 1,887 | 1,798 |
Accounts payable | ||||||||||
5,200 | 800 | -7,200 | 14,800 | -11,400 | -9,000 | -13,500 | 9,091 | 763 | -5,098 | 2,028 |
Accrued liabilities | ||||||||||
3,500 | 13,900 | -3,300 | 1,200 | -6,500 | 7,500 | -2,100 | -21,793 | 640 | 6,009 | -1,787 |
Net cash provided by (used in) operating activities | ||||||||||
76,000 | 70,900 | 45,200 | 59,700 | 43,600 | 51,600 | 34,900 | 11,404 | 34,949 | 19,534 | 21,761 |
Purchase of leasehold improvements and equipment | ||||||||||
10,200 | 8,900 | 6,800 | 13,000 | 9,600 | 13,500 | 15,700 | 5,024 | 4,150 | 2,985 | 3,486 |
Proceeds from sale of equipment and contract terminations | ||||||||||
300 | 200 | 800 | 3,000 | 500 | 900 | 800 | 30 | 116 | 5 | 58 |
Cash received from sale of a business, net of cash disposed | ||||||||||
0 | 0 | 600 | 0 | 1,000 | 0 | 0 | - | - | - | - |
Proceeds from sale of equity method investee's sale of assets | ||||||||||
0 | 19,300 | 8,400 | 0 | 0 | - | - | - | - | - | - |
Cost of contracts purchased | ||||||||||
2,600 | 1,100 | 700 | 3,800 | 3,700 | 2,300 | 400 | 1,172 | 932 | 678 | 934 |
Proceeds from sale of equity interest in land | ||||||||||
- | - | - | - | - | - | 2,300 | - | - | - | - |
Acquisition of business, net of cash acquired | ||||||||||
0 | 277,900 | 0 | 0 | - | - | - | -27,736 | -14 | 3,597 | 2,450 |
Capitalized interest | ||||||||||
- | - | - | - | - | - | - | -12 | -43 | -139 | - |
Contingent payments for businesses acquired | ||||||||||
- | - | - | - | - | - | 300 | 332 | 262 | 340 | 268 |
Net cash used in investing activities | ||||||||||
-12,500 | -268,400 | 2,300 | -13,800 | -11,800 | -14,900 | -13,300 | 21,226 | -5,257 | -7,734 | -7,080 |
Contingent payments for businesses acquired | ||||||||||
- | - | - | - | 100 | 1,800 | 600 | 2,073 | - | 529 | - |
Proceeds from exercise of stock options | ||||||||||
- | - | - | - | - | - | - | 526 | 217 | 1,773 | 415 |
Payments on credit facility revolver | ||||||||||
470,600 | 186,300 | 410,100 | 401,000 | 460,900 | 572,600 | 491,600 | 71,800 | - | - | - |
Proceeds from credit facility revolver | ||||||||||
455,600 | 333,500 | 386,600 | 385,000 | 439,500 | 568,000 | 491,500 | 72,790 | - | - | - |
Payment on senior credit facility of Central Parking (related to Central Merger) | ||||||||||
- | - | - | - | - | - | - | 237,143 | - | - | - |
Proceeds from credit facility term loan | ||||||||||
0 | 225,000 | 0 | 0 | 10,400 | 0 | 0 | 250,000 | - | - | - |
Payments on credit facility term loan | ||||||||||
11,300 | 150,000 | 20,000 | 15,000 | 15,000 | 32,300 | 22,500 | 5,625 | - | - | - |
Payments of debt issuance costs and original discount on borrowings | ||||||||||
0 | 3,200 | 0 | 0 | 1,400 | 0 | 0 | 10,332 | 30 | 30 | - |
Net payments on former senior credit facility | ||||||||||
- | - | - | - | - | - | - | -12,590 | -15,200 | -14,650 | -10,750 |
Payment on notes payable | ||||||||||
- | - | - | - | - | - | - | 40 | - | - | - |
Payments on other long-term borrowings | ||||||||||
-2,300 | -500 | -500 | -300 | -300 | 200 | 600 | 687 | 136 | 128 | 120 |
Payments of debt issuance costs for Restated Credit Facility | ||||||||||
- | - | - | - | - | - | - | - | - | - | 30 |
Distribution to noncontrolling interest | ||||||||||
3,200 | 3,300 | 3,200 | 3,300 | 3,100 | 2,900 | 2,800 | 874 | 388 | 271 | 136 |
Payments on capital leases | ||||||||||
- | - | - | - | - | - | - | - | 553 | 531 | 983 |
Excess tax (benefit) expense related to vesting of restricted stock units | ||||||||||
- | - | - | - | 300 | -100 | 200 | 445 | 246 | 1,446 | 535 |
Repurchase of common stock | ||||||||||
47,600 | 0 | 0 | 7,500 | 0 | 0 | - | - | 7,544 | - | 3,885 |
Net cash used in financing activities | ||||||||||
-79,400 | 215,200 | -47,200 | -42,100 | -30,600 | -41,500 | -26,400 | -17,403 | -23,388 | -12,920 | -14,954 |
Effect of exchange rate changes on cash and cash equivalents | ||||||||||
100 | -600 | 300 | -300 | -700 | -200 | -500 | 3 | -389 | 169 | 228 |
Decrease in cash and cash equivalents | ||||||||||
-15,800 | 17,100 | 600 | 3,500 | 500 | -5,000 | -5,300 | 15,230 | 5,915 | -951 | -45 |
Supplemental disclosures | ||||||||||
Cash paid (refund received) during the period for | ||||||||||
Interest | ||||||||||
17,900 | 8,500 | 8,000 | 9,200 | 10,700 | 13,900 | 16,300 | 18,715 | 4,015 | 5,097 | 5,951 |
Income taxes, net | ||||||||||
15,300 | 15,300 | 26,500 | 17,600 | 18,100 | 1,300 | 1,300 | 3,651 | 7,507 | 7,270 | 2,938 |
Non cash transactions | ||||||||||
Capital lease obligations incurred to acquire equipment | ||||||||||
- | - | - | 0 | 0 | - | - | - | - | - | - |