| 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 income from continuing operations | ||||||||||
50,000 | 49,500 | 65,500 | 3,900 | -24,000 | -32,000 | -43,000 | -8,000 | 54,600 | 42,600 | 46,185 |
Adjustments to reconcile income from continuing operations to net cash provided by (used in) operating activities: | ||||||||||
Depreciation and amortization | ||||||||||
4,100 | 4,500 | 4,600 | 4,500 | 5,900 | 11,500 | 13,100 | 18,000 | 17,500 | 14,500 | 12,353 |
Other non-cash (benefit) and asset impairment charges | ||||||||||
-800 | 1,900 | 0 | -200 | 1,000 | 10,200 | 4,100 | 39,900 | 0 | 0 | - |
Provision (benefit) for deferred income taxes | ||||||||||
1,400 | 8,400 | -21,900 | 1,100 | 4,300 | 700 | 27,100 | -36,600 | 200 | 4,600 | 5,704 |
Provision for doubtful accounts | ||||||||||
1,000 | 700 | 1,000 | 3,100 | 6,700 | 8,900 | 4,000 | 5,000 | 3,200 | 3,300 | 4,698 |
Stock-based compensation | ||||||||||
5,400 | 900 | 1,600 | 1,600 | 900 | 1,500 | 2,900 | 4,100 | 1,900 | 2,500 | 2,867 |
Return of common stock-special gain | ||||||||||
- | - | - | - | - | - | - | - | 7,900 | 0 | 0 |
Excess tax benefit from exercises of stock options | ||||||||||
- | - | - | - | - | - | 100 | 500 | 200 | 1,100 | 576 |
Gain on disposition and abandonment | ||||||||||
-100 | 0 | 0 | 4,300 | 100 | -100 | -100 | -300 | -100 | -100 | -154 |
Changes in operating assets and liabilities: | ||||||||||
Accounts receivable | ||||||||||
5,600 | 11,900 | 6,700 | -38,500 | -39,000 | 54,000 | 23,400 | 25,400 | 400 | 45,100 | 20,907 |
Inventories | ||||||||||
5,000 | 19,400 | 5,000 | -16,300 | -139,800 | -23,900 | -46,100 | -5,000 | 4,100 | 5,900 | 69,618 |
Prepaid expenses and other assets | ||||||||||
400 | 2,400 | -900 | -5,500 | -1,500 | 1,000 | 1,400 | -3,000 | 4,500 | -6,400 | 5,490 |
Income taxes payable | ||||||||||
3,700 | -5,400 | 0 | 400 | 800 | 14,400 | -8,700 | -8,800 | 4,800 | -3,300 | 3,983 |
Accounts payable | ||||||||||
14,600 | -6,600 | 4,700 | -88,000 | -43,100 | 10,100 | 12,200 | 64,900 | - | - | - |
Accrued expenses, other current liabilities and other liabilities | ||||||||||
1,800 | -10,400 | -600 | -12,600 | -4,000 | 6,500 | 9,100 | 14,500 | -46,800 | 46,100 | 25,414 |
Net cash provided by operating activities from continuing operations | ||||||||||
70,300 | 9,800 | 44,100 | -30,200 | 128,700 | 800 | 42,100 | 75,400 | 18,400 | 64,700 | - |
Net cash (used in) provided by operating activities from discontinued operations | ||||||||||
-1,900 | -32,100 | 1,500 | -27,200 | -42,200 | -900 | 4,700 | -400 | -200 | 200 | - |
Net cash provided by operating activities | ||||||||||
68,400 | -22,300 | 45,600 | -57,400 | 86,500 | -100 | 46,800 | 75,000 | 18,200 | 64,900 | 4,767 |
Cash flows from investing activities: | ||||||||||
Purchase of Circuit City assets | ||||||||||
- | - | - | - | - | - | - | - | - | - | 14,494 |
Purchase of WStore Europe SA | ||||||||||
- | - | - | - | - | - | - | - | - | - | 4,469 |
Cash acquired WStore Europe SA | ||||||||||
- | - | - | - | - | - | - | - | - | - | 5,438 |
Purchases of property, plant and equipment | ||||||||||
6,900 | 4,500 | 2,500 | 2,200 | 10,000 | 7,100 | 13,700 | 12,100 | 12,300 | 24,700 | 18,855 |
Proceeds from disposals of property, plant and equipment | ||||||||||
0 | 0 | 100 | 500 | 1,400 | 1,000 | 300 | 100 | 0 | 0 | 84 |
Acquisition of Plant Equipment Group | ||||||||||
- | - | - | - | 24,800 | 6,400 | 0 | 0 | - | - | - |
Net cash used in investing activities from continuing operations | ||||||||||
-6,900 | -4,500 | -2,400 | -1,700 | -33,400 | - | - | - | - | - | - |
Net cash provided by (used in) investing activities from discontinued operations | ||||||||||
0 | 249,600 | -400 | -1,000 | -1,300 | - | - | - | - | - | - |
Net cash used in investing activities | ||||||||||
-6,900 | 245,100 | -2,800 | -2,700 | -34,700 | -12,500 | -13,400 | -12,000 | -12,300 | -24,700 | -32,296 |
Cash flows from financing activities: | ||||||||||
Borrowings on credit facility and short term debt | ||||||||||
- | - | - | - | - | - | - | - | 10,900 | 261,700 | 0 |
Repayments of borrowings on credit facility and short term debt | ||||||||||
- | - | - | - | - | - | - | - | 10,900 | 274,900 | 3,614 |
Proceeds from recovery zone bond | ||||||||||
- | - | - | - | - | - | - | - | 1,500 | 7,900 | 0 |
Repayments of capital lease obligations | ||||||||||
0 | 100 | 100 | 300 | 2,700 | 2,600 | 2,800 | 2,800 | 2,500 | 1,300 | 726 |
Dividends paid | ||||||||||
261,600 | 109,300 | 13,000 | 3,700 | 0 | 0 | - | 9,100 | 0 | 0 | 27,611 |
Proceeds from issuance of common stock | ||||||||||
2,100 | 5,400 | 2,400 | 0 | 0 | 300 | 100 | 300 | 300 | 1,000 | 1,082 |
Payment of payroll taxes on stock-based compensation through shares withheld | ||||||||||
900 | 1,900 | 800 | 0 | 0 | - | - | - | - | - | - |
Proceeds from the issuance of common stock from employee stock purchase plan | ||||||||||
800 | 0 | 0 | - | - | - | - | - | - | - | - |
Repurchase of treasury shares | ||||||||||
0 | 9,100 | 0 | 0 | 200 | 0 | 0 | - | - | - | 1,174 |
Net cash used in financing activities from continuing operations | ||||||||||
- | - | - | -4,000 | -2,900 | - | - | - | -500 | -4,500 | - |
Excess tax benefit from exercises of stock options | ||||||||||
- | - | - | - | - | - | 100 | 500 | 200 | 1,100 | 576 |
Net cash used in financing activities from discontinued operations | ||||||||||
- | - | - | -100 | -100 | - | - | - | -200 | -200 | - |
Net cash used in financing activities | ||||||||||
-259,600 | -115,000 | -11,500 | -4,100 | -3,000 | -2,300 | -2,600 | -11,100 | -700 | -4,700 | -31,467 |
Effects of exchange rates on cash | ||||||||||
-100 | 3,100 | 3,500 | -1,200 | 1,300 | -1,500 | -100 | 1,500 | 0 | -1,700 | 1,338 |
Net decrease in cash | ||||||||||
-198,200 | 110,900 | 34,800 | -65,400 | 50,100 | -16,400 | 30,700 | 53,400 | 5,200 | 33,800 | -57,658 |
Supplemental disclosures: | ||||||||||
Interest paid | ||||||||||
300 | 200 | 400 | 700 | 700 | 1,100 | 1,200 | 1,400 | -1,700 | -1,300 | -994 |
Income taxes paid | ||||||||||
11,300 | 36,600 | 5,800 | 5,800 | 4,100 | 5,200 | 8,100 | 11,400 | -19,200 | -21,700 | -13,909 |
Supplemental disclosures of non-cash operating and investing activities: | ||||||||||
Acquisitions of equipment through capital leases | ||||||||||
0 | 0 | 300 | 0 | 0 | 800 | 0 | 1,300 | -2,400 | -9,400 | -765 |
Right-of-use assets obtained in exchange for lease obligations, operating leases | ||||||||||
16,500 | - | - | - | - | - | - | - | - | - | - |