| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Feb'13 | Dec'12 | Aug'12 |
|---|---|---|---|---|---|---|---|---|---|
Net (loss) income attributable to parent | |||||||||
- | - | - | - | - | 9,511 | 24,432 | - | 5,892 | - |
CASH FLOWS FROM OPERATING ACTIVITIES | |||||||||
Net (loss) income | |||||||||
24,269 | 8,486 | 5,725 | 23,180 | -11,020 | - | - | - | - | - |
Net Loss | |||||||||
- | - | - | - | - | - | - | -11,379 | - | -229 |
Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities: | |||||||||
Provision for bad debts | |||||||||
1,389 | 369 | 3,128 | 4,686 | 1,477 | 20 | 265 | - | 283 | - |
Provision for obsolete inventory | |||||||||
- | - | 80 | 238 | -255 | -1,036 | 1,483 | - | 0 | - |
Depreciation and amortization | |||||||||
22,735 | 23,157 | 20,969 | 15,522 | 12,464 | - | - | - | - | - |
Deferred income taxes | |||||||||
-2,698 | -3,289 | -6,137 | -247 | -119 | -915 | 4,513 | - | 496 | - |
Change in value of derivative liability | |||||||||
- | - | - | - | - | 25 | - | - | - | - |
Change in fair value of earnout share liability | |||||||||
- | - | - | - | - | 10,807 | -2,120 | - | 0 | - |
Change in fair value of warrant liability | |||||||||
- | - | - | 776 | -24,901 | -1,711 | 7,626 | - | 0 | - |
Director stock compensation | |||||||||
- | - | 284 | 300 | 0 | - | - | - | - | - |
Depreciation and amortization | |||||||||
- | - | - | - | - | 8,542 | 7,238 | - | 7,668 | - |
Change in fair value of investments held for trading | |||||||||
- | - | - | - | - | -168 | - | - | - | - |
(Gain) Loss on disposition of assets | |||||||||
- | - | -17 | 477 | -232 | -1,300 | - | - | - | - |
Change in fair value of earnout shares liability | |||||||||
- | - | - | 4,674 | -10,858 | - | - | - | - | - |
Equity method income | |||||||||
596 | - | - | - | - | - | - | - | - | - |
Deferred cost of financing | |||||||||
1,624 | 1,468 | - | - | - | - | - | - | - | - |
Other non-cash adjustments | |||||||||
82 | -142 | -72 | -54 | -59 | - | - | - | - | - |
Extinguishment of Debt | |||||||||
- | - | 2,558 | - | 0 | - | - | - | - | - |
Amortization of deferred financing costs | |||||||||
- | - | 1,204 | - | 0 | - | - | - | - | - |
Change in warrant liability | |||||||||
- | - | - | - | - | - | - | 10,969 | - | - |
Accrued interest | |||||||||
- | - | - | - | - | - | - | 27 | - | - |
Changes in operating assets and liabilities: | |||||||||
Trade accounts receivables | |||||||||
19,615 | 23,700 | -2,497 | 25,979 | 29,394 | - | - | - | - | - |
Deferred income taxes | |||||||||
- | - | - | - | - | -466 | -98 | - | 21 | - |
Trade accounts receivable | |||||||||
- | - | - | - | - | 5,002 | 20,891 | - | 13,297 | - |
Inventories | |||||||||
-8,419 | 28,064 | 16,447 | 4,305 | 29,185 | 10,696 | 6,143 | - | 5,229 | - |
Prepaid expenses | |||||||||
3,328 | 1,161 | -22 | -799 | 1,503 | - | - | - | - | 49 |
Prepaid expenses | |||||||||
- | - | - | - | - | 761 | -646 | - | 903 | - |
Other assets | |||||||||
7,744 | 4,645 | 2,004 | -1,343 | 9,535 | -1,852 | -1,002 | - | 119 | - |
Trade accounts payable and accrued expenses | |||||||||
-2,396 | 34,588 | - | - | - | - | -11,216 | 4 | 2,677 | 7 |
Unbilled receivables | |||||||||
- | - | 10,653 | 7,768 | - | - | - | - | - | - |
Unbilled receivables | |||||||||
- | - | - | - | 2,668 | - | - | - | - | - |
Trade accounts payable | |||||||||
- | - | 13,055 | -985 | 14,761 | 11,846 | - | - | - | - |
Labor liabilities | |||||||||
- | - | - | - | - | 530 | -16 | - | -31 | - |
Accrued interest expense | |||||||||
83 | 466 | 3,769 | 2,559 | 662 | - | -598 | - | 40 | - |
Taxes payable | |||||||||
5,075 | -4,315 | -8,542 | -2,299 | 14,055 | 4,465 | 1,151 | - | -626 | - |
Labor liabilities | |||||||||
-19 | 340 | 134 | 439 | 221 | - | - | - | - | - |
Contract assets and liabilities | |||||||||
1,674 | 8,566 | - | - | - | - | - | - | - | - |
Related parties | |||||||||
1,133 | -23 | 1,815 | 2,259 | 295 | -19,132 | 375 | - | 0 | - |
Advances from customers | |||||||||
- | - | 2,807 | -6,846 | - | - | - | - | - | - |
Proceeds from the sale of common stock | |||||||||
- | - | - | - | - | 1,000 | - | - | - | - |
CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES | |||||||||
26,739 | -5,031 | 14,209 | -3,085 | - | - | - | -433 | - | -271 |
CASH FLOWS FROM INVESTING ACTIVITIES | |||||||||
CASH (USED IN) PROVIDED BY OPERATING ACTIVITIES | |||||||||
- | - | - | - | 2,511 | -4,810 | 10,734 | - | -7,283 | - |
Proceeds from sale of investments | |||||||||
1,583 | 1,575 | 571 | 24,486 | 1,913 | 2,343 | 3,222 | - | 3,451 | - |
Proceeds from sale of property and equipment | |||||||||
- | - | - | 686 | 4,470 | 3,609 | 0 | - | 13,793 | - |
Acquisition of businesses | |||||||||
34,100 | 6,000 | 7,873 | - | 0 | - | - | - | - | - |
Cash acquired from GM&P and Componenti | |||||||||
- | - | - | - | - | - | 3 | - | 0 | - |
Purchase of investments | |||||||||
1,684 | 1,184 | 600 | 26,975 | 877 | 1,118 | 107 | - | 1,278 | - |
Acquisition of property and equipment | |||||||||
24,952 | 13,117 | 7,027 | 22,906 | 14,901 | 24,848 | 20,001 | - | 25,938 | - |
Investment in cash and cash equivalents held in trust | |||||||||
- | - | - | - | - | - | - | 42,740 | - | 42,740 |
Interest on cash and cash equivalents held in trust | |||||||||
- | - | - | - | - | - | - | - | - | -12 |
CASH USED IN INVESTING ACTIVITIES | |||||||||
-59,153 | -18,726 | -14,929 | -24,709 | - | - | - | -42,740 | - | -42,752 |
Customer advances on uncompleted contracts | |||||||||
- | - | - | - | 6,323 | -18,461 | 18,141 | - | -4,113 | - |
Subsidiary distributions prior to acquisition | |||||||||
- | - | - | 2,263 | 1,409 | - | - | - | - | - |
CASH FLOWS FROM FINANCING ACTIVITIES | |||||||||
Restricted cash | |||||||||
- | - | - | - | - | -3,633 | - | - | - | - |
Restricted cash | |||||||||
- | - | - | - | - | - | 3,746 | - | 0 | - |
CASH USED IN INVESTING ACTIVITIES | |||||||||
- | - | - | - | -9,395 | -16,381 | -20,629 | - | -9,972 | - |
Repayments of debt and capital leases | |||||||||
- | - | - | - | 102,356 | - | 12,865 | - | 48,590 | - |
Proceeds from debt | |||||||||
- | - | - | - | 113,274 | 87,109 | 21,237 | - | 57,767 | - |
Proceeds from the exercise of unit purchase options | |||||||||
- | - | - | 404 | 0 | - | - | - | - | - |
Cash dividend | |||||||||
5,227 | 2,714 | 2,471 | 741 | 0 | - | - | - | - | - |
Proceeds from equity offering | |||||||||
36,478 | - | - | - | - | - | - | 0 | - | 25 |
Proceed from bond issuance | |||||||||
- | - | 201,801 | - | 0 | - | - | - | - | - |
Repayments of debt and capital leases | |||||||||
- | - | 205,330 | 163,126 | - | 77,924 | - | - | - | - |
Proceeds from debt | |||||||||
45,527 | 28,600 | 20,761 | 196,468 | - | - | - | - | - | - |
Proceeds from Public Offering, net of offering costs of $1,449,055 | |||||||||
- | - | - | - | - | - | - | 38,550 | - | 38,442 |
Payment of additional offering costs | |||||||||
- | - | - | - | - | - | - | 0 | - | - |
Proceeds from the exercise of warrants | |||||||||
- | - | - | 800 | 0 | 821 | - | 2,400 | - | 2,400 |
Repayments of debt | |||||||||
29,507 | 8,860 | - | - | - | - | - | - | - | - |
Proceeds from Underwriters Options | |||||||||
- | - | - | - | - | - | - | 500 | - | 500 |
Proceeds from Over Allotment, net of offering costs of $60,000 | |||||||||
- | - | - | - | - | - | - | 1,940 | - | 1,940 |
Proceeds from note payable to shareholder | |||||||||
- | - | - | - | - | - | - | 0 | - | 52 |
Repayment of advances from shareholder | |||||||||
- | - | - | - | - | - | - | 71 | - | 71 |
Repayment of note payable to shareholder | |||||||||
- | - | - | - | - | - | - | 100 | - | 100 |
CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES | |||||||||
47,271 | 17,026 | 14,761 | 31,542 | - | - | - | 43,219 | - | 43,188 |
Merger proceeds held in trust | |||||||||
- | - | - | - | - | 22,519 | - | - | - | - |
CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES | |||||||||
- | - | - | - | 9,509 | 33,525 | 8,372 | - | 9,177 | - |
Effect of exchange rate changes on cash and cash equivalents | |||||||||
-35 | -1,152 | -36 | 499 | 720 | 730 | 2,254 | - | 5,650 | - |
NET (DECREASE) INCREASE IN CASH | |||||||||
14,822 | -7,883 | - | - | - | - | - | - | - | - |
NET INCREASE (DECREASE) IN CASH | |||||||||
- | - | 14,005 | 4,247 | 3,345 | 13,064 | 731 | 45 | -2,428 | 163 |
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION | |||||||||
Interest | |||||||||
19,660 | 18,223 | 15,774 | 8,696 | 6,916 | - | - | - | - | - |
Interest | |||||||||
- | - | - | - | - | 7,451 | 7,303 | - | 5,555 | - |
Income Tax | |||||||||
12,296 | 8,399 | 17,834 | 25,825 | 13,212 | 3,101 | 4,183 | - | 2,441 | - |
NON-CASH INVESTING AND FINANCING ACTIVITES: | |||||||||
Assets acquired under credit or debt | |||||||||
1,222 | 447 | - | - | - | - | - | - | - | - |
Gain in extinguishment of GM&P payment settlement | |||||||||
- | 3,606 | - | - | - | - | - | - | - | - |
Assets acquired under capital lease, financial obligations or credit | |||||||||
- | - | 1,751 | 19,641 | 65,319 | 27,778 | 17,686 | - | 7,163 | - |
Assets acquired with issuance of common stock | |||||||||
- | - | - | - | - | 4,000 | - | - | - | - |
Payment of offering costs by shareholder and included in note payable to shareholder | |||||||||
- | - | - | - | - | - | - | 0 | - | - |
Payments of offering costs advanced from shareholder | |||||||||
- | - | - | - | - | - | - | 71 | - | - |
Payment of offering costs made by shareholder | |||||||||
- | - | - | - | - | - | - | - | - | 71 |
Payment of offering costs by shareholder and included in note payable to shareholder | |||||||||
- | - | - | - | - | - | - | - | - | 48 |