| Dec'19 | Dec'18 | Dec'17 | Dec'17 | Dec'16 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||||||||
Non-cash revenue from subcontractor settlement | ||||||||||||
- | - | - | - | - | - | - | - | - | - | 902 | - | - |
Net loss | ||||||||||||
4,841 | 10,030 | 12,129 | 12,129 | 8,299 | 8,299 | 4,259 | - | - | - | - | - | - |
Net income | ||||||||||||
- | - | - | - | - | - | - | 9,416 | 2,630 | -17,300 | 1,830 | 2,720 | -5,575 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
Depreciation and amortization | ||||||||||||
15,472 | 6,211 | 4,082 | 4,082 | 3,220 | 3,220 | 2,072 | 460 | 585 | 737 | 944 | 1,053 | 1,814 |
Deferred income taxes, net | ||||||||||||
-209 | -2,890 | 621 | 621 | 1,225 | 1,225 | 1,758 | -1,427 | - | -2,249 | 1,465 | 389 | -1,890 |
Impairment of goodwill | ||||||||||||
- | - | - | - | - | - | - | - | 0 | 15,208 | - | - | 2,763 |
Lease abandonment recovery, net | ||||||||||||
- | - | - | - | - | - | 44 | -9 | -30 | -26 | -2 | - | - |
Lease abandonment expense (recovery), net | ||||||||||||
- | - | - | - | - | - | - | - | - | - | - | -68 | 707 |
(Gain) loss on sale/disposal of equipment | ||||||||||||
8 | 12 | -27 | -27 | -4 | -4 | 37 | -11 | 6 | -18 | -2 | 17 | -6 |
Provision for doubtful accounts | ||||||||||||
1,051 | 470 | -189 | -189 | 216 | 216 | 659 | 510 | 101 | 673 | 209 | 20 | - |
Provision for doubtful accounts | ||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | 1,829 |
Stock-based compensation | ||||||||||||
12,112 | 6,262 | 2,774 | 2,774 | 1,239 | 1,239 | 777 | 258 | - | - | - | 235 | 272 |
Stock-based compensation | ||||||||||||
- | - | - | - | - | - | - | - | 150 | 227 | 201 | - | - |
Accretion and fair value adjustments of contingent consideration | ||||||||||||
-302 | -1,426 | 1,156 | 1,156 | 21 | 21 | 547 | - | - | - | - | - | - |
Changes in operating assets and liabilities, net of effects from business acquisitions: | ||||||||||||
Accounts receivable | ||||||||||||
-11,627 | -3,177 | 7,412 | 7,412 | -1,288 | -1,288 | 4,354 | 532 | -2,216 | -625 | 2,507 | 4,407 | -936 |
Contract assets | ||||||||||||
34,598 | 11,539 | - | 5,744 | - | 4,057 | - | - | - | - | - | - | - |
Costs and estimated earnings in excess of billings on uncompleted contracts | ||||||||||||
- | - | 5,744 | - | 4,057 | - | 1,180 | 2,535 | -225 | -10,812 | 8,427 | 4,694 | -1,632 |
Income tax receivable | ||||||||||||
- | - | - | - | - | - | - | - | - | - | - | -51 | -905 |
Other receivables | ||||||||||||
2,714 | -4,081 | 1,126 | 1,126 | -82 | -82 | -31 | -4 | 117 | -80 | -1 | 103 | 25 |
Prepaid expenses and other current assets | ||||||||||||
343 | 154 | 1,096 | 1,096 | 519 | 519 | -203 | -133 | 595 | 58 | 10 | 214 | -284 |
Other assets | ||||||||||||
6,520 | 778 | -25 | -25 | 169 | 169 | -31 | 202 | 26 | -76 | -24 | 89 | -55 |
Accounts payable | ||||||||||||
-6,294 | -1,583 | 3,186 | 3,186 | 206 | 206 | 1,842 | -720 | -3,026 | -1,199 | 2,802 | 3,923 | -654 |
Changes in excess of outstanding checks over bank balance | ||||||||||||
- | - | - | - | - | - | - | - | - | -589 | 554 | 735 | 40 |
Accrued liabilities | ||||||||||||
16,761 | -1,945 | 4,329 | 4,329 | 8,409 | 8,409 | -1,320 | 4,860 | 502 | -4,886 | 4,206 | 1,476 | -959 |
Contract liabilities | ||||||||||||
315 | -2,272 | - | -1,593 | - | 2,159 | - | - | - | - | - | - | - |
Billings in excess of costs and estimated earnings on uncompleted contracts | ||||||||||||
- | - | -1,593 | - | 2,159 | - | 2,285 | 1,616 | -1,172 | 2,667 | -289 | 11 | 326 |
Deferred lease obligations | ||||||||||||
- | - | -100 | - | -23 | -23 | 573 | 35 | -284 | -186 | -234 | -189 | -272 |
Right-of-use assets | ||||||||||||
-430 | 64 | - | 100 | - | - | - | - | - | - | - | - | - |
Net cash provided by operating activities | ||||||||||||
- | - | - | - | - | - | - | 11,896 | 1,213 | 4,682 | -683 | 97 | 2,154 |
Net cash provided by operating activities | ||||||||||||
11,621 | 7,568 | 11,069 | 11,069 | 21,600 | 21,600 | 8,102 | - | - | - | - | - | - |
Cash flows from investing activities: | ||||||||||||
Purchase of equipment and leasehold improvements | ||||||||||||
6,637 | 2,105 | 2,178 | 2,178 | 1,662 | 1,662 | 2,475 | 492 | 306 | 359 | 395 | 685 | 386 |
Proceeds from sale of equipment | ||||||||||||
45 | 59 | - | - | 15 | 15 | 7 | 5 | 27 | 20 | 6 | 40 | - |
Cash paid for acquisitions, net of cash acquired | ||||||||||||
71,756 | 124,344 | 14,603 | 14,603 | 8,857 | 8,857 | 8,168 | - | - | - | 2,733 | 2,104 | 2,373 |
Net cash used in investing activities | ||||||||||||
-78,348 | -126,390 | -16,781 | -16,781 | -10,504 | -10,504 | -10,636 | - | - | - | - | - | - |
Cash flows from financing activities: | ||||||||||||
Net cash used in investing activities | ||||||||||||
- | - | - | - | - | - | - | -487 | -279 | -339 | -3,122 | -2,749 | -2,759 |
Payments on contingent consideration | ||||||||||||
1,381 | 4,296 | 1,709 | 1,709 | 1,284 | 1,284 | - | - | - | - | - | - | - |
Payments on notes payable | ||||||||||||
1,842 | 477 | 4,164 | 4,164 | 4,378 | 4,378 | 2,090 | 162 | 621 | 663 | 211 | 17 | 46 |
Payments on debt issuance costs | ||||||||||||
709 | 1,300 | - | - | - | - | - | - | - | - | - | - | - |
Proceeds from notes payable | ||||||||||||
- | 1,805 | - | - | 733 | 733 | 2,606 | - | 510 | 614 | 667 | 214 | - |
Borrowings under term loan facility and line of credit | ||||||||||||
138,000 | 70,000 | 1,000 | 1,000 | - | - | - | - | - | 11,663 | 33,965 | 14,123 | 3,553 |
Repayments under term loan facility and line of credit | ||||||||||||
78,000 | 2,500 | - | - | - | - | - | - | 3,000 | 8,919 | 34,709 | 14,123 | 2,553 |
Principal payments on finance leases | ||||||||||||
639 | 367 | - | 390 | - | - | - | - | - | - | - | - | - |
Principal payments on capital lease obligations | ||||||||||||
- | - | 390 | - | 522 | 522 | 350 | 261 | 62 | 164 | 202 | 173 | 172 |
Proceeds from stock option exercise | ||||||||||||
931 | 668 | 1,901 | 1,901 | 327 | 327 | 512 | 450 | 9 | 11 | 7 | 3 | - |
Proceeds from sales of common stock under employee stock purchase plan | ||||||||||||
1,740 | 1,300 | 830 | 830 | 209 | 209 | 170 | 76 | 73 | 120 | 93 | 87 | 84 |
Proceeds from equity raise | ||||||||||||
- | 55,266 | - | - | - | - | - | - | - | - | - | - | - |
Shares used to pay taxes on stock grants | ||||||||||||
2,880 | 442 | - | - | - | - | - | - | - | - | - | - | - |
Proceeds from unregistered sales of equity | ||||||||||||
1,700 | - | - | - | - | - | - | - | - | - | - | - | - |
Net cash (used in) provided by financing activities | ||||||||||||
- | - | - | - | - | - | - | 103 | -3,091 | 2,662 | 164 | 849 | 906 |
Net increase (decrease) in cash and cash equivalents | ||||||||||||
- | - | - | - | - | - | - | 11,512 | -2,157 | 7,005 | -3,641 | -1,803 | 301 |
Net cash (used in) provided by financing activities | ||||||||||||
56,920 | 119,657 | -2,532 | -2,532 | -4,915 | -4,915 | 848 | - | - | - | - | - | - |
Net increase (decrease) in cash and cash equivalents | ||||||||||||
-9,807 | 835 | - | -8,244 | - | 6,181 | - | - | - | - | - | - | - |
Net decrease in cash and cash equivalents | ||||||||||||
- | - | -8,244 | - | 6,181 | - | -1,686 | - | - | - | - | - | - |
Supplemental disclosures of cash flow information: | ||||||||||||
Cash paid during the period for: | ||||||||||||
Interest | ||||||||||||
4,169 | 494 | 111 | 111 | 179 | 179 | 203 | 16 | 100 | 106 | 77 | 52 | 40 |
Income taxes | ||||||||||||
4,052 | 3,163 | 2,750 | 2,750 | 1,875 | 1,875 | 949 | 134 | 324 | 139 | 139 | 48 | 3 |
Supplemental disclosures of noncash investing and financing activities: | ||||||||||||
Other working capital adjustment | ||||||||||||
- | 63 | - | 113 | - | - | - | - | - | - | - | - | - |
Issuance of notes payable related to business acquisitions | ||||||||||||
- | - | - | - | 4,569 | 4,569 | 4,250 | - | - | - | - | - | - |
Issuance of common stock related to business acquisitions | ||||||||||||
- | - | 3,100 | 3,100 | 2,228 | 2,228 | 1,485 | - | - | - | - | - | - |
Contingent consideration related to business acquisitions | ||||||||||||
- | 943 | 5,400 | 5,400 | - | - | 5,178 | - | - | - | - | - | - |
Other payable for working capital adjustment | ||||||||||||
- | - | 113 | - | - | - | - | - | - | - | - | - | - |
Equipment acquired under finance leases | ||||||||||||
661 | 462 | 294 | 294 | 373 | 373 | 420 | 677 | 87 | 151 | 247 | 240 | 60 |