| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Operating activities: | |||||||||||
Net loss | |||||||||||
119,447 | 223,568 | 163,317 | 67,493 | 32,779 | 117,733 | 202,742 | 257,426 | 304,344 | 192,522 | 174,571 | 202,347 |
Adjustments to reconcile net loss to cash provided by operating activities: | |||||||||||
Depreciation and amortization | |||||||||||
45,017 | 44,061 | 50,880 | 52,633 | 53,171 | 49,234 | 47,909 | 36,640 | 30,995 | 29,012 | 27,875 | 24,519 |
Amortization of deferred financing costs and debt discount | |||||||||||
9,318 | 8,539 | 6,112 | 6,116 | 6,886 | 9,305 | 7,672 | 7,070 | 4,825 | 4,659 | 2,097 | 1,440 |
Goodwill impairment | |||||||||||
0 | 0 | 13,323 | 0 | 0 | - | - | - | - | - | - | - |
Impairment of intangible and long-lived assets | |||||||||||
307 | 27 | 682 | 615 | 2,455 | 652 | 5,426 | 0 | 0 | - | - | - |
Write-off of net assets due to cessation of Spain operations | |||||||||||
0 | 0 | -70 | 0 | 0 | - | - | - | - | - | - | - |
Share-based compensation expense | |||||||||||
20,471 | 20,188 | 14,949 | 6,527 | 24,771 | 10,533 | 4,255 | 8,845 | 9,067 | 8,612 | 8,796 | 11,302 |
Deferred tax provision (benefit) | |||||||||||
-9,424 | -13,673 | -48,216 | 11,093 | 12,098 | 29,099 | 34,358 | 26,765 | 25,291 | 22,280 | 38,392 | 11,352 |
Allowance for doubtful accounts | |||||||||||
-123 | 130 | -587 | 363 | -446 | 99 | 596 | -1,067 | 1,441 | -2,840 | 1,220 | 1,447 |
Reserve for inventory obsolescence | |||||||||||
8,710 | 7,906 | 7,823 | 5,109 | 7,593 | 11,822 | 9,580 | 10,491 | 13,203 | 7,917 | 7,928 | 9,996 |
Foreign currency exchange rate loss | |||||||||||
-1,235 | -2,036 | -202 | -1,270 | -1,526 | -2,984 | -659 | 722 | 80 | -439 | 208 | 1,923 |
Gain on Brazil acquisition | |||||||||||
- | - | - | - | - | 10,540 | 0 | 0 | - | - | - | - |
Loss on disposal of assets | |||||||||||
- | - | - | - | - | -171 | -1,417 | -590 | -500 | 0 | 0 | - |
Early extinguishment of debt, net | |||||||||||
0 | 0 | -8,969 | 0 | 12,667 | 0 | -21,685 | 1,328 | 0 | 0 | - | - |
Loss on investment | |||||||||||
- | - | - | - | - | - | - | -2,697 | -3,585 | 0 | 0 | - |
Other items, net | |||||||||||
- | - | - | - | - | 184 | 0 | 0 | -105 | 595 | 480 | -421 |
Changes in cash due to: | |||||||||||
Receivables | |||||||||||
-1,331 | 7,999 | -5,444 | 37 | -1,571 | -3,777 | -345 | -5,870 | 563 | 6,764 | 1,322 | 343 |
Inventories | |||||||||||
9,127 | 1,148 | 4,504 | 9,513 | 3,055 | 3,218 | 2,226 | 1,341 | 24,456 | 15,490 | -1,624 | 7,469 |
Prepaid expenses | |||||||||||
-13,619 | 3,991 | 4,359 | 14,755 | 18,284 | -1,341 | 1,037 | 639 | -2,531 | -14,027 | -7,651 | 18,489 |
Accounts payable | |||||||||||
1,347 | 2,224 | -14,507 | 461 | -13,930 | 7,807 | -3,607 | -11,794 | 17,495 | 11,855 | -5,878 | -5,423 |
UK VAT liability | |||||||||||
- | - | - | - | - | - | - | - | - | -32,486 | -13,474 | -31,643 |
UK self-employment liability | |||||||||||
- | - | - | - | - | - | - | - | 2,931 | 4,081 | 36,660 | 0 |
Accrued liabilities | |||||||||||
-6,968 | 16,600 | 4,414 | -8,823 | -32,418 | 7,825 | 4,988 | 28,042 | 2,348 | 29,822 | -10,055 | -16,357 |
Deferred revenue | |||||||||||
6,199 | -17,198 | 8,298 | 1,212 | 1,256 | -7,915 | -10,521 | 1,539 | 10,555 | 5,356 | 6,118 | 3,012 |
Other long term assets and liabilities, net | |||||||||||
878 | 13,001 | -5,683 | -1,512 | -1,512 | -2,536 | - | - | - | - | - | - |
Income taxes | |||||||||||
-18,098 | 27,323 | 4,281 | -2,232 | -10,003 | -1,442 | 4,473 | 2,408 | 2,922 | 3,597 | -16,009 | -5,467 |
Cash provided by operating activities | |||||||||||
182,383 | 295,592 | 222,274 | 119,044 | 54,815 | 231,619 | 323,516 | 336,707 | 407,039 | 281,684 | 265,506 | 241,166 |
Investing activities: | |||||||||||
Capital expenditures | |||||||||||
17,159 | 19,050 | 13,732 | 5,556 | 3,952 | 9,097 | 40,657 | 48,807 | 21,750 | 9,137 | 12,349 | 16,281 |
Capitalized software expenditures | |||||||||||
30,824 | 27,763 | 26,916 | 28,785 | 32,307 | 42,589 | 21,277 | 29,926 | 23,086 | 13,057 | 11,090 | 15,322 |
Cash paid for acquisitions | |||||||||||
4,060 | 7,100 | 0 | 2,898 | 3,112 | 16,678 | 83,825 | 30,400 | 0 | 0 | - | 39,661 |
Other items, net | |||||||||||
580 | 10,045 | 143 | 291 | 936 | 628 | -411 | 323 | 374 | 6,452 | 188 | 922 |
Cash used for investing activities | |||||||||||
-52,623 | -63,958 | -40,791 | -37,530 | -40,307 | -68,992 | -145,348 | -109,456 | -45,210 | -28,646 | -23,627 | -72,186 |
Net borrowings on revolver | |||||||||||
0 | -25,000 | 25,000 | -48,000 | 48,000 | 0 | 70,000 | 30,000 | -174,000 | 46,000 | -32,000 | 0 |
Proceeds from borrowings | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 45,000 |
Proceeds from new long term debt | |||||||||||
0 | 0 | 1,840,000 | 0 | 0 | - | 2,400,000 | 1,449,397 | 0 | 0 | - | - |
Financing costs and debt discount | |||||||||||
0 | 0 | 53,636 | 0 | 0 | - | - | - | - | - | - | - |
Payments on long-term debt | |||||||||||
177,000 | 57,750 | 2,018,773 | 165,323 | 158,113 | 30,000 | 2,488,364 | 124,833 | 139,285 | 133,915 | 162,500 | 45,625 |
Proceeds from the sale of common stock, net of fees | |||||||||||
- | - | - | - | 41,475 | 0 | 0 | - | - | - | - | - |
Taxes paid related to net share settlement of equity awards | |||||||||||
6,582 | 25,020 | 9,548 | 0 | 0 | - | - | - | - | - | - | - |
Excess tax benefit of share-based compensation | |||||||||||
- | - | - | 973 | 0 | 1 | 2,132 | 4,026 | 5,831 | 60 | 126 | 492 |
Proceeds from stock options exercised | |||||||||||
1,076 | 33,417 | 5,475 | 139 | 95 | 658 | 16,187 | 12,688 | 42,040 | 39 | 50 | 8,075 |
Other items, net | |||||||||||
-487 | 0 | 0 | - | - | - | - | - | - | - | - | - |
Payments to acquire treasury stock | |||||||||||
- | - | - | - | - | - | - | 1,504,189 | 34,924 | 106,617 | 0 | 115,973 |
Deferred financing costs | |||||||||||
- | - | - | - | - | - | 44,817 | 26,248 | 0 | 11,483 | 4,058 | 0 |
Payment of dividends | |||||||||||
- | - | - | 11 | 42 | 80 | 29,571 | 51,961 | 51,624 | 53,409 | 54,078 | 55,045 |
Investment and advances from noncontrolling interest | |||||||||||
- | - | - | - | - | - | - | - | - | 2,513 | 5,496 | 3,015 |
Cash provided by (used for) financing activities | |||||||||||
-182,993 | -74,353 | -211,482 | -212,222 | -68,585 | -29,421 | -74,433 | -211,120 | -351,962 | -256,812 | -246,964 | -160,061 |
Effect of exchange rate changes on cash and cash equivalents | |||||||||||
-1,005 | -3,361 | 4,397 | -2,162 | -5,609 | -6,551 | 607 | 885 | -13 | -1,629 | 3,900 | -1,420 |
Net increase (decrease) in cash and cash equivalents | |||||||||||
-54,238 | 153,920 | -25,602 | -132,870 | -59,686 | 126,655 | 104,342 | 17,016 | 9,854 | -5,403 | -1,185 | 7,499 |