|
Less: Income (loss) from discontinued operations, net of tax
|
|
—
|
—
|
$4.1m
|
($43k)
|
$22k
|
$1.7m
|
|
Loss from continuing operations
|
|
—
|
—
|
($15.1m)
|
($12.6m)
|
($23.3m)
|
($12.1m)
|
|
Depreciation Expense
|
|
$3.6m
|
$3.9m
|
$5.0m
|
$4.8m
|
$4.3m
|
$4.8m
|
|
Amortization of Intangibles
|
|
$149k
|
$111k
|
$143k
|
$260k
|
$352k
|
$464k
|
|
Asset Impairment Charges
|
|
—
|
—
|
—
|
—
|
—
|
$1.0m
|
|
Share-based compensation
|
|
—
|
—
|
$125k
|
$169k
|
$522k
|
$396k
|
|
Income Tax Expense
|
|
($1.9m)
|
($2.6m)
|
($4.3m)
|
($2.1m)
|
($581k)
|
$1.1m
|
|
Interest Expense
|
|
$6.8m
|
$9.2m
|
$11.3m
|
$15.8m
|
$13.1m
|
$13.2m
|
|
Net loss
|
|
($139k)
|
($7.8m)
|
($19.2m)
|
($12.5m)
|
($23.4m)
|
($13.8m)
|
|
Provision for Doubtful Accounts (CF)
|
|
$1.5m
|
$2.8m
|
$150k
|
$87k
|
$895k
|
$696k
|
|
Restructuring Expense
|
|
—
|
—
|
—
|
—
|
$5.0m
|
—
|
|
Non-Operating Income (Expense)
|
|
—
|
—
|
($4.7m)
|
($25k)
|
($1.4m)
|
$222k
|
|
Other Operating Expense
|
|
—
|
—
|
—
|
$129k
|
$65k
|
$1k
|
|
Gain on sale of subsidiary
|
|
—
|
—
|
—
|
—
|
—
|
($6.6m)
|
|
Accounts receivable
|
|
$3.3m
|
($4.4m)
|
($4.6m)
|
($2.3m)
|
$8.9m
|
$3.7m
|
|
Other receivables
|
|
$315k
|
($15.6m)
|
($26.1m)
|
$26.7m
|
$11.5m
|
$2.6m
|
|
Prepaid expenses and other current assets
|
|
($3.3m)
|
$9.9m
|
($4.6m)
|
$4.2m
|
$8.1m
|
$6.4m
|
|
Inventories
|
|
($11.7m)
|
($9.8m)
|
$6.3m
|
$447k
|
$10.1m
|
$596k
|
|
Other assets, noncurrent
|
|
—
|
—
|
($2.2m)
|
($1.6m)
|
$1.1m
|
($43k)
|
|
Accounts payable
|
|
($4.0m)
|
$2.3m
|
$5.3m
|
$15.7m
|
($10.9m)
|
$3.5m
|
|
Change in Accrued Liabilities
|
|
($122k)
|
($4.6m)
|
($9.5m)
|
($988k)
|
$7.0m
|
($4.9m)
|
|
Cash proceeds from sale of subsidiary, net of cash disposed
|
|
—
|
—
|
—
|
—
|
—
|
$8.3m
|
|
Proceeds from Sale of PP&E
|
|
$236k
|
$488k
|
$765k
|
$47k
|
$7k
|
—
|
|
Additions to intangible assets
|
|
($278k)
|
($634k)
|
($262k)
|
($319k)
|
($283k)
|
($451k)
|
|
Borrowings on working capital facilities, net
|
|
—
|
$16.9m
|
($24.4m)
|
($1.6m)
|
$7.3m
|
($8.0m)
|
|
Repayments on lines of credit – Wheat inventories
|
|
—
|
($47.9m)
|
($39.4m)
|
($77.8m)
|
($86.3m)
|
($11.6m)
|
|
Repayments on loans
|
|
—
|
($11.5m)
|
($10.1m)
|
($5.1m)
|
($8.7m)
|
($3.1m)
|
|
Extinguishment of related party loan in connection with transactions with an entity under common control
|
|
—
|
—
|
—
|
—
|
—
|
$5.7m
|
|
Debt assumed by purchaser in sale of subsidiary
|
|
—
|
—
|
—
|
—
|
—
|
$962k
|
|
Non-cash acquisition of non-controlling interest
|
|
—
|
—
|
—
|
$1.5m
|
—
|
—
|
|
Shares repurchased and retired
|
|
—
|
—
|
—
|
$30k
|
—
|
—
|
|
Net Cash from Operating Activities
|
|
($353k)
|
($1.5m)
|
$11.8m
|
($581k)
|
$1.2m
|
($605k)
|
|
Net cash provided by operating activities from continuing operations
|
|
($11.5m)
|
($26.0m)
|
($59.4m)
|
$33.3m
|
$22.3m
|
$961k
|
|
Net cash provided by operating activities
|
|
($11.5m)
|
($26.0m)
|
($57.6m)
|
$33.3m
|
$23.5m
|
$356k
|
|
Purchases of property, plant, and equipment
|
|
($657k)
|
($4.8m)
|
($4.5m)
|
($9.5m)
|
($1.8m)
|
($517k)
|
|
Acquisition of businesses and assets, net of cash acquired
|
|
—
|
($8.6m)
|
—
|
($37k)
|
—
|
—
|
|
Net cash provided by (used in) investing activities from continuing operations
|
|
—
|
—
|
($4.0m)
|
($9.8m)
|
($2.1m)
|
$7.3m
|
|
Net Cash from Investing Activities
|
|
—
|
—
|
($64k)
|
($43k)
|
($9k)
|
($43k)
|
|
Net cash provided by (used in) investing activities
|
|
($699k)
|
($14.5m)
|
($4.0m)
|
($9.8m)
|
($2.1m)
|
$7.3m
|
|
Proceeds from Debt Issuance
|
|
$108.3m
|
$164.0m
|
$193.0m
|
$3.7m
|
$862k
|
$568k
|
|
Net Cash from Financing Activities
|
|
—
|
$67.1m
|
$446k
|
$59.6m
|
($2.4m)
|
$571k
|
|
Net cash used in financing activities from continuing operations
|
|
—
|
—
|
$76.5m
|
($21.4m)
|
($30.8m)
|
($6.7m)
|
|
Net cash used in financing activities
|
|
$18.8m
|
$42.8m
|
$75.0m
|
($21.2m)
|
($33.2m)
|
($6.1m)
|
|
Effect of Exchange Rate on Cash
|
|
($2.9m)
|
($482k)
|
($3.0m)
|
($3.1m)
|
($7k)
|
$565k
|
|
Net increase (decrease) in cash and cash equivalents
|
|
$3.7m
|
$1.7m
|
$10.4m
|
($806k)
|
($11.8m)
|
$2.1m
|
|
Cash and cash equivalents, beginning of year
|
|
$12.7m
|
$14.4m
|
$24.8m
|
$24.0m
|
$12.2m
|
$14.3m
|