|
Cash flows from operating activities:
|
|
|
|
|
|
|
|
|
|
|
|
|
Adjustments to reconcile net income to net cash provided by operating activities:
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Income (Loss) Attributable to Parent
|
|
($1.7m)
|
($17.3m)
|
($35.2m)
|
($23.0m)
|
($51.9m)
|
($51.3m)
|
($24.3m)
|
($43.4m)
|
$40.8m
|
($10.8m)
|
|
Net Income (Loss) Available to Common Stockholders, Basic
|
|
($7.9m)
|
($17.3m)
|
($35.2m)
|
($23.0m)
|
($51.9m)
|
($51.3m)
|
($24.3m)
|
($43.4m)
|
$40.8m
|
($10.8m)
|
|
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
|
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
$40.8m
|
($10.8m)
|
|
Depreciation, Depletion and Amortization
|
|
$2.9m
|
$4.0m
|
$4.5m
|
$4.8m
|
$4.5m
|
$4.6m
|
$6.0m
|
$13.6m
|
$13.6m
|
$15.0m
|
|
Amortization of Debt Issuance Costs and Discounts
|
|
—
|
$95k
|
$75k
|
$206k
|
$3.7m
|
$568k
|
$1.6m
|
$1.6m
|
$1.6m
|
$1.8m
|
|
Amortization of Intangible Assets
|
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
$5.0m
|
$2.9m
|
$2.1m
|
|
Depreciation
|
|
$2.9m
|
$4.0m
|
$4.5m
|
$4.8m
|
$4.5m
|
$4.6m
|
$6.0m
|
$8.7m
|
$10.7m
|
$13.0m
|
|
Deferred Income Tax Expense (Benefit)
|
|
$90k
|
($231k)
|
($396k)
|
$12k
|
($43k)
|
$8k
|
$6k
|
($931k)
|
($567k)
|
($396k)
|
|
Share-based Payment Arrangement, Noncash Expense
|
|
$2.8m
|
$7.4m
|
$11.3m
|
$18.5m
|
$25.7m
|
$40.5m
|
$42.4m
|
$48.0m
|
$56.5m
|
$55.3m
|
|
Payment, Tax Withholding, Share-based Payment Arrangement
|
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
$3.2m
|
|
Share-based Payment Arrangement, Expense
|
|
$2.8m
|
$7.4m
|
$11.3m
|
$18.5m
|
$25.7m
|
$40.5m
|
$42.4m
|
$48.0m
|
$56.5m
|
$55.3m
|
|
Gain (Loss) on Disposition of Assets
|
|
—
|
—
|
—
|
—
|
—
|
—
|
($57k)
|
—
|
—
|
—
|
|
Gain (Loss) on Extinguishment of Debt
|
|
—
|
—
|
—
|
($576k)
|
—
|
—
|
—
|
—
|
—
|
—
|
|
Income Tax Expense (Benefit)
|
|
$168k
|
($97k)
|
($233k)
|
$198k
|
$89k
|
$153k
|
$184k
|
($322k)
|
$157k
|
($69k)
|
|
Other Nonoperating Income (Expense)
|
|
—
|
—
|
$808k
|
$1.2m
|
$650k
|
$25k
|
$2.5m
|
$4.6m
|
$7.9m
|
$9.2m
|
|
Changes in operating assets and liabilities:
|
|
|
|
|
|
|
|
|
|
|
|
|
Additional Financial Items
|
|
|
|
|
|
|
|
|
|
|
|
|
Increase (Decrease) in Accounts Receivable
|
|
$4.5m
|
$4.8m
|
($3.8m)
|
$5.3m
|
$1.3m
|
$10.4m
|
$14.5m
|
$3.7m
|
$2.0m
|
$13.7m
|
|
Increase (Decrease) in Inventories
|
|
$15.9m
|
$19.3m
|
($2.4m)
|
($10.6m)
|
$2.2m
|
($14.4m)
|
$24.4m
|
$49.6m
|
$2.2m
|
($14.5m)
|
|
Increase (Decrease) in Accounts Payable
|
|
$3.9m
|
($2.8m)
|
$326k
|
$1.0m
|
$3.5m
|
$2.3m
|
$7.4m
|
($12.3m)
|
$9.3m
|
($3.4m)
|
|
Gain (Loss) Related to Litigation Settlement
|
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
$45.0m
|
$0
|
|
General and Administrative Expense
|
|
$12.4m
|
$18.2m
|
$22.3m
|
$24.1m
|
$35.0m
|
$36.1m
|
$45.5m
|
$60.8m
|
$51.8m
|
$49.2m
|
|
Goodwill
|
|
$3.9m
|
—
|
—
|
—
|
—
|
—
|
—
|
$19.7m
|
$18.7m
|
$20.7m
|
|
Induced Conversion of Convertible Debt Expense
|
|
—
|
—
|
—
|
—
|
—
|
$11.3m
|
$2.2m
|
$0
|
$0
|
$15.0m
|
|
Inventory Write-down
|
|
$420k
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
|
Operating Expenses
|
|
$59.9m
|
$82.0m
|
$93.2m
|
$95.7m
|
$112.2m
|
$136.2m
|
$157.4m
|
$195.5m
|
$195.9m
|
$190.4m
|
|
Proceeds from Stock Options Exercised
|
|
$600k
|
$4.7m
|
$2.7m
|
$9.1m
|
$10.2m
|
$17.6m
|
$15.4m
|
$8.7m
|
$20.3m
|
$11.8m
|
|
Restructuring Costs
|
|
—
|
—
|
($454k)
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
|
Net Cash Provided by (Used in) Operating Activities
|
|
($9.5m)
|
($35.9m)
|
($11.8m)
|
$4.7m
|
($16.9m)
|
$6.5m
|
$641k
|
($49.4m)
|
$128.3m
|
$58.7m
|
|
Cash flows from investing activities:
|
|
|
|
|
|
|
|
|
|
|
|
|
Payments to Acquire Property, Plant, and Equipment
|
|
$3.5m
|
$6.6m
|
$6.4m
|
$2.4m
|
$3.1m
|
$16.2m
|
$12.1m
|
$18.6m
|
$17.1m
|
$12.9m
|
|
Payments to Acquire Businesses, Net of Cash Acquired
|
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
$23.4m
|
—
|
—
|
|
Payments to Acquire Investments
|
|
$67.1m
|
$49.1m
|
$51.7m
|
$72.4m
|
$82.7m
|
$84.4m
|
$205.7m
|
—
|
$202.1m
|
$202.8m
|
|
Net Cash Provided by (Used in) Investing Activities
|
|
($70.6m)
|
$21.4m
|
($5.7m)
|
($13.1m)
|
($36.3m)
|
($18.6m)
|
($102.8m)
|
$115.8m
|
($192.6m)
|
($48.0m)
|
|
Cash flows from financing activities:
|
|
|
|
|
|
|
|
|
|
|
|
|
Proceeds from Issuance of Long-term Debt
|
|
$61.4m
|
—
|
$16.4m
|
$4.0m
|
—
|
—
|
—
|
—
|
—
|
—
|
|
Repayments of Long-term Debt
|
|
$65.3m
|
$2.8m
|
$2.5m
|
$28.2m
|
—
|
—
|
—
|
—
|
—
|
—
|
|
Net Cash Provided by (Used in) Financing Activities
|
|
$103.6m
|
$137k
|
$15.7m
|
$57.8m
|
$9.9m
|
$112.4m
|
($2.1m)
|
$8.7m
|
$15.7m
|
($8.9m)
|
|
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect
|
|
—
|
—
|
—
|
$49.4m
|
($43.3m)
|
$100.3m
|
($104.3m)
|
$75.2m
|
($48.7m)
|
$2.2m
|
|
Supplemental disclosure of cash flow information:
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest Paid, Excluding Capitalized Interest, Operating Activities
|
|
$1.5m
|
$814k
|
$1.2m
|
$1.6m
|
$1.7m
|
$1.6m
|
$3.4m
|
$3.2m
|
$3.2m
|
$2.8m
|
|
Income Taxes Paid, Net
|
|
$46k
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
$633k
|