|
Net income
|
|
—
|
—
|
($550k)
|
$3.6m
|
($7.6m)
|
$6.1m
|
$5.9m
|
$13.2m
|
$13.1m
|
$20.6m
|
|
Depreciation and amortization
|
|
$5.5m
|
$5.0m
|
$4.6m
|
$4.4m
|
$4.7m
|
$4.3m
|
$3.6m
|
$3.8m
|
$3.6m
|
$4.9m
|
|
Deferred tax expense
|
|
—
|
—
|
—
|
($213k)
|
($669k)
|
($195k)
|
$479k
|
($6.9m)
|
$1.6m
|
$1.1m
|
|
Stock-based compensation expense
|
|
$389k
|
$1.4m
|
$1.2m
|
$1.0m
|
$1.0m
|
$1.1m
|
$1.0m
|
$913k
|
$860k
|
$2.5m
|
|
Provision on uncollectible accounts
|
|
$657k
|
$15k
|
$71k
|
$101k
|
$72k
|
$20k
|
$142k
|
$89k
|
$4k
|
$880k
|
|
(Gain) loss on disposal of fixed assets
|
|
($292k)
|
$219k
|
$46k
|
$318k
|
$58k
|
$41k
|
$43k
|
($6k)
|
$292k
|
($16k)
|
|
Accounts payable
|
|
($1.9m)
|
$4.6m
|
($3.6m)
|
($2.6m)
|
$730k
|
$3.2m
|
$1.1m
|
$8.8m
|
($1.2m)
|
$481k
|
|
Accrued compensation and payroll taxes
|
|
($9.2m)
|
($1.8m)
|
$1.2m
|
($576k)
|
($1.6m)
|
$2.1m
|
$65k
|
($1.1m)
|
$1.5m
|
$772k
|
|
Inventories
|
|
$5.5m
|
($3.3m)
|
$4.4m
|
($2.2m)
|
$2.4m
|
($1.6m)
|
($1.5m)
|
($830k)
|
($1.8m)
|
($1.4m)
|
|
Customers' deposits
|
|
($2.3m)
|
$2.6m
|
($1.5m)
|
($1.5m)
|
($117k)
|
$990k
|
($336k)
|
$2.3m
|
($1.6m)
|
$9.3m
|
|
Income tax receivable
|
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
$0
|
$15k
|
|
Prepaid expenses and other current assets
|
|
($997k)
|
($471k)
|
($700k)
|
$1.7m
|
($2.7m)
|
($2.2m)
|
($123k)
|
($2.8m)
|
($447k)
|
$3.2m
|
|
Accounts receivable
|
|
$13.7m
|
($1.1m)
|
($354k)
|
$1.7m
|
$3.4m
|
($21.3m)
|
($3.2m)
|
($4.9m)
|
$2.5m
|
($22.6m)
|
|
Costs and estimated earnings in excess of billings on uncompleted contracts
|
|
$296k
|
$1.5m
|
($547k)
|
($910k)
|
($2.3m)
|
$2.2m
|
($351k)
|
($1.2m)
|
$916k
|
($1.7m)
|
|
Billings in excess of costs and estimated earnings on uncompleted contracts
|
|
$296k
|
$1.5m
|
($547k)
|
($910k)
|
($2.3m)
|
$2.2m
|
($351k)
|
($1.2m)
|
$753k
|
$904k
|
|
Unbilled accounts receivable
|
|
—
|
—
|
—
|
—
|
$247k
|
($351k)
|
($9.8m)
|
($5.1m)
|
($3.0m)
|
($9.9m)
|
|
Other assets and liabilities
|
|
($5.0m)
|
$762k
|
$508k
|
($143k)
|
$2.5m
|
$2.1m
|
$454k
|
$8.3m
|
($2.4m)
|
($85k)
|
|
Proceeds from sales of property and equipment
|
|
$4.4m
|
$1k
|
—
|
—
|
$2k
|
$9k
|
$94k
|
$3k
|
$27k
|
$17k
|
|
Proceeds from revolving lines
|
|
$40.0m
|
$40.5m
|
$64.7m
|
$73.2m
|
$40.0m
|
$23.1m
|
$96.9m
|
$155.7m
|
$76.3m
|
$91.9m
|
|
Payments of principal on finance obligation
|
|
—
|
—
|
—
|
—
|
($432k)
|
($375k)
|
($338k)
|
($118k)
|
($360k)
|
($229k)
|
|
Increase (decrease) in drafts payable
|
|
($323k)
|
$34k
|
$192k
|
($129k)
|
$0
|
$58k
|
$42k
|
($197k)
|
$46k
|
($17k)
|
|
Payments on finance lease obligations, net
|
|
—
|
—
|
—
|
—
|
—
|
—
|
($338k)
|
($193k)
|
($31k)
|
($84k)
|
|
Fixed assets acquired under financing leases - non-cash
|
|
—
|
—
|
—
|
$848k
|
—
|
—
|
—
|
$139k
|
$0
|
$711k
|
|
Fixed assets acquired - non-cash
|
|
$8k
|
$841k
|
—
|
—
|
—
|
—
|
$0
|
$139k
|
$21k
|
$257k
|
|
Net cash provided by operating activities
|
|
($4.2m)
|
($1.8m)
|
$5.0m
|
$4.1m
|
$165k
|
($2.6m)
|
($1.2m)
|
$14.7m
|
$13.9m
|
$9.2m
|
|
Capital expenditures
|
|
($2.3m)
|
($2.5m)
|
($1.4m)
|
($1.9m)
|
($2.0m)
|
($2.3m)
|
($7.0m)
|
($11.1m)
|
($2.9m)
|
($10.4m)
|
|
Net cash used in investing activities
|
|
$10.2m
|
($2.4m)
|
($1.4m)
|
($1.9m)
|
($2.0m)
|
($2.3m)
|
($6.4m)
|
($11.1m)
|
($2.8m)
|
($10.4m)
|
|
Payments of debt on revolving lines
|
|
($49.3m)
|
($37.4m)
|
($62.8m)
|
($73.0m)
|
($43.2m)
|
($22.6m)
|
($91.4m)
|
($157.0m)
|
($76.5m)
|
($84.2m)
|
|
Payments of debt on mortgage
|
|
—
|
—
|
—
|
—
|
$0
|
($892k)
|
$0
|
—
|
($360k)
|
($222k)
|
|
Net cash provided by (used in) financing activities
|
|
($14.9m)
|
$3.5m
|
$1.1m
|
($301k)
|
($4.1m)
|
$6.2m
|
$4.5m
|
($3.3m)
|
($907k)
|
$6.6m
|
|
Effect of exchange rate changes on cash, cash equivalents and restricted cash
|
|
($70k)
|
$395k
|
($335k)
|
$34k
|
($343k)
|
($10k)
|
$102k
|
$70k
|
($296k)
|
($154k)
|
|
Net increase in cash, cash equivalents and restricted cash
|
|
($10.3m)
|
($380k)
|
$4.4m
|
$1.9m
|
($6.3m)
|
$1.4m
|
($3.0m)
|
$447k
|
$9.9m
|
$5.2m
|
|
Cash, cash equivalents and restricted cash - beginning of period
|
|
$19.0m
|
$8.7m
|
$12.7m
|
$14.7m
|
$8.4m
|
$9.8m
|
$6.8m
|
$7.2m
|
$17.1m
|
$22.3m
|
|
Interest paid
|
|
$773k
|
$804k
|
$1.3m
|
$902k
|
$540k
|
$791k
|
$2.0m
|
$2.3m
|
$1.9m
|
$1.8m
|
|
Stock options exercised and taxes paid related to restricted shares vested
|
|
$1.4m
|
($214k)
|
$511k
|
$221k
|
($191k)
|
($210k)
|
($206k)
|
($273k)
|
($179k)
|
($509k)
|
|
Income taxes paid
|
|
$1.4m
|
$1.1m
|
$1.7m
|
$2.1m
|
$107k
|
$1.3m
|
$2.5m
|
$3.3m
|
$3.7m
|
$4.1m
|