|
Cash flows from operating activities:
|
|
|
|
|
|
|
|
|
|
|
|
|
Adjustments to reconcile net income to net cash provided by operating activities:
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Income (Loss) Attributable to Parent
|
|
$3.9m
|
($17.4m)
|
$17.6m
|
$20.5m
|
$14.2m
|
$18.4m
|
$15.9m
|
($45.8m)
|
($20.4m)
|
$4.4m
|
|
Net Income (Loss) Available to Common Stockholders, Basic
|
|
$3.9m
|
($17.1m)
|
$17.0m
|
$19.7m
|
$13.8m
|
$18.0m
|
$15.6m
|
($44.8m)
|
($19.7m)
|
$4.2m
|
|
Amortization
|
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
$24.5m
|
$27.6m
|
$25.2m
|
|
Amortization of Debt Issuance Costs
|
|
$673k
|
$645k
|
$345k
|
$345k
|
$317k
|
$293k
|
$332k
|
$359k
|
$504k
|
$512k
|
|
Amortization of Intangible Assets
|
|
$10.2m
|
$10.4m
|
$10.5m
|
$11.0m
|
$11.4m
|
$13.8m
|
$17.4m
|
$16.4m
|
$12.5m
|
$12.2m
|
|
Capitalized Computer Software, Amortization
|
|
—
|
—
|
—
|
—
|
$118k
|
$931k
|
$3.5m
|
$8.1m
|
$15.1m
|
$13.0m
|
|
Depreciation
|
|
$3.1m
|
$2.5m
|
$1.8m
|
$1.4m
|
$1.8m
|
$2.2m
|
$2.4m
|
$1.9m
|
$1.3m
|
$1.1m
|
|
Deferred Income Tax Expense (Benefit)
|
|
$3.7m
|
$1.4m
|
($364k)
|
$1.0m
|
$2.8m
|
$3.5m
|
($6.7m)
|
($11.3m)
|
$1.9m
|
$716k
|
|
Share-based Payment Arrangement, Noncash Expense
|
|
$5.4m
|
$7.2m
|
$9.7m
|
$9.8m
|
$7.0m
|
$5.5m
|
$5.2m
|
$3.3m
|
$5.5m
|
$8.7m
|
|
Share-based Payment Arrangement, Expense
|
|
$5.4m
|
$7.2m
|
$9.7m
|
$9.8m
|
$7.0m
|
$5.5m
|
$5.2m
|
$3.3m
|
$5.5m
|
$8.7m
|
|
Goodwill, Impairment Loss
|
|
$0
|
$28.0m
|
$0
|
$0
|
$0
|
$0
|
$0
|
$35.9m
|
$0
|
$0
|
|
Impairment of Intangible Assets (Excluding Goodwill)
|
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
$2.3m
|
$0
|
$0
|
|
Gain (Loss) on Extinguishment of Debt
|
|
$0
|
($1.3m)
|
$0
|
$0
|
($202k)
|
$0
|
($125k)
|
$0
|
$0
|
($304k)
|
|
Gain (Loss) on Disposition of Property Plant Equipment
|
|
$0
|
$0
|
—
|
$0
|
$0
|
($313k)
|
$0
|
($117k)
|
($3.9m)
|
$120k
|
|
Income Tax Expense (Benefit)
|
|
$4.1m
|
$3.9m
|
$476k
|
$3.2m
|
$4.5m
|
$4.6m
|
$2.2m
|
($8.6m)
|
$10.2m
|
($485k)
|
|
Interest Expense Nonoperating
|
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
$16.2m
|
$12.3m
|
|
Other Nonoperating Income (Expense)
|
|
($6.4m)
|
($8.7m)
|
($6.8m)
|
($887k)
|
($2.3m)
|
($1.6m)
|
($4.7m)
|
($11.8m)
|
($670k)
|
($4.6m)
|
|
Changes in operating assets and liabilities:
|
|
|
|
|
|
|
|
|
|
|
|
|
Noncash investing and financing activities:
|
|
|
|
|
|
|
|
|
|
|
|
|
Additional Financial Items
|
|
|
|
|
|
|
|
|
|
|
|
|
Increase (Decrease) in Accounts Receivable
|
|
$3.9m
|
$7.8m
|
$3.9m
|
($641k)
|
($3.7m)
|
$3.2m
|
$12.4m
|
$11.3m
|
($94k)
|
$4.8m
|
|
Increase (Decrease) in Inventories
|
|
($14k)
|
($280k)
|
$81k
|
($72k)
|
($342k)
|
($229k)
|
($71k)
|
($309k)
|
$292k
|
($144k)
|
|
Increase (Decrease) in Accounts Payable
|
|
($5.6m)
|
$779k
|
($2.0m)
|
$2.5m
|
($1.1m)
|
($615k)
|
($1.4m)
|
$3.1m
|
$3.7m
|
$5.0m
|
|
Accounts Receivable, Credit Loss Expense (Reversal)
|
|
$2.3m
|
$3.4m
|
$3.2m
|
$2.3m
|
$4.4m
|
$2.6m
|
$992k
|
$1.9m
|
$3.7m
|
$3.0m
|
|
Proceeds from Stock Options Exercised
|
|
$1.1m
|
$1k
|
$0
|
$3k
|
$0
|
$0
|
$23k
|
$0
|
$0
|
—
|
|
Purchases of property and equipment, accrued but unpaid
|
|
$39k
|
$726k
|
$978k
|
$1.8m
|
$3.3m
|
$920k
|
$270k
|
$346k
|
$1.6m
|
$1.3m
|
|
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal
|
|
$0
|
$0
|
—
|
$0
|
$0
|
$313k
|
$0
|
$117k
|
$1.5m
|
$53k
|
|
General and Administrative Expense
|
|
$53.6m
|
$46.9m
|
$47.3m
|
$43.9m
|
$46.1m
|
$50.0m
|
$56.2m
|
$76.2m
|
$77.0m
|
$80.7m
|
|
Goodwill
|
|
$168.4m
|
$140.4m
|
$140.4m
|
$150.2m
|
$150.2m
|
$177.7m
|
$198.3m
|
$171.9m
|
$172.6m
|
$172.6m
|
|
Nonoperating Income (Expense)
|
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
($16.8m)
|
($17.0m)
|
|
Operating Expenses
|
|
$123.6m
|
$156.1m
|
$124.8m
|
$119.6m
|
$115.2m
|
$116.2m
|
$131.7m
|
—
|
—
|
—
|
|
Provision for Loan, Lease, and Other Losses
|
|
$1.8m
|
$1.8m
|
$1.7m
|
$970k
|
—
|
—
|
—
|
—
|
—
|
—
|
|
Financing Receivable, Credit Loss, Expense (Reversal)
|
|
—
|
—
|
—
|
—
|
$1.6m
|
$481k
|
($211k)
|
($133k)
|
$397k
|
$365k
|
|
Net Cash Provided by (Used in) Operating Activities
|
|
$2.1m
|
$23.6m
|
$23.9m
|
$43.6m
|
$49.1m
|
$47.7m
|
$32.4m
|
$1.1m
|
$32.1m
|
$37.0m
|
|
Cash flows from investing activities:
|
|
|
|
|
|
|
|
|
|
|
|
|
Payments to Acquire Property, Plant, and Equipment
|
|
$39k
|
$726k
|
$978k
|
$1.8m
|
$3.3m
|
$920k
|
$270k
|
$346k
|
$1.6m
|
$1.3m
|
|
Payments to Acquire Businesses, Net of Cash Acquired
|
|
$162.6m
|
$0
|
$0
|
$10.7m
|
$0
|
$59.6m
|
$43.4m
|
$36.7m
|
$664k
|
$0
|
|
Payments to Acquire Investments
|
|
$0
|
$0
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
|
Net Cash Provided by (Used in) Investing Activities
|
|
($151.8m)
|
($726k)
|
($978k)
|
($12.5m)
|
($6.7m)
|
($69.9m)
|
($62.7m)
|
($60.1m)
|
$4.1m
|
($14.7m)
|
|
Cash flows from financing activities:
|
|
|
|
|
|
|
|
|
|
|
|
|
Proceeds from Issuance of Long-term Debt
|
|
$156.4m
|
$777k
|
$0
|
$0
|
$64k
|
$0
|
$575k
|
$0
|
$0
|
$70.0m
|
|
Repayments of Long-term Debt
|
|
$5.2m
|
$12.8m
|
$13.1m
|
$13.6m
|
$4.1m
|
$3.8m
|
$3.6m
|
$3.5m
|
$7.5m
|
$57.2m
|
|
Payments for Repurchase of Common Stock
|
|
—
|
—
|
—
|
—
|
$1.3m
|
$1.3m
|
$11.9m
|
$2.6m
|
$404k
|
$1.9m
|
|
Dividends paid
|
|
$25.1m
|
$11.6m
|
$5.6m
|
$5.7m
|
$4.3m
|
$0
|
$0
|
—
|
—
|
—
|
|
Net Cash Provided by (Used in) Financing Activities
|
|
$127.0m
|
($24.6m)
|
($17.7m)
|
($29.5m)
|
($37.2m)
|
$20.9m
|
$25.9m
|
$55.9m
|
($27.7m)
|
($9.7m)
|
|
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect
|
|
($22.7m)
|
($1.7m)
|
$5.2m
|
$1.6m
|
$5.3m
|
($1.2m)
|
($4.5m)
|
($3.1m)
|
$8.5m
|
$12.5m
|
|
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents
|
|
—
|
—
|
—
|
$7.4m
|
$12.7m
|
$11.4m
|
$7.0m
|
$3.8m
|
$12.3m
|
$24.9m
|
|
Supplemental disclosure of cash flow information:
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest Paid, Excluding Capitalized Interest, Operating Activities
|
|
$5.9m
|
$7.0m
|
$7.1m
|
$6.3m
|
$3.2m
|
$2.8m
|
$5.9m
|
$9.3m
|
$16.2m
|
$14.1m
|
|
Income Taxes Paid, Net
|
|
$110k
|
$1.1m
|
$3.8m
|
$3.2m
|
$2.2m
|
$3.5m
|
$4.8m
|
$3.7m
|
$5.3m
|
$6.0m
|