|
Net Income
|
|
$8.7m
|
$14.0m
|
$18.3m
|
$31.6m
|
$41.4m
|
$52.8m
|
$45.5m
|
$51.6m
|
|
Depreciation of property, plant and equipment
|
|
$736k
|
$916k
|
$1.3m
|
$1.9m
|
$3.4m
|
$4.5m
|
$5.8m
|
$6.3m
|
|
Amortization of intangible assets
|
|
$643k
|
$781k
|
$956k
|
$2.5m
|
$4.4m
|
$5.1m
|
$5.9m
|
$7.0m
|
|
Deferred income tax
|
|
($86k)
|
$117k
|
($273k)
|
$1.0m
|
($471k)
|
($921k)
|
($2.7m)
|
($299k)
|
|
Stock compensation
|
|
—
|
$0
|
$0
|
$169k
|
$522k
|
$1.6m
|
$3.2m
|
$2.8m
|
|
Gain on sale of property and equipment
|
|
$26k
|
($11k)
|
($3k)
|
($36k)
|
($8k)
|
($13k)
|
($49k)
|
($13k)
|
|
Provision for credit losses
|
|
$190k
|
$242k
|
$114k
|
$302k
|
$467k
|
$243k
|
$390k
|
$922k
|
|
Accounts receivable, net
|
|
($261k)
|
($1.8m)
|
($2.4m)
|
($432k)
|
($2.6m)
|
($7.0m)
|
($5.6m)
|
($20.4m)
|
|
Inventory, net
|
|
$11k
|
($4.3m)
|
($6.8m)
|
($26.9m)
|
($28.6m)
|
($24.8m)
|
($4.8m)
|
$11.5m
|
|
Prepaid expenses and other current assets
|
|
$133k
|
($1.7m)
|
$949k
|
($2.2m)
|
$259k
|
$604k
|
($2.2m)
|
($3.9m)
|
|
Income taxes receivable and payable
|
|
—
|
—
|
—
|
($766k)
|
$1.2m
|
($1.2m)
|
($267k)
|
$249k
|
|
Accounts payable and accrued liabilities
|
|
($3.6m)
|
$3.9m
|
$6.4m
|
$12.0m
|
($7.9m)
|
$6.5m
|
$2.7m
|
$11.3m
|
|
Proceeds from sale of property and equipment
|
|
$155k
|
$68k
|
$61k
|
$66k
|
$73k
|
$29k
|
$40k
|
$48k
|
|
Development of intangible assets
|
|
($387k)
|
($675k)
|
($374k)
|
($964k)
|
($1.6m)
|
($1.3m)
|
($1.9m)
|
($1.6m)
|
|
Net payments on revolving line of credit
|
|
($2.0m)
|
$0
|
—
|
—
|
$1.0m
|
($7.0m)
|
($19.0m)
|
$0
|
|
Repayments of notes payable
|
|
($658k)
|
($1.1m)
|
($1.7m)
|
($695k)
|
($368k)
|
($92k)
|
($60k)
|
($243k)
|
|
Payments of deferred acquisition consideration
|
|
—
|
—
|
—
|
—
|
—
|
$0
|
$0
|
($161k)
|
|
Purchases of treasury shares
|
|
—
|
—
|
—
|
—
|
—
|
$0
|
$0
|
($3.0m)
|
|
Non-cash acquisition consideration
|
|
—
|
—
|
—
|
—
|
—
|
$0
|
$1.6m
|
$24.1m
|
|
Non-cash lease financing
|
|
—
|
—
|
—
|
$9.4m
|
$6.1m
|
$4.2m
|
$8.7m
|
$6.6m
|
|
Non-cash minority interest contribution
|
|
—
|
—
|
—
|
—
|
—
|
$0
|
$0
|
$4.5m
|
|
Net cash provided by operating activities
|
|
$6.8m
|
$11.0m
|
$18.5m
|
$18.3m
|
$12.1m
|
$37.4m
|
$47.8m
|
$66.9m
|
|
Purchases of property, plant and equipment
|
|
($2.0m)
|
($1.6m)
|
($1.8m)
|
($6.7m)
|
($7.9m)
|
($6.4m)
|
($6.7m)
|
($4.0m)
|
|
Acquisition of businesses, net of cash acquired
|
|
($832k)
|
($128k)
|
($2.6m)
|
($49.2m)
|
($4.7m)
|
($18.7m)
|
($9.9m)
|
($26.2m)
|
|
Purchases of long term investments
|
|
—
|
—
|
—
|
—
|
—
|
$0
|
$0
|
($2.1m)
|
|
Net cash used in investing activities
|
|
($3.1m)
|
($2.3m)
|
($4.7m)
|
($56.8m)
|
($14.2m)
|
($26.4m)
|
($18.4m)
|
($33.8m)
|
|
Issuance of Common Stock for vested restricted stock units
|
|
—
|
—
|
—
|
$0
|
$222k
|
$1.0m
|
$1.1m
|
$1.2m
|
|
Net cash used in financing activities
|
|
($3.1m)
|
($1.1m)
|
$3.5m
|
$19.2m
|
$602k
|
($7.3m)
|
($19.3m)
|
($3.7m)
|
|
Increase in cash and cash equivalents during the period
|
|
$472k
|
$7.5m
|
$17.5m
|
($19.4m)
|
($1.6m)
|
$3.6m
|
$10.5m
|
$28.8m
|
|
Net change in cash and cash equivalents
|
|
$605k
|
$7.5m
|
$17.3m
|
($19.3m)
|
($1.5m)
|
$3.8m
|
$10.2m
|
$29.5m
|
|
Foreign exchange impact on cash and cash equivalents
|
|
($132k)
|
$11k
|
$212k
|
($84k)
|
($91k)
|
($219k)
|
$311k
|
($726k)
|
|
Cash and cash equivalents at beginning of year
|
|
$4.0m
|
$11.5m
|
$29.0m
|
$9.6m
|
$8.1m
|
$11.6m
|
$22.1m
|
$50.9m
|
|
Cash paid for interest
|
|
$86k
|
$18k
|
$178k
|
$210k
|
$1.3m
|
$1.2m
|
$1.0m
|
$89k
|
|
Restricted stock withholding taxes paid in lieu of issued shares
|
|
$2.5m
|
$4.1m
|
$0
|
$0
|
($30k)
|
($167k)
|
($193k)
|
($254k)
|
|
Cash paid for income taxes
|
|
$2.5m
|
$4.1m
|
$4.5m
|
$7.8m
|
$9.9m
|
$15.3m
|
$13.6m
|
$12.5m
|