v3.5.0.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands |
12 Months Ended |
|
|
|
Operating activities |
|
|
|
Net (loss) income |
$ (59,926)
|
$ (104,815)
|
$ 30,390
|
Adjustments to reconcile net income to net cash provided by operating activities: |
|
|
|
Depreciation and amortization |
6,502
|
9,235
|
16,595
|
Business disposition loss |
|
7,963
|
|
Change in fair value of earn out liability |
|
|
(18,390)
|
Stock compensation expense |
12,247
|
12,405
|
12,605
|
Provision (benefit) for inventory allowance |
2,676
|
(575)
|
271
|
Provision for doubtful accounts |
247
|
1,109
|
151
|
Deferred tax expense (benefit) |
26,177
|
(6,282)
|
828
|
Impairment of goodwill and intangible assets |
18,998
|
147,414
|
|
Incremental tax loss (benefit) from exercise of common stock options and restricted stock |
229
|
38
|
(3,805)
|
Changes in operating assets and liabilities: |
|
|
|
Accounts receivable |
(4,408)
|
12,651
|
2,211
|
Inventory |
(4,776)
|
43,101
|
(49,488)
|
Prepaid and deferred taxes |
27,057
|
(38,545)
|
(2,829)
|
Prepaid expenses and other assets |
(160)
|
(1,499)
|
2,735
|
Accounts payable |
232
|
(4,534)
|
(545)
|
Accrued expenses and other current liabilities |
17,151
|
(18,895)
|
9,659
|
Profit-sharing distributions payable |
(790)
|
(2,228)
|
425
|
Customer payables |
(901)
|
(11,742)
|
12,046
|
Other liabilities |
5,283
|
(1,310)
|
(1,003)
|
Net cash provided by operating activities |
45,838
|
43,491
|
11,856
|
Investing activities |
|
|
|
Cash paid in divestiture |
|
(2,372)
|
|
Cash paid for acquisitions and increase in intangibles |
(62)
|
(137)
|
(141)
|
Purchases of property and equipment, including capitalized software |
(6,090)
|
(7,312)
|
(7,539)
|
Net cash used in investing activities |
(6,152)
|
(9,821)
|
(7,680)
|
Financing activities |
|
|
|
Repurchases of common stock |
|
|
(44,873)
|
Proceeds from exercise of common stock options (net of tax) |
9
|
106
|
4,146
|
Incremental tax benefit from exercise of common stock options and restricted stock |
(229)
|
(38)
|
3,805
|
Net cash (used in) provided by financing activities |
(220)
|
68
|
(36,922)
|
Effect of exchange rate differences on cash and cash equivalents |
(418)
|
(871)
|
235
|
Net increase (decrease) in cash and cash equivalents |
39,048
|
32,867
|
(32,511)
|
Cash and cash equivalents at beginning of period |
95,465
|
62,598
|
95,109
|
Cash and cash equivalents at end of period |
134,513
|
95,465
|
62,598
|
Supplemental disclosure of cash flow information |
|
|
|
Cash received (paid) for income taxes |
$ 33,966
|
$ (5,678)
|
$ (18,108)
|
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