Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Operating activities:    
Net loss $ (11,482) $ (27,041)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Net loss from discontinued operations 3,220 9,987
Deferred income tax expense (benefit) 403 (1,602)
Depreciation and amortization on plant, property and equipment and intangible assets 441 664
Amortization of deferred financing costs 219 81
Loss on disposals of property, plant and equipment 210 30
Gain on sale of business and net assets held for sale   (239)
Bad debt expense (67) 45
Stock-based compensation 507 1,429
Payable-in-kind interest 1,301 531
Changes in operating assets and liabilities, net of business sold:    
Accounts receivable 4,514 (6,212)
Costs and estimated earnings in excess of billings (2,628) 4,379
Other current assets 2,368 5,928
Other assets (1,079) 2,572
Accounts payable 189 (1,008)
Accrued and other liabilities 2,608 (4,110)
Billings in excess of costs and estimated earnings (943) 1,475
Net cash provided by (used in) operating activities, continuing operations (219) (13,091)
Net cash provided by (used in) operating activities, discontinued operations (4,110) 7,374
Net cash provided by (used in) operating activities (4,329) (5,717)
Investing activities:    
Proceeds from sale of business, net of restricted cash and transaction costs   20,206
Purchase of property, plant and equipment (114) (11)
Other investing activities   3,286
Net cash provided by (used in) investing activities, continuing operations (114) 23,481
Net cash provided by (used in) investing activities, discontinued operations 319 (573)
Net cash provided by (used in) investing activities 205 22,908
Financing activities:    
Repurchase of stock-based awards for payment of statutory taxes due on stock-based compensation (328) (223)
Debt issuance costs   (1,704)
Dividends paid   (9)
Proceeds from long-term debt   161,599
Payments of long-term debt   (165,515)
Net cash provided by (used in) financing activities, continuing operations (328) (5,852)
Net cash provided by (used in) financing activities, discontinued operations 0 0
Net cash provided by (used in) financing activities (328) (5,852)
Effect of exchange rate change on cash, continuing operations 0 25
Effect of exchange rate change on cash, discontinued operations   261
Effect of exchange rate change on cash   286
Net change in cash, cash equivalents and restricted cash (4,452) 11,625
Cash, cash equivalents and restricted cash, beginning of period 16,156 11,570
Cash, cash equivalents and restricted cash, end of period 11,704 23,195
Supplemental Disclosures:    
Cash paid for interest 1,498 3,416
Cash paid for income taxes, net of refunds $ 16 992
Noncash repayment of revolving credit facility   (36,224)
Noncash upfront fee related to senior secured term loan facility   $ (3,150)