Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Operating activities:    
Net loss $ (25,435) $ (56,523)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:    
Net loss from discontinued operations 11,645 26,504
Deferred income tax provision (benefit) (7,239) (6,270)
Depreciation and amortization on plant, property and equipment and intangible assets 857 1,673
Amortization of deferred financing costs 1,623 5,624
Loss on disposals of property, plant and equipment 637 28
Loss on sale of business and net assets held for sale   (239)
Bad debt expense (90) 560
Stock-based compensation 1,179 2,716
Paid-in-kind interest 1,964 2,767
Restructuring charges 5,689  
Changes in operating assets and liabilities, net of businesses acquired and sold:    
Accounts receivable 3,426 (5,414)
Contract assets 3,269 7,061
Other current assets 2,271 4,681
Other assets (1,038) 387
Accounts payable (2,127) (4,595)
Accrued and other liabilities (1,157) (9,437)
Contract liabilities (3,771) 1,306
Net cash provided by (used in) operating activities, continuing operations (8,297) (29,171)
Net cash provided by (used in) operating activities, discontinued operations (6,125) (1,739)
Net cash provided by (used in) operating activities (14,422) (30,910)
Investing activities:    
Proceeds from sale of business, net of restricted cash and transaction costs   20,206
Proceeds from sale of property, plant and equipment   2
Purchase of property, plant and equipment (137) (112)
Other investing activities   3,286
Net cash provided by (used in) investing activities, continuing operations (137) 23,382
Net cash provided by (used in) investing activities, discontinued operations 319 44,500
Net cash provided by (used in) investing activities 182 67,882
Financing activities:    
Repurchase of stock-based awards for payment of statutory taxes due on stock-based compensation (497) (496)
Debt issuance costs (2,189) (1,840)
Dividends paid   (9)
Proceeds from short-term borrowings 46,688  
Repayments of short-term borrowings (43,414)  
Proceeds from long-term debt 33,679 171,599
Repayments of long-term debt (31,241) (202,353)
Net cash provided by (used in) financing activities, continuing operations 3,026 (33,099)
Net cash provided by (used in) financing activities 3,026 (33,099)
Effect of exchange rate change on cash, discontinued operations   713
Effect of exchange rate change on cash   713
Net change in cash, cash equivalents and restricted cash (11,214) 4,586
Cash, cash equivalents and restricted cash, beginning of year 16,156 11,570
Cash, cash equivalents and restricted cash, end of year 4,942 16,156
Supplemental Disclosures:    
Cash paid for interest 5,652 5,559
Cash paid for income taxes, net of refunds 16 1,806
Noncash repayment of revolving credit facility   (36,224)
Noncash upfront fee related to senior secured term loan facility   $ 4,550
Noncash amendment fee related to term loan $ 4,000