Annual report pursuant to Section 13 and 15(d)

Condensed Consolidated Statements Of Cash Flows

v3.3.1.900
Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Cash Flows From Operating Activities:      
Net (loss) income $ (75,971) $ 14,007 $ (5,870)
Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities:      
Depreciation of property and equipment 3,462 4,292 4,696
Amortization of intangible assets 2,111 3,202 3,583
Impairment of goodwill 29,507    
Impairment of long-lived assets   2,056  
Gain on sale of discontinued operation (8,436) (39,491)  
Accretion of notes payable 1,537 1,337 1,162
Loss on disposition of assets 183 46 59
Gain from removal of accumulated translation adjustment (500)    
Stock-based compensation 449 1,853 3,010
Deferred income taxes 50,404 4,977 (1,847)
Changes in operating assets and liabilities:      
Accounts receivable 1,726 (7,866) (8,903)
Inventories (558) (20,685) 7,430
Prepaid and other current assets (191) 1,583 (312)
Accounts payable and accrued liabilities (3,248) 5,424 4,463
Income taxes 3,088    
Other 106 590  
Net cash provided by (used in) operating activities 3,669 (28,675) 7,471
Cash Flows From Investing Activities:      
Proceeds from the sale of POC and Gregory Mountain Products 60,875 81,140  
Purchase of marketable securities   (9,994)  
Purchase of intangible assets     (750)
Proceeds from disposition of property and equipment 335 12 38
Purchase of property and equipment (2,804) (2,879) (4,364)
Net cash provided by (used in) investing activities 58,406 68,279 (5,076)
Cash Flows From Financing Activities:      
Net proceeds from (repayments of) revolving credit facilities 2,202 (6,456) (12,771)
Repayments of long-term debt (21) (9,453) (1,158)
Proceeds from issuance of long-term debt 43   10,216
Purchase of treasury stock (6,990) (184)  
Proceeds from exercise of stock options 264 1,558 1,188
Excess tax benefits from share-based payment arrangements   1,684  
Net cash used in financing activities (4,502) (12,851) (2,525)
Effect of foreign exchange rates on cash (206) (197) (503)
Change in cash 57,367 26,556 (633)
Cash, beginning of period 31,034 4,478 5,111
Cash, end of period 88,401 31,034 4,478
Supplemental Disclosure of Cash Flow Information:      
Cash (received) paid for income taxes (7,614) 10,355 (301)
Cash paid for interest 1,344 2,087 2,320
Supplemental Disclosures of Non-Cash Investing and Financing Activities:      
Property and equipment purchased with accounts payable $ 28 $ 567 $ 185