XML 18 R7.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash Flows from Operating Activities:    
Net loss $ (3,910,000) $ (224,000)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 15,983,000 13,849,000
Depletion of landfill operating lease obligations 2,392,000 1,764,000
Interest accretion on landfill and environmental remediation liabilities 1,422,000 965,000
Amortization of debt issuance costs and discount on long-term debt 689,000 646,000
Stock-based compensation 2,077,000 1,257,000
Gain on sale of property and equipment (283,000) (84,000)
Southbridge Landfill non-cash closure charge 1,403,000 0
Development project charge 311,000 0
Loss on debt extinguishment 0 472,000
Deferred income taxes (1,187,000) (74,000)
Changes in assets and liabilities, net of effects of acquisitions and divestitures:    
Accounts receivable 1,242,000 5,569,000
Accounts payable 1,405,000 (4,485,000)
Prepaid expenses, inventories and other assets (504,000) (145,000)
Accrued expenses, contract liabilities and other liabilities (8,246,000) (8,834,000)
Net cash provided by operating activities 12,794,000 10,676,000
Cash Flows from Investing Activities:    
Acquisitions, net of cash acquired (18,958,000) (414,000)
Acquisition related additions to property, plant and equipment (998,000) (58,000)
Additions to property, plant and equipment (7,920,000) (8,634,000)
Payments on landfill operating lease contracts (509,000) (977,000)
Proceeds from sale of property and equipment 342,000 84,000
Net cash used in investing activities (28,043,000) (9,999,000)
Cash Flows from Financing Activities:    
Proceeds from long-term borrowings 66,700,000 71,200,000
Principal payments on long-term debt (51,364,000) (71,933,000)
Payments of debt issuance costs 0 (620,000)
Proceeds from the exercise of share based awards 310,000 358,000
Net cash provided by (used in) financing activities 15,646,000 (995,000)
Net increase (decrease) in cash and cash equivalents 397,000 (318,000)
Cash and cash equivalents, beginning of period 1,995,000 2,544,000
Cash and cash equivalents, end of period 2,392,000 2,226,000
Cash paid during the period for:    
Interest 5,547,000 8,045,000
Income taxes, net of refunds 36,000 54,000
Supplemental Disclosure of Non-Cash Investing and Financing Activities:    
Non-current assets obtained through long-term obligations $ 1,444,000 $ 0