XML 40 R5.htm IDEA: XBRL DOCUMENT v3.2.0.727
Condensed Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 4,308 $ 6,241
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 11,646 10,288
Deferred income taxes (1,877) 86
Stock based compensation 1,694 1,638
Bad debt allowance 371 0
Inventory allowance 70 0
Gain on sale of assets (50) (40)
Loss on retirement of rental equipment 4,373 0
Changes in current assets and liabilities:    
Trade accounts receivables 594 (363)
Inventory 4,959 (1,453)
Prepaid expenses 4,618 (936)
Accounts payable and accrued liabilities (7,398) 425
Current income tax liability 3,082 2,874
Deferred income (1,450) (234)
Other 33 (8)
Tax benefit from equity compensation 345 (287)
NET CASH PROVIDED BY OPERATING ACTIVITIES 25,318 18,231
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property and equipment (9,563) (28,462)
Proceeds from sale of property and equipment 82 40
NET CASH USED IN INVESTING ACTIVITIES (9,481) (28,422)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Payments from other long-term liabilities, net (14) (21)
Repayments of line of credit, net 0 (140)
Proceeds from exercise of stock options 550 61
Taxes paid related to net share settlement of equity awards (677) 0
Tax benefit from equity compensation (345) 287
NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES (486) 187
NET CHANGE IN CASH AND CASH EQUIVALENTS 15,351 (10,004)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 6,181 24,443
CASH AND CASH EQUIVALENTS AT END OF PERIOD 21,532 14,439
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Interest paid 6 5
Income taxes paid 1,090 981
NON-CASH TRANSACTIONS    
Transfer of rental equipment components to inventory 969 53
Transfer from inventory to property and equipment $ 1,319 $ 0