XML 17 R5.htm IDEA: XBRL DOCUMENT v3.5.0.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 5,309 $ 6,870
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 16,371 17,240
Deferred income taxes (1,773) (2,629)
Stock-based compensation 1,739 2,616
Bad debt allowance 61 402
Inventory allowance 32 70
Gain on sale of assets (49) (81)
Loss on retirement of rental equipment 0 4,370
Gain on company owned life insurance (7) 0
Changes in current assets and liabilities:    
Trade accounts receivables 3,714 2,449
Inventory 3,556 3,912
Prepaid expenses (604) 2,287
Accounts payable and accrued liabilities (550) (7,107)
Current income tax liability 0 5,086
Deferred income 1,629 (646)
Other 133 (19)
Tax benefit from equity compensation (51) 0
NET CASH PROVIDED BY OPERATING ACTIVITIES 29,510 34,820
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property and equipment (3,359) (11,163)
Purchase of company owned life insurance (142) 0
Proceeds from sale of property and equipment 49 113
NET CASH USED IN INVESTING ACTIVITIES (3,452) (11,050)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Payments from other long-term liabilities, net (8) (20)
Proceeds from exercise of stock options 433 733
Taxes paid related to net share settlement of equity awards (909) (686)
Tax benefit from equity compensation 51 0
NET CASH (USED IN)/PROVIDED BY FINANCING ACTIVITIES (433) 27
NET CHANGE IN CASH AND CASH EQUIVALENTS 25,625 23,797
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 35,532 6,181
CASH AND CASH EQUIVALENTS AT END OF PERIOD 61,157 29,978
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Interest paid 6 13
Income taxes paid 4,795 3,185
NON-CASH TRANSACTIONS    
Transfer of rental equipment components to inventory 164 1,065
Transfer from inventory to property and equipment $ 0 $ 1,622