XML 22 R8.htm IDEA: XBRL DOCUMENT v3.7.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Cash flows from operating activities:      
Net income $ 13,024 $ 6,317 $ 4,066
Adjustments to reconcile net income to net cash provided by (used in) operating activities:      
Depreciation and amortization of fixed and intangible assets 16,327 16,474 16,332
Amortization of other long term assets 5,203 5,275 5,811
Amortization of discounted liabilities 16 140 324
Stock-based compensation 3,167 3,881 4,153
Excess tax benefit from share based compensation (96) (23) (300)
Increase in deferred income taxes (151) 27 2,619
Operating loss from equity method investment 353 629 983
Loss (gain) from dilution of equity method investment   7 (954)
Changes in assets and liabilities associated with operations:      
(Increase) decrease in net receivables (11,817) 13,034 (13,471)
Decrease (increase) in inventories 15,901 29,154 (25,801)
Increase in income tax receivable/payable, net 1,186 4,872 4,424
(Increase) decrease in prepaid expenses and other assets (3,872) 2,082 (4,743)
Increase (decrease) in accounts payable 9,015 (5,068) (19,951)
(Decrease) increase in deferred revenue (5,040) 7,990 (2,890)
Increase (decrease) in other payables, accrued program costs and expenses 3,190 (6,223) (4,697)
Net cash provided by (used in) operating activities 46,406 78,568 (34,095)
Cash flows from investing activities:      
Capital expenditures (10,630) (6,899) (7,180)
Investment (3,283) (125) (500)
Acquisitions of intangible assets (224) (36,667)  
Net cash used in investing activities (14,137) (43,691) (7,680)
Cash flows from financing activities:      
Payments under line of credit agreement (107,600) (121,400) (44,600)
Borrowings under line of credit agreement 80,000 90,880 92,450
Payment on other long-term liabilities (704) (1,543) (1,756)
Excess tax benefit from share based compensation 96 23 300
Repurchases of common stock     (1,531)
Proceeds from the issuance of common stock (sale of stock under ESPP and exercise of stock options) 241 317 1,666
Non-controlling interest contribution     299
Payment of cash dividends (578) (1,141) (5,672)
Net cash (used in) provided by financing activities (28,545) (32,864) 41,156
Net increase (decrease) in cash and cash equivalents 3,724 2,013 (619)
Effect of exchange rate changes on cash (1,379) (1,374) (1,176)
Cash and cash equivalents at beginning of year 5,524 4,885 6,680
Cash and cash equivalents at end of year 7,869 5,524 4,885
Cash paid (received) during the year for:      
Interest 1,748 2,750 2,298
Income taxes, net $ 4,947 $ (3,697) $ (8,206)