XML 34 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
 3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
OPERATING ACTIVITIES    
Net loss $ (2,929) $ (632)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Provision for doubtful accounts 50 32
Depreciation and amortization 3,613 2,523
Amortization of financing costs 149 123
Deferred rent (274) (199)
Deferred income tax (179)  
Stock compensation expense 726 671
Undistributed equity earnings 208 (246)
Loss on retirement of debt 319  
Changes in operating assets and liabilities (excluding the effects of business acquisitions)    
Accounts receivable 19,218 35,185
Inventory (3,068) 541
Prepaid expenses, other current assets and other assets (3,755) (94)
Accounts payable, accrued expenses and other liabilities (10,197) (8,009)
Income taxes payable (2,947) (4,933)
NET CASH PROVIDED BY OPERATING ACTIVITIES 934 24,962
INVESTING ACTIVITIES    
Purchases of property and equipment (1,156) (1,187)
NET CASH USED IN INVESTING ACTIVITIES (66,292) (1,187)
FINANCING ACTIVITIES    
Proceeds from Revolving Credit Facility 78,657 40,121
Repayments of Revolving Credit Facility (43,458) (62,750)
Repayment of Senior Secured Term Loan (20,625)  
Proceeds from Credit Agreement Term Loan 50,000  
Payment of financing costs (1,375)  
Proceeds from the exercise of stock options 1,200 302
Cash dividend paid (501) (319)
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES 63,898 (22,646)
Effect of foreign exchange on cash 736 (572)
(DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (724) 557
Cash and cash equivalents at beginning of year 4,947 1,871
CASH AND CASH EQUIVALENTS AT END OF PERIOD 4,223 2,428
Thomas Plant
    
INVESTING ACTIVITIES    
Business acquisition, net of cash acquired (59,856)  
Other Acquisitions
    
INVESTING ACTIVITIES    
Business acquisition, net of cash acquired $ (5,280)