XML 20 R6.htm IDEA: XBRL DOCUMENT v3.7.0.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Operating activities:    
Net income (loss) $ 3,600 $ (1,967)
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation, depletion and accretion of asset retirement obligation 3,412 3,227
Loss (gain) on disposal of assets 157 (30)
Loss on derivatives   5
Bad debt expense   119
Amortization of deferred financing cost 222 80
Accretion of debt discount   159
Deferred income taxes (benefit) 4,158 (3,568)
Stock-based compensation, net 760 420
Non-cash interest expense on Series A preferred stock   3,123
Changes in assets and liabilities:    
Accounts receivable (9,497) 3,309
Unbilled receivables 276  
Inventories 4,688 408
Prepaid expenses and other assets (3,415) 667
Deferred revenue (1,610) (904)
Accounts payable 13 (240)
Accrued and other expenses 4,959 (1,163)
Income taxes payable (7,058) 2,425
Net cash provided by operating activities 665 6,070
Investing activities:    
Purchases of property, plant and equipment (7,729) (761)
Proceeds from disposal of assets 14 71
Net cash used in investing activities (7,715) (690)
Financing activities:    
Repayments of notes payable (282) (938)
Payments under equipment financing obligations (208) (198)
Payment of deferred financing costs (193) 1
Proceeds from equity issuance 26,251  
Payment of equity transaction costs (2,083)  
Repayment of revolving credit facility   (6,216)
Cash dividend on Series A preferred stock   (2)
Purchase of treasury stock (127) (55)
Net cash provided by (used) in financing activities 23,358 (7,408)
Net increase (decrease) in cash, cash equivalents and restricted cash 16,308 (2,028)
Cash and cash equivalents and restricted cash at beginning of year 47,534 3,896
Cash and cash equivalents and restricted cash at end of year 63,842 1,868
Supplemental disclosure of cash flow information    
Cash paid for interest 94 1,772
Cash paid for taxes 7,596 76
Non-cash financing activities:    
Capitalized expenditures in accounts payable and accrued expenses $ 3,006 $ 987