• Filing Date: 2017-08-09
  • Form Type: 10-Q
  • Description: Quarterly report
v3.7.0.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash flows from operating activities:    
Net loss $ (3,674) $ (3,520)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation 1,268 1,383
Amortization and write off of debt issuance costs 427 168
Service parts lower of cost or market adjustment 1,257 1,337
Tax benefit from settlement (1,656) 0
Non-cash interest expense 277 0
Deferred income taxes 120 75
Share-based compensation 1,613 1,998
Changes in assets and liabilities:    
Accounts receivable, net 6,638 15,426
Manufacturing inventories (709) 3,686
Service parts inventories (1,034) (124)
Accounts payable 3,318 (8,364)
Accrued warranty (102) 14
Deferred revenue (5,633) (4,426)
Accrued restructuring charges 1,444 726
Accrued compensation (2,047) 580
Other assets and liabilities (489) (3,798)
Net cash provided by operating activities 1,018 5,161
Cash flows from investing activities:    
Purchases of property and equipment (123) (529)
Return of capital from investments 278 0
Restricted cash (2) (15)
Net cash provided by (used in) investing activities 153 (544)
Cash flows from financing activities:    
Borrowings of long-term debt 71,800 3,000
Repayments of long-term debt (77,175) (6,959)
Payment of taxes due upon vesting of restricted stock (111) (27)
Proceeds from issuance of common stock 5 0
Net cash used in financing activities (5,481) (3,986)
Effect of exchange rate changes on cash and cash equivalents 13 (5)
Net (decrease) increase in cash and cash equivalents (4,297) 626
Cash and cash equivalents at beginning of period 12,958 33,870
Cash and cash equivalents at end of period 8,661 34,496
Supplemental disclosure of cash flow information:    
Purchases of property and equipment included in accounts payable $ 78 $ 191