Cash flows from operating activities: | |
Net income (loss) | 10.69M |
Loss from discontinued operations | |
Income (loss) from continuing operations | |
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | |
Depreciation and amortization | |
Stock-based compensation expense | 1.03M |
Deferred revenue recognized | |
Deferred loan costs recognized | 1.81M |
Write-off of debt issuance costs | |
Gain on sale of assets | -33.63M |
Provision for excess and obsolete inventory | 132K |
Other noncash items | -178K |
Contributions to pension plans | 0 |
Change in operating assets and liabilities: | |
Accounts receivable | 3.64M |
Inventory | -1.64M |
Prepaid expenses and other assets | |
Accounts payable | -1.83M |
Accrued and other liabilities | 966K |
Net cash provided by (used in) operating activities | |
Cash flows from investing activities: | |
Capital expenditures, net | -1.4M |
Proceeds from sale of assets | 50.41M |
Changes in nonoperating assets and liabilities | |
Net cash used in investing activities | |
Cash flows from financing activities: | |
Repayment of former Revolving Credit Agreement | |
Repayment of former Senior Notes | |
Net proceeds from Credit Facility | |
Payments for deferred loan costs | |
Proceeds from the issuance of common stock | |
Net cash used in financing activities | -14.8M |
Net decrease in cash and cash equivalents | 19.75M |
Cash and cash equivalents at beginning of period | 1.35M |
Cash and cash equivalents at end of period | 21.1M |