Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.2.0.727
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash paid for interest $ 1,470 $ 0
Bad debt expense 172 0
Gain on sale of discontinued operations (217) 0
Interest accretion 546 0
Cash Flows From Operating Activities    
Net income (loss) (10,846) (4,270)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 2,499 837
Realignment accrual accretion 70 71
Stock-based compensation 1,054 1,358
Other changes in assets and liabilities:    
Increase in accounts receivable (3,843) (1,424)
Decrease in unbilled costs (310) 1,046
(Increase) decrease in other current assets (205) 505
Decrease in other long-term assets 2,482 138
(Decrease) increase in accounts payable 42 (295)
Increase (decrease) in unearned contract revenue 2,154 (1,528)
Increase (decrease) in accrued salaries and bonus 3,309 (3,386)
(Decrease) increase in other accrued expenses (5,984) (570)
Increase (decrease) in long-term liabilities 937 (770)
Net cash used in operating activities (8,140) (8,288)
Cash Flows From Investing Activities    
Purchase of property and equipment (542) (860)
Loan to privately held non-controlled entity 0 (655)
Net cash used in investing activities (542) (1,515)
Cash Flows From Financing Activities    
Payments for Repurchase of Common Stock (32) (215)
Net cash used in financing activities (32) (215)
Net increase (decrease) in cash and cash equivalents (8,714) (10,018)
Cash and cash equivalents – beginning 23,111 45,639
Cash and cash equivalents – ending $ 14,397 $ 35,621