Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.3.0.814
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Cash paid for interest $ 2,153 $ 0
Bad debt expense 202 0
Gain on sale of discontinued operations (217) 0
Increase (Decrease) in Deferred Income Taxes (634)  
Interest accretion 825 0
Cash Flows From Operating Activities    
Net income (loss) (15,741) (8,605)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 3,775 1,328
Realignment accrual accretion 104 106
Stock-based compensation 1,517 1,764
Other changes in assets and liabilities:    
Increase in accounts receivable (4,257) (981)
Decrease in unbilled costs 702 1,644
(Increase) decrease in other current assets 1,084 1,752
Decrease in other long-term assets 2,137 (9)
(Decrease) increase in accounts payable 200 501
Increase (decrease) in unearned contract revenue 396 (1,768)
Increase (decrease) in accrued salaries and bonus 2,155 (2,830)
(Decrease) increase in other accrued expenses (7,318) 186
Increase (decrease) in long-term liabilities 1,534 (1,054)
Net cash used in operating activities (13,536) (7,966)
Cash Flows From Investing Activities    
Purchase of property and equipment (583) (1,298)
Payments to Acquire Productive Assets   (8,500)
Loan to privately held non-controlled entity 0 (655)
Net cash used in investing activities (583) (10,453)
Cash Flows From Financing Activities    
Payments for Repurchase of Common Stock (37) (215)
Net cash used in financing activities (37) (215)
Net increase (decrease) in cash and cash equivalents (14,156) (18,634)
Cash and cash equivalents – beginning 23,111 45,639
Cash and cash equivalents – ending $ 8,955 $ 27,005