Annual report pursuant to Section 13 and 15(d)

RESTATEMENT - Consolidated Statement of Cash Flows (Details)

v3.19.2
RESTATEMENT - Consolidated Statement of Cash Flows (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended 9 Months Ended 12 Months Ended
Mar. 31, 2019
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2017
Sep. 30, 2017
Jun. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Jun. 30, 2017
Dec. 31, 2018
Dec. 31, 2017
Mar. 31, 2019
Mar. 31, 2018
Mar. 31, 2017
Cash flows from operating activities:                                
Net loss $ (9,410) $ (4,285) $ (21,617) $ (7,485) $ (23,929) $ (10,199) $ (5,099) $ (4,119) $ (29,103) $ (9,218) $ (9,218) $ (33,387) $ (19,417) $ (42,797) $ (43,346) $ (2,408)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:                                
Depreciation and amortization                               5,635
Amortization of intangible assets       26         52     78        
Amortization of debt issuance costs       171       427 842 855   2,211 1,263 2,825 1,537 1,373
Product and service parts lower of cost or market adjustment       3,871       2,221 5,859 4,163   7,385 7,073     7,609
Share-based compensation expense       427       1,613 1,718 3,013   2,818 4,583 3,409 5,394 6,698
Bad Debt Expense       (895)       11 (383) 292   167 290 315 295 24
Deferred income taxes, net                           2,356 69 497
Loss on disposal of property and equipment                               11
Unrealized foreign exchange (gain)/loss       238       (1,679) 286 (1,019)   382 (963)     (650)
Changes in assets and liabilities:                                
Accounts receivable       (15,017)       (4,595) (19,434) (3,065)   (15,677) (5,846) 8,054 6,510 (370)
Manufacturing inventories       (3,170)       1,781 (11,677) 1,199   (16,475) 2,976 13,054 (2,613) 3,827
Service parts inventories       860       1,195 1,122 2,384   2,050 3,426 (3,506) (6,760) (3,404)
Accounts payable       (11,048)       3,650 (17,520) 7,375   (24,031) 16,229 (25,356) 21,647 (5,284)
Accrued restructuring charges       (706)       641 (1,382) (297)   (1,872) 1,902 (2,943) (463) (1,644)
Accrued compensation       (4,564)       (2,964) (4,415) (2,267)   (5,542) (4,720) (2,342) (4,330) 1,784
Deferred revenue       (4,433)       (2,621) (11,426) (5,947)   (15,783) (8,015) (8,367) 4,228 (1,686)
Other assets and liabilities       (8,576)       3,227 (11,826) 2,913   (7,744) (552) 8,629 (5,447) (3,456)
Net cash provided by (used in) operating activities       2,554       769 2,670 (1,306)   (10,295) 3,229 (16,859) (5,032) 8,556
Cash flows from investing activities:                                
Purchases of property and equipment       (695)       (178) (1,331) (1,151)   (1,755) (2,060) (2,708) (2,584) (2,217)
Proceeds from sale of assets       0       65 0 275   50 4 51 10 736
Cash distributions from investments       322       278 41 278   2,892 278 2,892 278 48
Net cash provided by (used in) investing activities       (373)       165 (1,290) (598)   1,187 (1,778) 235 (2,296) (1,433)
Cash flows from financing activities:                                
Borrowings of long-term debt and subordinated convertible debt, net of debt issuance costs       77,806       72,077 164,968 165,270   397,088 290,404     104,914
Repayments on long-term debt                           (491,143) (316,053) (113,082)
Repayment of convertible subordinated debt               0   (6,030)     (62,836)   (62,827)  
Payment of tax withholding due upon vesting of restricted stock               (107)   (1,777)     (1,807) (354) (1,822) (737)
Proceeds from issuance of common stock under the employee stock purchase plan       (6)       1 (6) 1,012   (6) 1,012   1,715 1,019
Net cash provided by (used in) financing activities       (2,874)       (5,204) (6,622) 2,709   9,008 (12,336) 16,210 (11,232) (7,886)
Effect of exchange rate changes on cash, cash equivalents and restricted cash       (67)       21 (137) 329   (84) 336 62 (145) 17
Net decrease in cash, cash equivalents and restricted cash       (760)       (4,249) (5,379) 1,134   (184) (10,549) (352) (18,705) (746)
Cash, cash equivalents and restricted cash at the beginning of period 17,023 11,828 16,447 17,207 25,363 37,046 31,663 35,912 17,207 35,912   17,207 35,912 17,207 35,912 36,658
Cash, cash equivalents and restricted cash at the end of period $ 16,855 $ 17,023 $ 11,828 16,447 $ 17,207 25,363 37,046 31,663 11,828 37,046 31,663 17,023 25,363 16,855 17,207 35,912
Supplemental disclosure of cash flow information:                                
Purchases of property and equipment included in accounts payable       2       17 104 287   159 88 105 173 279
Transfer of inventory to property and equipment       72       407 176 919   393 934 408 1,036 1,928
Cash Paid For:                                
Interest       4,399       1,561 9,938 4,515   12,140 7,118 17,677 10,244 5,966
Taxes, net of refunds       $ (58)       508 $ 4,458 914   $ 64 1,179 $ 68 1,455 677
Previously Reported [Member]                                
Cash flows from operating activities:                                
Net loss             (7,863) (3,673)   (11,537)           3,645
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:                                
Depreciation and amortization                               5,433
Amortization of intangible assets                               175
Amortization of debt issuance costs               427   855           1,373
Product and service parts lower of cost or market adjustment               1,257   2,319           4,960
Share-based compensation expense               1,613   3,330           6,698
Bad Debt Expense               0   0            
Deferred income taxes, net                               97
Unrealized foreign exchange (gain)/loss               0   0            
Changes in assets and liabilities:                                
Accounts receivable               (6,638)   (10,284)           (10,097)
Manufacturing inventories               709   1,752           12,931
Service parts inventories               1,034   2,737           (4,969)
Accounts payable               3,318   6,537           (4,845)
Accrued warranty                               (167)
Accrued restructuring charges               1,444   817           (1,387)
Accrued compensation               (2,047)   (1,236)           1,492
Deferred revenue               (5,633)   (9,329)           (2,020)
Other assets and liabilities               489   (815)           (5,601)
Net cash provided by (used in) operating activities               1,018   (304)           7,718
Cash flows from investing activities:                                
Purchases of property and equipment               (123)   (1,156)           (1,752)
Proceeds from sale of assets               0   0            
Cash distributions from investments               278   278            
Net cash provided by (used in) investing activities               155   (878)           (1,752)
Cash flows from financing activities:                                
Borrowings of long-term debt and subordinated convertible debt, net of debt issuance costs               71,800   164,650           104,914
Repayments on long-term debt                               (106,172)
Repayment of convertible subordinated debt                   (6,000)           (6,910)
Payment of tax withholding due upon vesting of restricted stock               (111)   (1,775)           (738)
Proceeds from issuance of common stock under the employee stock purchase plan               5   1,010           1,020
Net cash provided by (used in) financing activities               (5,481)   (2,360)           (7,886)
Effect of exchange rate changes on cash, cash equivalents and restricted cash               13   82           52
Net decrease in cash, cash equivalents and restricted cash               (4,297)   (3,454)           (1,868)
Cash, cash equivalents and restricted cash at the beginning of period           33,204 32,361 36,658   36,658     36,658   36,658 36,658
Cash, cash equivalents and restricted cash at the end of period             33,204 32,361   33,204 32,361         36,658
Supplemental disclosure of cash flow information:                                
Purchases of property and equipment included in accounts payable               78   335           321
Transfer of inventory to property and equipment               0   0           1,588
Cash Paid For:                                
Interest               0   0           5,952
Taxes, net of refunds               0   0           1,050
Restatement Adjustment [Member]                                
Cash flows from operating activities:                                
Net loss             2,764 (444)   2,319           (6,053)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:                                
Depreciation and amortization                               202
Amortization of intangible assets                               (175)
Amortization of debt issuance costs               0   0            
Product and service parts lower of cost or market adjustment               964   1,844           2,649
Share-based compensation expense               0   (317)            
Bad Debt Expense               11   292           24
Deferred income taxes, net                               400
Loss on disposal of property and equipment                               11
Unrealized foreign exchange (gain)/loss               (1,679)   (1,019)           (650)
Changes in assets and liabilities:                                
Accounts receivable               2,042   7,219           9,727
Manufacturing inventories               1,072   (553)           (9,104)
Service parts inventories               161   (353)           1,565
Accounts payable               332   838           (439)
Accrued warranty                               167
Accrued restructuring charges               (803)   (1,114)           (257)
Accrued compensation               (525)   (298)           292
Deferred revenue               3,012   3,382           334
Other assets and liabilities               2,739   3,730           2,145
Net cash provided by (used in) operating activities               (249)   (1,002)           (839)
Cash flows from investing activities:                                
Purchases of property and equipment               (55)   5           (465)
Proceeds from sale of assets               65   275           736
Cash distributions from investments               0   0           48
Net cash provided by (used in) investing activities               10   280           319
Cash flows from financing activities:                                
Borrowings of long-term debt and subordinated convertible debt, net of debt issuance costs               277   620            
Repayments on long-term debt                               (6,910)
Repayment of convertible subordinated debt                   (30)           6,910
Payment of tax withholding due upon vesting of restricted stock               4   (2)           1
Proceeds from issuance of common stock under the employee stock purchase plan               (4)   2           (1)
Net cash provided by (used in) financing activities               277   5,069            
Effect of exchange rate changes on cash, cash equivalents and restricted cash               8   247           (36)
Net decrease in cash, cash equivalents and restricted cash               48   4,588           1,122
Cash, cash equivalents and restricted cash at the beginning of period           $ 3,842 (698) (746)   (746)     $ (746)   $ (746)  
Cash, cash equivalents and restricted cash at the end of period             $ 3,842 (698)   3,842 $ (698)         (746)
Supplemental disclosure of cash flow information:                                
Purchases of property and equipment included in accounts payable               (61)   0           (42)
Transfer of inventory to property and equipment               407   919           340
Cash Paid For:                                
Interest               1,561   4,515           14
Taxes, net of refunds               $ 508   $ 914           $ (373)