Quarterly report pursuant to sections 13 or 15(d)

Consolidated Statements Of Cash Flows

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Consolidated Statements Of Cash Flows (USD $)
In Thousands
 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
OPERATING ACTIVITIES    
Net (loss) income $ (28,056) $ 132
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
(Gain) loss on derivative liabilities (83) 460
Gain on extinguishment of long-term debt   (1,118)
Provision for doubtful accounts 2,149 2,469
Depreciation 3,167 2,380
Loss on disposal of pumps 794 179
Amortization of intangible assets 1,309 991
Asset impairment charges 44,213  
Amortization of deferred debt issuance costs 122 834
Stock-based compensation 502 997
Deferred income taxes (16,242) (814)
Changes in assets and liabilities, exclusive of effects of acquisitions:    
(Increase) in accounts receivable, net of provision (2,197) (2,682)
Decrease (increase) in other current assets 67 (404)
(Increase) in other assets (166) (860)
(Decrease) increase in accounts payable and other liabilities (2,651) 1,165
Decrease in derivative liabilities from termination of interest rate swap   (365)
NET CASH PROVIDED BY OPERATING ACTIVITIES 2,928 3,364
INVESTING ACTIVITIES    
Capital expenditures (2,383) (343)
Acquisition of intangible assets (942) (400)
Cash paid for acquisition, net of cash acquired   (16,418)
NET CASH (USED IN) INVESTING ACTIVITIES (3,325) (17,161)
FINANCING ACTIVITIES    
Principal payments on term loan (2,061) (20,568)
Cash proceeds from term loan   30,000
Common stock repurchased to satisfy statutory witholding on stock based compensation   (38)
Treasury shares repurchased (248)  
Principal payments on capital lease obligations (585) (331)
NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES (2,894) 9,063
Net change in cash and cash equivalents (3,291) (4,734)
Cash and cash equivalents, beginning of period 5,014 7,750
Cash and cash equivalents, end of period 1,723 3,016
SUPPLEMENTAL DISCLOSURES    
Cash paid for interest (including swap payments) 983 1,226
Cash paid for income taxes 75 14
NON-CASH TRANSACTIONS    
Additions to property (a) 4 [1] 111 [1]
Property acquired pursuant to a capital lease 1,967 1,372
Origination of long term debt   750
Current assets assumed in acquisition (b)   2,314 [2]
Current liabilities assumed in acquisition (b)   438 [2]
Deferred tax liability assumed in acquisition (b)   2,754 [2]
Deferred tax asset assumed in acquisition (b)   $ 30 [2]
Gross issuance of vested restricted shares (number of shares) 72 207
[1] Amounts consist of current liabilities for net property that have not been included in investing activities. These amounts have not been paid for as of June 30, but will be included as a cash outflow from investing activities for capital expenditures when paid.
[2] See Note 3—Acquisitions