Quarterly report pursuant to sections 13 or 15(d)

Consolidated Statements Of Cash Flows

v2.3.0.11
Consolidated Statements Of Cash Flows (USD $)
In Thousands
 9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
OPERATING ACTIVITIES    
Net (loss) income $ (44,679) $ 305
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
(Gain) loss on derivative liabilities (83) 210
Gain on extinguishment of long-term debt   (1,118)
Provision for doubtful accounts 3,033 3,454
Depreciation 4,890 3,869
Net book value of pumps sold from fixed assets 2,111 510
Amortization of intangible assets 1,992 1,615
Asset impairment charges 67,592  
Amortization of deferred debt issuance costs 181 915
Stock-based compensation 921 1,811
Deferred income taxes (22,673) (519)
Changes in assets and liabilities, exclusive of effects of acquisitions:    
Increase in accounts receivable, net of provision (4,337) (3,556)
Increase in other current assets (442) (89)
(Increase) decrease in other assets (70) 170
(Decrease) increase in accounts payable and other liabilities (4,739) 553
Decrease in derivative liabilities from termination of interest rate swap   (365)
NET CASH PROVIDED BY OPERATING ACTIVITIES 3,697 7,765
INVESTING ACTIVITIES    
Capital expenditures (3,295) (1,392)
Acquisition of intangible assets (942)  
Cash paid for acquisition, net of cash acquired   (16,418)
NET CASH USED IN INVESTING ACTIVITIES (4,237) (17,810)
FINANCING ACTIVITIES    
Principal payments on term loan (3,287) (21,596)
Cash proceeds from loans 551 30,000
Capitalized debt issuance costs   (808)
Common stock repurchased to satisfy statutory witholding on stock based compensation   (38)
Treasury shares repurchased (343)  
Principal payments on capital lease obligations (962) (571)
NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES (4,041) 6,987
Net change in cash and cash equivalents (4,581) (3,058)
Cash and cash equivalents, beginning of period 5,014 7,750
Cash and cash equivalents, end of period 433 4,692
SUPPLEMENTAL DISCLOSURES    
Cash paid for interest (including swap payments) 1,465 1,873
Cash paid for income taxes 242 14
NON-CASH TRANSACTIONS    
Additions to property 103 [1] 405 [1]
Property acquired pursuant to a capital lease 2,300 1,869
Origination of long term debt   750
Current assets assumed in acquisition   2,399 [2]
Current liabilities assumed in acquisition   438 [2]
Deferred tax liability assumed in acquisition   2,754 [2]
Deferred tax asset assumed in acquisition   $ 30 [2]
Gross issuance of vested restricted shares (number of shares) 182  
[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 September 30, but will be included as a cash outflow from investing activities for capital expenditures when paid.
[2] See Note 3 - Acquisitions