Quarterly report pursuant to sections 13 or 15(d)

Consolidated Statements of Cash Flows (Unaudited)

v2.3.0.11
Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands
 3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
OPERATING ACTIVITIES    
Net loss $ (915) $ (171)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Provision for doubtful accounts 1,247 1,222
Depreciation 1,445 1,558
Loss on disposal of pumps 151 271
Amortization of intangibles assets 684 645
Amortization of deferred debt issuance costs 54 62
Stock-based compensation 341 248
Deferred income taxes (310) (146)
Changes in assets - (Increase)/Decrease:    
Accounts receivable, net of provision (2,122) (1,599)
Other current assets (641) 195
Other assets 302 (11)
Changes in liabilities - Increase/(Decrease):    
Accounts payable and other liabilities (149) (152)
NET CASH PROVIDED BY OPERATING ACTIVITIES 87 2,122
INVESTING ACTIVITIES    
Capital expenditures (1,207) (2,438)
Other asset acquisitions (66)  
NET CASH USED IN INVESTING ACTIVITIES (1,273) (2,438)
FINANCING ACTIVITIES    
Principal payments on term loan and seller's note (1,217) (1,030)
Proceeds from draw on revolving credit facility 2,500  
Treasury shares repurchased   (229)
Principal payments on capital lease obligations (896) (263)
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES 387 (1,522)
Net change in cash and cash equivalents (799) (1,838)
Cash and cash equivalents, beginning of period 799 5,014
Cash and cash equivalents, end of period 0 3,176
SUPPLEMENTAL DISCLOSURES    
Cash paid for interest (including swap payments) 464 479
Cash paid for income taxes 14 31
NON-CASH TRANSACTIONS    
Additions to property (a)   350 [1]
Property acquired pursuant to a capital lease $ 304 $ 624
Gross issuance of vested restricted shares (number of shares)   25
[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 March 31, but will be included as a cash outflow from investing activities for capital expenditures when paid.