Annual report pursuant to section 13 and 15(d)

Consolidated Statements Of Cash Flows

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Consolidated Statements Of Cash Flows (USD $)
In Thousands, except Share data
 12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
OPERATING ACTIVITIES      
Net (loss) income $ (45,443) $ (1,852) $ 774
Adjustments to reconcile net (loss) income to net cash provided by operating activities:      
(Gain) loss on derivative liabilities (83) (207) 78
Gain on extinguishment of long-term debt   (1,118)  
Provision for doubtful accounts 4,099 4,515 4,006
Depreciation 6,386 5,357 4,122
Net book value of pumps sold from fixed assets 4,227 994 342
Amortization of intangible assets 2,662 2,259 1,827
Asset impairment charges 67,592    
Amortization of deferred debt issuance costs 238 980 495
Stock-based compensation 1,185 3,860 753
Deferred income taxes (23,423) (1,236) 2,254
Changes in assets-(Increase)/Decrease, exclusive of effects of acquisitions:      
Accounts receivable, net of provision (4,868) (3,948) (5,355)
Other current assets (1,702) (506) (253)
Other assets 273 (173) (207)
Changes in liabilities-Increase/(Decrease), exclusive of effects of acquisitions:      
Accounts payable and other liabilities (3,971) 2,252 872
Derivative liabilities from termination of interest rate swap   (365)  
NET CASH PROVIDED BY OPERATING ACTIVITIES 7,172 10,812 9,708
INVESTING ACTIVITIES      
Capital expenditures (4,155) (2,444) (4,612)
Acquisition of intangible assets (1,398)    
Cash paid for acquisition, net of cash acquired   (16,616)  
Proceeds from sale of property     1
NET CASH USED IN INVESTING ACTIVITIES (5,553) (19,060) (4,611)
FINANCING ACTIVITIES      
Principal payments on term loan (4,518) (22,623) (8,565)
Principal payments on capital lease obligations (1,435) (822) (160)
Cash proceeds from loans 584 30,000  
Proceeds from draw on revolving credit facility 1,750    
Payments on revolving credit facility (1,750)    
Capitalized debt issuance costs   (808)  
Common stock repurchased to satisfy statutory withholding on stock based compensation (102) (167) (135)
Treasury shares repurchased (363) (68)  
NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES (5,834) 5,512 (8,860)
Net change in cash and cash equivalents (4,215) (2,736) (3,763)
Cash and cash equivalents, beginning of period 5,014 7,750 11,513
Cash and cash equivalents, end of period 799 5,014 7,750
SUPPLEMENTAL DISCLOSURES      
Cash paid for interest (including swap payments) 1,934 2,372 2,933
Cash paid for income taxes 249 21 18
NON-CASH TRANSACTIONS      
Additions to property 103 [1] 903 [1] 291 [1]
Property acquired pursuant to a capital lease 2,300 1,869 2,198
Tender offer to exchange warrants   2,016  
Origination of long term debt   750  
Current assets assumed in acquisition   2,352 [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]  
Treasury stock transactions (number of shares)   46 1,234
Gross issuance of vested restricted shares (number of shares) 219 1,476 265
[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 December 31, 2011, 2010 and 2009, but will be included as a cash outflow from investing activities for capital expenditures when paid.
[2] See Note 4 — Acquisitions