Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements Of Cash Flows

v3.7.0.1
Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash flows from operating activities:    
Net loss $ (5,787) $ (3,950)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 11,554 12,766
Share-based compensation 1,198 1,012
Bad debt expense, net 38 0
Gains on asset dispositions, net (109) (2,913)
Debt discount amortization 57 25
Amortization of deferred financing costs 282 195
Foreign currency gains, net (76) (585)
Deferred income tax benefit (2,099) (1,348)
Equity earnings, net of tax (465) (24)
Changes in operating assets and liabilities:    
Decrease (increase) in receivables (1,700) 11,636
Decrease in prepaid expenses and other assets (537) (1,573)
Increase (decrease) in accounts payable, accrued expenses and other liabilities 1,897 (448)
Net cash provided by operating activities 4,253 14,793
Cash flows from investing activities:    
Purchases of property and equipment (1,005) (2,145)
Proceeds from disposition of property and equipment 126 3,980
Return of helicopter deposits 0 544
Investments in and advances to equity investees 114 0
Principal payments on notes due from equity investees 185 177
Principal payments on third party notes receivable 56 46
Net cash provided by (used in) investing activities (752) 2,602
Cash flows from financing activities:    
Proceeds from Revolving Credit Facility 2,000 7,000
Payments on long-term debt (6,581) (8,651)
Proceeds from share award plans 463 477
Purchase of treasury shares (51) (161)
Net cash used in financing activities (4,169) (1,335)
Effects of exchange rate changes on cash and cash equivalents 57 373
Net increase (decrease) in cash and cash equivalents (611) 16,433
Cash and cash equivalents, beginning of period 26,950 14,370
Cash and cash equivalents, end of period 26,339 30,803
Supplemental cash flow information:    
Cash paid for interest, net of capitalized interest of $432 and $0 in 2017 and 2016, respectively 413 1,129
Cash paid for income taxes $ 0 $ 5