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
 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash flows from operating activities:    
Net loss $ (8,859) $ (8,460)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 23,532 25,457
Share-based compensation 2,629 2,261
Bad debt expense, net 44 123
Gains on asset dispositions, net (5,170) (4,280)
Debt discount amortization 115 79
Amortization of deferred financing costs 565 439
Foreign currency losses (gains), net 58 (912)
Gain on debt extinguishment, net 0 (518)
Deferred income tax benefit (2,747) (2,492)
Equity earnings, net of tax (836) (625)
Changes in operating assets and liabilities:    
Decrease (increase) in receivables (302) 11,833
Decrease (increase) in prepaid expenses and other assets 681 (993)
Increase in accounts payable, accrued expenses and other liabilities 3,664 6,649
Net cash provided by operating activities 13,374 28,561
Cash flows from investing activities:    
Purchases of property and equipment (12,524) (5,106)
Proceeds from disposition of property and equipment 5,689 5,910
Return of helicopter deposits 0 544
Investments in and advances to equity investees (126) 0
Principal payments on notes due from equity investees 375 357
Principal payments on third party notes receivable 94 136
Escrow deposits on like-kind exchanges, net 3,777 0
Net cash provided by (used in) investing activities (2,715) 1,841
Cash flows from financing activities:    
Proceeds from Revolving Credit Facility 9,000 7,000
Payments on long-term debt (18,162) (9,093)
Extinguishment of long-term debt 0 (4,331)
Proceeds from share award plans 463 477
Purchase of treasury shares (51) (161)
Net cash used in financing activities (8,750) (6,108)
Effects of exchange rate changes on cash and cash equivalents 19 496
Net increase in cash and cash equivalents 1,928 24,790
Cash and cash equivalents, beginning of period 26,950 14,370
Cash and cash equivalents, end of period 28,878 39,160
Supplemental cash flow information:    
Cash paid for interest, net of capitalized interest of $451 and $0 in 2017 and 2016, respectively 6,844 7,894
Cash paid for income taxes 173 5
Supplemental disclosure of non-cash financing activities:    
Notes payable contributed to subsidiary $ 0 $ 6,349