Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements Of Cash Flows

v3.4.0.3
Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash flows from operating activities:    
Net loss $ (3,950) $ (239)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 12,766 11,602
Share-based compensation 1,012 618
Gains on asset dispositions, net (2,913) (3,388)
Debt discount amortization 25 65
Amortization of deferred financing costs 195 258
Derivative losses, net 0 12
Foreign currency losses (gains), net (585) 3,265
Cash settlements on derivative transactions, net 0 (93)
Gain on debt extinguishment, net 0 (264)
Deferred income tax benefit (1,348) (52)
Equity losses (earnings), net of tax (24) 145
Changes in operating assets and liabilities:    
Decrease (increase) in receivables 11,636 (6,584)
Increase in prepaid expenses and other assets (1,573) (29)
Increase (decrease) in accounts payable, accrued expenses and other liabilities (448) 1,472
Net cash provided by operating activities 14,793 6,788
Cash flows from investing activities:    
Purchases of property and equipment (2,145) (8,866)
Proceeds from disposition of property and equipment 3,980 5,379
Cash settlements on forward contracts, net 0 (1,103)
Return of helicopter deposits 544 0
Principal payments on notes due from equity investees 177 169
Principal payments on third party notes receivable 46 25
Escrow deposits on like-kind exchanges, net 0 (2,800)
Net cash provided by (used in) investing activities 2,602 (7,196)
Cash flows from financing activities:    
Proceeds from Revolving Credit Facility 7,000 20,000
Payments on long-term debt (8,651) (15,697)
Extinguishment of long-term debt 0 (9,297)
Proceeds from share award plans 477 612
Purchase of treasury shares (161) 0
Net cash used in financing activities (1,335) (4,382)
Effects of exchange rate changes on cash and cash equivalents 373 (2,386)
Net increase (decrease) in cash and cash equivalents 16,433 (7,176)
Cash and cash equivalents, beginning of period 14,370 [1] 40,867
Cash and cash equivalents, end of period 30,803 33,691
Supplemental cash flow information:    
Cash paid for interest 1,129 1,079
Cash paid for income taxes $ 5 $ 5
[1] Adjusted for the adoption of Accounting Standards Update (“ASU”) 2015-03 whereby $2,740 of debt issuance costs previously included in other assets is now included in long-term debt.