v3.19.1
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash flows from operating activities:    
Net loss $ (3,042) $ (5,296)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and lease asset amortization 2,552 2,715
Other amortization, net 12 (357)
Bad debt expense 53 8
Asset impairments 299 750
(Gain) loss on sale of assets held for sale, net (369) 0
(Gain) loss on sale of fixed assets and other assets, net 101 (12)
Stock-based compensation expense 560 676
Changes in operating assets and liabilities:    
Contracts receivable and retainage, net 796 (1,494)
Contract assets (8,725) (9,136)
Prepaid expenses, inventory and other current assets 1,095 221
Accounts payable 7,542 494
Contract liabilities (7,611) (3,201)
Accrued expenses and other liabilities (1,558) (164)
Noncurrent assets and liabilities, net (including long-term retainage) (182) 700
Net cash used in operating activities (8,477) (14,096)
Cash flows from investing activities:    
Capital expenditures (250) (71)
Purchase of short-term investments (20,041) 0
Maturities of short-term investments 8,500 0
Proceeds from sale of property, plant and equipment 424 309
Recoveries from insurance claims 0 2,165
Net cash provided by (used in) investing activities (11,367) 2,403
Cash flows from financing activities:    
Proceeds from borrowings under Credit Agreement 0 15,000
Repayment of borrowings under Credit Agreement 0 (5,000)
Payment of financing cost 0 (11)
Tax payments made on behalf of employees from vested stock withholdings (715) (787)
Net cash provided by (used in) financing activities (715) 9,202
Net decrease in cash and cash equivalents (20,559) (2,491)
Cash and cash equivalents, beginning of period 70,457 8,983
Cash and cash equivalents, end of period $ 49,898 $ 6,492

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