v3.19.2
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities:    
Net loss $ (8,290) $ (4,747)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and lease asset amortization 4,974 5,308
Other amortization, net 26 (436)
Bad debt expense 59 8
Asset impairments 299 1,360
(Gain) loss on sale of assets held for sale, net (369) (3,853)
(Gain) loss on sale of fixed assets and other assets, net (565) 254
(Gain) loss on insurance recoveries, net 0 (3,342)
Stock-based compensation expense 1,346 1,431
Changes in operating assets and liabilities:    
Contracts receivable and retainage, net (896) (6,438)
Contract assets (21,352) (8,098)
Prepaid expenses, inventory and other current assets 212 (1,665)
Accounts payable 26,269 (2,410)
Contract liabilities (3,023) (4,129)
Accrued expenses and other liabilities (1,108) (437)
Noncurrent assets and liabilities, net (including long-term retainage) (466) 767
Net cash used in operating activities (2,884) (26,427)
Cash flows from investing activities:    
Capital expenditures (1,359) (891)
Purchases of short-term investments (45,366) (7,474)
Maturities of short-term investments 8,500 0
Proceeds from sale of property, plant and equipment 1,598 56,446
Recoveries from insurance claims 0 2,165
Net cash provided by (used in) investing activities (36,627) 50,246
Cash flows from financing activities:    
Proceeds from borrowings under Credit Agreement 0 15,000
Repayment of borrowings under Credit Agreement 0 (15,000)
Payment of financing cost (40) (11)
Tax payments for vested stock withholdings (714) (787)
Net cash used in financing activities (754) (798)
Net increase (decrease) in cash and cash equivalents (40,265) 23,021
Cash and cash equivalents, beginning of period 70,457 8,983
Cash and cash equivalents, end of period $ 30,192 $ 32,004

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