Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
 12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Operating activities:      
Net income (loss) $ (12,577) [1] $ (25,270) [1] $ 5,069 [1]
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Depreciation 2,358 3,085 3,089
Amortization 7,130 3,497 4,552
Share-based compensation expense 1,013 1,540 1,609
Deferred and stock option income tax expense (benefit) (6,120) (11,464) 1,857
Loss (gain) on translation of foreign currency (76) 55  
Loss on equity method investment 18,410    
Goodwill impairment loss   22,456  
Loss on deconsolidation of subsidiary   4,550 [1]  
Gain on re-measurement of equity investment to estimated fair value immediately prior to business combination     (977)
Changes in operating assets and liabilities, net of effects from acquisitions and dispositions:      
Accounts receivable, net (1,301) 2,186 (4,151)
Inventory, net (2,637) (3,233) (5,508)
Deferred advertising costs (1,982) (1,314) (1,403)
Receivable from equity method investee 412    
Advances (1,924) (934) (4,392)
Other current assets (595) (4,006) 2,018
Accounts payable 5,661 5,412 (3,871)
Participations payable 7,705 4,515 (1,779)
Accrued liabilities 999 4,165 (1,065)
Net cash provided by (used in) operating activities 16,476 5,240 (4,952)
Investing activities:      
Purchase of property, equipment and media rights (3,814) (5,827) (8,701)
Purchase of businesses (13,546)    
Related party loan, net (830)    
Collection of note receivable   2,700  
Cash from acquired business   3,416  
Change in restricted cash   730  
Deconsolidation of Real Goods Solar   (11,812)  
Net cash used in investing activities (18,190) (10,793) (8,701)
Financing activities:      
Net borrowings (payments) on revolving lines of credit 16,231 (3,119)  
Principal payments on debt (18,703) (2,254)  
Payment of dividends (583)   (6,966)
Repurchase of Class A common stock, including related costs   (2,264)  
Subsidiary's repurchase of its Class A common stock, including related costs   (1,070)  
Net proceeds from issuance of stock and tax benefits from option exercises   77 1,036
Net cash used in financing activities (3,055) (8,630) (5,930)
Effect of exchange rates on cash 82 (45) 31
Net decrease in cash (4,687) (14,228) (19,552)
Cash at beginning of year 14,545 28,773 48,325
Cash at end of year 9,858 14,545 28,773
Supplemental cash flow information:      
Interest paid 468 195 1
Income taxes paid 673 535 414
Liabilities and debt assumed from acquisitions $ 14,277 $ 21,709 $ 647
[1] RSOL was deconsolidated and accounted for as an equity method investment effective December 31, 2011. Consequently, RSOL is reported as an equity method investment for the year ended December 31, 2012 and as a consolidated subsidiary for the years ended December 31, 2011 and 2010.