Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

v3.3.1.900
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Operating activities:      
Net loss $ (11,012) $ (8,957) $ (22,093) [1]
Loss from discontinued operations 12,103 3,327 1,995 [1]
Net income (loss) from continuing operations 1,091 (5,630) (20,098) [1]
Adjustments to reconcile net income (loss) from continuing operations to net cash (used in) provided by operating activities:      
Depreciation 2,393 1,989 2,301 [1]
Amortization 2,782 2,223 1,659 [1]
Share-based compensation expense 895 839 809 [1]
Deferred income tax expense (benefit)   28 23,861 [1]
Loss on translation of foreign currency 408 564 42 [1]
Gain on sale of investments   (1,480) (25,096) [1]
Loss on equity method investment 465 55  
Gain from collection of note receivable [1]     (2,300)
Impairment and other losses [1]     9,194
Changes in operating assets and liabilities, net of effects from acquisitions and dispositions:      
Accounts receivable, net 3,247 (3,872) (2,072) [1]
Inventory, net 2,780 56 1,097 [1]
Deferred advertising costs   (250) 508 [1]
Other current and long-term assets (2,586) (3,939) (2,887) [1]
Accounts payable (2,458) 5,535 (4,407) [1]
Accrued liabilities 2,946 (4,945) 1,834 [1]
Net cash provided by (used in) operating activities - continuing operations 11,963 (8,827) (15,555) [1]
Net cash used in operating activities - discontinued operations (3,807) (142) (7,569) [1]
Net cash provided by (used in) operating activities 8,156 (8,969) (23,124) [1]
Investing activities:      
Net proceeds from the sale of investments   2,646 25,096 [1]
Collection from related party [1]     2,100
Purchase of property, equipment and media rights (9,335) (5,590) (3,386) [1]
Proceeds from sale of business [1]     47,500
Purchase of businesses and equity-method investments, net of cash acquired   (5,493) (6,333) [1]
Net cash (used in) provided by investing activities (9,335) (8,437) 64,977 [1]
Financing activities:      
Net proceeds from issuance of stock 160 1,806 777 [1]
Payment of dividends to non-controlling interest (486) (150)  
Net cash (used in) provided by financing activities - continuing operations (326) 1,656 777 [1]
Net cash used in financing activities - discontinued operations [1]     (19,967)
Net cash (used in) provided by financing activities (326) 1,656 (19,190) [1]
Effect of exchange rates on cash (495) (707) (292) [1]
Net (decrease) increase in cash (2,000) (16,457) 22,371 [1]
Cash at beginning of year 15,772 32,229 [1] 9,858 [1]
Cash at end of year 13,772 15,772 32,229 [1]
Supplemental cash flow information:      
Interest paid 4 14 442 [1]
Income taxes paid $ 1,322 1,114 577 [1]
Liabilities and debt assumed from acquisitions   466 337 [1]
Stock issued in connection with business acquisitions   $ 840 $ 7,303 [1]
[1] Cash flows in 2013 include the $25.0 million gain from the sale of RGSE stock, the sale of GVE and the discontinuation of the DRTV Business Unit.