Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.7.0.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash flows from operating activities:    
Net income (loss) $ (545)  
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 5,359  
Allowance for doubtful accounts 245  
Capitalized deferred interest on subordinated debt 0  
Amortization of debt issuance costs 90  
Deferred tax benefit (679)  
Accretion of preferred stock discount to redemption value 4  
(Gain) loss on disposition of property and equipment 136  
Changes in operating assets and liabilities:    
(Increase) decrease in accounts receivable 11,218  
(Increase) decrease in costs and estimated earnings in excess of billings on uncompleted contracts 1,840  
(Increase) decrease in other current assets (72)  
(Increase) decrease in other assets 0  
Increase (decrease) in accounts payable (11,201)  
Increase (decrease) in billings in excess of costs and estimated earnings on uncompleted contracts (8,987)  
Increase (decrease) in accrued expenses and other current liabilities 2,789  
Increase (decrease) in other long-term liabilities 97  
Net cash provided by operating activities 294  
Cash flows from investing activities:    
Proceeds from sale of property and equipment 7  
Purchase of property and equipment (1,656)  
Net cash used in investing activities (1,649)  
Cash flows from financing activities:    
Proceeds from revolving credit facility 0  
Payments on revolving credit facility 0  
Payments on Credit Agreement term loan (3,365)  
Proceeds from Credit Agreement revolver 44,553  
Payments on Credit Agreement revolver (44,553)  
Payments on term loan (33)  
Payments on financed insurance premium (1,164)  
Payments of distributions 0  
Payments on capital leases (804)  
Net cash used in financing activities (5,366)  
Decrease in cash and cash equivalents (6,721)  
Cash and cash equivalents, beginning of period 7,406  
Cash and cash equivalents, end of period 685  
Noncash investing and financing transactions:    
Property and equipment acquired financed with capital leases 718  
Financed insurance premium 2,135  
Interest paid $ 927  
Predecessor [Member]    
Cash flows from operating activities:    
Net income (loss)   $ 3,487
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization   1,433
Allowance for doubtful accounts   48
Capitalized deferred interest on subordinated debt   1,234
Amortization of debt issuance costs   0
Deferred tax benefit   0
Accretion of preferred stock discount to redemption value   0
(Gain) loss on disposition of property and equipment   3
Changes in operating assets and liabilities:    
(Increase) decrease in accounts receivable   (6,813)
(Increase) decrease in costs and estimated earnings in excess of billings on uncompleted contracts   (2,439)
(Increase) decrease in other current assets   (493)
(Increase) decrease in other assets   (39)
Increase (decrease) in accounts payable   (3,006)
Increase (decrease) in billings in excess of costs and estimated earnings on uncompleted contracts   9,814
Increase (decrease) in accrued expenses and other current liabilities   (2,389)
Increase (decrease) in other long-term liabilities   245
Net cash provided by operating activities   1,085
Cash flows from investing activities:    
Proceeds from sale of property and equipment   7
Purchase of property and equipment   (1,662)
Net cash used in investing activities   (1,655)
Cash flows from financing activities:    
Proceeds from revolving credit facility   55,611
Payments on revolving credit facility   (57,611)
Payments on Credit Agreement term loan   0
Proceeds from Credit Agreement revolver   0
Payments on Credit Agreement revolver   0
Payments on term loan   (1,038)
Payments on financed insurance premium   0
Payments of distributions   (162)
Payments on capital leases   (650)
Net cash used in financing activities   (3,850)
Decrease in cash and cash equivalents   (4,420)
Cash and cash equivalents, beginning of period   6,107
Cash and cash equivalents, end of period   1,687
Noncash investing and financing transactions:    
Property and equipment acquired financed with capital leases   873
Financed insurance premium   0
Interest paid   512
Limbach Holdings, Inc [Member] | Predecessor [Member]    
Cash flows from financing activities:    
Cash and cash equivalents, beginning of period   $ 0