|
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | |
|---|---|---|
|
Mar. 31, 2015
|
Mar. 31, 2014
|
|
| Cash flows from operating activities: | ||
| Net loss | $ (4,188)us-gaap_NetIncomeLoss | $ (8,281)us-gaap_NetIncomeLoss |
| Adjustments to reconcile net loss to cash flows from operating activities: | ||
| Depreciation of project assets | 3,983us-gaap_CostOfServicesDepreciation | 3,637us-gaap_CostOfServicesDepreciation |
| Depreciation of property and equipment | 748us-gaap_DepreciationNonproduction | 694us-gaap_DepreciationNonproduction |
| Amortization of deferred financing fees | 282us-gaap_AmortizationOfFinancingCosts | 299us-gaap_AmortizationOfFinancingCosts |
| Amortization of intangible assets | 1,009us-gaap_AmortizationOfIntangibleAssets | 818us-gaap_AmortizationOfIntangibleAssets |
| Provision for bad debts | 33us-gaap_ProvisionForDoubtfulAccounts | 244us-gaap_ProvisionForDoubtfulAccounts |
| Unrealized gain on interest rate swaps | (83)us-gaap_UnrealizedGainLossOnDerivatives | (129)us-gaap_UnrealizedGainLossOnDerivatives |
| Stock-based compensation expense | 518us-gaap_ShareBasedCompensation | 718us-gaap_ShareBasedCompensation |
| Deferred income taxes | (1,353)us-gaap_IncreaseDecreaseInDeferredIncomeTaxes | 3,833us-gaap_IncreaseDecreaseInDeferredIncomeTaxes |
| Changes in operating assets and liabilities: | ||
| Restricted cash | (277)us-gaap_IncreaseDecreaseInRestrictedCashForOperatingActivities | (508)us-gaap_IncreaseDecreaseInRestrictedCashForOperatingActivities |
| Accounts receivable | 5,102us-gaap_IncreaseDecreaseInAccountsReceivable | 8,847us-gaap_IncreaseDecreaseInAccountsReceivable |
| Accounts receivable retainage | 2,554us-gaap_IncreaseDecreaseInReceivables | 5,565us-gaap_IncreaseDecreaseInReceivables |
| Federal ESPC receivable | (13,133)us-gaap_FinancingReceivableSignificantSales | (3,047)us-gaap_FinancingReceivableSignificantSales |
| Inventory | (66)us-gaap_IncreaseDecreaseInInventories | 1,026us-gaap_IncreaseDecreaseInInventories |
| Costs and estimated earnings in excess of billings | 2,880us-gaap_IncreaseDecreaseInOtherReceivables | 21,229us-gaap_IncreaseDecreaseInOtherReceivables |
| Prepaid expenses and other current assets | 1,374us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets | 1,221us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets |
| Project development costs | (1,438)us-gaap_IncreaseDecreaseInConstructionPayables | (1,478)us-gaap_IncreaseDecreaseInConstructionPayables |
| Other assets | (2,274)us-gaap_IncreaseDecreaseInOtherOperatingAssets | (2,087)us-gaap_IncreaseDecreaseInOtherOperatingAssets |
| Accounts payable, accrued expenses and other current liabilities | (21,423)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities | (22,101)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities |
| Billings in excess of cost and estimated earnings | 4,522us-gaap_IncreaseDecreaseInBillingInExcessOfCostOfEarnings | (3,137)us-gaap_IncreaseDecreaseInBillingInExcessOfCostOfEarnings |
| Other liabilities | 49us-gaap_IncreaseDecreaseInOtherAccruedLiabilities | (40)us-gaap_IncreaseDecreaseInOtherAccruedLiabilities |
| Income taxes payable | (1,745)us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable | (4,971)us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable |
| Cash flows from operating activities | (22,926)us-gaap_NetCashProvidedByUsedInOperatingActivities | 2,352us-gaap_NetCashProvidedByUsedInOperatingActivities |
| Cash flows from investing activities: | ||
| Purchases of property and equipment | (285)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment | (266)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment |
| Purchases of project assets | (5,871)us-gaap_PaymentsToAcquireProductiveAssets | (8,331)us-gaap_PaymentsToAcquireProductiveAssets |
| Cash flows from investing activities | (6,156)us-gaap_NetCashProvidedByUsedInInvestingActivities | (8,597)us-gaap_NetCashProvidedByUsedInInvestingActivities |
| Cash flows from financing activities: | ||
| Payments of financing fees | (857)us-gaap_PaymentsOfFinancingCosts | (287)us-gaap_PaymentsOfFinancingCosts |
| Proceeds from exercises of options | 430us-gaap_ProceedsFromStockOptionsExercised | 320us-gaap_ProceedsFromStockOptionsExercised |
| (Payments of) proceeds from senior secured credit facility, net | (2,000)us-gaap_ProceedsFromRepaymentsOfLinesOfCredit | 8,000us-gaap_ProceedsFromRepaymentsOfLinesOfCredit |
| Proceeds from Federal ESPC projects | 18,015us-gaap_ProceedsFromSaleOfInvestmentProjects | 3,522us-gaap_ProceedsFromSaleOfInvestmentProjects |
| Proceeds from sale-leaseback financing | 0us-gaap_SaleLeasebackTransactionNetProceedsFinancingActivities | |
| Non-controlling interest | 0us-gaap_ProceedsFromPaymentsToMinorityShareholders | 4us-gaap_ProceedsFromPaymentsToMinorityShareholders |
| Restricted cash | 13us-gaap_ProceedsFromRepaymentsOfRestrictedCashFinancingActivities | 183us-gaap_ProceedsFromRepaymentsOfRestrictedCashFinancingActivities |
| Payments on long-term debt | (2,525)us-gaap_RepaymentsOfLongTermDebt | (2,720)us-gaap_RepaymentsOfLongTermDebt |
| Cash flows from financing activities | 20,657us-gaap_NetCashProvidedByUsedInFinancingActivities | 9,022us-gaap_NetCashProvidedByUsedInFinancingActivities |
| Effect of exchange rate changes on cash | 2,325us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents | 792us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents |
| Net (decrease) increase in cash and cash equivalents | (6,100)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease | 3,569us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease |
| Cash and cash equivalents, beginning of period | 23,762us-gaap_CashAndCashEquivalentsAtCarryingValue | 17,171us-gaap_CashAndCashEquivalentsAtCarryingValue |
| Cash and cash equivalents, end of period | 17,662us-gaap_CashAndCashEquivalentsAtCarryingValue | 20,740us-gaap_CashAndCashEquivalentsAtCarryingValue |
| Supplemental disclosures of cash flow information: | ||
| Cash paid for interest | 1,463us-gaap_InterestPaid | 1,730us-gaap_InterestPaid |
| Cash paid for income taxes | 106us-gaap_IncomeTaxesPaid | 834us-gaap_IncomeTaxesPaid |
| Non-cash Federal ESPC settlement | 8,121amrc_NoncashorPartNoncashAcquisitionFinancingReceivableAcquired | 0amrc_NoncashorPartNoncashAcquisitionFinancingReceivableAcquired |
| Accrued purchases of project assets | $ 2,200us-gaap_CapitalExpendituresIncurredButNotYetPaid | $ 2,888us-gaap_CapitalExpendituresIncurredButNotYetPaid |
| X | ||||||||||
|
- Definition
Noncash or Part Noncash, Acquisition, Financing Receivable Acquired No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Amount of noncash expense included in interest expense to issue debt and obtain financing associated with the related debt instruments. Alternate captions include noncash interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Future cash outflow to pay for purchases of fixed assets that have occurred. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Includes effect from exchange rate changes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The expense recognized in the current period that allocates the cost of a tangible asset used in providing revenue generating services over the asset's useful life. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The expense recognized in the current period that allocates the cost of nonproduction tangible assets over their useful lives. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of increase (decrease) from the effect of exchange rate changes on cash and cash equivalent balances held in foreign currencies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The amount of any significant sales of financing receivables during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The amount of cash paid during the current period to foreign, federal, state, and local authorities as taxes on income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The increase (decrease) during the reporting period in the amounts payable to vendors for goods and services received and the amount of obligations and expenses incurred but not paid. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The increase (decrease) during the reporting period in amount due within one year (or one business cycle) from customers for the credit sale of goods and services. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The increase (decrease) during the period in the amount due for taxes based on the reporting entity's earnings or attributable to the entity's income earning process (business presence) within a given jurisdiction. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The increase (decrease) during the reporting period in the liability reflecting cash payments received before the related costs have been incurred. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The increase (decrease) during the reporting period of obligations, not classified as trade payables, incurred and payable for the acquisition of merchandise, materials, supplies, and services pertaining to construction projects. No definition available.
|
| X | ||||||||||
|
- Definition
The increase (decrease) during the reporting period in the account that represents the temporary difference that results from Income or Loss that is recognized for accounting purposes but not for tax purposes and vice versa. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The increase (decrease) during the reporting period in the aggregate value of all inventory held by the reporting entity, associated with underlying transactions that are classified as operating activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The increase (decrease) during the reporting period in other expenses incurred but not yet paid. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The increase (decrease) during the reporting period in other assets used in operating activities not separately disclosed in the statement of cash flows. May include changes in other current assets, other noncurrent assets, or a combination of other current and noncurrent assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The increase (decrease) during the reporting period in other amounts due to the reporting entity, which are not otherwise defined in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The increase (decrease) during the reporting period in the value of prepaid expenses and other assets not separately disclosed in the statement of cash flows, for example, deferred expenses, intangible assets, or income taxes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The increase (decrease) during the reporting period in the total amount due within one year (or one operating cycle) from all parties, associated with underlying transactions that are classified as operating activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The net cash inflow or outflow for the increase (decrease) associated with funds that are not available for withdrawal or use (such as funds held in escrow) and are associated with underlying transactions that are classified as operating activities. This may include cash restricted for regulatory purposes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The amount of cash paid for interest during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of cash inflow (outflow) from financing activities, including discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Amount of cash inflow (outflow) from investing activities, including discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Amount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash outflow for loan and debt issuance costs. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash outflow for purchases of and capital improvements on property, plant and equipment (capital expenditures), software, and other intangible assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of cash inflow (outflow) from (to) a noncontrolling interest. Excludes dividends paid to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The net cash inflow or cash outflow from a contractual arrangement with the lender, including letter of credit, standby letter of credit and revolving credit arrangements, under which borrowings can be made up to a specific amount at any point in time with either short term or long term maturity that is collateralized (backed by pledge, mortgage or other lien in the entity's assets). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The net cash inflow or outflow from cash and cash items that are not available for withdrawal or usage. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash inflow from the sale of investment projects held by an entity in hopes of getting a future return or interest from it. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash inflow associated with the amount received from holders exercising their stock options. This item inherently excludes any excess tax benefit, which the entity may have realized and reported separately. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of expense related to write-down of receivables to the amount expected to be collected. Includes, but is not limited to, accounts receivable and notes receivable. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash outflow for debt initially having maturity due after one year or beyond the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of cash inflow after closing and deferred financing costs received by a seller-lessee in a sale-leaseback recognized in financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The net change in the difference between the fair value and the carrying value, or in the comparative fair values, of derivative instruments, including options, swaps, futures, and forward contracts, held at each balance sheet date, that was included in earnings for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|