XML 23 R6.htm IDEA: XBRL DOCUMENT v3.20.4
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net loss $ (8,076) $ (75,920) $ (6,115)
Adjustments to reconcile net loss to net cash provided by operations:      
Depreciation and amortization expense 77,896 57,869 41,055
Non-cash operating lease costs 18,814 19,719 0
Deferred income taxes - net 1,196 (4,607) (3,595)
Loss on sale of assets 742 3,269 1,123
Business casualty loss 0 (626) 3,549
Loss on extinguishment of debt 11,545 5,469 72
Amortization of deferred financing costs 5,517 4,544 3,107
Loss on interest rate swaps upon discontinuing hedge accounting 3,746 0 0
Paid-in-kind interest capitalized as principal 7,525 12,256 0
Equity in earnings of joint ventures (3,313) (2,840) (1,020)
Stock-based incentive compensation expense 2,920 4,170 2,139
Interest on management notes receivable 0 (62) (78)
Capital distribution from equity method investments 3,250 500 2,000
Change in contingent consideration liability (1,500) (300) 0
Changes in operating assets and liabilities:      
Accounts receivable, net (3,924) 82,285 (21,012)
Inventories (42,725) (12,853) 2,965
Prepaid expenses and other current assets (19,500) (2,940) (4,715)
Accounts payable 59,215 (30,856) 10,965
Accrued compensation and employee benefits 13,134 2,671 (5,586)
Accrued expenses and other current liabilities 22,809 (317) (1,740)
Operating lease liabilities (18,089) (17,253) 0
Other noncurrent assets and liabilities (3,790) (4,711) 1,314
Net cash provided by operating activities 127,392 39,467 24,428
CASH FLOWS FROM INVESTING ACTIVITIES:      
Acquisition of property and equipment (26,875) (28,292) (26,276)
Proceeds from sale of assets 0 10 0
Insurance proceeds from business casualty loss 0 626 0
Business acquisitions, net of cash acquired 0 (700,170) (10,727)
Other investing cash flows 541 0 0
Net cash used in investing activities (26,334) (727,826) (37,003)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Redemptions to related parties 0 (2,000) 0
Sale of management notes receivable 0 1,310 0
Exercise of stock options, vesting of restricted stock, and related tax withholdings (904) (2,501) 0
Net proceeds from issuance of common stock 118,934 0 0
Proceeds from debt 0 981,050 1,000
Repayments of debt principal (9,250) (2,075) (5,150)
Retirement of debt obligations (174,000) (226,738) 0
Deferred financing costs (149) (30,022) 0
Debt prepayment fees (3,480) 0 0
Net cash (used in) provided by financing activities (68,849) 719,024 (4,150)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 32,209 30,665 (16,725)
Cash and cash equivalents - beginning of the period 67,056 36,391 53,116
CASH AND CASH EQUIVALENTS - END OF PERIOD 99,265 67,056 36,391
Supplemental disclosure of cash flow information:      
Cash paid for interest 97,640 50,808 47,173
Cash paid for income taxes 2,884 2,405 $ 1,600
Cash paid for operating leases $ 26,809 $ 18,992