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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income (loss) $ 150,556 $ 139,898 $ (8,076)
Adjustments to reconcile net income (loss) to net cash provided by operations:      
Depreciation and amortization expense 65,434 68,804 77,896
Non-cash operating lease costs 19,713 15,168 18,814
Deferred income taxes - net 49,187 (30,372) 1,196
(Gain)/loss on sale of assets (9,403) 767 742
Loss on extinguishment of debt 0 13,387 11,545
Amortization of deferred financing costs 4,304 4,998 5,517
Loss on interest rate swaps upon discontinuing hedge accounting 0 0 3,746
Paid-in-kind interest capitalized as principal 0 0 7,525
Equity in earnings of joint ventures (5,125) (6,030) (3,313)
Stock-based incentive compensation expense 16,783 9,575 2,920
Capital distribution from equity method investments 5,875 2,900 3,250
Change in contingent consideration liability 0 0 (1,500)
Other adjustments 0 844 0
Changes in operating assets and liabilities:      
Accounts receivable, net (36,889) (4,273) (3,924)
Inventories (41,010) (22,700) (42,725)
Prepaid expenses and other current assets (16,798) 1,420 (19,500)
Accounts payable 98,885 (10,381) 59,215
Accrued compensation and employee benefits (7,770) 23,977 13,134
Accrued expenses and other current liabilities 10,535 18,383 22,809
Operating lease liabilities (21,395) (18,496) (18,089)
Other noncurrent assets and liabilities (15,335) 700 (3,790)
Net cash provided by operating activities 267,547 208,569 127,392
CASH FLOWS FROM INVESTING ACTIVITIES:      
Acquisition of property and equipment (35,358) (25,632) (26,875)
Proceeds from sale of assets 14,670 0 0
Business acquisitions, net of cash acquired (87,364) (85,909) 0
Other investing cash flows 0 0 541
Net cash used in investing activities (108,052) (111,541) (26,334)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Exercise of stock options, vesting of restricted stock, and related tax withholdings 352 (32) (904)
Net proceeds from issuance of common stock 0 0 118,934
Proceeds from warrant exercises 20,916 0 0
Proceeds from issuance of debt 0 855,136 0
Repayments of debt principal (6,000) (8,832) (9,250)
Retirement of debt obligations 0 (910,345) (174,000)
Deferred financing costs 0 (10,339) (149)
Debt prepayment fees 0 (2,458) (3,480)
Net cash provided by (used in) financing activities 15,268 (76,870) (68,849)
NET INCREASE IN CASH AND CASH EQUIVALENTS 174,763 20,158 32,209
Cash and cash equivalents - beginning of the period 119,423 99,265 67,056
CASH AND CASH EQUIVALENTS - END OF PERIOD 294,186 119,423 99,265
Supplemental disclosure of cash flow information:      
Cash paid for interest 50,372 60,920 97,640
Cash paid for income taxes 13,438 5,706 2,884
Cash paid for operating leases $ 25,311 $ 26,174 $ 26,809