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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Operating activities      
Net income $ 39,009 $ 44,176 $ 39,961
Adjustments to reconcile net income to net cash used in operating activities:      
Depreciation and amortization 16,742 12,281 9,225
Inventory step up of acquired business included in cost of sales 125 1,956  
Amortization of deferred financing costs and debt discount 950 720 759
Loss on extinguishment of debt     1,870
Loss recognized on assets held for sale     67
Stock-based compensation 2,898 3,275 2,868
Provision for losses on accounts receivable 208 305 577
Deferred income taxes 5,413 5,807 (326)
Earnout liability (1,128) 623 947
Changes in operating assets and liabilities, net of acquisitions:      
Accounts receivable 2,419 (7,094) (4,201)
Inventories 605 (5,292) (3,963)
Prepaid assets, refundable income taxes and other assets 1,699 (5,886) 2,085
Accounts payable (113) 4,802 (3,199)
Accrued expenses and other current liabilities (3,434) 3,138 6,595
Benefit obligations and other long-term liabilities 4,527 (2,346) 482
Net cash provided by operating activities 69,920 56,465 53,747
Investing activities      
Capital expenditures (9,830) (10,009) (5,254)
Proceeds from sale of assets held for sale     1,018
Acquisition of business (181,344) (11,818) (86,693)
Net cash used in investing activities (191,174) (21,827) (90,929)
Financing activities      
Shares withheld on restricted stock vesting paid for employees' taxes   (27) (97)
Proceeds from exercise of stock options   111  
Payments of financing costs (2,320)   (2,132)
Borrowings on long-term debt 129,350   188,100
Dividends paid (21,451) (20,173) (19,598)
Short-term borrowings (repayments), net     (13,000)
Repayment of long-term debt (2,560) (1,900) (111,760)
Net cash provided by (used in) financing activities 103,019 (21,989) 41,513
Change in cash and cash equivalents (18,235) 12,649 4,331
Cash and cash equivalents at beginning of year 36,844 24,195 19,864
Cash and cash equivalents at end of year 18,609 36,844 24,195
Non-cash operating and financing activities      
Truck chassis inventory acquired through floorplan obligations 13,697    
Supplemental disclosure of cash flow information      
Income taxes paid 16,440 21,633 17,012
Interest paid $ 14,235 $ 10,519 $ 7,505