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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ 13,585 $ (37,091)
Adjustments to reconcile net income to cash flows from operating activities:    
Depreciation and amortization 9,308 9,225
Impairment expense 0 29,017
Noncash amortization of debt financing costs 781 804
Payment in kind interest expense 2,254 1,813
Share-based compensation expense 3,165 1,730
Deferred income taxes 1,819 (11,568)
Non-cash loss (income) on derivative contracts (424) 1,614
Loss on extinguishment of debt 7,155 0
Change in other operating items:    
Accounts receivable (50,839) 10,997
Inventories (37,043) 11,200
Prepaid expenses (4,931) 1,983
Accounts payable 28,874 (7,083)
Other operating activities, net 1,484 7,867
Net cash provided by (used in) operating activities (24,812) 20,508
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property, plant and equipment (6,944) (4,490)
Proceeds from disposal/sale of property, plant and equipment 35 87
Net cash used in investing activities (6,909) (4,403)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Borrowings under term loan facility 150,000 0
Repayment of 2023 term loan facility principal (152,654) (2,188)
Borrowings under revolving credit facility 35,500 0
Repayment of ABL revolving credit facility (11,300) 0
Debt extinguishment payments and early payment fees on debt (3,031) 0
Debt issuance and amendment costs (2,333) (2,579)
Contingent Consideration payment (5,000) 0
Other financing activities (241) (239)
Net cash provided by financing activities 22,241 9,994
EFFECT OF CURRENCY EXCHANGE RATE CHANGES ON CASH (52) (2,220)
NET INCREASE (DECREASE) IN CASH (9,532) 23,879
CASH:    
Beginning of period 50,503 39,511
End of period 40,971 63,390
ABL Revolving Credit Facility    
CASH FLOWS FROM FINANCING ACTIVITIES:    
Borrowings under revolving credit facility $ 11,300 $ 15,000