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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income (loss) $ 23,732 $ (37,049) $ 15,778
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 18,495 18,493 15,514
Impairment expense 0 29,017 0
Noncash amortization of debt financing costs 1,008 1,929 1,393
Payment in kind interest expense 2,254 5,431 0
Shared-based compensation expense 6,254 3,460 2,843
Deferred income taxes 2,078 (12,129) 1,562
Noncash loss (gain) on forward exchange contracts (788) 299 1,972
Loss on extinguishment of debt 7,155 0 0
Change in other operating items:      
Accounts receivable (23,569) (34,284) 18,815
Inventories (50,283) (6,828) 9,495
Prepaid expenses (1,910) 2,896 (1,793)
Accounts payable (11,570) 48,046 (24,261)
Accrued liabilities 4,438 8,650 (3,525)
Other operating activities, net (7,126) 6,441 (1,047)
Net cash (used in) provided by operating activities (29,832) 34,372 36,746
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchases of property, plant and equipment (17,653) (7,142) (24,002)
Proceeds from disposal/sale of property, plant and equipment 87 722 23
Payments for acquisition of business 0 0 (34,000)
Net cash used in investing activities (17,566) (6,420) (57,979)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Borrowings under term loan facility 150,000 0 0
Repayment of term loan facility (3,750) 0 0
Borrowings under revolving credit facility 86,200 0 0
Repayment of ABL revolving credit facility (36,800) 0 0
Surrender of common stock by employees (1,279) (663) (985)
Debt extinguishment payments and early payment fees on debt (3,031) 0 0
Debt issuance and amendment costs (2,333) (2,779) (160)
Contingent consideration payment (5,000) (1,000) 0
Other financing activities, net (342) (445) (443)
Net cash provided by ( used in) financing activities 31,011 (19,262) (10,113)
EFFECT OF CURRENCY EXCHANGE RATE CHANGES ON CASH 842 2,302 (56)
NET INCREASE (DECREASE) IN CASH (15,545) 10,992 (31,402)
CASH:      
Beginning of period 50,503 39,511 70,913
End of period 34,958 50,503 39,511
SUPPLEMENTAL CASH FLOW INFORMATION:      
Cash paid for interest 8,460 12,193 13,873
Cash paid for income taxes, net 4,109 2,483 8,774
Unpaid purchases of property and equipment included in accounts payable 1,063 131 624
Term Loan and Security Agreement Due 2023      
CASH FLOWS FROM FINANCING ACTIVITIES:      
Repayment of term loan facility (152,654) (14,375) (8,525)
ABL Revolving Credit Facility      
CASH FLOWS FROM FINANCING ACTIVITIES:      
Borrowings under revolving credit facility 11,300 15,000 35,700
Repayment of ABL revolving credit facility $ (11,300) $ (15,000) $ (35,700)