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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash flows from operating activities    
Net income $ 21,340 $ 11,226
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation expense 26,450 23,288
Amortization of intangible assets 7,921 10,533
Amortization of debt issuance costs 842 1,846
Deferred income taxes 4,155 (1,975)
Non-cash stock compensation expense 3,385 3,693
Loss (gain) on sale of property, equipment and real estate 280 (372)
Impairment of assets 26 11,883
Amortization of inventory step-up charges 0 2,884
Gain on insurance proceeds 0 (1,003)
Other non-cash adjustments 419 92
Change in assets and liabilities, net of effects of acquisitions    
Accounts receivable, net of allowances (51,197) (40,188)
Inventories, net (39,017) (26,295)
Accounts payable 37,088 40,579
Other assets and liabilities (468) 3,197
Net cash provided by operating activities 11,224 39,388
Cash flows from investing activities    
Purchases of property, equipment and real estate (34,782) (19,522)
Purchases of businesses, net of cash acquired (38,737) 0
Proceeds from sale of property, equipment and real estate 1,038 964
Insurance proceeds 0 1,151
Net cash used in investing activities (72,481) (17,407)
Cash flows from financing activities    
Proceeds from revolving line of credit 485,388 790,535
Repayments of proceeds from revolving line of credit (418,666) (813,791)
Principal payments on other notes (2,580) (2,501)
Payments on capital leases obligations (5,259) (4,268)
Proceeds from issuance of common stock, net of offering costs 0 13,614
Other financing activities, net 798 (655)
Net cash provided by (used in) financing activities 59,681 (17,066)
Net (decrease) increase in cash and cash equivalents (1,576) 4,915
Cash and cash equivalents    
Beginning of period 8,917 1,089
End of period 7,341 6,004
Supplemental disclosure of non-cash investing and financing transactions    
Assets acquired under capital lease obligations $ 2,481 $ 3,248