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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash flows from operating activities    
Net income $ 15,359 $ 3,744
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation expense 12,024 12,992
Amortization of intangible assets 3,657 3,821
Amortization of debt issuance costs 421 421
Deferred income taxes 3,810 760
Non-cash stock compensation expense 1,775 1,231
Loss on sale of property, equipment and real estate 38 107
Other non-cash adjustments 619 (314)
Change in assets and liabilities, net of effects of acquisitions    
Accounts receivable, net of allowances (33,462) (29,086)
Inventories, net (24,042) (22,030)
Accounts payable 40,212 30,868
Other assets and liabilities 2,801 (6,420)
Net cash provided by (used in) operating activities 23,212 (3,906)
Cash flows from investing activities    
Purchases of businesses, net of cash acquired (20,970) (6,693)
Purchases of property, equipment and real estate (10,244) (10,662)
Insurance proceeds 1,991 0
Proceeds from sale of property, equipment and real estate 127 866
Net cash used in investing activities (29,096) (16,489)
Cash flows from financing activities    
Proceeds from revolving line of credit 235,345 175,058
Repayments of proceeds from revolving line of credit (227,616) (155,313)
Payments on capital leases obligations (2,059) (2,667)
Principal payments on other notes 25 2,557
Other financing activities, net (2,509) 1,735
Net cash provided by financing activities 3,136 16,256
Net decrease in cash and cash equivalents (2,748) (4,139)
Cash and cash equivalents    
Beginning of period 11,750 8,917
End of period 9,002 4,778
Supplemental disclosure of non-cash investing and financing transactions    
Acquisition-related holdback payments due at future date 1,460 375
Assets acquired under capital lease obligations $ 0 $ 1,765