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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash flows from operating activities      
Net income $ 119,738 $ 57,425 $ 30,880
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation expense 50,373 53,214 47,959
Amortization of intangible assets 15,015 16,003 20,721
Amortization of debt issuance costs 1,684 1,684 3,114
Deferred income taxes 1,266 2,318 (3,571)
Non-cash stock compensation expense 11,315 6,769 7,252
Gain on sale of property, equipment and real estate (3,321) (1,683) (1,396)
Gain on insurance proceeds 0 (1,991) (1,003)
Impairment of assets 0 435 11,928
Loss on debt extinguishment 0 0 12,529
Amortization of inventory step-up charges 0 0 2,884
Other non-cash adjustments 613 552 98
Change in assets and liabilities, net of effects of acquisitions      
Accounts receivable, net of allowances 16,078 (3,252) (10,128)
Inventories, net 3,257 (32,297) (31,200)
Contract assets 5,565 0 0
Costs in excess of billings on uncompleted contracts 0 (2,364) (3,845)
Income taxes payable/receivable 4,650 (1,311) 9,627
Prepaid expenses and other current assets 2,588 (13,191) (12,208)
Other long-term assets (69) 3,458 (126)
Accounts payable (51,348) 3,477 28,592
Accrued expenses and other liabilities 19,066 5,417 (5,859)
Contract liabilities 8,609 0 0
Billings in excess of costs on uncompleted contracts 0 2,737 (197)
Insurance reserves 4,502 (3,239) (16)
Other long-term liabilities 444 (227) 853
Net cash provided by operating activities 210,025 93,934 106,888
Cash flows from investing activities      
Purchases of property, equipment and real estate (55,174) (63,278) (38,067)
Purchases of businesses, net of cash acquired (20,970) (38,438) 0
Proceeds from sale of property, equipment and real estate 11,432 13,445 3,187
Proceeds from sale of business 7,773 0 0
Insurance proceeds 1,991 0 1,151
Net cash used in investing activities (54,948) (88,271) (33,729)
Cash flows from financing activities      
Proceeds from revolving line of credit 854,946 995,306 1,544,064
Repayments of proceeds from revolving line of credit (859,408) (990,844) (1,696,324)
Payments on capital lease obligations (7,759) (9,926) (8,800)
Principal payments on other notes (336) (2,627) (3,303)
Secured borrowings 431 2,880 1,427
Proceeds from exercise of stock options 1,327 3,396 1,301
Repurchases of common stock under share repurchase program (2,891) 0 0
Repurchases of common stock related to equity award activity (2,044) (977) (2,023)
Holdback payments (370) 0 0
Payments of debt issuance costs 0 (38) (7,011)
Proceeds from issuance of Senior Notes 0 0 350,000
Redemption of Extinguished Senior Notes 0 0 (250,000)
Proceeds from issuance of common stock, net of offering costs 0 0 13,776
Payments of debt extinguishment costs 0 0 (8,438)
Net cash used in financing activities (16,104) (2,830) (65,331)
Net increase in cash and cash equivalents 138,973 2,833 7,828
Cash and cash equivalents      
Beginning of period 11,750 8,917 1,089
End of period 150,723 11,750 8,917
Supplemental disclosure of cash flow information      
Interest paid 22,361 24,210 28,081
Cash paid for income taxes, net 31,260 22,858 8,210
Non-cash investing and financing transactions      
Acquisition-related holdback payments due at a future date 1,403 375 0
Accrued purchases of property and equipment 1,963 811 505
Assets acquired under capital lease obligations $ 821 $ 2,481 $ 15,089