XML 32 R6.htm IDEA: XBRL DOCUMENT v3.3.0.814
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ 4,030 $ (3,488)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 42,454 13,786
Amortization of debt issuance costs and (premium) discount (5,259) 244
Loss on early retirement of debt 1,790  
Equity in income of unconsolidated affiliates (3,136) (3,019)
Distributions from unconsolidated affiliate   509
Stock-based compensation expense 1,155  
Loss on sale or disposal of property 2 3
Provision for bad debts 46 237
Change in fair value of acquisition related contingencies 52  
Provision for deferred income taxes 3,206 1,190
Change in operating assets and liabilities:    
Restricted cash 4,094 1,913
Accounts receivable (2,137) (563)
Inventories 69 (135)
Prepaid expenses and other (310) 1,177
Accounts payable 642 1,040
Interest payable (20,593) 5,758
Income taxes payable (34)  
Accrued and other liabilities and due to unconsolidated affiliates (5,543) 1,760
Net cash provided by operating activities 20,528 20,412
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures, net of payables (24,414) (4,565)
Proceeds from sale of property and equipment 6  
Cash acquired in acquisition net of cash used to repurchase stock of $30 million   53,553
Cash escrow deposit, required for acquisition (55,460)  
Decrease in restricted cash related to credit support 2,500  
(Increase) decrease in other assets, net (944) 94
Net cash (used in) provided by investing activities (78,312) 49,082
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of Senior Notes 375,000  
Proceeds from issuance of New Term Loan 425,000  
Borrowings under New Revolving Credit Facility 40,000  
Retirement of long-term debt (728,664)  
Principal payments on New Revolving Credit Facility and New Term Loan (23,063)  
Payments of long-term debt   (2,500)
Payments under capital lease obligations (29) (217)
Payment of financing and issuance costs (25,223)  
Premium payment on early retirement of debt (44,090)  
Cash distributions to members   (576)
Proceeds from exercise of stock options   115
Repurchase of stock   (5,000)
Net cash provided by (used in) financing activities 18,931 (8,178)
(DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (38,853) 61,316
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 87,604 29,813
CASH AND CASH EQUIVALENTS, END OF PERIOD 48,751 91,129
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Interest paid 74,806 7,377
Cash paid during period for income taxes 1,102  
Payables for purchase of property and equipment $ 194 431
Noncash distribution of Tamarack investment   $ 5,479