XML 18 R7.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONDENSED CONSOLIDATED AND COMBINED STATEMENT OF CASH FLOWS - USD ($)
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash flows from operating activities:    
Net loss $ (50,301,000)  
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 20,189,000  
Accretion of contingent consideration 15,838,000  
Decrease in contingent consideration (3,400,000) $ 0
Stock based compensation 1,687,000  
Amortization of inventory fair value adjustment 30,377,000  
Amortization of deferred financing costs 1,121,000 0
Deferred income taxes (33,798,000)  
Loss on sales of property 1,000  
Other 299,000  
Changes in operating assets and liabilities:    
Accounts receivable 29,617,000  
Inventories (3,764,000)  
Prepaid expenses and other current assets (6,834,000)  
Accounts payable 1,181,000  
Accrued expenses and other liabilities 3,482,000  
Income taxes payable 1,008,000  
Other assets and liabilities 1,244,000  
Net cash provided by (used in) operating activities 7,947,000  
Cash flows from investing activities:    
Cash paid for property and equipment (3,194,000)  
Proceeds from sale of property 8,000  
Net cash used in investing activities (3,186,000)  
Cash flows from financing activities:    
Repayment of term loan (2,125,000)  
Repurchase of stock for treasury (1,488,000)  
Cash transfers to/from parent, net 0  
Net cash (used in) provided by financing activities (3,613,000)  
Effect of exchange rate changes on cash and cash equivalents 1,400,000  
Net increase in cash and cash equivalents 2,548,000  
Cash and cash equivalents, beginning of period 57,765,000  
Cash and cash equivalents, end of period 60,313,000  
Supplemental disclosures of cash flow information:    
Interest 12,227,000  
Income taxes 2,213,000  
Accrued purchases of property and equipment $ 796,000 0
Predecessor    
Cash flows from operating activities:    
Net loss   (11,529,000)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization   14,913,000
Accretion of contingent consideration   0
Decrease in contingent consideration   0
Stock based compensation   0
Amortization of inventory fair value adjustment   0
Deferred income taxes   (3,833,000)
Loss on sales of property   (12,000)
Other   0
Changes in operating assets and liabilities:    
Accounts receivable   30,743,000
Inventories   (5,389,000)
Prepaid expenses and other current assets   0
Accounts payable   290,000
Accrued expenses and other liabilities   0
Income taxes payable   (35,223,000)
Other assets and liabilities   (3,522,000)
Net cash provided by (used in) operating activities   (13,562,000)
Cash flows from investing activities:    
Cash paid for property and equipment   (312,000)
Proceeds from sale of property   63,000
Net cash used in investing activities   (249,000)
Cash flows from financing activities:    
Repayment of term loan   0
Repurchase of stock for treasury   0
Cash transfers to/from parent, net   13,811,000
Net cash (used in) provided by financing activities   13,811,000
Effect of exchange rate changes on cash and cash equivalents   0
Net increase in cash and cash equivalents   0
Cash and cash equivalents, beginning of period   0
Cash and cash equivalents, end of period   0
Supplemental disclosures of cash flow information:    
Interest   0
Income taxes   $ 0