XML 25 R9.htm IDEA: XBRL DOCUMENT v3.22.0.1
CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:      
Net loss $ (6,082) $ (52,966) $ (54,153)
Adjustments to reconcile net loss to net cash provided by operating activities:      
Depreciation and amortization 45,745 46,970 83,456
Stock based compensation for equity classified awards 3,067 3,440 2,934
Amortization of deferred financing cost 2,285 2,875 2,600
Provision for bad debts 215 (237) 63
Interest income on interest rate swap 0 (2,258) 0
Accretion of contingent consideration 0 0 3,459
Change in fair value of contingent consideration 0 0 (330)
Deferred income taxes (1,527) 29,251 (28,988)
Impairment of assets 0 0 11,424
Goodwill impairment 6,380 0 0
Gain on sales of property 56 162 4
Changes in operating assets and liabilities:      
Accounts receivable 3,529 4,989 (321)
Inventories 3,286 (1,745) (388)
Prepaid expenses and other current assets (5,252) (6,173) 2,087
Accounts payable (1,368) 4,168 6,499
Accrued expenses and other liabilities 2,887 878 (9,239)
Income taxes payable (1,549) (1,242) 1,615
Other assets and liabilities 330 (1,397) (663)
Net cash provided by operating activities 52,002 26,715 20,059
Cash flows from investing activities:      
Cash paid for property and equipment (4,023) (2,395) (4,176)
Other investments 0 0 (250)
Net cash used in investing activities (4,023) (2,395) (4,426)
Cash flows from financing activities:      
Net proceeds from issuance of convertible preferred stock 0 145,490 0
Payment of issuance costs for convertible preferred stock 0 (7,006) 0
Payment of dividends (13,933) (5,244) 0
Proceeds from long term debt 0 2,042 0
Payment of deferred financing costs 0 (8,034) 0
Payment for redemption of convertible preferred stock (5,330) 0 0
Repayment of long term debt (12,390) (132,423) (6,285)
Borrowings under revolving credit facility 0 0 4,000
Repayments of revolving credit facility 0 0 (4,000)
Settlement payment under Tax Receivables Agreement 0 0 (16,003)
Proceeds from issuance of stock under employee stock purchase plan 268 316 241
Net cash used in financing activities (31,385) (4,859) (22,047)
Effect of exchange rate changes on cash and cash equivalents (4,694) 752 1,379
Net increase (decrease) in cash and cash equivalents 11,900 20,213 (5,035)
Cash and cash equivalents, beginning of period 50,030 29,817 34,852
Cash and cash equivalents, end of period 61,930 50,030 29,817
Cash paid for:      
Interest 19,729 23,792 30,144
Income taxes 5,967 2,722 2,642
Supplemental schedule of non-cash investing and financing activities:      
Accrued purchases of property and equipment 103 141 71
Settlement of Dow liabilities not resulting from a cash payment 0 0 22,012
Reconciliation of cash and cash equivalents and restricted cash:      
Cash and cash equivalents 61,930 50,030 29,288
Restricted cash within other current assets 0 0 529
Total cash and cash equivalents and restricted cash $ 61,930 $ 50,030 $ 29,817