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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash flows provided by operating activities:      
Net (loss) income $ (528,457) $ (532,858) $ 122,819
Adjustments to reconcile net (loss) income to net cash provided by operating activities:      
Depreciation and amortization expense 76,506 81,116 78,575
Amortization of deferred financing costs and original issuance discounts 4,198 4,722 10,989
Provision for doubtful accounts 6,321 2,323 1,213
Deferred income tax (benefit) expense (95,085) (47,366) 4,573
Deferred rent     5,351
Undistributed income in equity method investments 333 (472) (369)
Change in operating lease liability/asset 30,981 (9,942)  
Loss (gain) on disposal of assets 70 (59,786) 3
Loss on assets held for sale 73,948    
Non-cash adjustment for store impairment and restructuring 17,585 20,236  
Goodwill, intangibles and long-lived assets impairment 581,380 562,631  
Non-employee equity based compensation (see Note 25 – Kazzam, LLC) 1,033 515 81
Stock option expense – time – based 796 1,319 1,744
Stock option expense – performance – based 7,847    
Restricted stock unit and restricted cash awards expense – performance-based 1,329    
Restricted stock units expense—time-based 2,071 2,033 1,174
Directors—non-cash compensation 337 313 196
(Gain) on debt refinancing (273,149)    
Changes in operating assets and liabilities, net of effects of acquired businesses:      
Decrease (increase) in accounts receivable 22,396 (2,600) (10,431)
Decrease (increase) in inventories 184,924 72,385 (142,866)
(Increase) decrease in prepaid expenses and other current assets, net (66,166) 14,741 16,666
Increase (decrease) in accounts payable, accrued expenses and income taxes payable 28,002 (65,617) 12,138
Net cash provided by operating activities 77,200 43,693 101,856
Cash flows (used in) provided by investing activities:      
Cash paid in connection with acquisitions, net of cash acquired (3,305) (20,878) (65,301)
Capital expenditures (51,128) (61,733) (85,661)
Proceeds from disposal of property and equipment 162 246,286 55
Net cash (used in) provided investing activities (54,271) 163,675 (150,907)
Cash flows provided by (used in) financing activities:      
Repayment of loans, notes payable and long-term obligations (254,438) (441,632) (547,695)
Proceeds from loans, notes payable and long-term obligations 368,439 203,344 652,087
Exercise of stock options 147 1,148 2,269
Treasury stock purchases (96) (156) (40,197)
Debt issuance and modification costs (20,348) (414) (10,294)
Net cash provided by (used in) financing activities 93,704 (237,710) 56,170
Effect of exchange rate changes on cash and cash equivalents (500) 6,299 (2,308)
Net (decrease) increase in cash and cash equivalents and restricted cash 116,133 (24,043) 4,811
Less: net increase in cash classified within current assets held for sale (31,628)    
Cash and cash equivalents and restricted cash at beginning of period 35,176 [1] 59,219 [1] 54,408
Cash and cash equivalents and restricted cash at end of period [1] 119,681 35,176 59,219
Cash paid during the period:      
Interest 68,396 108,561 94,472
Income taxes, net of refunds $ 26,867 $ 36,093 $ 59,156
[1] Includes $149, $259, $310 of restricted cash for the fiscal years ended December 31, 2020, 2019 and 2018 respectively. The Company records restricted cash in prepaid expenses and other current assets as presented in the consolidated balance sheets at December 31, 2020 and 2019.