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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Dec. 31, 2019
Cash Flows from Operating Activities      
Net income (loss) $ (178,240) $ 568  
Adjustments to reconcile net income (loss) to net cash flows provided by (used in) operating activities:      
Depreciation and amortization 11,364 5,563  
Change in fair value of deferred compensation plan (3,577) 740  
Equity-based compensation 2,049 2,158  
Equity in (earnings) loss in unconsolidated entities (236) 275  
Deferred tax expense (benefit) (3,322) 300  
Change in fair value of contingent consideration 463 18  
Impairment 178,213 0  
Amortization of other assets 326 0  
Amortization of loan costs 66 69  
Realized loss on restricted investments 375 0  
Write off of deferred loan costs 62 0  
Changes in operating assets and liabilities, exclusive of the effect of acquisitions:      
Accounts receivable (7,751) (6,851)  
Due from affiliates 236 (30)  
Inventories 59 (335)  
Prepaid expenses and other 166 338  
Operating lease right-of-use assets 1,055 412  
Other assets (52) 0  
Accounts payable and accrued expenses (9,097) (4,448)  
Due to affiliates 786 (734)  
Other liabilities 3,184 4,512  
Operating lease liabilities (1,053) (400)  
Deferred income 4,999 (373)  
Net cash provided by (used in) operating activities 4,300 2,269  
Cash Flows from Investing Activities      
Additions to property and equipment (1,990) (1,736)  
Proceeds from disposal of property and equipment, net 57   $ 0
Additional purchase price paid for Remington working capital adjustment (1,293) 0  
Acquisition of assets related to RED (147) (499)  
Net cash provided by (used in) investing activities (3,373) (13,743)  
Cash Flows from Financing Activities      
Payments for dividends on preferred stock (4,725) (2,791)  
Payments on revolving credit facilities (11,213) (6,890)  
Borrowings on revolving credit facilities 8,884 7,617  
Proceeds from notes payable 29,462 6,577  
Payments on notes payable (819) (413)  
Payments on finance lease liabilities (282) (168)  
Payments of loan costs (290) (41)  
Forfeitures of restricted shares (5) 0  
Employee advances 124 249  
Contributions from noncontrolling interest 77 455  
Distributions to noncontrolling interests in consolidated entities 0 (4)  
Net cash provided by (used in) financing activities 21,213 4,591  
Effect of foreign exchange rate changes on cash and cash equivalents 188 (3)  
Net change in cash, cash equivalents and restricted cash 22,328 (6,886)  
Cash, cash equivalents and restricted cash at beginning of period 53,249 59,443 59,443
Cash, cash equivalents and restricted cash at end of period 75,577 52,557 53,249
Supplemental Cash Flow Information      
Interest paid 1,037 211  
Income taxes paid (refunded), net (129)    
Income taxes paid (refunded), net   91  
Supplemental Disclosure of Non-Cash Investing and Financing Activities      
Distribution from deferred compensation plan 2 46  
Capital expenditures accrued but not paid 876 852  
Finance lease additions 21 137  
Supplemental Disclosure of Cash, Cash Equivalents and Restricted Cash      
Cash and cash equivalents at beginning of period 35,349 51,529 51,529
Restricted cash at beginning of period 17,900 7,914 7,914
Cash and cash equivalents at end of period 54,906 39,953 35,349
Restricted cash at end of period 20,671 12,604 17,900
Cash, cash equivalents and restricted cash 75,577 52,557 $ 53,249
BAV      
Cash Flows from Investing Activities      
Acquisition of BAV 0 (4,332)  
Supplemental Disclosure of Non-Cash Investing and Financing Activities      
Common stock consideration 0 3,755  
REA Holdings      
Cash Flows from Investing Activities      
Investment in REA Holdings 0 (2,176)  
Supplemental Disclosure of Non-Cash Investing and Financing Activities      
Common stock consideration 0 890  
Ashford Trust      
Changes in operating assets and liabilities, exclusive of the effect of acquisitions:      
Due from related parties 3,525 522  
Cash Flows from Investing Activities      
Purchases of furniture, fixtures and equipment under the Ashford Trust ERFP Agreement 0 (5,000)  
Braemar      
Changes in operating assets and liabilities, exclusive of the effect of acquisitions:      
Due from related parties $ 700 $ (35)