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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash flows from operating activities    
Net income $ 1,441 $ 10,349
Adjustments to reconcile net income to net cash (used in) operating activities    
Depreciation and amortization of intangible assets and loan fees 5,714 1,687
Foreign exchange (gain) loss on liabilities (41) 14
(Gain) loss on disposition of property (49) 149
Stock based compensation expense 1,454  
Deferred tax adjustment (47)  
Other non-cash activity 266  
Changes in assets and liabilities    
Accounts receivable (20,820) (14,175)
Inventories (29,384) (8,473)
Prepaid expenses and other assets 2,080 (574)
Accounts payable 31,859 3,603
Accrued wages payable 410 377
Other accrued expenses (2,304) 54
Net cash used in operating activities (9,421) (6,989)
Cash flows from investing activities    
Proceeds from disposition of property, plant, and equipment 103  
Purchase of property, plant, and equipment (4,732) (681)
Business acquisition (net of cash acquired) (92,083)  
Net cash used in investing activities (96,712) (681)
Cash flows from financing activities    
Proceeds from issuance of long-term debt 299,078 150,000
Principal payments on long-term debt (215,964) (141,962)
Principal payments on capital lease obligations (561) (56)
Payment of deferred financing fees and debt discount (2,613) (25)
Net cash provided by financing activities 79,940 7,957
Net change in cash and cash equivalents (26,193) 287
Effect of exchange rate changes on cash and cash equivalents (31) (6)
Cash and cash equivalents, beginning of period 37,896 767
Cash and cash equivalents, end of period 11,672 1,048
Supplemental cash flow information    
Interest paid 3,104 799
Property, plant, and equipment acquired through accounts payable (433) (121)
Capital lease additions 34 $ 17
Net change of deferred tax asset from step-up in basis 12,505  
Income taxes paid 400  
Accrued tax distribution 693  
Non cash consideration - Contingent notes 6,900  
Non cash consideration - Guarantee note 10,000  
Non cash consideration - Issuance of Class B common stock and LLC Interests $ 90,031