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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities    
Net (loss) income $ (2,633) $ 2,326
Adjustments to reconcile net (loss) income to net cash used in operating activities    
Depreciation and amortization of intangible assets and loan fees 5,470 3,091
(Gain) Loss on disposition of property, plant, and equipment (375) (34)
Stock based compensation expense 2,558 1,544
Deferred tax adjustment (1,169) 500
Contingent note revaluations   (680)
Other non-cash activity 33 17
Changes in assets and liabilities    
Accounts receivable (60,217) (20,444)
Inventories (39,069) (20,366)
Other assets (1,090) 21
Accounts payable 27,827 17,335
Accrued wages payable (2,561) (1,150)
Other accrued expenses 2,620 (359)
Net cash (used in) provided by operating activities (68,606) (18,199)
Cash flows from investing activities    
Proceeds from disposition of property, plant, and equipment 429 47
Purchase of property, plant, and equipment (5,075) (897)
Net cash used in investing activities (4,646) (850)
Cash flows from financing activities    
Proceeds from issuance of long-term debt 239,600 134,134
Principal payments on long-term debt (165,816) (125,717)
Tax Distributions to LLC Owners (20) (1,378)
Principal payments on finance lease obligations (394) (371)
Payment of deferred financing fees and debt discount   (50)
Tax withholding payments on Restricted Stock Units (149)  
Exercise of options and RSU withholdings to purchase common stock 1,002 315
Net cash provided by financing activities 74,223 6,933
Net change in cash and cash equivalents 971 (12,116)
Effect of exchange rate changes on cash and cash equivalents (135) 123
Cash and cash equivalents, beginning of period 27,272 66,360
Cash and cash equivalents, end of period 28,108 54,367
Supplemental cash flow information    
Interest paid 3,789 2,146
Net change in property, plant, and equipment acquired through accounts payable 681 (51)
Finance lease additions 381 210
Net change of deferred tax asset from step-up in basis 3,199 3,138
Income taxes paid 89 176
Accrued tax distribution $ 106 $ 257