XML 18 R6.htm IDEA: XBRL DOCUMENT v3.7.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash flows from operating activities    
Net income $ 39,630 $ 25,192
Adjustments to reconcile net income to cash used in operating activities    
Depreciation and amortization 10,161 10,270
Unrealized foreign exchange gain (loss) 37 (618)
Amortization of debt issuance costs 330 1,095
Amortization of discount on bonds payable   143
Change in fair value of common stock warrants   1,879
Share-based compensation 3,847  
Loss on disposals of property, plant and equipment 319 96
Deferred income taxes 13,499 12,305
Changes in operating assets and liabilities    
Accounts receivable (138,926) (144,597)
Inventories 14,720 8,686
Accounts payable 6,427 9,706
Accrued taxes (10,960) 1,831
Accrued expenses and other liabilities (159,669) 121,117
Other assets (4,580) (1,934)
Other noncurrent liabilities 1,677 (146,604)
Interest due to related parties   7,423
Cash flows used in operating activities (223,488) (94,010)
Cash flows from investing activities    
Additions to property, plant and equipment (3,676) (4,508)
Cash flows used in investing activities (3,676) (4,508)
Cash flows from financing activities    
Increase in short-term borrowings, net 125,982 45,688
Proceeds from delayed draw term loan A facility 100,000  
Repayment of term loan facilities (5,938)  
Proceeds from revolver loan facility   63,000
Payment of employee restricted stock tax witholdings (903)  
Cash flows provided by financing activities 219,141 108,688
Effect of foreign exchange rate changes on cash 1,621 1,233
Net increase (decrease) in cash (6,402) 11,403
Cash and restricted cash, beginning of year 79,140 59,134
Cash and restricted cash, end of period 72,738 70,537
Supplemental information    
Non-cash additions to property, plant and equipment 121 $ 149
Dividends declared to stockholders but not paid 9,152  
Dividends declared to noncontrolling interests but not paid $ 2,400