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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) $ 13,049 $ (22,085)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation & amortization expense 44,907 48,782
Loss on disposal of property, plant and equipment 1,353 1,033
Gain on extinguishment of debt (66) 0
Amortization of debt discount and issuance costs 3,730 4,013
Stock-based compensation expense 5,471 2,661
Earnings from equity method investee (5,925) (4,969)
Distributions from equity method investee 4,500 1,500
Unrealized loss on derivative instruments, net 921 5,024
Unrealized foreign currency loss / (gain), net 212 (93)
Provision (recoveries) for doubtful accounts 80 (194)
Deferred taxes 1,816 (9,566)
Other non-cash items 2,088 919
Change in assets and liabilities:    
Receivables, net (66,160) (67,813)
Inventories (945) (5,734)
Other current assets 2,435 (641)
Accounts payable and accrued liabilities 27,950 13,066
Other assets & liabilities 4,447 6,775
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES 40,239 (27,322)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of property, plant and equipment, and intangible assets (9,054) (34,051)
Proceeds from sale of fixed assets 10,590 9,509
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES 1,536 (24,542)
CASH FLOWS FROM FINANCING ACTIVITIES    
Payment of debt issuance costs (1,734) 0
Payments on term loans (21,368) (6,255)
Proceeds from revolver 180,000 54,000
Payments on revolver (180,000) (15,000)
Other financing activities (454) (395)
NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES (23,556) 32,350
Effect of exchange rate changes on cash (513) 512
Net change in cash and cash equivalents 17,706 (19,002)
Cash and cash equivalents, beginning of period 34,800 35,793
Cash and cash equivalents, end of period 52,506 16,791
SUPPLEMENTAL DISCLOSURES:    
Cash interest paid 33,134 38,835
Income taxes paid (refunds received), net (241) 3,911
Term Loan | Senior Notes    
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Gain on extinguishment of debt (66) 0
Write-off of debt discount and issuance costs 300  
ABL Credit Agreement | Revolver | Revolving Line of Credit    
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Write-off of debt discount and issuance costs $ 376 $ 0