XML 17 R6.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ 2,535 $ (35,830)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization 38,602 32,669
Gain on extinguishment 0 (6,975)
Deferred income tax expense (benefit) 166 (18,644)
Amortization of deferred revenue rebate 1,385 1,385
Amortization of deferred debt issuance costs 3,322 1,806
Stock-based compensation 8,730 1,130
Loss on disposal of assets 28,971 12,859
Gain on interest rate swap (226) (54)
Changes in operating assets and liabilities:    
Accounts receivable (44,868) 3,255
Other current assets 3,271 (4)
Inventories (4,435) 1,579
Prepaid expenses (910) 2,845
Accounts payable 41,564 (2,294)
Accrued liabilities 589 620
Accrued interest (23) 1
Net cash provided by (used in) operating activities 78,673 (5,652)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (193,820) (18,631)
Proceeds from sale of assets 4,237 475
Net cash used in investing activities (189,583) (18,156)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from borrowings 27,112 0
Repayments of borrowings (164,638) (42,166)
Repayments of insurance financing (2,900) (2,833)
Debt extinguishment cost 0 (525)
Payment of debt issuance costs (1,653) (115)
Equity capitalization 0 40,425
Proceeds from IPO 185,500 0
Payment of IPO costs (15,099) 0
Net cash provided by (used in) financing activities 28,322 (5,214)
NET DECREASE IN CASH AND CASH EQUIVALENTS (82,588) (29,022)
CASH AND CASH EQUIVALENTS - Beginning of period 133,596 34,310
CASH AND CASH EQUIVALENTS - End of period $ 51,008 $ 5,288