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CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash flows from operating activities:    
Net income (loss) $ 3,929 $ (1,261)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation 7,131 2,521
Amortization of intangible assets 11,265 7,092
Amortization of debt issuance costs and debt discount 2,399 892
Inventory fair value adjustment 71 990
Stock-based compensation 1,553 0
Provision for doubtful accounts 135 586
Unrealized gain on derivative instruments, net (13,219) 0
Loss on disposal of property and equipment 152 100
Deferred income taxes 2,543 (450)
Change in assets and liabilities, net of effects of acquisitions:    
Accounts receivable (11,273) (5,129)
Other receivables 12,595 10,580
Inventories (2,137) (3,542)
Prepaid expenses and other current assets 787 (526)
Other assets 158 117
Accounts payable 8,249 15,467
Accrued payroll and employee benefits (7,793) (2,461)
Accrued taxes (238) 0
Other liabilities (15,424) 287
Net cash provided by operating activities 883 25,263
Cash flows from investing activities:    
Capital expenditures (7,572) (3,185)
Proceeds from the disposal of fixed assets 98 0
Acquisitions (13,195) 0
Net cash used in investing activities (20,669) (3,185)
Cash flows from financing activities:    
Proceeds from asset-based credit facility 114,500 0
Repayments of asset-based credit facility (281,032) (15,000)
Principal payments on long-term debt 0 (613)
Principal repayment of capital lease obligations (691) 0
Issuance of common stock 164,189 0
Capital contributions 2,997 0
Net cash used in financing activities (37) (15,613)
Effect of exchange rate changes on cash 64 0
Net (decrease) increase in cash (19,759) 6,465
Cash and cash equivalents at beginning of period 28,552 10,662
Cash and cash equivalents at end of period 8,793 17,127
Supplemental disclosures of cash flow information:    
Cash paid during the period for income taxes 39 302
Cash paid during the period for interest 25,308 7,068
Supplemental disclosures of non-cash investing and financing activities:    
Change in fair value of derivatives, net of tax 461 0
Assets acquired under capital lease 378 0
Goodwill adjustment for purchase price allocation 723 0
Tax receivable agreement $ 203,837 $ 0