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CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash flows from operating activities:    
Net income (loss) $ 5,189 $ (4,221)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation 14,723 5,430
Amortization of intangible assets 22,700 14,464
Amortization of debt issuance costs and debt discount 4,844 1,707
Inventory fair value purchase accounting adjustment 664 1,635
Provision for doubtful accounts 766 1,132
Stock-based compensation 1,765 0
Unrealized gain on derivative instruments, net (13,155) 0
Loss on disposal of property and equipment 242 110
Deferred income taxes 3,356 (1,875)
Change in assets and liabilities, net of effects of acquisitions:    
Accounts receivable (32,706) (15,248)
Other receivables 10,638 3,982
Inventories (2,807) (12,378)
Prepaid expenses and other current assets 561 403
Other assets 393 197
Accounts payable 17,875 26,959
Accrued payroll and employee benefits (4,433) (1,468)
Accrued taxes (1,474) 1,031
Other liabilities (7,258) (3,087)
Net cash provided by operating activities 21,883 18,773
Cash flows from investing activities:    
Purchases of property and equipment (17,525) (7,763)
Payment of net working capital adjustments (405) 0
Proceeds from net working capital adjustments 8,554 0
Proceeds from the disposal of fixed assets 429 0
Acquisitions, net of cash acquired (52,951) (57,942)
Net cash used in investing activities (61,898) (65,705)
Cash flows from financing activities:    
Proceeds from asset-based revolving credit facility 280,995 15,000
Repayments of asset-based revolving credit facility (415,497) (30,000)
Principal borrowings on long-term debt 0 67,200
Principal payments on long-term debt 0 (1,400)
Debt issuance costs 0 (1,281)
Principal repayment of capital lease obligations (1,395) 0
Issuance of common stock 163,952 0
Capital contributions 2,997 0
Capital distributions 0 (17)
Net cash provided by financing activities 31,052 49,502
Effect of exchange rate changes on cash 357 0
Net (decrease) increase in cash (8,606) 2,570
Cash and cash equivalents at beginning of period 28,552 10,662
Cash and cash equivalents at end of period 19,946 13,232
Supplemental disclosures of cash flow information:    
Cash paid for income taxes 143 1,610
Cash paid for interest 25,699 14,582
Supplemental disclosures of non-cash investing and financing activities:    
Change in fair value of derivatives, net of tax 1,400 0
Assets acquired under capital lease 658 0
Goodwill adjustment for purchase price allocation 1,724 0
Tax receivable agreement 203,837 0
Property and equipment included in accounts payable $ 198 $ 0