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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Dec. 31, 2015
Oct. 08, 2015
Dec. 31, 2017
Dec. 31, 2016
Cash flows from operating activities:        
Net income (loss) $ (7,926) $ (29,455) $ 82,480 $ (28,370)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:        
Depreciation 1,973   30,582 16,487
Amortization of intangible assets 5,197 7,800 46,268 34,891
Amortization of debt issuance costs and debt discount 787   9,910 5,950
Inventory fair value purchase accounting adjustment 7,453   814 6,469
Loss on extinguishment of debt 0   0 5,354
Provision for doubtful accounts 483   2,095 1,608
Stock-based compensation 0   2,199 0
Reduction in tax receivable agreement liability 0 0 (68,033) 0
Unrealized (gain) loss on derivative instruments, net 0   (13,059) 6,952
Loss (gain) on disposal of property and equipment (30)   276 1,791
Paid-in-kind interest 0   0 0
Deferred income taxes 6,521   (6,081) (17,669)
Change in assets and liabilities, net of effects of acquisitions:        
Accounts receivable 11,436   1,115 5,985
Other receivables (5,973)   (4,078) (13,220)
Inventories 89   (16,359) (9,727)
Prepaid expenses and other current assets 942   260 (3,588)
Other assets 10,110   2,980 (800)
Accounts payable (13,088)   25,975 (21,622)
Accrued payroll and employee benefits 1,753   (6,015) 3,931
Accrued taxes (1,399)   (1,385) 3,392
Other liabilities (718)   (12,683) 35,316
Net cash provided by operating activities 17,610   77,261 33,130
Cash flows from investing activities:        
Purchases of property and equipment (2,760)   (29,760) (30,473)
Payment of net working capital adjustments related to acquisitions 0   (405) 0
Proceeds from net working capital adjustments related to acquisitions 0   8,602 0
Proceeds from the disposal of fixed assets 0   2,586 587
Acquisitions, net of cash acquired (657,563)   (77,961) (401,919)
Net cash used in investing activities (660,323)   (96,938) (431,805)
Cash flows from financing activities:        
Proceeds from asset-based revolving credit facility 80,000 205,915 400,239 456,469
Repayments of asset-based revolving credit facility (10,000) (199,299) (561,509) (318,000)
Principal borrowings on long-term debt 307,950 80,000 0 645,000
Principal payments on long-term debt 0 0 0 (397,369)
Debt issuance costs (8,172) (1,165) 0 (34,406)
Principal repayment of capital lease obligations 0 0 2,837 1,175
Issuance of common stock 0 0 163,952 0
Capital contributions 272,904 1,116 2,997 66,205
Capital distributions 0 0 0 (67)
Net cash provided by financing activities 642,682 86,567 2,842 416,657
Effect of exchange rate changes on cash 0 0 384 (92)
Net (decrease) increase in cash (31) 8,477 (16,451) 17,890
Cash and cash equivalents at beginning of period 10,662 10,693 12,101 28,552
Cash and cash equivalents at end of period 10,693   28,552 10,662
Supplemental disclosures of cash flow information:        
Cash paid for income taxes 1 257 4,129 4,448
Cash paid for interest 6,695 15,649 50,866 19,745
Cash paid during the period for early debt repayment penalty 0 0 0 1,600
Supplemental disclosures of non-cash investing and financing activities:        
Change in fair value of derivatives, net of tax 0 0 2,970 1,461
Assets acquired under capital lease 0 0 670 3,196
Goodwill adjustment for purchase price allocation 0 0 519 1,210
Tax receivable agreement 0 0 203,837 0
Embedded derivative in issued notes 0 0 0 6,200
Notes received for disposals of equipment $ 0 0 $ 134 $ 0
Predecessor        
Cash flows from operating activities:        
Net income (loss)   (29,455)    
Adjustments to reconcile net income (loss) to net cash provided by operating activities:        
Depreciation   7,808    
Amortization of intangible assets   7,807    
Amortization of debt issuance costs and debt discount   3,078    
Inventory fair value purchase accounting adjustment   1,606    
Loss on extinguishment of debt   0    
Provision for doubtful accounts   1,511    
Stock-based compensation   0    
Unrealized (gain) loss on derivative instruments, net   0    
Loss (gain) on disposal of property and equipment   281    
Paid-in-kind interest   250    
Deferred income taxes   (1,837)    
Change in assets and liabilities, net of effects of acquisitions:        
Accounts receivable   (24,859)    
Other receivables   (2,806)    
Inventories   4,862    
Prepaid expenses and other current assets   (1,252)    
Other assets   (1,019)    
Accounts payable   21,437    
Accrued payroll and employee benefits   9,342    
Accrued taxes   4,019    
Other liabilities   18,403    
Net cash provided by operating activities   19,176    
Cash flows from investing activities:        
Purchases of property and equipment   (9,776)    
Payment of net working capital adjustments related to acquisitions   0    
Proceeds from net working capital adjustments related to acquisitions   0    
Proceeds from the disposal of fixed assets   0    
Acquisitions, net of cash acquired   (87,490)    
Net cash used in investing activities   $ (97,266)