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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities:    
Net (loss) income $ (12,183) $ 82,480
Less: gain on sale of business 13,713 0
Less: net income from discontinued operations 10,523 4,574
Net (loss) income from continuing operations (36,419) 77,906
Adjustments to reconcile net (loss) income to net cash provided by operating activities of continuing operations:    
Depreciation 33,437 29,404
Amortization of intangible assets 43,982 41,456
Amortization of debt issuance costs and debt discount 7,370 9,910
Inventory fair value purchase accounting adjustment 1,057 720
Loss on extinguishment of debt 58,475 0
Provision for doubtful accounts 1,810 1,721
Stock-based compensation 2,175 1,902
Reduction in tax receivable agreement (1,189) (68,033)
Unrealized gain on derivative instruments, net (265) (13,059)
Loss on disposal of property and equipment 552 200
Deferred income taxes 221 (6,263)
Change in assets and liabilities, net of effects of acquisitions:    
Accounts receivable (23,326) 4,602
Other receivables (1,721) (3,610)
Inventories (8,834) (10,449)
Prepaid expenses and other current assets 2,708 378
Other assets (1,320) 2,970
Accounts payable (1,951) 19,362
Accrued payroll and employee benefits 11,105 (5,351)
Accrued taxes 4,893 (1,528)
Other liabilities (16,911) (12,186)
Net cash provided by operating activities from continuing operations 75,849 70,052
Cash flows from investing activities from continuing operations:    
Purchases of property and equipment (34,892) (28,249)
Payment of net working capital adjustments related to acquisitions (40) (405)
Proceeds from net working capital adjustments related to acquisitions 154 8,602
Proceeds from the disposal of fixed assets 2,315 2,586
Acquisitions, net of cash acquired (93,477) (73,038)
Net cash used in investing activities from continuing operations (125,940) (90,504)
Cash flows from financing activities from continuing operations:    
Proceeds from asset-based revolving credit facility 897,911 400,239
Repayments of asset-based revolving credit facility (799,272) (561,509)
Term loan proceeds 450,000 0
Principal payments on long-term debt (575,000) 0
Prepayment premium on bond (23,872) 0
Debt issuance costs and deferred finance costs (7,935) 0
Tax withholding payment related to net settlement of equity awards (61) 0
Principal repayment of capital lease obligations (2,771) (2,582)
Issuance of common stock 0 163,952
Capital contributions 0 2,997
Net cash (used in) provided by financing activities from continuing operations (61,000) 3,097
Net cash (used in) provided by operating activities from discontinued operations (6,614) 7,209
Net cash provided by (used in) investing activities from discontinued operations 121,568 (6,434)
Net cash used in financing activities of discontinued operations (162) (255)
Net cash provided by discontinued operations 114,792 520
Effect of exchange rate changes on cash (503) 384
Net increase (decrease) in cash 3,198 (16,451)
Cash and cash equivalents at beginning of period 15,299 12,101
Cash and cash equivalents at end of period 12,101 28,552
Supplemental disclosures of cash flow information:    
Cash paid for income taxes 2,507 4,129
Cash paid for interest 61,199 50,866
Supplemental disclosures of non-cash investing and financing activities:    
Change in fair value of derivatives, net of tax 4,616 2,970
Assets acquired under capital lease 0 670
Goodwill adjustment for purchase price allocation 202 519
Tax receivable agreement 0 203,837
Embedded derivative in issued notes 0 0
Notes received for disposals of equipment $ 0 $ 134