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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
1 Months Ended 3 Months Ended 12 Months Ended
Jan. 31, 2019
Mar. 31, 2020
Mar. 31, 2019
Dec. 31, 2019
Cash flows from operating activities:        
Net income   $ 14,376 $ 3,482  
Add: loss on sale of discontinued operations   0 (1,346)  
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent, Total   14,376 4,828  
Adjustments to reconcile net income to net cash provided by operating activities from continuing operations:        
Depreciation   7,249 8,846  
Amortization of intangible assets   11,970 11,496  
Amortization of debt issuance costs and debt discount   540 539  
Inventory fair value purchase accounting adjustment   0 196  
Provision for expected credit losses   652 636  
Stock-based compensation   1,393 829  
Loss on disposal of property and equipment   51 191  
Right-of-use assets non-cash expense   7,489 6,743  
Deferred income taxes   3,133 211  
Change in assets and liabilities, net of effects of acquisitions:        
Accounts receivable   (30,308) (23,860)  
Other receivables   16,875 16,851  
Inventories   5,924 (2,917)  
Prepaid expenses and other current assets   460 (2,206)  
Other assets   (24) (15)  
Accounts payable   6,256 9,182  
Accrued payroll and employee benefits   (7,349) (7,601)  
Accrued taxes   863 (831)  
Operating lease liabilities   (7,335) (6,618)  
Other liabilities   (4,499) 1,209  
Net cash provided by operating activities from continuing operations   27,716 17,709  
Cash flows from investing activities from continuing operations:        
Purchases of property and equipment   (11,442) (5,242)  
Payments of net working capital adjustments related to acquisitions   34 13  
Proceeds from the disposal of fixed assets   474 238  
Acquisitions, net of cash acquired   (8,638) (10,757)  
Net cash used in investing activities from continuing operations   (19,640) (15,774)  
Cash flows from financing activities from continuing operations:        
Proceeds from asset-based revolving credit facility   322,500 145,276  
Payments of Asset-Based Credit Facility   (176,500) (137,776)  
Repayments of Long-term Debt   (1,125) (1,125)  
Payment related to tax receivable agreement $ (16,700) (27,850) (16,667) $ (27,900)
Tax withholding payment related to net settlement of equity awards   (362) (130)  
Principal repayment of finance lease obligations   (678) (654)  
Net cash provided by (used in) financing activities from continuing operations   115,985 (11,076)  
Net cash used in investing activities from discontinued operations   0 (1,346)  
Net cash used in discontinued operations   0 (1,346)  
Effect of exchange rate changes on cash   (592) 166  
Net increase (decrease) in cash   123,469 (10,321)  
Cash and cash equivalents at beginning of period $ 15,299 17,766 15,299 15,299
Cash and cash equivalents at end of period   141,235 4,978 $ 17,766
Supplemental disclosures of cash flow information:        
Cash paid for income taxes   103 79  
Cash paid for interest   7,665 8,613  
Supplemental disclosures of non-cash investing and financing activities:        
Change in fair value of derivatives, net of tax   499 3,496  
Goodwill adjustment for purchase price allocation   $ 55 $ 187