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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operating activities:    
Net income (loss) $ 30,857 $ (30,434)
Add: loss on sale of discontinued operations (1,401) 0
Less: net income from discontinued operations 0 7,913
Net income (loss) from continuing operations 32,258 (38,347)
Adjustments to reconcile net income (loss) to net cash provided by operating activities from continuing operations:    
Depreciation 26,173 24,383
Amortization of intangible assets 34,738 32,539
Amortization of debt issuance costs and debt discount 1,617 6,834
Loss on extinguishment of debt 0 58,475
Inventory fair value purchase accounting adjustment 234 413
Provision for doubtful accounts 2,017 1,654
Stock-based compensation 3,056 1,512
Unrealized gain on derivative instruments, net 0 (56)
(Gain) loss on disposal of property and equipment (54) 614
Right-of-use assets non-cash expense 20,586 0
Deferred income taxes 63 (13,038)
Change in assets and liabilities, net of effects of acquisitions:    
Accounts receivable (32,949) (65,361)
Other receivables 10,520 5,361
Inventories 5,623 (3,244)
Prepaid expenses and other current assets (4,198) (496)
Other assets (187) (1,928)
Accounts payable 2,417 (8,940)
Accrued payroll and employee benefits 214 7,929
Accrued taxes (860) 4,783
Operating lease liability (20,034) 0
Other liabilities 6,019 (13,960)
Net cash provided by (used in) operating activities from continuing operations 87,253 (873)
Cash flows from investing activities from continuing operations:    
Purchases of property and equipment (29,369) (28,157)
Proceeds from termination of net investment hedge 3,313 0
Proceeds from net working capital adjustments related to acquisitions 461 115
Proceeds from the disposal of fixed assets 2,719 1,605
Acquisitions, net of cash acquired (21,882) (70,334)
Net cash used in investing activities from continuing operations (44,758) (96,771)
Cash flows from financing activities from continuing operations:    
Proceeds from asset-based revolving credit facility 403,454 757,298
Repayments of asset-based revolving credit facility (415,178) (498,964)
Principal payments for term loan 3,375 0
Term loan proceeds 0 450,000
Term loan original issuance discount and deferred finance costs 0 (7,935)
Repayment of bond principal 0 (575,000)
Prepayment premium on senior secured notes 0 (23,872)
Payment related to tax receivable agreement (16,667) 0
Tax withholding payment related to net settlement of equity awards (155) (61)
Principal repayment of finance lease obligations (2,002) (2,094)
Net cash (used in) provided by financing activities from continuing operations (33,923) 99,372
Net cash used in operating activities from discontinued operations 0 (2,063)
Net cash used in investing activities from discontinued operations (1,401) (928)
Net cash used in financing activities of discontinued operations 0 (140)
Net cash used in discontinued operations (1,401) (3,131)
Effect of exchange rate changes on cash 198 (138)
Net increase (decrease) in cash 7,369 (1,541)
Cash and cash equivalents at beginning of period 15,299 12,101
Cash and cash equivalents at end of period 22,668 10,560
Supplemental disclosures of cash flow information:    
Cash paid for income taxes 10,401 1,504
Cash paid for interest 24,150 52,288
Supplemental disclosures of non-cash investing and financing activities:    
Change in fair value of derivatives, net of tax 5,663 839
Goodwill adjustment for purchase price allocation $ 57 $ 202