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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash flows from operating activities    
Net income $ 67,950 $ 21,432
Reconciliation of net income to net cash provided by operating activities    
Depreciation and amortization 13,988 10,902
Debt discount and deferred loan cost amortization 219 876
Stock-based compensation 2,097  
Inventory obsolescence 830  
Loss on disposal of assets 706 118
Deferred income taxes 4,094 83
Loss on debt extinguishment 4,305  
Changes in operating assets and liabilities    
Accounts receivable (12,647) (25,996)
Inventories (14,943) (16,493)
Prepaid expenses and other assets 2,387 (1,248)
Accounts payable 7,302 12,445
Accrued expenses and other liabilities 4,417 4,304
Net cash provided by operating activities 80,705 6,423
Cash flows from investing activities    
Capital expenditures (32,128) (16,468)
Proceeds from sale of assets 780 586
Net cash used in investing activities (31,348) (15,882)
Cash flows from financing activities    
Principal payments on long-term debt (248,529) (1,284)
Revolver Borrowings   5,000
Payments on capital leases (2,788) (860)
Net proceeds from IPO 469,621  
Distributions to members (30,275)  
Redemptions of CW Units (216,425)  
Net cash (used in) provided by financing activities (28,396) 2,856
Effect of exchange rate changes on cash and cash equivalents (132) 49
Net increase (decrease) in cash and cash equivalents 20,829 (6,554)
Cash and cash equivalents    
Beginning of period 7,574 8,688
End of period $ 28,403 $ 2,134