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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash flows from operating activities    
Net income $ 111,598 $ 43,733
Reconciliation of net income to net cash provided by operating activities    
Depreciation and amortization 21,829 16,976
Debt discount and deferred loan cost amortization 229 1,314
Stock-based compensation 3,384  
Inventory obsolescence 932 618
Loss on disposal of assets 1,759 115
Deferred income taxes 11,762 167
Loss on debt extinguishment 4,305  
Changes in operating assets and liabilities:    
Accounts receivable (21,761) (40,647)
Inventories (22,866) (25,630)
Prepaid expenses and other assets (3,835) (4,380)
Accounts payable 8,108 20,834
Accrued expenses and other liabilities 6,906 6,410
Net cash provided by operating activities 122,350 19,510
Cash flows from investing activities    
Capital expenditures (55,720) (22,327)
Patent expenditures   (8)
Proceeds from sale of assets 1,313 908
Net cash used in investing activities (54,407) (21,427)
Cash flows from financing activities    
Principal payments on long-term debt (248,529) (1,927)
Payment of deferred financing costs (576)  
Payments on capital leases (4,456) (1,682)
Net proceeds from IPO and Follow-on Offering 828,168  
Distributions to members (31,848)  
Redemption of CW Units (575,681)  
Net cash used in financing activities (32,922) (3,609)
Effect of exchange rate changes on cash and cash equivalents (614) 62
Net increase (decrease) in cash and cash equivalents 34,407 (5,464)
Cash and cash equivalents    
Beginning of period 7,574 8,688
End of period $ 41,981 $ 3,224