XML 18 R7.htm IDEA: XBRL DOCUMENT v3.19.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash flows from operating activities    
Net income (loss) $ 48,446 $ 26,408
Reconciliation of net income (loss) to net cash provided by operating activities    
Depreciation and amortization 8,881 6,621
Debt discount and deferred loan cost amortization 42 219
Stock-based compensation 1,676 834
Inventory obsolescence 224 451
Loss on disposal of assets 863 29
Deferred income taxes (2,796) 963
Loss on debt extinguishment   4,305
Changes in operating assets and liabilities:    
Accounts receivable (15,597) (419)
Inventories (8,875) (5,594)
Prepaid expenses and other assets 2,156 (56)
Accounts payable 192 792
Accrued expenses and other liabilities 737 4,012
Operating lease liabilities (1,710)  
Net cash provided by operating activities 34,239 38,565
Cash flows from investing activities    
Capital expenditures and other (14,655) (16,127)
Proceeds from sale of assets 808 440
Net cash used in investing activities (13,847) (15,687)
Cash flows from financing activities    
Principal payments on long-term debt   (248,529)
Payments on capital leases 1,846  
Payments on capital leases   (1,266)
Net proceeds from equity offerings   469,621
Distributions to members (235) (26,041)
Redemption of CW Units   (216,425)
Repurchase of shares (1,474)  
Net cash used in financing activities (3,555) (22,640)
Effect of exchange rate changes on cash and cash equivalents 438 48
Net increase (decrease) in cash and cash equivalents 17,275 286
Cash and cash equivalents    
Beginning of period 70,841 7,574
End of period $ 88,116 $ 7,860