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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities    
Net income $ 33,098 $ 48,446
Reconciliation of net income to net cash provided by operating activities:    
Depreciation and amortization 10,980 8,881
Debt discount and deferred financing cost amortization 42 42
Stock-based compensation 1,973 1,676
Provision for bad debts 625  
Inventory obsolescence 1,353 224
Loss on disposal of assets 961 863
Deferred income taxes 4,848 (2,796)
Changes in operating assets and liabilities:    
Accounts receivable (8,244) (15,597)
Inventories 8,306 (8,875)
Prepaid expenses and other assets 1,497 2,156
Accounts payable (8,142) 192
Accrued expenses and other liabilities (2,136) (973)
Net cash provided by operating activities 45,161 34,239
Cash flows from investing activities    
Capital expenditures and other (9,441) (14,655)
Proceeds from sale of assets 1,103 808
Net cash used in investing activities (8,338) (13,847)
Cash flows from financing activities    
Payments on finance leases (1,764) (1,846)
Dividends paid to Class A common stock shareholders (4,281)  
Distributions to members (2,203) (235)
Repurchase of shares (1,356) (1,474)
Net cash used in financing activities (9,604) (3,555)
Effect of exchange rate changes on cash and cash equivalents 380 438
Net increase in cash and cash equivalents 27,599 17,275
Cash and cash equivalents    
Beginning of period 202,603 70,841
End of period 230,202 88,116
Supplemental Disclosures of Cash Flow Information    
Property and equipment acquired under finance leases 1,896 216
Property and equipment in payables $ 3,767 $ 3,643