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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities    
Net income $ 42,193 $ 89,196
Reconciliation of net income to net cash provided by operating activities:    
Depreciation and amortization 21,500 18,257
Deferred financing cost amortization 84 84
Stock-based compensation 4,204 3,568
Provision for expected credit losses 574 0
Inventory obsolescence 2,322 1,188
(Gain) loss on disposal of assets (438) 1,403
Deferred income taxes 5,565 7,060
Gain from revaluation of liability related to tax receivable agreement (1,310) 0
Changes in operating assets and liabilities:    
Accounts receivable 42,039 (20,696)
Inventories 17,076 (12,010)
Prepaid expenses and other assets 2,619 1,261
Accounts payable (25,686) 1,691
Accrued expenses and other liabilities (8,193) 7,316
Net cash provided by operating activities 102,549 98,318
Cash flows from investing activities    
Capital expenditures and other (18,902) (29,924)
Proceeds from sale of assets 2,352 1,175
Net cash used in investing activities (16,550) (28,749)
Cash flows from financing activities    
Payments on finance leases (3,265) (3,723)
Dividends paid to Class A common stock shareholders (8,568) 0
Distributions to members (4,712) (3,848)
Repurchases of shares (1,385) (1,516)
Net cash used in financing activities (17,930) (9,087)
Effect of exchange rate changes on cash and cash equivalents 1 (174)
Net increase in cash and cash equivalents 68,070 60,308
Cash and cash equivalents    
Beginning of period 202,603 70,841
End of period 270,673 131,149
Supplemental disclosure of cash flow information    
Property and equipment acquired under finance leases 1,896 2,359
Property and equipment in payables $ 808 $ 3,943