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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash flows from operating activities    
Net income $ 29,910 $ 42,193
Reconciliation of net income to net cash provided by operating activities:    
Depreciation and amortization 18,352 21,500
Deferred financing cost amortization 84 84
Stock-based compensation 4,438 4,204
Provision for expected credit losses 149 574
Inventory obsolescence 1,566 2,322
Gain on disposal of assets (613) (438)
Deferred income taxes (4,506) 5,565
(Gain) loss from revaluation of liability related to tax receivable agreement 1,004 (1,310)
Changes in operating assets and liabilities:    
Accounts receivable (27,858) 42,039
Inventories (2,569) 17,076
Prepaid expenses and other assets 499 2,619
Accounts payable 12,774 (25,686)
Accrued expenses and other liabilities 9,999 (8,193)
Net cash provided by operating activities 43,229 102,549
Cash flows from investing activities    
Capital expenditures and other (5,461) (18,902)
Proceeds from sale of assets 1,108 2,352
Net cash used in investing activities (4,353) (16,550)
Cash flows from financing activities    
Payments on finance leases (2,479) (3,265)
Dividends paid to Class A common stock shareholders (9,426) (8,568)
Distributions to members (3,560) (4,712)
Repurchases of shares (3,174) (1,385)
Net cash used in financing activities (18,639) (17,930)
Effect of exchange rate changes on cash and cash equivalents 186 1
Net increase in cash and cash equivalents 20,423 68,070
Cash and cash equivalents    
Beginning of period 288,659 202,603
End of period 309,082 270,673
Supplemental disclosure of cash flow information    
Property and equipment acquired under finance leases 6,582 1,896
Property and equipment in payables $ 694 $ 808