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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities    
Net income $ 47,087 $ 53,079
Reconciliation of net income to net cash provided by operating activities:    
Depreciation and amortization 27,480 31,262
Deferred financing cost amortization 126 126
Stock-based compensation 6,546 6,436
Provision for expected credit losses 112 341
Inventory obsolescence 2,462 3,376
Gain on disposal of assets (1,136) (1,810)
Deferred income taxes (1,404) 5,182
Loss from revaluation of liability related to tax receivable agreement 1,004 555
Changes in operating assets and liabilities:    
Accounts receivable (35,634) 48,190
Inventories (16,491) 19,188
Prepaid expenses and other assets (4,239) 1,127
Accounts payable 22,944 (23,753)
Accrued expenses and other liabilities 12,924 (7,607)
Payments pursuant to tax receivable agreement (9,697) (14,207)
Net cash provided by operating activities 52,084 121,485
Cash flows from investing activities    
Capital expenditures and other (10,382) (21,908)
Proceeds from sale of assets 1,965 5,414
Net cash used in investing activities (8,417) (16,494)
Cash flows from financing activities    
Payments on finance leases (3,839) (4,298)
Dividends paid to Class A common stock shareholders (15,249) (12,847)
Distributions to members (8,074) (15,560)
Repurchases of shares (3,192) (1,385)
Net cash used in financing activities (30,354) (34,090)
Effect of exchange rate changes on cash and cash equivalents 2 437
Net increase in cash and cash equivalents 13,315 71,338
Cash and cash equivalents    
Beginning of period 288,659 202,603
End of period 301,974 273,941
Supplemental disclosure of cash flow information    
Property and equipment acquired under finance leases 8,286 2,018
Property and equipment in payables $ 479 $ 621