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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities      
Net income $ 67,470 $ 59,215 $ 156,303
Reconciliation of net income to net cash provided by operating activities:      
Depreciation and amortization 36,308 40,520 38,854
Deferred financing cost amortization 168 168 168
Stock-based compensation 8,620 8,599 6,995
Provision for expected credit losses 310 342 355
Inventory obsolescence 3,490 4,840 2,552
(Gain) loss on disposal of assets (1,386) (2,480) 236
Deferred income taxes 4,829 6,948 25,403
(Gain) loss from revaluation of liability related to tax receivable agreement (898) 555 (5,336)
Changes in operating assets and liabilities:      
Accounts receivable (45,492) 44,829 4,204
Inventories (36,083) 18,201 (17,592)
Prepaid expenses and other assets (2,789) 6,177 438
Accounts payable 22,281 (19,434) (607)
Accrued expenses and other liabilities 16,628 (10,893) 6,994
Payments pursuant to tax receivable agreement (9,697) (14,207) (9,335)
Net cash provided by operating activities 63,759 143,380 209,632
Cash flows from investing activities      
Capital expenditures and other (13,939) (24,493) (59,703)
Proceeds from sale of assets 2,306 6,346 3,755
Net cash used in investing activities (11,633) (18,147) (55,948)
Cash flows from financing activities      
Payments on finance leases (5,205) (5,317) (7,484)
Dividends paid to Class A common stock shareholders (21,158) (17,140) (4,244)
Distributions to members (9,742) (16,304) (8,392)
Repurchases of shares (3,283) (1,445) (1,549)
Net cash used in financing activities (39,388) (40,206) (21,669)
Effect of exchange rate changes on cash and cash equivalents 272 1,029 (253)
Net increase in cash and cash equivalents 13,010 86,056 131,762
Cash and cash equivalents      
Beginning of period 288,659 202,603 70,841
End of period $ 301,669 $ 288,659 $ 202,603