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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities:    
Net income (loss) $ (14,248) $ (18,476)
Adjustments to reconcile net income (loss) to net cash used for operating activities:    
Depreciation and amortization 3,215 3,297
Amortization of operating lease right-of-use assets 2,272 0
Amortization of inventory step-up 284 5,043
Amortization of financing transaction costs 115 0
Accretion of asset retirement obligation 32 31
Accretion of contingent earn-out consideration 16 0
Write-off of deferred financing transaction costs 344 0
Impairment of goodwill 0 1,390
Provision for accounts receivable allowances 659 733
Deferred tax (benefit) provision (9) (218)
Share-based compensation expense 73 471
Loss (gain) on sale or disposal of assets 0 2
Changes in assets and liabilities, net of effects of purchase of a business:    
Accounts receivable 7,466 10,709
Inventories (11,417) (20,312)
Prepaid expenses and other assets 1,743 (1,445)
Accounts payable (3,365) 4,995
Lease liabilities (2,003) 0
Accrued expenses and long-term obligations (2,512) (1,624)
Net cash used for operating activities (17,335) (15,404)
Cash flows from investing activities:    
Final payment of purchase price for a business previously acquired 0 (2,500)
Purchase of a business 0 (2,500)
Purchase of property, plant and equipment (3,464) (3,159)
Proceeds from sale of fixed assets 59 0
Net cash used for investing activities (3,405) (8,159)
Cash flows from financing activities:    
Borrowings on credit facility 87,085 0
Payments on credit facility (69,563) 0
Payments on long-term debt (240) (57)
Dividends paid 0 (1,824)
Payment of financing transaction costs (1,340) 0
Tax effect on stock awards (42) 0
Net cash provided by (used for) financing activities 15,900 (1,881)
Effect of exchange rate changes on cash (9) (13)
Net decrease in cash and cash equivalents (4,849) (25,457)
Cash and cash equivalents at beginning of period 17,100 58,560
Cash and cash equivalents at end of period $ 12,251 $ 33,103