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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Dec. 31, 2019
Cash flows from operating activities:          
Net income (loss) $ 3,996 $ (8,147) $ 2,693 $ (12,138)  
Adjustments to reconcile to net cash provided by operating activities:          
Depreciation and amortization     18,001 17,615  
Gain on sale of fixed assets     (304) (584)  
Equity-based compensation expense     4,443 4,224  
Deferred income taxes     294 601  
Non-cash restructuring charges     503 1,409  
Goodwill impairment 1,258 0 1,258 [1] 0  
Definite-lived intangible asset impairment 957 0 957 0  
Impairment of assets held for sale     0 11,946  
Gain on sale of businesses     (680) 0  
(Gain) loss on foreign currency transactions     (319) 701  
Other     983 (190)  
Changes in operating assets and liabilities (net of acquisitions):          
Receivables net, retainage and contract assets     30,488 (289)  
Inventories     6,705 (3,966)  
Prepaid expenses and other assets     (821) 6,153  
Accounts payable and accrued expenses     (7,650) (5,887)  
Contract liabilities     216 (5,056)  
Other operating     3,571 (360)  
Net cash provided by operating activities     60,338 14,179  
Cash flows from investing activities:          
Capital expenditures     (10,576) (14,328)  
Proceeds from sale of fixed assets     557 968  
Patent expenditures     (154) (197)  
Sale of businesses, net of cash disposed     3,602 0  
Net cash used in investing activities     (6,571) (13,557)  
Cash flows from financing activities:          
Proceeds from issuance of common stock upon stock option exercises     0 956  
Repurchase of common stock     (5,104) (25,171)  
Distributions to non-controlling interests     (153) (1,409)  
Credit facility amendment fees     (1,995) 0  
Payments on notes payable, net     0 (179)  
Proceeds from line of credit, net     2,000 7,000  
Principal payments on long-term debt     (17,500) (13,125)  
Net cash used in financing activities     (22,752) (31,928)  
Effect of exchange rate changes on cash     (919) 226  
Net increase (decrease) in cash, cash equivalents and restricted cash for the period     30,096 (31,080)  
Cash, cash equivalents and restricted cash, beginning of year     66,222 84,886 $ 84,886
Cash, cash equivalents and restricted cash, end of period 96,318 53,806 96,318 53,806 66,222
Cash, cash equivalents and restricted cash associated with assets held for sale, end of period 0 (1,709) 0 (1,709)  
Cash, cash equivalents and restricted cash, end of period $ 96,318 $ 52,097 $ 96,318 $ 52,097 $ 66,222
[1] During the second quarter of 2020, the Company recorded a $1.3 million goodwill impairment related to restructuring activities in Energy Services (see Note 4).