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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Operating activities:    
Net income (loss) $ 135,486 $ (66,951)
Adjustments to reconcile net income (loss) to cash provided by operating activities:    
Depreciation and amortization 45,501 48,804
Share-based compensation expense 13,040 7,814
Loss on divestiture 0 65,472
(Gain) loss on extinguishment of debt 40,433 2,271
Provision for losses on accounts receivable 15,777 7,589
Deferred income tax (benefit) expense (11,293) 4,269
Changes in operating lease right-of-use assets and lease liabilities 826 (1,029)
Changes in operating assets and liabilities:    
Accounts receivable (57,256) 37,154
Merchandise inventories (298,294) 107,083
Accounts payable 127,473 16,395
Net change in other assets and liabilities (3,363) (76,289)
Other, net 4,076 (2,125)
Cash provided by operating activities 12,406 150,457
Investing activities:    
Proceeds from divestiture 0 133,000
Additions to property and equipment (14,630) (8,733)
Additions to computer software (4,051) (3,409)
Proceeds from sale of property and equipment 22 69
Proceeds from cash surrender value of life insurance policies 0 6,032
Cash (used for) provided by investing activities (18,659) 126,959
Financing activities:    
Proceeds from issuance of debt 574,900 150,000
Repayments under revolving credit facility (69,900) (47,900)
Repayments of debt (523,140) (258,005)
Financing costs paid (12,868) (10,367)
Cash dividends paid (364) (311)
Payment for termination of interest rate swaps (15,434) 0
Other, net (17,982) (4,479)
Cash used for financing activities (64,788) (171,062)
Effect of exchange rate changes on cash and cash equivalents (1,718) 5,412
Net (decrease) increase in cash, cash equivalents and restricted cash (72,759) 111,766
Cash, cash equivalents and restricted cash at beginning of period 134,506 84,687
Cash, cash equivalents and restricted cash at end of period 61,747 196,453
Supplemental disclosure of cash flow information:    
Income taxes paid, net of refunds 68,030 5,975
Interest paid $ 17,768 $ 43,840