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CONSOLIDATED STATEMENTS OF CASH FLOW - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended 24 Months Ended
Dec. 31, 2019
Mar. 31, 2019
Dec. 31, 2018
Apr. 01, 2018
Sep. 30, 2019
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES                  
Net income $ 19,984 $ 20,849 $ 26,970 $ 30,068   $ 89,566 $ 119,832 $ 85,718  
Adjustments to reconcile net income to net cash provided by operating activities:                  
Depreciation and amortization           62,795 55,052 33,541  
Amortization of convertible notes debt discount           7,021 5,885 0  
Stock-based compensation expense           15,436 13,981 10,411  
Deferred income taxes           5,593 759 (6,477)  
Other           (1,661) (2,841) 422  
Change in operating assets and liabilities, net of acquisitions of businesses:                  
Trade receivables           5,768 26,680 (11,152)  
Inventories           19,682 92 (35,270)  
Prepaid expenses and other assets           (12,869) 1,654 (7,600)  
Accounts payable, accrued liabilities and other           1,079 (21,081) 30,308  
Net cash provided by operating activities           192,410 200,013 99,901  
CASH FLOWS FROM INVESTING ACTIVITIES                  
Capital expenditures           (27,661) (34,486) (22,497)  
Proceeds from sale of property, equipment, facility and other           4,402 6,463 1,211  
Business acquisitions, net of cash acquired           (55,953) (343,347) (251,851)  
Net cash used in investing activities           (79,212) (371,370) (273,137)  
CASH FLOWS FROM FINANCING ACTIVITIES                  
Term debt borrowings           7,500 36,981 0  
Term debt repayments           (6,250) (7,691) (15,766)  
Borrowing on revolver           653,129 1,211,464 673,830  
Repayments on revolver           (910,461) (1,106,528) (576,860)  
Proceeds from senior notes offering           300,000      
Proceeds from convertible notes offering           0 172,500 0  
Purchase of convertible notes hedges           0 (31,481) 0  
Proceeds from sale of warrants           0 18,147 0  
Cash dividends paid to shareholders           (5,798)      
Stock repurchases under buyback program           (3,815) (107,567) 0  
Proceeds from public offering of common stock, net of expenses           0 0 93,306  
Payments related to vesting of stock-based awards, net of shares tendered for taxes           (3,380) (2,698) (4,821)  
Payment of deferred financing costs           (7,219) (7,632) (997)  
Payment of contingent consideration from a business acquisition         $ (4,400) (4,416) 0 0  
Other financing activities           7 (10) 862  
Net cash provided by financing activities           19,297 175,485 169,554  
Increase (decrease) in cash and cash equivalents           132,495 4,128 (3,682)  
Cash and cash equivalents at beginning of year   $ 6,895   $ 2,767 $ 6,895 6,895 2,767 6,449 $ 2,767
Cash and cash equivalents at end of year $ 139,390   $ 6,895     $ 139,390 $ 6,895 $ 2,767 $ 139,390