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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ 15,874 $ (22,212)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 42,417 47,040
Loss on sales and/or abandonment of property and equipment 242 370
Write-off of certain intangible assets and other long-term assets 4,368 7,820
Amortization of right-of-use operating lease assets 6,074 6,339
Fair value adjustments to contingent consideration 2,207 5,240
Amortization of deferred credits (54) (69)
Amortization of long-term debt issuance costs 302 302
Stock-based compensation expense 6,732 6,205
Changes in operating assets and liabilities, net of acquisitions and divestitures:    
Trade receivables (7,833) 15,292
Other receivables (793) 643
Inventories 3,185 2,255
Prepaid expenses and other current assets (3,823) (1,349)
Income tax refund receivables (9) (7,329)
Other assets (685) 128
Trade payables 5,639 (3,872)
Accrued expenses 9,206 19,664
Income taxes payable (860) 1,572
Deferred compensation payable 247 (661)
Operating lease liabilities (6,259) (6,177)
Other long-term obligations 263 2,015
Total adjustments 60,566 95,428
Net cash provided by operating activities 76,440 73,216
Capital expenditures for:    
Property and equipment (12,817) (25,803)
Intangible assets (1,469) (1,790)
Proceeds from the sale of property and equipment 884 27
Cash received for settlement of current note receivable   250
Cash paid in acquisitions, net of cash acquired (1,858) (100)
Net cash used in investing activities (15,260) (27,416)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of common stock 11,780 3,670
Proceeds from issuance of long-term debt 32,657 38,567
Payments on long-term debt (91,535) (67,692)
Contingent payments related to acquisitions (489) (12,861)
Payment of taxes related to an exchange of common stock (488) (866)
Net cash used in financing activities (48,075) (39,182)
Effect of exchange rates on cash (349) (1,236)
Net increase in cash and cash equivalents 12,756 5,382
CASH AND CASH EQUIVALENTS:    
Beginning of period 56,916 44,320
End of period 69,672 49,702
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Interest (net of capitalized interest of $234 and $551, respectively) 2,923 5,937
Income taxes 4,611 3,808
SUPPLEMENTAL DISCLOSURES OF NON-CASH INVESTING AND FINANCING ACTIVITIES    
Property and equipment purchases in accounts payable 1,014 1,970
Current note receivable converted to equity investment   899
Merit common stock surrendered (2 and 39 shares, respectively) in exchange for exercise of stock options 93 1,467
Right-of-use operating lease assets obtained in exchange for operating lease liabilities $ 361 $ 7,029