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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
OPERATING ACTIVITIES:    
Net income $ 32,756 $ 10,992
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 27,093 27,096
Deferred income tax (6,843) (1,636)
Amortization of debt issuance costs 1,357 1,519
Loss on disposal of property and equipment 367 146
Change in fair value of contingent consideration and other 194 379
Share-based compensation 4,083 4,731
Changes in assets and liabilities, net of business acquisitions:    
Accounts receivable (13,705) (18,400)
Inventories (12,048) 1,297
Prepaid expenses and other current assets (12,949) 12,163
Other non-current assets (628) 339
Accounts payable, accrued expenses and other current liabilities 5,387 2,974
Deferred revenue (188) 0
Other non-current liabilities 4,608 (69)
Net cash provided by operating activities 29,484 41,531
INVESTING ACTIVITIES:    
Purchases of property and equipment (16,086) (15,387)
Proceeds from note receivable 245 221
Proceeds from sale of property and equipment 35 148
Cash provided by business acquisitions 0 5,720
Net cash used in investing activities (15,806) (9,298)
FINANCING ACTIVITIES:    
Proceeds from borrowings of long-term indebtedness 67,200 25,000
Payments on debt (57,400) (35,000)
Net cash paid for contingent consideration 0 (7,772)
Proceeds from exercised stock options 1,750 3,662
Cash taxes paid in net equity settlement (6,157) (6,776)
Net cash provided by (used in) financing activities 5,393 (20,886)
Effect of exchange rate changes on cash and cash equivalents (884) 3,114
Net increase in cash and cash equivalents 18,187 14,461
Cash and cash equivalents at beginning of period 138,838 174,935
Cash and cash equivalents at end of period $ 157,025 $ 189,396