| Mar'20 | Dec'19 | Sep'19 | Jun'19 | Mar'19 | Dec'18 | Sep'18 | Jun'18 | Mar'18 | Dec'17 | Sep'17 | Jun'17 | Mar'17 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash provided (required) by operating activities: | ||||||||||||
Net income (loss) | ||||||||||||
-633,455 | -3,878 | 10,419 | 26,481 | 19,938 | 21,426 | 25,496 | 22,075 | 24,194 | 59,215 | 18,685 | 19,033 | 13,586 |
Adjustments to reconcile net income to net cash provided (required) by operating activities: | ||||||||||||
Depreciation | ||||||||||||
16,970 | 17,484 | 16,925 | 17,120 | 17,071 | 19,786 | 17,685 | 18,160 | 16,969 | 16,967 | 15,329 | 13,766 | 13,138 |
Amortization | ||||||||||||
12,862 | 12,877 | 12,631 | 13,029 | 12,844 | 13,029 | 12,533 | 13,674 | 12,656 | 13,511 | 13,363 | 13,415 | 13,412 |
Stock-based compensation | ||||||||||||
2,429 | 2,705 | 2,524 | 2,736 | 2,285 | 2,246 | 1,768 | 851 | 510 | 474 | 630 | 531 | 601 |
Impairment of held-for-sale assets | ||||||||||||
- | - | - | - | - | - | - | 0 | 0 | - | - | - | - |
Loss (gain) on sale of fixed assets | ||||||||||||
386 | - | - | - | -12 | - | - | - | - | 221 | 138 | 544 | 31 |
Loss on goodwill and long-lived asset impairment | ||||||||||||
657,251 | - | - | - | 1,746 | - | - | - | - | - | - | - | - |
Provision for losses on accounts receivable | ||||||||||||
2,427 | - | - | - | -117 | - | - | - | - | - | - | - | - |
Amortization of deferred loan costs and accretion of discount | ||||||||||||
708 | - | - | - | 648 | - | - | - | - | - | - | - | - |
Deferred income taxes | ||||||||||||
- | - | - | - | - | - | -1,195 | 800 | -4,279 | - | -5,602 | -5,114 | -6,787 |
Deferred income taxes | ||||||||||||
-28,417 | - | - | - | -5,856 | - | - | - | - | - | - | - | - |
Employee benefit plan expense | ||||||||||||
383 | 377 | 371 | 365 | 770 | 328 | 1,170 | 998 | 844 | - | - | - | - |
Other | ||||||||||||
349 | 2,947 | -130 | 538 | 109 | -4,401 | 5,066 | 794 | 426 | -603 | -4,943 | -279 | -317 |
Changes in operating assets and liabilities (net of effects of foreign exchange): | ||||||||||||
Receivables | ||||||||||||
6,740 | -13,730 | -18,333 | -1,145 | 7,260 | -24,155 | 26,037 | 28,108 | 25,388 | -630 | 17,519 | 27,404 | 17,280 |
Inventories | ||||||||||||
-6,587 | -7,610 | -13,745 | 2,954 | -664 | 18,869 | 6,123 | 5,323 | 9,703 | -14,437 | 14,511 | 3,417 | 10,317 |
Prepaid expenses and other current assets | ||||||||||||
-4,129 | -6,000 | 20,212 | 626 | -4,096 | -890 | -2,693 | 5,577 | 1,756 | 223 | 1,273 | 2,156 | 1,464 |
Accounts payable | ||||||||||||
3,068 | -4,994 | -14,026 | 6,654 | -8,160 | 12,617 | -3,585 | 21,909 | 9,452 | -6,123 | 12,000 | 6,711 | 19,239 |
Accrued compensation and employee benefits | ||||||||||||
-9,799 | -2,707 | 6,919 | 14 | -10,584 | -2,174 | 13,747 | 3,923 | -7,042 | 651 | 4,872 | 3,123 | -3,030 |
Accrued expenses and other liabilities | ||||||||||||
12,153 | -9,882 | 14,239 | -11,527 | 11,576 | -11,614 | 1,052 | 18,202 | 4,455 | -3,092 | 1,638 | -320 | 1,609 |
Leased assets | ||||||||||||
7,972 | 6,055 | 3,646 | 10,498 | 20,501 | - | - | - | - | - | - | - | - |
Other | ||||||||||||
3,325 | -971 | 1,280 | -17 | -629 | 3,644 | 2,963 | -15,112 | 13,773 | -17,448 | 6,938 | 11,131 | 2,961 |
Net cash provided by operating activities | ||||||||||||
29,222 | 32,509 | 64,089 | 39,391 | 19,910 | 70,869 | 34,318 | 51,148 | 7,565 | 34,845 | 15,593 | 6,214 | 19,398 |
Cash provided (required) by investing activities: | ||||||||||||
Capital expenditures | ||||||||||||
7,467 | 8,191 | 8,901 | 12,970 | 9,718 | 15,035 | 13,945 | 16,087 | 12,851 | 7,209 | 13,500 | 9,685 | 6,260 |
Proceeds from sale of fixed assets | ||||||||||||
721 | 1,644 | 479 | 0 | 2,475 | 217 | 908 | -143 | 205 | 931 | 315 | 1,623 | 678 |
Purchase price adjustments on acquisition | ||||||||||||
- | - | - | - | - | 0 | 0 | 0 | -53 | - | - | 0 | 0 |
Net cash required by investing activities | ||||||||||||
-6,746 | -6,547 | -20,922 | -15,164 | -7,243 | -12,345 | -13,037 | -16,230 | -12,593 | -15,120 | -13,185 | -8,062 | -5,582 |
Cash provided (required) by financing activities: | ||||||||||||
Payment of debt issue costs | ||||||||||||
1,284 | 0 | 0 | 0 | 0 | - | - | - | - | - | - | - | - |
Repayment of long-term debt | ||||||||||||
0 | 30,000 | 57,500 | 29,000 | 25,000 | 25,000 | 20,000 | 0 | 0 | - | - | - | - |
Distributions to Dover Corporation, net | ||||||||||||
- | - | - | - | - | -7,700 | -12,731 | -715,312 | -814 | - | - | - | - |
Distributions to Dover Corporation | ||||||||||||
- | - | - | - | - | -7,700 | -12,731 | -715,312 | -814 | -11,972 | -4,130 | -1,171 | -13,919 |
Payment of finance lease obligations | ||||||||||||
1,492 | 1,447 | 1,418 | 1,456 | 1,234 | 1,344 | 1,098 | 1,026 | 1,050 | - | - | - | - |
Payments related to taxes withheld on stock-based compensation | ||||||||||||
368 | 7 | 42 | 1,799 | 0 | - | - | - | - | - | - | - | - |
Net transfers to Parent | ||||||||||||
- | - | - | - | - | -7,700 | -12,731 | -715,312 | -814 | - | - | - | - |
Net cash required by financing activities | ||||||||||||
-3,144 | -31,454 | -26,460 | -28,255 | -26,234 | -34,044 | -33,984 | -20,946 | -1,864 | -16,261 | -4,130 | -2,383 | -13,919 |
Effect of exchange rate changes on cash and cash equivalents | ||||||||||||
-986 | 155 | -416 | 10 | 89 | -662 | -116 | -261 | 302 | -3,199 | 2,439 | 399 | 638 |
Net decrease in cash and cash equivalents | ||||||||||||
18,346 | -5,337 | 16,291 | -4,018 | -13,478 | 23,818 | -12,819 | 13,711 | -6,590 | 265 | 717 | -3,832 | 535 |