| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities | ||||||||||
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | ||||||||||
2,840 | 8,727 | -21,355 | -47,499 | 97,388 | 7,431 | -14,575 | -31,465 | -133,108 | -27,590 | -14,989 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||
Allowance for accounts receivable | ||||||||||
590 | 1,083 | 1,249 | 918 | 340 | 546 | 600 | 456 | 1,034 | 966 | 3,044 |
Depreciation | ||||||||||
28,800 | 29,019 | 29,000 | 26,918 | 28,019 | 28,148 | 28,100 | 28,487 | 29,161 | 33,992 | 38,176 |
Amortization of intangible assets | ||||||||||
3,141 | 3,868 | 4,280 | 4,833 | 5,642 | 5,987 | 6,612 | 11,035 | 18,715 | 11,657 | 11,367 |
Amortization of deferred financing costs | ||||||||||
208 | 232 | 306 | 445 | 589 | 758 | 1,098 | 1,088 | 887 | 1,491 | 1,357 |
Amortization of discount on long-term debt | ||||||||||
- | - | - | - | - | 764 | 671 | 611 | 549 | 44 | - |
Goodwill impairment | ||||||||||
- | - | 17,600 | 73,920 | 0 | 0 | - | 16,707 | 65,444 | 38,263 | 37,382 |
Impairment of long-lived assets | ||||||||||
- | - | - | - | - | - | - | - | - | - | 781 |
Stock-based compensation | ||||||||||
2,459 | 2,445 | 2,900 | 2,693 | 3,512 | 3,802 | 3,207 | 1,999 | 4,271 | 5,922 | 4,892 |
Deferred income taxes | ||||||||||
5,157 | 3,128 | 13,802 | -4,711 | 10,173 | - | - | - | - | - | - |
Deferred tax valuation allowance | ||||||||||
- | - | 1,031 | 51 | -80,669 | - | - | - | - | - | - |
Excess tax benefit related to stock-based compensation | ||||||||||
- | - | - | - | - | - | - | - | - | 58 | 18 |
Deferred income taxes | ||||||||||
- | - | - | - | - | 5,429 | -4,909 | -6,433 | 673 | -12,657 | -4,477 |
Deferred tax valuation allowance | ||||||||||
-51 | 140 | - | - | - | 3,552 | -7,277 | -9,750 | -68,546 | - | - |
Restructuring expense, non-cash portion | ||||||||||
148 | 0 | - | - | - | - | 244 | 2,379 | 0 | - | - |
Restructuring expense, non-cash portion | ||||||||||
148 | 0 | - | - | - | - | - | - | - | - | - |
Loss on early extinguishment of debt | ||||||||||
- | - | - | - | - | - | - | - | - | 2,509 | - |
Amortization of derivative, net of tax effect | ||||||||||
- | - | - | - | - | - | - | 2,154 | 3,565 | 1,125 | - |
Loss on extinguishment and modification of debt | ||||||||||
-389 | 0 | -230 | -208 | -282 | -5,599 | -16,339 | 0 | 0 | - | - |
Write-off of deferred financing fees | ||||||||||
- | - | - | - | - | - | - | - | - | - | 190 |
Other non-cash items, net | ||||||||||
444 | 314 | 56 | 716 | 390 | 462 | 323 | -321 | 417 | -340 | 199 |
Changes in operating assets and liabilities: | ||||||||||
Accounts receivable, net | ||||||||||
-6,119 | 2,767 | -2,158 | 1,294 | -729 | 6,898 | 5,133 | -2,533 | 2,582 | -469 | -21,099 |
Inventory | ||||||||||
-2,791 | -2,737 | 1,339 | 1,590 | 967 | 2,220 | -376 | 3,005 | 1,170 | -8 | -1,344 |
Prepaid expenses and other assets | ||||||||||
-11,828 | 1,814 | 556 | -109 | -2,296 | 1,830 | -1,966 | -1,032 | 453 | 4,098 | -6,302 |
Accounts payable and accrued expenses | ||||||||||
-11,259 | 8,760 | 2,993 | -1,143 | -6,963 | 6,510 | 5,179 | -97 | -5,947 | 2,666 | -8,826 |
Net cash provided by operating activities | ||||||||||
52,781 | 54,964 | 52,370 | 53,142 | 59,981 | 50,012 | 46,798 | 37,552 | 49,168 | 53,924 | 97,425 |
Cash flows from investing activities | ||||||||||
Capital expenditures | ||||||||||
12,885 | 14,930 | 9,106 | 12,097 | 14,245 | 13,269 | 18,191 | 20,348 | 15,553 | 8,634 | 7,506 |
Payments for businesses acquired, net of cash acquired | ||||||||||
- | - | - | - | - | - | 0 | 0 | 823 | 870 | 3,527 |
Payment for swap transaction | ||||||||||
- | - | - | - | - | - | - | - | 9,729 | - | - |
Other | ||||||||||
-641 | -695 | -744 | -1,101 | -589 | 527 | -741 | -323 | -923 | -1,002 | -1,684 |
Net cash used in investing activities | ||||||||||
-12,244 | -14,235 | -8,362 | -10,996 | -13,656 | -13,796 | -17,450 | -20,025 | -25,182 | -8,502 | -9,349 |
Cash flows from financing activities | ||||||||||
Proceeds from stock option exercises | ||||||||||
- | - | 96 | 98 | 673 | 1,227 | 59 | 79 | 108 | 242 | 63 |
Proceeds from issuance of common stock under Employee Stock Purchase Plan | ||||||||||
133 | 127 | 133 | 120 | 111 | 82 | 30 | 28 | 62 | 51 | 164 |
Share repurchases | ||||||||||
2,060 | 60 | 3,381 | 5,297 | 204 | 240 | 124 | 0 | 0 | - | - |
Contingent consideration on prior acquisitions | ||||||||||
3 | 236 | 275 | 571 | 413 | 0 | 0 | - | - | - | - |
Proceeds from borrowings on long-term debt agreements | ||||||||||
- | - | - | - | - | 175,000 | 196,402 | 0 | 0 | - | - |
Payments of debt extinguishment costs | ||||||||||
- | - | - | - | - | - | 11,330 | 0 | 0 | - | - |
Early extinguishment of long-term debt | ||||||||||
- | - | 14,150 | 22,000 | 14,500 | 194,500 | 200,000 | 0 | 0 | - | - |
Excess tax benefit related to stock-based compensation | ||||||||||
- | - | - | - | - | - | - | - | - | 58 | 18 |
Proceeds from bond issuance | ||||||||||
- | - | - | - | - | - | - | - | - | 195,648 | - |
Payments on long-term debt agreements and capital leases | ||||||||||
71,657 | 23,031 | 65,516 | 12,990 | 27,329 | 19,217 | 12,379 | 15,601 | 25,179 | 238,989 | 105,008 |
Borrowings under revolving credit facilities | ||||||||||
71,250 | 16,875 | 63,100 | 1,000 | 4,560 | - | - | - | - | - | - |
Payments under revolving credit facilities | ||||||||||
38,000 | 32,375 | 21,800 | 50 | 6,448 | - | - | - | - | - | - |
Net borrowings (repayments) under revolving credit facilities | ||||||||||
- | - | - | - | - | 98 | -237 | 1,266 | 701 | -1,536 | 1,523 |
Payment of deferred financing costs | ||||||||||
96 | 0 | 270 | 106 | 25 | 2,735 | 2,220 | 839 | 799 | 4,473 | 2,092 |
Payment of hedge premium | ||||||||||
- | - | - | - | 632 | 0 | 0 | - | - | - | - |
Dividends paid to noncontrolling interest | ||||||||||
- | - | - | - | - | 486 | 485 | 0 | 0 | - | - |
Net cash provided by (used in) financing activities | ||||||||||
-40,433 | -38,700 | -42,063 | -39,796 | -44,207 | -40,771 | -30,284 | -15,067 | -25,107 | -48,999 | -105,332 |
Effect of foreign currency translation on cash balances | ||||||||||
-112 | -655 | - | - | - | - | - | - | - | - | - |
Net change in cash and cash equivalents | ||||||||||
-8 | 1,374 | - | - | - | - | - | - | - | - | - |
Effect of foreign currency translation on cash balances | ||||||||||
- | - | 875 | -1,074 | -791 | -171 | 277 | 124 | 265 | 493 | 91 |
Net change in cash and cash equivalents | ||||||||||
- | - | 2,820 | 1,276 | 1,327 | -4,726 | -659 | 2,584 | -856 | -3,084 | -17,165 |
Supplemental disclosure of cash flow information | ||||||||||
Cash paid for interest | ||||||||||
5,151 | 5,437 | 5,574 | - | - | - | - | - | - | - | - |
Cash paid for interest | ||||||||||
- | - | - | 5,936 | 7,247 | 13,303 | 22,873 | 23,277 | 25,215 | 20,627 | 24,733 |
Income taxes paid, net | ||||||||||
522 | 713 | 56 | 971 | 721 | 548 | -3,345 | -122 | -13,488 | 1,395 | 2,507 |
Noncash investing and financing activities | ||||||||||
Finance lease obligations incurred | ||||||||||
17,057 | 21,531 | 25,192 | 18,948 | 13,157 | 19,055 | 10,399 | 10,047 | 10,678 | 10,305 | 16,181 |
Operating lease obligations incurred | ||||||||||
6,728 | - | - | - | - | - | - | - | - | - | - |
Contingent liabilities in connection with the acquisition of businesses | ||||||||||
- | - | 27 | 75 | 0 | 1,768 | 0 | 0 | 548 | 231 | - |
Liabilities in connection with deferred financing costs | ||||||||||
- | - | - | - | - | 8 | 433 | 0 | 107 | 440 | - |
Liabilities in connection with the acquisition of businesses | ||||||||||
- | - | - | - | - | - | - | - | - | - | 466 |
Gain on derivative, net of tax effect | ||||||||||
- | - | - | - | - | - | - | - | - | 1,125 | 3,318 |