| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 |
|---|---|---|---|---|---|---|
Cash Flows Provided by (Used in) Operating Activities: | ||||||
Net income | ||||||
190,995 | 134,752 | 158,133 | 72,606 | 78,971 | 9,403 | -12,738 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||
Depreciation and amortization | ||||||
52,700 | 39,419 | 16,453 | 12,011 | 12,108 | 26,079 | 27,488 |
Share-based compensation | ||||||
13,658 | 11,317 | 9,889 | 7,669 | 4,651 | 3,762 | 3,903 |
Loss on extinguishment of debt | ||||||
- | - | -1,086 | - | - | - | - |
Loss on sale or abandonment of property and equipment | ||||||
-1,399 | -1,204 | -998 | -2,737 | -2,334 | -364 | -591 |
Amortization of debt issuance costs | ||||||
1,558 | 1,201 | 401 | 343 | 171 | - | - |
Provision for bad debt expense | ||||||
7,065 | 3,240 | 3,231 | 3,292 | 4,219 | 3,563 | 3,379 |
Loss from inventory obsolescence | ||||||
2,622 | 2,187 | 1,979 | 1,343 | 1,879 | 1,302 | 743 |
Non-cash employee benefit policy change | ||||||
- | - | - | - | -9,861 | - | - |
Deferred income taxes, net | ||||||
-8,888 | -12,936 | 59,535 | -13,540 | 16,556 | -16,711 | -21,609 |
Change in certain assets and liabilities | ||||||
Receivables, net | ||||||
27,146 | 35,522 | 37,943 | 19,953 | 19,591 | 19,225 | 25,620 |
Inventories, net | ||||||
-17,433 | 23,297 | 14,901 | -1,370 | 13,608 | 10,287 | 13,376 |
Prepaid expenses and other current assets | ||||||
-9,361 | 8,360 | -8,184 | 10,102 | 9,054 | -100 | 1,186 |
Accounts payable | ||||||
-5,124 | 29,687 | 17,936 | -11,698 | 24,008 | 44,941 | 27,676 |
Accrued liabilities | ||||||
-2,690 | -660 | 7,160 | 3,633 | -3,746 | 4,768 | 7,733 |
Other, net | ||||||
1,058 | -932 | 121 | -6 | 86 | 84 | 64 |
Net cash provided by operating activities | ||||||
271,777 | 167,172 | 113,192 | 76,785 | 56,011 | 71,861 | 24,672 |
Cash Flows Provided by (Used in) Investing Activities: | ||||||
Purchases of property and equipment | ||||||
45,536 | 52,504 | 25,308 | 14,156 | 13,644 | 13,141 | 14,008 |
Acquisition of businesses | ||||||
6,952 | 500,202 | 84,090 | 3,476 | - | - | - |
Proceeds from sale of property and equipment | ||||||
2,321 | 849 | 603 | 718 | 805 | 999 | 281 |
Other, net | ||||||
-25 | -38 | -199 | -113 | -632 | -880 | 541 |
Net cash used in investing activities | ||||||
-50,142 | -551,819 | -108,596 | -16,801 | -12,207 | -11,262 | -14,268 |
Cash Flows Provided by (Used in) Financing Activities: | ||||||
Net transfer from Former Parent | ||||||
- | - | - | 664 | 72,965 | -60,655 | -18,124 |
Cash distribution paid to Former Parent | ||||||
- | - | - | - | 200,000 | - | - |
Proceeds from issuance of long-term debt | ||||||
14,989 | 526,604 | 250,000 | - | 200,000 | - | - |
Repayment of long-term debt | ||||||
27,793 | 18,399 | 186,250 | 15,000 | 5,000 | - | - |
Payment of debt issuance costs | ||||||
- | 7,819 | 2,150 | - | 1,715 | - | - |
Proceeds from revolving credit facility | ||||||
- | 90,000 | 225,000 | - | - | - | - |
Repayment of revolving credit facility | ||||||
- | 90,000 | 225,000 | - | - | - | - |
Taxes withheld and paid on employees' equity awards | ||||||
12,951 | 5,465 | 4,764 | 1,825 | 171 | - | - |
Repurchase of shares of common stock | ||||||
110,911 | 65,025 | 139,286 | 22,296 | - | - | - |
Payment of contingent consideration | ||||||
1,091 | 841 | - | - | - | - | - |
Net cash used in financing activities | ||||||
-137,757 | 429,055 | -82,450 | -38,457 | 66,079 | -60,655 | -18,124 |
Cash and Cash Equivalents | ||||||
Increase (decrease) for the period | ||||||
83,878 | 44,408 | -77,854 | 21,527 | 109,883 | -56 | -7,720 |
Supplemental disclosure of cash paid for: | ||||||
Interest on long-term debt | ||||||
36,244 | 23,733 | 6,423 | 4,130 | 2,233 | - | - |
Income taxes | ||||||
43,310 | 39,010 | 22,580 | 39,508 | 20,992 | 1,134 | 717 |
Supplemental disclosure of noncash activities: | ||||||
Leased assets obtained in exchange for new operating lease liabilities | ||||||
128,838 | - | - | - | - | - | - |
Accruals for property and equipment | ||||||
542 | 860 | 1,123 | 387 | 583 | - | - |