| 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 | Dec'16 | Sep'16 | Jun'16 | Mar'16 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||||||||||||
Net income | ||||||||||||||||
5,749 | 12,614 | 20,867 | 10,467 | 4,317 | -6,110 | 8,779 | 3,772 | -2,785 | 15,956 | -175,570 | 15,157 | -894 | 24,959 | 27,478 | 20,114 | 15,359 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||||||
Depreciation, accretion, and amortization of intangible assets | ||||||||||||||||
40,624 | 42,886 | 45,870 | 45,796 | 45,385 | 45,394 | 43,641 | 45,262 | 44,813 | 45,796 | 44,803 | 45,002 | 44,301 | 30,561 | 32,483 | 32,791 | 31,940 |
Amortization of deferred financing costs and note discount | ||||||||||||||||
3,486 | 3,448 | 3,377 | 3,330 | 3,292 | 4,827 | 3,397 | 3,355 | 3,308 | 3,257 | 3,195 | 3,146 | 2,976 | 2,893 | 2,872 | 2,982 | 2,782 |
Share-based compensation expense | ||||||||||||||||
5,193 | 5,595 | 5,633 | 5,250 | 4,484 | 5,033 | 4,669 | 3,513 | 2,445 | 4,424 | 4,151 | 3,623 | 2,197 | 5,650 | 6,642 | 5,970 | 3,168 |
Deferred income tax expense | ||||||||||||||||
9,602 | 5,652 | 330 | 405 | 354 | -3,633 | 4,239 | -2,063 | -281 | -10,100 | -6,132 | 3,994 | -4,060 | -5,845 | 8,296 | 4,359 | 3,076 |
Loss on disposal and impairment of assets | ||||||||||||||||
-921 | -8,552 | -637 | -1,496 | -968 | -2,290 | -466 | -9,697 | -5,420 | -201,626 | -22,307 | -669 | -3,194 | -556 | -469 | 1,326 | -382 |
Other reserves and non-cash items | ||||||||||||||||
4,361 | -8,394 | -3,307 | 2,239 | -7,497 | 906 | -1,166 | -1,955 | 2,368 | 6,237 | -2,315 | 2,331 | -1,198 | 1,215 | 728 | 726 | -768 |
Changes in assets and liabilities: | ||||||||||||||||
Decrease (increase) in accounts and notes receivable, net | ||||||||||||||||
-3,171 | -771 | 10,972 | 6,766 | 3,851 | -10,538 | -1,079 | -3,765 | -12,633 | -6,738 | 2,601 | -2,264 | -215 | 12,162 | 1,907 | 201 | 2,014 |
Increase in prepaid expenses, deferred costs, and other current assets | ||||||||||||||||
11,645 | 10,098 | -17,828 | -9,204 | 19,222 | -19,549 | -1,009 | -11,776 | 17,995 | -4,888 | 11,753 | 9,088 | 2,726 | 5,349 | -574 | 5,613 | 2,103 |
Increase in inventory, net | ||||||||||||||||
1,454 | -170 | 3,245 | -1,951 | 2,741 | -1,584 | 1,266 | 631 | 1,424 | -1,946 | 2,397 | 185 | 1,037 | 831 | 2,882 | -1,300 | -1,222 |
Decrease in other assets | ||||||||||||||||
-3,866 | -2,924 | -1,452 | -1,855 | -1,740 | -2,370 | -2,283 | -2,822 | 118 | 7,901 | 2,866 | -1,163 | 2,635 | 13,334 | 8,616 | -211 | -1,820 |
Decrease in accounts payable | ||||||||||||||||
-8,813 | 2,707 | 11,026 | -994 | -4,506 | -5,016 | 509 | 13,469 | -11,581 | -3,987 | 4,484 | -1,229 | -24,206 | 10,342 | 568 | 9,131 | -4,573 |
Decrease in restricted cash liabilities | ||||||||||||||||
-39,871 | -93,111 | 92,983 | 1,167 | -71,521 | 83,384 | 361 | 1,110 | 24,238 | - | - | - | - | - | - | - | - |
(Decrease) increase in accrued liabilities | ||||||||||||||||
-11,209 | 3,439 | -181 | 4,609 | 27,399 | -21,680 | 11,922 | -29,081 | -5,577 | -32,117 | -530 | 11,988 | 9,906 | 22,357 | 12,947 | 15,034 | -3,830 |
Decrease in other liabilities | ||||||||||||||||
-2,861 | -4,188 | -5,836 | -2,974 | -406 | 3,776 | -5,115 | -4,469 | -6,031 | 3,328 | 6,808 | -5,214 | -3,325 | -2,632 | 9,692 | -5,545 | -1,807 |
Net cash provided by (used in) operating activities | ||||||||||||||||
1,120 | -27,033 | 176,462 | 77,035 | -21,805 | 149,620 | 74,807 | 60,342 | 49,433 | 58,153 | 76,105 | 73,621 | 22,708 | 58,380 | 89,344 | 79,933 | 44,654 |
Cash flows from investing activities: | ||||||||||||||||
Additions to property and equipment | ||||||||||||||||
18,429 | 34,587 | 35,266 | 25,746 | 29,307 | 33,848 | 26,675 | 25,943 | 20,739 | 32,716 | 41,556 | 31,307 | 38,561 | 49,832 | 36,479 | 23,120 | 16,451 |
Acquisitions, net of cash acquired | ||||||||||||||||
- | - | - | - | - | - | - | - | - | 0 | 0 | 0 | 484,602 | 2,968 | 5,157 | 11,801 | 2,743 |
Proceeds from sale of assets and businesses | ||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | 1,910 | 7,438 |
Net cash used in investing activities | ||||||||||||||||
-18,429 | -34,587 | -35,266 | -34,846 | -29,307 | -34,998 | -26,675 | -25,943 | -20,739 | -32,716 | -41,556 | -31,307 | -523,163 | -52,800 | -41,636 | -33,011 | -11,756 |
Cash flows from financing activities: | ||||||||||||||||
Proceeds from borrowings under revolving credit facility | ||||||||||||||||
731,862 | 169,840 | 195,976 | 169,592 | 120,918 | 404,740 | 132,513 | 202,008 | 143,502 | 113,324 | 132,860 | 211,306 | 624,199 | 14,100 | 86,961 | 77,813 | 56,494 |
Repayments of borrowings under revolving credit facility | ||||||||||||||||
144,754 | 196,451 | 219,266 | 191,856 | 144,466 | 176,131 | 178,027 | 240,472 | 150,518 | 148,810 | 161,095 | 532,857 | 133,399 | 1 | 95,361 | 129,582 | 86,418 |
Tax payments related to share-based compensation | ||||||||||||||||
5,515 | 1,826 | 202 | 241 | 1,781 | 346 | 2,739 | 127 | 2,379 | 145 | 539 | 218 | 7,602 | - | 681 | 57 | -400 |
Proceeds from exercises of stock options | ||||||||||||||||
293 | 1 | 0 | 0 | 2 | 0 | 14 | 0 | 0 | -1 | 0 | 102 | 3 | 94 | 434 | 12 | 133 |
Repurchase of common shares | ||||||||||||||||
16,873 | 0 | 30,152 | 20,100 | 0 | - | - | - | - | - | - | - | - | 0 | 0 | 109 | 3,850 |
Net cash used in financing activities | ||||||||||||||||
565,013 | -28,597 | -54,568 | -42,605 | -25,327 | -30,167 | -48,239 | -38,591 | -9,395 | -35,860 | -29,053 | -26,864 | 483,201 | 14,193 | -7,285 | -51,809 | -34,041 |
Effect of exchange rate changes on cash, cash equivalents, and restricted cash | ||||||||||||||||
-6,649 | 2,404 | -1,272 | 108 | 1,263 | -3,458 | 1,154 | -2,242 | 684 | 4,979 | -435 | -2,580 | -1,163 | -5,271 | -554 | -510 | -105 |
Net increase (decrease) in cash, cash equivalents, and restricted cash | ||||||||||||||||
541,055 | -87,813 | 85,356 | -308 | -75,176 | 80,997 | 1,047 | -6,434 | 19,983 | -5,444 | 5,061 | 12,870 | -18,417 | 14,502 | 39,869 | -5,397 | -1,248 |
Supplemental disclosure of cash flow information: | ||||||||||||||||
Cash paid for interest | ||||||||||||||||
1,992 | 12,087 | 2,368 | 10,225 | 1,860 | 15,361 | 7,231 | 10,970 | 7,553 | 12,365 | 7,824 | 3,183 | 8,277 | 2,886 | 6,470 | 458 | 6,904 |
Cash paid for income taxes | ||||||||||||||||
2,666 | 2,448 | 2,301 | -1,770 | 4,720 | 2,091 | 2,701 | 3,197 | -7,138 | 2,800 | -3 | 3,271 | 299 | 8,387 | 1,125 | 7,241 | 1,133 |