| 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 | Dec'15 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | |||||||||||||||||
Net income | |||||||||||||||||
14,376 | 9,382 | 12,698 | 14,677 | 3,482 | 18,251 | -34,781 | 5,400 | -1,053 | 75,892 | 1,399 | 1,260 | 3,929 | -8,804 | -15,345 | -2,960 | -1,261 | -7,926 |
Add: loss on sale of discontinued operations | |||||||||||||||||
0 | -188 | -11 | -44 | -1,346 | 13,713 | 0 | 0 | 0 | - | - | - | - | - | - | - | - | - |
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | |||||||||||||||||
- | - | - | - | - | 2,610 | 2,775 | 3,927 | 1,211 | - | - | - | - | - | - | - | - | - |
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent, Total | |||||||||||||||||
14,376 | 9,570 | 12,709 | 14,721 | 4,828 | 1,928 | -37,556 | 1,473 | -2,264 | - | - | - | - | - | - | - | - | - |
Adjustments to reconcile net income to net cash provided by operating activities from continuing operations: | |||||||||||||||||
Depreciation | |||||||||||||||||
7,249 | 7,535 | 8,615 | 8,712 | 8,846 | 9,017 | 8,756 | 7,942 | 7,685 | 7,611 | 7,070 | 7,592 | 7,131 | 6,867 | 4,190 | 2,909 | 2,521 | 1,973 |
Amortization of intangible assets | |||||||||||||||||
11,970 | 11,998 | 11,603 | 11,639 | 11,496 | 11,443 | 11,018 | 10,829 | 10,692 | 10,587 | 8,169 | 11,435 | 11,265 | 10,906 | 9,521 | 7,372 | 7,092 | 5,197 |
Amortization of debt issuance costs and debt discount | |||||||||||||||||
540 | 539 | 625 | 453 | 539 | 536 | 1,496 | 2,714 | 2,624 | 2,558 | 2,508 | 2,445 | 2,399 | 2,351 | 1,892 | 815 | 892 | 787 |
Inventory fair value purchase accounting adjustment | |||||||||||||||||
0 | 51 | 0 | 38 | 196 | 644 | 6 | 0 | 407 | -110 | 166 | 593 | 71 | 97 | 4,737 | 645 | 990 | 7,453 |
Gain (Loss) on Extinguishment of Debt | |||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 |
Provision for expected credit losses | |||||||||||||||||
652 | 373 | 492 | 889 | 636 | 156 | 376 | 865 | 413 | -266 | 1,221 | 631 | 135 | -315 | 791 | 546 | 586 | 483 |
Stock-based compensation | |||||||||||||||||
1,393 | 1,131 | 1,117 | 1,110 | 829 | 663 | 634 | 636 | 242 | 211 | -74 | 212 | 1,553 | 0 | 0 | 0 | 0 | 0 |
Unrealized gain on derivative instruments, net | |||||||||||||||||
- | - | - | - | - | 209 | -78 | 60 | 74 | 14 | -110 | -64 | 13,219 | -7,100 | 148 | 0 | 0 | 0 |
Loss on disposal of property and equipment | |||||||||||||||||
-51 | -638 | -13 | 258 | -191 | 62 | -339 | -263 | -12 | -29 | 71 | -90 | -152 | -1,548 | -133 | -10 | -100 | 30 |
Right-of-use assets non-cash expense | |||||||||||||||||
7,489 | 7,215 | 6,985 | 6,858 | 6,743 | 0 | 0 | 0 | 0 | - | - | - | - | - | - | - | - | - |
Paid-in-kind interest | |||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 |
Deferred income taxes | |||||||||||||||||
3,133 | -1,101 | -208 | 60 | 211 | 13,259 | -12,617 | 1,193 | -1,614 | -8,993 | -626 | 813 | 2,543 | -12,509 | -3,285 | -1,425 | -450 | 6,521 |
Change in assets and liabilities, net of effects of acquisitions: | |||||||||||||||||
Accounts receivable | |||||||||||||||||
30,308 | -53,221 | -10,492 | 19,581 | 23,860 | -42,035 | 11,917 | 26,661 | 26,783 | -29,850 | -7,458 | 21,433 | 11,273 | -27,164 | 5,931 | 10,119 | 5,129 | -11,436 |
Other receivables | |||||||||||||||||
-16,875 | 9,369 | 3,061 | 3,270 | -16,851 | 7,082 | 4,691 | -4,940 | -5,112 | 9,033 | 5,215 | 1,957 | -12,595 | 15,397 | 1,805 | 6,598 | -10,580 | 5,973 |
Inventories | |||||||||||||||||
-5,924 | 13,849 | -6,914 | -1,626 | 2,917 | 5,590 | -18,965 | 17,655 | 4,554 | 13,944 | -6,302 | 670 | 2,137 | 2,945 | -5,596 | 8,836 | 3,542 | -89 |
Prepaid expenses and other current assets | |||||||||||||||||
-460 | -5,366 | 1,075 | 917 | 2,206 | -3,204 | -523 | 2,230 | -1,211 | -1,346 | 1,529 | 226 | -787 | 2,892 | 1,099 | -929 | 526 | -942 |
Other assets | |||||||||||||||||
24 | -20 | 66 | 106 | 15 | -608 | 2,905 | -326 | -651 | -5,150 | 2,573 | -235 | -158 | 690 | 307 | -80 | -117 | -10,110 |
Accounts payable | |||||||||||||||||
6,256 | 60 | -21,012 | 14,247 | 9,182 | 6,989 | -24,001 | 6,676 | 8,385 | 7,546 | -6,059 | 9,626 | 8,249 | -18,673 | -29,908 | 11,492 | 15,467 | -13,088 |
Accrued payroll and employee benefits | |||||||||||||||||
-7,349 | 2,235 | 3,271 | 4,544 | -7,601 | 3,176 | 2,793 | 3,421 | 1,715 | -1,074 | 156 | 3,360 | -7,793 | 1,284 | 4,115 | 993 | -2,461 | 1,753 |
Accrued taxes | |||||||||||||||||
863 | -2,304 | 1,431 | -1,460 | -831 | 110 | 1,567 | 181 | 3,035 | -793 | 739 | -1,236 | -238 | 2,205 | 156 | 1,031 | 0 | -1,399 |
Operating lease liability | |||||||||||||||||
-7,335 | - | - | - | -6,618 | - | - | - | - | - | - | - | - | - | - | - | - | - |
Other liabilities | |||||||||||||||||
-4,499 | -7,716 | 15,238 | -10,428 | 1,209 | -2,951 | -12,911 | 10,958 | -12,007 | 7,262 | -12,190 | 8,166 | -15,424 | 27,895 | 10,508 | -3,374 | 287 | -718 |
Net cash provided by operating activities from continuing operations | |||||||||||||||||
27,716 | 58,465 | 34,049 | 35,495 | 17,709 | 76,722 | -1,572 | 5,811 | -5,112 | 44,816 | 3,353 | 21,000 | 883 | 25,208 | -10,851 | -6,490 | 25,263 | 17,610 |
Cash flows from investing activities from continuing operations: | |||||||||||||||||
Purchases of property and equipment | |||||||||||||||||
11,442 | 5,033 | 14,317 | 9,810 | 5,242 | 6,735 | 8,395 | 12,476 | 7,286 | 2,942 | 7,782 | 9,953 | 7,572 | - | - | - | - | 2,760 |
Payments of net working capital adjustments related to acquisitions | |||||||||||||||||
34 | - | - | - | 13 | - | - | - | 15 | 0 | 0 | 405 | 0 | - | - | - | - | 0 |
Payment of net working capital adjustments | |||||||||||||||||
- | - | - | - | - | - | - | - | 15 | - | - | - | - | - | - | - | - | - |
Proceeds from net working capital adjustments related to acquisitions | |||||||||||||||||
- | - | - | - | - | 39 | -181 | 118 | 178 | 12 | 36 | 8,554 | 0 | - | - | - | - | 0 |
Capital expenditures | |||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 3,185 | - |
Proceeds from the disposal of fixed assets | |||||||||||||||||
474 | 722 | 343 | 2,138 | 238 | 710 | 1,028 | 377 | 200 | 2,058 | 99 | 331 | 98 | 587 | 0 | 0 | 0 | 0 |
Acquisitions, net of cash acquired | |||||||||||||||||
8,638 | 11,869 | -41 | 11,166 | 10,757 | 23,143 | 49,114 | -13 | 21,233 | 4,764 | 15,323 | 39,756 | 13,195 | 29,803 | 314,174 | 57,942 | 0 | 657,563 |
Net cash used in investing activities from continuing operations | |||||||||||||||||
-19,640 | -16,177 | -13,942 | -29,470 | -15,774 | -29,169 | -56,662 | -11,953 | -28,156 | -5,636 | -22,970 | -41,229 | -20,669 | -36,909 | -329,191 | -62,520 | -3,185 | -660,323 |
Cash flows from financing activities from continuing operations: | |||||||||||||||||
Proceeds from asset-based revolving credit facility | |||||||||||||||||
322,500 | 128,539 | 121,834 | 136,344 | 145,276 | 140,613 | 491,100 | 134,974 | 131,224 | - | - | 166,495 | 114,500 | - | - | - | - | 80,000 |
Payments of Asset-Based Credit Facility | |||||||||||||||||
176,500 | - | - | - | 137,776 | - | - | - | - | - | - | - | - | - | - | - | - | - |
Repayments of asset-based revolving credit facility | |||||||||||||||||
- | - | - | - | - | 300,308 | 279,614 | 130,626 | 88,724 | - | - | 134,465 | 281,032 | 223,000 | 65,000 | 15,000 | 15,000 | 10,000 |
Principal payments for term loan | |||||||||||||||||
1,125 | 1,125 | 5,625 | -3,375 | 1,125 | 0 | 0 | 0 | 0 | - | - | - | - | - | - | - | - | - |
Term loan proceeds | |||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | -68,600 | 646,400 | 67,200 | 0 | 307,950 |
Principal payments on long-term debt | |||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | -66,237 | 462,206 | 787 | 613 | 0 |
Debt issuance costs and deferred finance costs | |||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | 0 | 0 | - | - | - | - | 8,172 |
Payment related to tax receivable agreement | |||||||||||||||||
27,850 | 0 | 0 | 0 | 16,667 | 0 | 0 | 0 | 0 | - | - | - | - | - | - | - | - | 0 |
Tax withholding payment related to net settlement of equity awards | |||||||||||||||||
362 | 0 | 17 | 8 | 130 | 0 | 16 | 0 | 45 | - | - | - | - | - | - | - | - | - |
Principal repayment of finance lease obligations | |||||||||||||||||
678 | 672 | 683 | 665 | 654 | 677 | 736 | 678 | 680 | 662 | 525 | 704 | 691 | -825 | 2,000 | 0 | 0 | 0 |
Issuance of common stock | |||||||||||||||||
- | - | - | - | - | - | - | - | - | 0 | 0 | -237 | 164,189 | 0 | 0 | 0 | 0 | 0 |
Capital contributions | |||||||||||||||||
- | - | - | - | - | - | - | - | - | 0 | 0 | 0 | 2,997 | 0 | 66,205 | 0 | 0 | 272,904 |
Capital distributions | |||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 |
Net cash used in financing activities from continuing operations | |||||||||||||||||
115,985 | -47,073 | -3,798 | -19,049 | -11,076 | -160,372 | 53,927 | 3,670 | 41,775 | -32,838 | 4,883 | 31,089 | -37 | 16,884 | 350,271 | 65,115 | -15,613 | 642,682 |
Cash flows from discontinued operations | |||||||||||||||||
Net cash used in operating activities from discontinued operations | |||||||||||||||||
- | - | - | - | - | -4,551 | 7,975 | 1,391 | -11,429 | - | - | - | - | - | - | - | - | - |
Net cash (used in) provided by investing activities from discontinued operations | |||||||||||||||||
- | - | - | - | - | 122,496 | -227 | -393 | -308 | - | - | - | - | - | - | - | - | - |
Net cash used in financing activities from discontinued operations | |||||||||||||||||
- | - | - | - | - | -22 | -9 | -66 | -65 | - | - | - | - | - | - | - | - | - |
Net cash used in discontinued operations | |||||||||||||||||
0 | -188 | -11 | -44 | -1,346 | 117,923 | 7,739 | 932 | -11,802 | - | - | - | - | - | - | - | - | - |
Effect of exchange rate changes on cash | |||||||||||||||||
-592 | 71 | -84 | 116 | 166 | -365 | 45 | -22 | -161 | 21 | 6 | 293 | 64 | -24 | -68 | 0 | 0 | 0 |
Net increase (decrease) in cash | |||||||||||||||||
123,469 | -4,902 | 16,214 | 1,476 | -10,321 | 4,739 | 3,477 | -1,562 | -3,456 | 5,789 | -13,634 | 11,153 | -19,759 | 5,159 | 10,161 | -3,895 | 6,465 | -31 |
Supplemental disclosures of cash flow information: | |||||||||||||||||
Cash paid for income taxes | |||||||||||||||||
103 | 2,789 | 5,310 | 5,012 | 79 | 1,003 | 81 | 1,423 | 0 | 893 | 3,093 | 104 | 39 | 2,220 | 618 | 1,308 | 302 | 1 |
Cash paid for interest | |||||||||||||||||
7,665 | 7,599 | 7,673 | 7,864 | 8,613 | 8,911 | 27,087 | 1,000 | 24,201 | 929 | 24,238 | 391 | 25,308 | 1,028 | 4,135 | 7,514 | 7,068 | 6,695 |
Cash paid during the period for early debt repayment penalty | |||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 |
Supplemental disclosures of non-cash investing and financing activities: | |||||||||||||||||
Change in fair value of derivatives, net of tax | |||||||||||||||||
499 | -220 | -349 | 2,516 | 3,496 | 3,777 | -1,420 | 1,096 | 1,163 | -77 | 1,647 | 939 | 461 | 739 | 722 | 0 | 0 | 0 |
Assets acquired under capital lease | |||||||||||||||||
- | - | - | - | - | - | - | - | - | 3 | 9 | 280 | 378 | 2,392 | 804 | 0 | 0 | 0 |
Goodwill adjustment for purchase price allocation | |||||||||||||||||
55 | 409 | 0 | -130 | 187 | 0 | 64 | -64 | 202 | 1 | -1,206 | 1,001 | 723 | 1,210 | 0 | 0 | 0 | 0 |
Tax receivable agreement | |||||||||||||||||
- | - | - | - | - | - | - | - | - | 0 | 0 | 0 | 203,837 | 0 | 0 | 0 | 0 | 0 |
Embedded derivative in issued notes | |||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 |
Notes received for disposals of equipment | |||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 |