| 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'15 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Activities | |||||||||||||
Net (loss) income | |||||||||||||
14,943 | 27,820 | 49,626 | 41,629 | 29,970 | 25,062 | 17,431 | 18,144 | 13,850 | 5,986 | 0 | 0 | 0 | 0 |
Adjustments to reconcile net (loss) income to net cash provided by operating activities: | |||||||||||||
Depreciation, amortization and other | |||||||||||||
46,268 | 44,518 | 42,458 | 41,219 | 40,002 | 39,116 | 38,132 | 36,604 | 34,542 | 31,975 | 0 | 0 | 0 | 0 |
Equity-based compensation | |||||||||||||
12,709 | 13,044 | 13,220 | 13,112 | 10,916 | 9,140 | 6,996 | 3,972 | 5,774 | 5,574 | 0 | 0 | 0 | 0 |
Contingent consideration | |||||||||||||
- | - | - | - | - | - | - | - | - | - | 0 | 0 | 0 | 0 |
Accretion of discount on long-term debt | |||||||||||||
- | - | - | - | - | 1,414 | 1,037 | 2,421 | 3,196 | 3,887 | 0 | 0 | 0 | 0 |
Amortization of debt issuance costs and debt discounts | |||||||||||||
221 | 258 | -202 | 548 | 913 | 709 | 1,263 | 603 | 583 | 534 | 0 | 0 | 0 | 0 |
Foreign currency gain (loss) | |||||||||||||
- | - | - | - | - | - | 0 | 0 | 0 | - | - | - | - | - |
Other | |||||||||||||
0 | - | - | - | 0 | - | - | - | - | - | - | - | - | - |
Changes in operating assets and liabilities: | |||||||||||||
Accounts receivable, net | |||||||||||||
-8,339 | 3,969 | 42,018 | 39,456 | 32,932 | 36,139 | 29,879 | 16,082 | 18,179 | 28,473 | 0 | 0 | 0 | 0 |
Inventory | |||||||||||||
-21,022 | -25,372 | 13,395 | 12,060 | 3,772 | 8,886 | 4,298 | 6,453 | 17,103 | 17,206 | 0 | 0 | 0 | 0 |
Prepaid expenses and other assets | |||||||||||||
-4,451 | 5,824 | -13,872 | -5,350 | -7,793 | -8,736 | 2,414 | -4,580 | 15,620 | 9,737 | 0 | 0 | 0 | 0 |
Accounts payable | |||||||||||||
4,591 | 4,629 | 28,169 | 13,218 | -205 | -16,375 | -15,947 | -22,630 | -5,646 | 18,998 | 0 | 0 | 0 | 0 |
Income taxes payable | |||||||||||||
-5,042 | -3,618 | -1,429 | -1,028 | 2,687 | 2,177 | 0 | 0 | 0 | - | - | - | - | - |
Accrued royalties | |||||||||||||
-7,945 | -4,403 | 6,264 | 10,469 | 9,975 | 13,495 | 6,158 | 3,131 | 4,518 | 2,650 | 0 | 0 | 0 | 0 |
Accrued expenses and other liabilities | |||||||||||||
262 | -6,356 | -11,309 | -6,782 | -7,441 | 3,671 | 6,607 | -376 | -5,337 | 2,966 | 0 | 0 | 0 | 0 |
Net cash provided by operating activities | |||||||||||||
100,415 | 90,765 | 91,569 | 75,804 | 67,838 | 49,991 | 34,805 | 30,228 | 6,212 | 23,837 | 0 | 0 | 0 | 0 |
Purchases of property and equipment | |||||||||||||
43,612 | 42,264 | 33,151 | 24,479 | 24,613 | 26,866 | 28,154 | 29,358 | 30,661 | 33,562 | 0 | 0 | 0 | 0 |
Acquisitions of businesses and related intangible assets, net of cash | |||||||||||||
0 | - | 0 | 0 | 0 | - | - | - | - | - | - | - | - | - |
Acquisitions, net of cash | |||||||||||||
- | - | - | - | - | - | - | - | 19,734 | 31,653 | 0 | 0 | 0 | 0 |
Net cash used in investing activities | |||||||||||||
-43,612 | -48,633 | -39,520 | -30,848 | -30,982 | -27,501 | -31,999 | -33,203 | -50,395 | -65,215 | 0 | 0 | 0 | 0 |
Borrowings on line of credit | |||||||||||||
47,807 | 42,083 | 87,080 | 177,362 | 244,481 | 316,390 | 295,059 | 222,366 | 195,848 | 153,383 | 0 | 0 | 0 | 0 |
Payments on line of credit | |||||||||||||
41,664 | 36,383 | 122,819 | 200,525 | 255,478 | 307,191 | 301,810 | 231,098 | 190,768 | 149,311 | 0 | 0 | 0 | 0 |
Repayment of related-party note | |||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | 0 |
Debt issuance costs | |||||||||||||
139 | 411 | 0 | 0 | 0 | - | - | - | - | - | - | - | - | 0 |
Proceeds from long-term debt, net | |||||||||||||
- | - | - | - | - | - | - | - | - | - | 0 | 0 | 0 | 0 |
Payments of long-term debt | |||||||||||||
0 | - | 0 | 0 | 0 | - | 0 | 0 | 70,200 | - | 0 | 0 | 0 | 0 |
Contributions from members | |||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | 0 |
Distributions to continuing equity owners | |||||||||||||
18,546 | 23,923 | 22,905 | 19,677 | 17,636 | 20,441 | 20,441 | 18,885 | 10,857 | 72,777 | 0 | 0 | 0 | - |
Payments under tax receivable agreement | |||||||||||||
0 | - | - | - | 0 | - | - | - | - | - | - | - | - | - |
Proceeds from exercise of equity-based options | |||||||||||||
1,109 | 2,217 | 0 | 0 | 0 | - | - | - | - | - | - | - | - | - |
Net cash used in financing activities | |||||||||||||
-23,522 | -28,340 | -49,412 | -33,704 | -19,148 | -15,046 | 747 | 322 | 47,604 | 43,012 | 0 | 0 | 0 | 0 |
Effect of exchange rates on cash and cash equivalents | |||||||||||||
-414 | -2,049 | 279 | -2,659 | -1,612 | -1,686 | -639 | 793 | -823 | -67 | 0 | 0 | 0 | - |
Net increase in cash and cash equivalents | |||||||||||||
32,867 | 11,743 | 2,916 | 8,593 | 16,096 | 5,758 | 2,914 | -1,860 | 2,598 | 1,567 | 0 | 0 | 0 | 0 |
Supplemental Cash Flow Information | |||||||||||||
Cash paid for interest | |||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | 0 |
Accrual for purchases of property and equipment | |||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | 0 |
Reimbursement (issuance) of management recourse loans | |||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | 0 |