| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Activities: | |||||||||||
Net income (loss) | |||||||||||
-50,012 | -938 | -473,559 | 85,603 | 229,902 | 386,611 | 388,048 | 354,259 | 307,402 | 264,890 | 144,294 | 141,853 |
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities: | |||||||||||
Depreciation, amortization and accretion | |||||||||||
54,792 | 67,584 | 80,973 | 94,592 | 87,662 | 95,931 | 81,936 | 65,536 | 51,925 | 40,560 | 41,334 | 37,642 |
Non-cash lease expense | |||||||||||
120,011 | 0 | 0 | - | - | - | - | - | - | - | - | - |
Stock-based compensation | |||||||||||
15,845 | 23,044 | 30,400 | 31,034 | 18,627 | 18,823 | 15,338 | 18,568 | 14,615 | 10,553 | 6,787 | 7,253 |
Decrease (increase) in allowance for returns and markdowns | |||||||||||
-15,752 | 13,987 | 336 | - | - | - | - | - | - | - | - | - |
(Gain) loss on disposal of assets | |||||||||||
4,584 | -656 | -2,510 | 9,851 | -1,913 | -465 | -731 | -2,290 | -2,582 | -748 | -618 | -154 |
Property, plant and equipment and other long-lived asset impairment losses | |||||||||||
8,660 | 2,039 | 3,213 | 2,828 | 7,688 | - | - | - | - | - | - | - |
Goodwill and trade name impairment losses | |||||||||||
16,613 | 6,212 | 407,128 | 0 | 9,116 | 9,266 | 5,750 | 1,231 | 957 | 7,429 | 5,232 | 10,570 |
Non-cash restructuring charges | |||||||||||
5,196 | 6,252 | 10,684 | 15,745 | 3,962 | 0 | 0 | - | - | - | - | - |
Equity method investment losses | |||||||||||
-371 | -558 | -460 | -1,321 | 0 | 0 | - | 1,382 | 508 | 1,072 | 449 | 1,562 |
Distribution from joint venture | |||||||||||
- | - | - | - | - | - | - | 1,870 | 2,226 | 4,726 | 0 | 955 |
Gain on equity method investment | |||||||||||
- | - | - | - | - | - | 6,510 | 0 | 0 | - | - | - |
Bad debt expense | |||||||||||
2,921 | 8,921 | 7,140 | -2,819 | 2,384 | 550 | -5,422 | -1,221 | 556 | 3,921 | 2,599 | 3,441 |
Excess tax benefits from stock-based compensation | |||||||||||
- | - | - | - | 177 | 1,430 | 8,379 | 11,693 | 9,980 | 11,961 | 1,166 | 574 |
Loss on extinguishment of debt | |||||||||||
-3,044 | -718 | -1,029 | 0 | 0 | - | - | - | - | - | - | - |
Debt discount and debt issuance costs amortization | |||||||||||
4,600 | 3,714 | 3,724 | 1,843 | - | - | - | - | - | - | - | - |
Deferred income taxes and other | |||||||||||
6,416 | -6,435 | 47,215 | 20,409 | -929 | -2,708 | -12,400 | -10,591 | -29,697 | -11,213 | 3,235 | 1,106 |
Gain on asset divestitures | |||||||||||
23,134 | 0 | 1,750 | 3,500 | 0 | 0 | - | - | - | - | - | - |
Other non-cash items | |||||||||||
- | - | - | 3,600 | 1,282 | -3,701 | 307 | -3,395 | 700 | -15,558 | -557 | 2,406 |
Contingent consideration remeasurement | |||||||||||
-601 | -3,381 | 0 | 0 | - | 1,112 | 0 | -9,949 | - | - | - | - |
Changes in operating assets and liabilities: | |||||||||||
Accounts receivable | |||||||||||
-30,940 | -68,308 | -14,367 | 12,900 | -42,912 | 8,495 | 77,452 | 42,849 | 44,061 | 85,893 | 4,180 | -17,712 |
Inventories | |||||||||||
78,135 | -153,445 | -6,829 | -64,827 | 43,082 | 60,746 | 52,923 | -10,677 | 122,648 | 115,921 | -44,569 | 45,558 |
Prepaid expenses and other current assets | |||||||||||
-10,994 | 15,356 | -13,509 | -26,098 | 36,902 | 52,726 | 21,141 | -38,236 | 34,029 | 14,298 | -8,491 | 1,497 |
Accounts payable | |||||||||||
4,862 | -38,365 | 34,864 | -43,020 | 41,843 | 2,477 | 15,347 | -7,017 | 12,657 | 18,193 | 6,101 | -18,756 |
Accrued expenses | |||||||||||
-150,519 | -13,477 | 52,761 | -20,116 | 12,545 | -13,315 | 52,904 | 2,847 | 34,094 | 63,331 | 1,777 | -13,351 |
Income taxes | |||||||||||
4,570 | -14,243 | 32,811 | 2,451 | -17,269 | 2,951 | 11,362 | 16,211 | 6,482 | -2,800 | 7,303 | -32,840 |
Net cash (used in) provided by operating activities | |||||||||||
-14,209 | 248,139 | 179,542 | 210,127 | 360,771 | 387,883 | 411,682 | 451,600 | 251,267 | 209,177 | 265,988 | 108,954 |
Investing Activities: | |||||||||||
Additions to property, plant and equipment | |||||||||||
20,894 | 17,961 | 25,520 | 65,674 | 79,767 | 94,763 | 95,234 | 112,385 | 109,852 | 46,538 | 37,687 | 63,934 |
Increase in intangible and other assets | |||||||||||
3,252 | -1,626 | 1,639 | -766 | 3,730 | 9,419 | 14,818 | 10,419 | 21,644 | 274 | 385 | 23,664 |
Skagen Designs arbitration settlement | |||||||||||
- | - | - | - | 5,968 | 0 | 0 | - | - | - | - | - |
Purchase of securities available for sale | |||||||||||
- | - | - | - | - | - | - | - | 222 | 628 | 1,237 | 7,106 |
Sales/maturities of securities available for sale | |||||||||||
- | - | - | - | - | - | - | - | 8,255 | 314 | 938 | 12,386 |
Proceeds from the sale of property, plant, equipment | |||||||||||
1,255 | 717 | 548 | 44,908 | 179 | 612 | 2,405 | -68 | 21,388 | 448 | 76 | 791 |
Misfit escrow receipts | |||||||||||
- | - | - | 3,341 | 0 | 0 | - | - | - | - | - | - |
Net change in restricted cash | |||||||||||
- | - | - | - | - | - | - | -6,734 | 7,998 | - | 0 | - |
Other investing | |||||||||||
- | - | - | - | - | - | - | - | - | 855 | - | - |
Business acquisitions-net of cash acquired | |||||||||||
- | - | - | - | 220,189 | 0 | 15,521 | 229,151 | - | - | - | - |
Net investment hedge settlement | |||||||||||
- | - | - | -752 | -3,709 | -410 | 0 | 0 | - | - | - | - |
Proceeds from asset divestitures | |||||||||||
41,570 | 0 | 1,750 | 3,500 | 0 | 0 | - | - | - | - | - | - |
Net cash provided by (used in) investing activities | |||||||||||
18,679 | -15,618 | -24,861 | -12,407 | -293,830 | -103,160 | -123,168 | -345,153 | -110,073 | -47,533 | -38,295 | -81,527 |
Financing Activities: | |||||||||||
Common stock issued upon legal settlement | |||||||||||
- | - | - | - | - | - | - | - | -7,833 | - | 0 | - |
Proceeds from exercise of stock options | |||||||||||
- | - | - | - | - | - | 7,596 | 6,090 | 8,540 | 23,410 | 3,756 | 4,909 |
Acquisition of common stock | |||||||||||
4,197 | 2,856 | 1,218 | 7,237 | 231,282 | 437,911 | 582,254 | 271,293 | 270,882 | 199,222 | 0 | 105,873 |
Distribution of noncontrolling interest earnings and other | |||||||||||
3,861 | 4,224 | 4,022 | 8,688 | 9,883 | 10,317 | 10,135 | 8,198 | 9,373 | 7,587 | 2,693 | 6,660 |
Payment for shares | |||||||||||
562 | 0 | 0 | 8,657 | 0 | 0 | - | - | - | - | - | - |
Excess tax benefits from stock-based compensation | |||||||||||
- | - | - | - | - | - | 8,400 | 11,693 | 9,980 | 11,961 | 1,166 | 574 |
Debt borrowings | |||||||||||
685,332 | 811,007 | 2,128,181 | 1,035,838 | 2,548,650 | 961,000 | 1,222,116 | 554,568 | 12,883 | 1,243 | 5,111 | 114,462 |
Debt payments | |||||||||||
870,552 | 857,474 | 2,318,246 | 1,207,205 | 2,368,408 | 838,684 | 791,495 | 498,391 | 8,838 | 389 | 7,055 | 120,216 |
Payments to Acquire Additional Interest in Subsidiaries | |||||||||||
1,200 | 1,947 | 0 | - | - | - | 0 | 14,061 | - | - | 0 | 0 |
Debt issuance costs and other | |||||||||||
-13,477 | -7,163 | -6,405 | -2,545 | -3,104 | 731 | -2,456 | 0 | - | - | - | - |
Net cash used in financing activities | |||||||||||
-208,486 | -62,657 | -201,710 | -198,494 | -64,027 | -325,181 | -148,249 | -219,592 | -249,857 | -170,584 | 285 | -112,804 |
Effect of exchange rate changes on cash and cash equivalents, and restricted cash | |||||||||||
882 | 9,364 | -19,178 | 8,817 | 10,100 | -3,760 | 2,978 | 2,883 | 3,367 | -3,441 | 5,185 | 2,145 |
Net (decrease) increase in cash and cash equivalents, and restricted cash | |||||||||||
-203,134 | 179,228 | -66,207 | 8,043 | 13,014 | -44,218 | 143,243 | -110,262 | -105,296 | -12,381 | 233,163 | -83,232 |
Cash and cash equivalents, and restricted cash: | |||||||||||