| Jan'20 | Oct'19 | Jul'19 | Apr'19 | Jan'19 | Oct'18 | Jul'18 | Apr'18 | Jan'18 | Oct'17 | Jul'17 | Apr'17 | Jan'17 | Oct'16 | Jul'16 | Apr'16 | Jan'16 | Oct'15 | Jul'15 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||||||||||||||
Net income | ||||||||||||||||||
10,879 | 29,138 | 24,820 | 16,625 | 5,815 | 24,912 | 8,650 | 9,919 | 19,686 | 18,023 | 15,343 | 14,272 | 8,227 | 17,224 | 9,163 | 8,940 | -2,212 | 2,825 | 3,011 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||||||||
Depreciation and amortization | ||||||||||||||||||
29,422 | 29,518 | 29,275 | 30,130 | 30,220 | 30,787 | 26,322 | 15,982 | 16,490 | 16,713 | 16,345 | 49,845 | 6,465 | 6,548 | 6,382 | 44,008 | 6,458 | 6,470 | 7,279 |
Write-off and amortization of debt discount and debt issuance costs | ||||||||||||||||||
596 | 1,533 | 835 | 827 | 840 | 840 | 825 | 710 | 729 | 678 | 734 | 651 | 878 | 2,135 | 6,129 | 878 | 852 | 854 | 854 |
Amortization of intangible assets | ||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | 11,851 | 10,820 | 9,413 | - | 9,540 | 8,797 | 8,792 |
Provision for losses on accounts and notes receivable | ||||||||||||||||||
-271 | -282 | 657 | 377 | 159 | -67 | 148 | -755 | -740 | 24 | 849 | 312 | -204 | -155 | -75 | -1,035 | -325 | 329 | -1 |
Provision for obsolescence of inventory | ||||||||||||||||||
26 | 76 | 119 | 16 | 187 | 251 | -22 | -7 | -370 | 112 | 371 | -2 | 512 | -108 | 23 | -3 | 44 | -4 | 43 |
Effects of fair value adjustments to inventory | ||||||||||||||||||
310 | 0 | 151 | 47 | 0 | 0 | 4,129 | - | - | - | - | - | - | - | - | - | - | - | - |
Increase in fair value of contingent consideration | ||||||||||||||||||
1,221 | 152 | 228 | 224 | 75 | 231 | 229 | - | - | - | - | - | - | - | - | - | - | - | - |
Equity-based compensation | ||||||||||||||||||
754 | 3,520 | 2,071 | 2,937 | 1,502 | 1,935 | 1,269 | 1,370 | 1,356 | 1,841 | 1,178 | 1,473 | 170 | 872 | 627 | 991 | 1,073 | 1,497 | 1,172 |
Gain on sale and disposal of assets | ||||||||||||||||||
130 | 586 | 156 | 113 | 118 | 173 | 121 | -139 | 50 | 208 | 390 | 94 | 112 | -69 | 199 | 721 | 205 | -306 | 25 |
Change in fair value of financial instruments | ||||||||||||||||||
- | - | - | 0 | 0 | -376 | -6,019 | -5,415 | -276 | -238 | -196 | - | - | - | - | - | - | - | - |
Deferred income taxes | ||||||||||||||||||
2,554 | -940 | -1,440 | 983 | -13,325 | -4,574 | -571 | 3,364 | 7,423 | 2,725 | 2,712 | 5,341 | 2,400 | 9,151 | 3,222 | 27,156 | 4,432 | -6,998 | -4,091 |
Total net income and adjustments | ||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 20,045 | 369 |
Changes in assets and liabilities net of effects of acquisitions: | ||||||||||||||||||
Trade accounts and notes receivable | ||||||||||||||||||
-46,493 | 6,702 | 23,230 | 36,829 | -68,598 | 4,381 | 40,974 | 26,297 | -36,382 | 8,924 | 12,913 | 17,221 | -16,137 | -44 | 19,360 | 29,212 | -25,843 | 2,135 | 21,834 |
Inventories | ||||||||||||||||||
1,483 | -1,782 | -18 | -16,713 | 7,023 | -16,390 | 20,943 | 10,881 | 16,340 | 4,235 | 3,318 | -7,318 | 12,264 | -3,657 | 17,101 | 428 | 24 | 624 | -377 |
Prepaid expenses and other assets | ||||||||||||||||||
-2,637 | -2,932 | 1,359 | 3,874 | 625 | 759 | -416 | -6,830 | 2,951 | 2,809 | 2,996 | -1,013 | -1,680 | 47 | 3,058 | 559 | -361 | 340 | 4,144 |
Accounts payable | ||||||||||||||||||
-24,934 | 4,040 | -9,526 | 44,672 | -27,372 | 11,212 | -1,696 | 17,088 | -20,313 | 5,084 | 9,506 | -4,081 | -288 | -1,066 | 1,672 | 15,187 | -15,607 | -1,202 | 2,677 |
Accrued compensation and employee benefits | ||||||||||||||||||
1,245 | 13,373 | -26,347 | 10,455 | 5,726 | 13,395 | -22,945 | 6,904 | 9,212 | 11,342 | -27,694 | 7,497 | 10,726 | 11,164 | -24,947 | 15,383 | 6,241 | 8,710 | -26,880 |
Derivative liability | ||||||||||||||||||
- | - | - | 0 | 0 | 0 | -10,778 | - | - | - | - | - | - | - | - | - | - | - | - |
Other accrued expenses and liabilities | ||||||||||||||||||
-3,879 | 4,813 | -8,556 | 4,988 | -4,879 | 3,106 | 2,219 | 4,562 | -1,858 | -11,856 | 14,026 | 947 | -4,172 | 2,999 | 852 | 132 | -2,947 | -3,063 | 11,429 |
Liabilities to noncontrolling interest holders | ||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | 225 | 1 | 661 | 246 | -743 | 159 | 557 | 473 |
Income tax receivable / payable | ||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | 6,734 | -1,170 | -14,355 | 2,835 | 17,998 | -13,454 | 105 | 2,457 |
Cash provided by operating activities | ||||||||||||||||||
65,440 | 82,367 | -12,440 | 88,178 | 59,780 | 93,481 | -47,824 | 22,236 | 34,370 | 23,485 | 8,525 | 30,368 | 35,649 | 31,311 | -30,620 | 29,845 | 20,229 | 16,084 | -18,411 |
Cash flows from investing activities: | ||||||||||||||||||
Purchases of property and equipment | ||||||||||||||||||
6,247 | 8,746 | 5,891 | 5,385 | 4,229 | 5,363 | 3,793 | 10,333 | 4,966 | 2,931 | 5,511 | 4,183 | 1,876 | 2,417 | 2,607 | 3,697 | 1,325 | 1,205 | 1,465 |
Proceeds from sale of assets | ||||||||||||||||||
243 | 824 | 232 | 260 | 272 | 372 | 266 | 491 | 446 | 504 | 1,424 | 750 | 1,926 | 478 | 841 | 3,084 | 674 | 5,659 | 430 |
Acquisition of businesses, net of cash acquired | ||||||||||||||||||
10,170 | 0 | 10,633 | 3,361 | 814 | 3,418 | 575,499 | 4,765 | 5,193 | 15,251 | 3,124 | 4,452 | 6,037 | 113,357 | 26,582 | - | - | - | - |
Cash used in investing activities | ||||||||||||||||||
-16,174 | -7,922 | -16,292 | -8,486 | -4,771 | -8,409 | -579,026 | -14,607 | -9,713 | -17,678 | -7,211 | -7,885 | -5,987 | -115,296 | -28,348 | -37,097 | -83,503 | 3,595 | -1,035 |
Cash flows from financing activities: | ||||||||||||||||||
Repayments on the revolving credit facility | ||||||||||||||||||
235,717 | 296,799 | 262,107 | 188,177 | 279,352 | 292,878 | 176,769 | 20,138 | 153,172 | 186,538 | 257,382 | 194,327 | 181,866 | 410,030 | 225,702 | 252,438 | 139,348 | 169,115 | 136,243 |
Borrowings from the revolving credit facility | ||||||||||||||||||
197,746 | 287,888 | 274,810 | 94,252 | 263,779 | 230,947 | 392,170 | 20,139 | 141,172 | 185,138 | 167,429 | 176,858 | 150,291 | 405,819 | 280,397 | 269,257 | 202,945 | 148,813 | 161,089 |
Payments of principal on long-term debt | ||||||||||||||||||
2,492 | 52,492 | 2,492 | 2,492 | 2,492 | 2,492 | 2,492 | 1,444 | 1,444 | 1,444 | 1,444 | 1,203 | 1,203 | 1,203 | 975 | 975 | 975 | 1,006 | 975 |
Payments of principal on finance lease obligations | ||||||||||||||||||
5,661 | 6,289 | 6,021 | 5,551 | 5,103 | 4,822 | 3,998 | 1,602 | 1,594 | 1,502 | 1,434 | 1,389 | 1,327 | 1,279 | 1,213 | 1,067 | 1,086 | 1,064 | 1,032 |
Proceeds from issuance of common stock in initial public offering, net of underwriting discounts | ||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | 0 | 0 | -276 | 157,217 | - | - | - | - |
Repayments of term loan | ||||||||||||||||||
- | - | - | - | - | - | - | - | 0 | 0 | 477,616 | - | - | - | - | - | - | - | - |
Borrowings from term loan amendment | ||||||||||||||||||
- | - | - | 0 | 0 | 0 | 996,840 | 0 | 0 | 0 | 577,616 | - | - | - | - | - | - | - | - |
Repayments from term loan amendment | ||||||||||||||||||
- | - | - | 0 | 0 | 0 | 571,840 | - | - | - | - | - | - | - | - | - | - | - | - |
Repurchases of common stock | ||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | 5,827 |
Debt issuance costs | ||||||||||||||||||
- | - | - | 0 | 0 | 0 | 7,933 | -2,647 | 0 | -25 | 3,308 | - | - | - | - | - | - | - | - |
Proceeds from exercises of stock options | ||||||||||||||||||
1,519 | 6,628 | 133 | 1,258 | 307 | 542 | 431 | - | - | - | - | - | - | - | - | 0 | 1,107 | 2,095 | 3,317 |
Other financing activities | ||||||||||||||||||
239 | 0 | 1,022 | 50 | 482 | 0 | 873 | - | - | - | - | - | - | - | - | - | - | - | - |
Cash (used in) provided by financing activities | ||||||||||||||||||
-44,366 | -62,350 | 5,345 | -105,716 | -33,893 | -68,703 | 627,282 | -131 | -15,499 | -5,762 | 3,861 | -18,524 | -35,447 | 90,544 | 49,724 | 18,941 | 61,237 | -23,426 | 20,329 |
Effect of exchange rates on cash and cash equivalents | ||||||||||||||||||
-220 | 51 | 172 | -985 | 353 | -356 | -4 | - | - | - | - | - | - | - | - | - | - | - | - |
(Decrease) increase in cash and cash equivalents | ||||||||||||||||||
4,680 | 12,146 | -23,215 | -27,009 | 21,469 | 16,013 | 428 | 7,498 | 9,158 | 45 | 5,175 | 3,959 | -5,785 | 6,559 | -9,244 | 11,689 | -2,037 | -3,747 | 883 |
Supplemental cash flow disclosures: | ||||||||||||||||||
Cash paid for income taxes | ||||||||||||||||||
4,557 | 6,866 | 18,776 | 3,230 | 5,652 | 9,511 | 958 | 3,949 | 6,550 | 26,668 | 1,787 | 9,332 | 9,041 | 24,250 | 6,540 | 3,817 | 8,031 | 9,704 | 4,515 |
Cash paid for interest | ||||||||||||||||||
15,570 | 16,643 | 17,011 | 20,711 | 14,758 | 19,986 | 10,980 | 7,421 | 7,088 | 7,312 | 6,792 | 6,405 | 6,875 | 6,550 | 6,613 | 9,688 | 8,299 | 8,627 | 7,943 |
Assets acquired under capital lease | ||||||||||||||||||
- | - | - | - | - | - | - | 1,133 | 1,575 | 3,421 | 2,957 | 2,743 | 1,487 | 1,356 | 3,824 | 3,402 | 949 | 908 | 2,283 |
Change in fair value of derivative instrument | ||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 205 | - | 599 | 1,379 | -282 |
Increase (decrease) in insurance claims payable and insurance recoverable | ||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | 1,590 | - | - | - | 161 | 635 | -1,000 | 650 | -26,000 |