| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | |
|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||
Net income | ||||||
10,729 | 57,883 | 56,454 | 16,662 | 5,626 | 6,168 | |
Adjustments to reconcile net income to net cash used in operating activities: | ||||||
Depreciation and amortization | ||||||
21,869 | 23,064 | 12,509 | 9,497 | 9,936 | 9,628 | |
Gain on sale of investments and settlement of note receivable | ||||||
- | - | 241 | - | - | - | |
Share-based compensation | ||||||
8,537 | 7,577 | 2,230 | 3,216 | 1,118 | 1,011 | |
Deferred income taxes | ||||||
-7,131 | -6,687 | -15,347 | -2,429 | -4,927 | -6,195 | |
Amortization of debt issuance costs | ||||||
937 | 970 | 608 | 527 | 834 | 309 | |
Changes in operating assets and liabilities, net of acquisitions: | ||||||
Accounts receivable, net | ||||||
44,562 | -10,425 | 1,059 | 9,007 | -6,333 | -959 | |
Inventories, net | ||||||
5,931 | -35,126 | 43,425 | 23,719 | -9,110 | 12,125 | |
Prepaid expenses and other assets | ||||||
-6,067 | 685 | -3,386 | 3,381 | -403 | 41 | |
Accounts payable | ||||||
67,966 | -62,173 | 22,612 | 36,761 | -1,676 | 8,749 | |
Customer deposits | ||||||
- | - | - | - | - | -202 | |
Accrued liabilities | ||||||
3,214 | -3,518 | 848 | 1,612 | 169 | 213 | |
Other liabilities | ||||||
-4,545 | -1,507 | 228 | -2,009 | -3,396 | -383 | |
Net cash used in operating activities | ||||||
57,150 | 60,475 | 38,803 | 27,730 | 26,690 | 8,091 | |
Cash flows from investing activities: | ||||||
Capital expenditures | ||||||
12,343 | 13,920 | 8,226 | 4,268 | 1,367 | 3,468 | |
Cash paid for acquisitions, net of cash acquired | ||||||
- | 1,443 | 180,955 | 17,407 | - | - | |
Cash paid for intangible assets | ||||||
8,147 | - | - | - | - | - | |
Proceeds from sale of intangible assets | ||||||
- | - | - | 230 | - | - | |
Proceeds from sale of property, plant, and equipment | ||||||
- | - | - | 243 | - | - | |
Proceeds from sale of investments and settlement note receivable | ||||||
- | - | 2,430 | - | - | - | |
Net cash used in investing activities | ||||||
-20,490 | -15,363 | -186,751 | -21,202 | -1,367 | -3,468 | |
Cash flows from financing activities: | ||||||
Issuance of ordinary shares, net of fees | ||||||
- | - | 7,278 | 47,103 | - | - | |
Issuance of ordinary shares under share-based compensation plans | ||||||
5,757 | 6,329 | 9,141 | - | - | - | |
Employees' taxes paid upon vesting of restricted share units | ||||||
290 | 91 | - | - | - | - | |
Repurchase of ordinary shares | ||||||
1,599 | 89,980 | - | - | - | - | |
Dividends to shareholders | ||||||
- | - | - | - | 22,127 | - | |
Net proceeds from capital contributions | ||||||
- | - | - | - | - | 19 | |
Debt issuance and modification costs | ||||||
- | 2,092 | 1,520 | - | 2,631 | - | |
Borrowings on revolving credit facility | ||||||
13,000 | 44,162 | 10,000 | 12,000 | 24,000 | 9,000 | |
Repayments on revolving commitment | ||||||
- | - | - | - | 26,000 | - | |
Repayments on revolving credit facility | ||||||
28,000 | 20,000 | - | 22,000 | - | 9,000 | |
Proceeds from term loan | ||||||
- | - | 140,000 | 15,000 | 55,000 | - | |
Repayments on term loan | ||||||
8,750 | 8,910 | 295 | 30,171 | 43,750 | 3,250 | |
Net cash provided by (used in) financing activities | ||||||
-19,882 | -70,582 | 164,604 | 21,932 | -15,508 | -3,231 | |
Net decrease in cash | ||||||
16,778 | -25,470 | 16,656 | 28,460 | 9,815 | 1,392 | |
Supplemental disclosures of cash flow information: | ||||||
Cash paid during the period for interest | ||||||
8,424 | 8,273 | 3,436 | 3,686 | 2,632 | 2,663 | |
Cash paid during the period for taxes, net of refunds | ||||||
896 | 2,278 | 1,068 | 103 | 496 | 611 | |
Supplemental disclosures of non-cash activities: | ||||||
Capital expenditures included in accounts payable | ||||||
774 | 1,462 | 723 | 1,174 | 10 | 86 | |
Right-of-use assets obtained in exchange for new operating lease liabilities | ||||||
817 | - | - | - | - | - | |