| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 |
|---|---|---|---|---|---|---|
Operating activities | ||||||
Net income | ||||||
31,667 | 40,518 | 123,385 | 26,762 | -14,746 | -3,561 | -61,555 |
Adjustments to reconcile net income to net cash flows from operating activities: | ||||||
Depreciation, amortization and accretion | ||||||
13,379 | 13,929 | 19,231 | 18,263 | 19,651 | 19,024 | 25,783 |
Impairment of land | ||||||
- | - | - | - | - | - | 6,406 |
Impairment of intangible assets | ||||||
- | - | - | - | - | - | 17,175 |
Amortization of debt related costs | ||||||
978 | 1,279 | 1,361 | 1,603 | 2,431 | 2,708 | 2,600 |
Debt retirement costs | ||||||
- | - | - | - | - | 0 | - |
Write-off of deferred offering and financing costs | ||||||
- | - | - | - | 236 | 2,392 | 598 |
Provision for bad debt | ||||||
146 | 321 | 136 | 53 | 773 | 303 | 63 |
Provision for excess and obsolete inventory | ||||||
1,851 | 2,875 | 1,215 | 1,342 | 1,359 | 1,593 | 4,854 |
Stock-based compensation | ||||||
12,492 | 8,718 | 5,928 | 2,524 | 2,002 | 1,031 | 578 |
Gain (Loss) on Sale of Assets and Asset Impairment Charges | ||||||
- | - | - | 6,385 | 0 | 0 | - |
Loss on impairment of land | ||||||
0 | 0 | 912 | 0 | 0 | - | - |
Gain (Loss) on Extinguishment of Debt | ||||||
-3,196 | 0 | -2,442 | -1,896 | -15,528 | 0 | - |
Deferred taxes | ||||||
9,725 | 5,762 | -86,946 | -155 | 99 | - | - |
Long-term income tax receivable | ||||||
-10,635 | 2,855 | 8,413 | 200 | -230 | -2,719 | 566 |
Long-term income tax payable and other long-term liabilities | ||||||
-13,156 | 3,219 | 2,793 | 565 | 638 | -2,560 | 187 |
Other | ||||||
-422 | -1,399 | -1,049 | -1,284 | -1,795 | 215 | 237 |
Increases (decreases) in cash from operating assets and liabilities: | ||||||
Accounts receivable | ||||||
-156 | 3,985 | 3,407 | 1,059 | 14 | 3,563 | -2,627 |
Inventory | ||||||
-1,994 | 8,690 | 9,620 | 3,626 | 2,609 | -1,500 | 4,741 |
Other current assets | ||||||
2,411 | 661 | 388 | 155 | 132 | 865 | -1,026 |
Accounts payable | ||||||
3,233 | -2,886 | 604 | 5,700 | -1,680 | -4,047 | -1,147 |
Income taxes | ||||||
- | - | - | - | 187 | 68 | 410 |
Accrued expenses and other liabilities | ||||||
6,077 | 2,250 | 4,495 | 1,230 | -3,986 | -4,937 | -9,633 |
Net cash provided by operating activities | ||||||
80,384 | 61,193 | 54,777 | 49,642 | 21,762 | 11,590 | -15,572 |
Investing activities | ||||||
Capital expenditures | ||||||
22,061 | 20,132 | 17,543 | 7,398 | 13,151 | 8,137 | 5,010 |
Proceeds from sale of assets | ||||||
0 | 1,000 | 1,234 | 10,605 | 0 | 227 | 1,527 |
Other | ||||||
- | - | - | 74 | 0 | 228 | - |
Net cash used in investing activities | ||||||
-22,061 | -19,132 | -16,309 | 3,281 | -13,151 | -7,682 | -3,483 |
Financing activities | ||||||
Payments for public offering costs | ||||||
0 | 0 | 74 | 2,006 | 6,925 | 2,064 | - |
Proceeds from issuance of long-term debt | ||||||
199,461 | 0 | 274,313 | 0 | 360,438 | 0 | - |
Payments on long-term debt and other borrowings | ||||||
275,376 | 2,862 | 286,694 | 78,729 | 1,900 | 71 | 1,310 |
Payments on senior notes | ||||||
- | - | - | - | 400,000 | 0 | - |
Payment for call premium on senior notes | ||||||
- | - | - | - | 9,752 | 0 | - |
Deferred financing costs | ||||||
2,258 | 0 | 1,576 | 11 | 6,304 | 175 | 1,249 |
Net movement in line of credit | ||||||
- | - | - | - | -8,000 | 0 | - |
Proceeds from stock option exercises | ||||||
1,173 | 1,152 | 3,247 | 231 | 0 | 13 | - |
Proceeds from issuance of common stock | ||||||
573 | 428 | 187 | 50,900 | 73,539 | 0 | 400 |
Proceeds from line of credit | ||||||
- | - | - | - | - | - | 8,000 |
Payments for common stock repurchase | ||||||
- | - | - | - | - | - | 106 |
Payments for minimum statutory tax withholding related to net share settlement of equity awards | ||||||
2,454 | 3,386 | 2,853 | 602 | 97 | 0 | - |
Net cash used in financing activities | ||||||
-78,881 | -4,668 | -13,450 | -30,217 | 999 | -2,297 | 5,612 |
Effect of foreign exchange rates on cash and cash equivalents | ||||||
76 | -282 | 94 | -124 | -753 | -450 | -1,300 |
Net increase (decrease) in cash and cash equivalents | ||||||
-20,482 | 37,111 | 25,112 | 22,582 | 8,857 | 1,161 | -14,743 |
Payments of dividend | ||||||
- | - | - | - | - | - | 123 |
Supplemental disclosure of cash flow information | ||||||
Interest | ||||||
12,253 | 15,869 | 16,653 | 24,441 | 40,788 | 39,214 | 39,150 |
Income taxes, net of refunds of $2, $35 and $17, respectively | ||||||
274 | 90 | 106 | 265 | 174 | 508 | 118 |
Schedule of non-cash investing and financing activities | ||||||
Additions of property, plant and equipment included in liabilities | ||||||
4,175 | 7,395 | 2,738 | 4,990 | 1,125 | 2,916 | 1,243 |
Receivable in connection with sale of Australian subsidiary | ||||||
- | - | - | 1,479 | 0 | 0 | - |