| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|---|---|
CASH FLOWS FROM OPERATING ACTIVITIES | ||||||||||
Net Income (Loss) Attributable to Parent | ||||||||||
89,566 | 119,832 | 85,718 | 55,577 | 42,219 | 30,674 | 24,040 | 28,095 | 8,470 | 1,226 | -4,521 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||
Depreciation and amortization | ||||||||||
62,795 | 55,052 | 33,541 | 24,362 | 16,775 | 10,433 | - | - | - | - | - |
Reduction of tax valuation allowance | ||||||||||
- | - | - | - | - | - | - | 15,570 | 3,048 | - | - |
Stock warrants revaluation | ||||||||||
- | - | - | - | - | - | - | -1,731 | -699 | 261 | -817 |
(Increase) decrease in cash surrender value of life insurance | ||||||||||
- | - | - | - | - | - | - | 88 | 21 | 139 | -109 |
Amortization of convertible notes debt discount | ||||||||||
7,021 | 5,885 | 0 | 0 | - | - | 430 | 543 | 995 | 1,535 | 1,294 |
Depreciation | ||||||||||
- | - | - | - | - | - | 4,926 | 4,063 | 4,087 | 4,406 | 4,918 |
Amortization of intangible assets | ||||||||||
- | - | - | - | - | - | 2,371 | 1,523 | 829 | 564 | 353 |
Stock-based compensation expense | ||||||||||
15,436 | 13,981 | 10,411 | 6,470 | 4,666 | 3,282 | 1,312 | 802 | 333 | 210 | 98 |
Provision for bad debts | ||||||||||
- | - | - | 415 | 471 | 137 | 24 | 340 | 738 | -108 | -950 |
Deferred income taxes | ||||||||||
-5,593 | -759 | 6,477 | 560 | 1,799 | -1,652 | -3,983 | -8,401 | -3,066 | -328 | 0 |
Amortization of convertible notes debt discount | ||||||||||
- | - | - | - | - | - | - | 832 | 122 | 128 | 164 |
Deferred compensation expense | ||||||||||
- | - | - | - | - | - | - | 194 | 222 | 226 | 250 |
Reversal of tax valuation allowance | ||||||||||
- | - | - | - | - | - | - | - | - | 311 | - |
Other | ||||||||||
1,661 | 2,841 | -422 | -853 | -664 | -394 | 343 | - | - | - | - |
Loss on sale of fixed assets | ||||||||||
- | - | - | - | - | - | 430 | 238 | 244 | 2,866 | 1,201 |
Interest paid-in-kind | ||||||||||
- | - | - | - | - | - | - | - | 116 | 625 | 1,035 |
Gain on divestitures | ||||||||||
- | - | - | - | - | - | - | - | - | - | 683 |
Amortization of loss on interest rate swap agreements | ||||||||||
- | - | - | - | - | - | - | - | -677 | 318 | 318 |
Change in fair value of derivative financial instruments | ||||||||||
- | - | - | - | - | - | - | - | 106 | -295 | -697 |
Other | ||||||||||
- | - | - | - | - | - | - | - | - | - | -159 |
Change in operating assets and liabilities, net of acquisitions of businesses: | ||||||||||
Trade receivables | ||||||||||
-5,768 | -26,680 | 11,152 | -11,324 | -9,017 | 1,942 | 1,477 | -1,034 | 3,334 | -3,456 | 5,414 |
Inventories | ||||||||||
-19,682 | -92 | 35,270 | 12,461 | -3,042 | 1,660 | 7,482 | 14,182 | 3,874 | 1,956 | -4,703 |
Prepaid expenses and other assets | ||||||||||
12,869 | -1,654 | 7,600 | 1,629 | -465 | 1,521 | 1,576 | 1,279 | -87 | 307 | -822 |
Accounts payable, accrued liabilities and other | ||||||||||
1,079 | -21,081 | 30,308 | 12,796 | -8,664 | 4,869 | -3,648 | 5,188 | 2,467 | 1,313 | 1,402 |
Payments on deferred compensation obligations | ||||||||||
- | - | - | - | - | - | -385 | -392 | -466 | -421 | -428 |
Net cash provided by operating activities | ||||||||||
192,410 | 200,013 | 99,901 | 97,147 | 66,856 | 46,318 | 22,431 | 20,997 | 11,815 | 7,887 | 3,912 |
CASH FLOWS FROM INVESTING ACTIVITIES | ||||||||||
Capital expenditures | ||||||||||
27,661 | 34,486 | 22,497 | 15,406 | 7,958 | 6,542 | 8,669 | 7,895 | 2,436 | 1,356 | 309 |
Proceeds from sale of property, equipment and other investing activities | ||||||||||
4,402 | 6,463 | 1,211 | 279 | 103 | 113 | 1,021 | 34 | 101 | 8,416 | 1,697 |
Proceeds from sale of property, equipment and other investing activities | ||||||||||
- | - | - | -44 | -644 | 98 | 97 | 99 | 91 | 97 | -13 |
Proceeds from sale of businesses and related facilities | ||||||||||
- | - | - | - | - | - | - | - | - | - | 11,824 |
Business acquisitions, net of cash acquired | ||||||||||
55,953 | 343,347 | 251,851 | 138,915 | 140,176 | 72,094 | 16,511 | 29,262 | 7,314 | 5,776 | 0 |
Net cash used in investing activities | ||||||||||
-79,212 | -371,370 | -273,137 | -153,998 | -147,387 | -78,621 | -24,256 | -37,222 | -9,740 | 1,187 | 13,225 |
CASH FLOWS FROM FINANCING ACTIVITIES | ||||||||||
Term debt borrowings | ||||||||||
7,500 | 36,981 | 0 | 29,002 | 75,000 | 0 | 0 | - | - | - | - |
Borrowings on revolver and term loan, net | ||||||||||
- | - | - | - | - | - | - | 16,930 | -3,563 | -12,507 | -14,483 |
Term debt repayments | ||||||||||
6,250 | 7,691 | 15,766 | 13,240 | 8,036 | 0 | 0 | - | - | - | - |
Borrowings on revolver | ||||||||||
653,129 | 1,211,464 | 673,830 | 422,253 | 322,601 | 298,201 | 187,190 | - | - | - | - |
Repayments on revolver | ||||||||||
910,461 | 1,106,528 | 576,860 | 369,346 | 286,135 | 252,147 | 181,906 | - | - | - | - |
Stock repurchases under buyback program | ||||||||||
3,815 | 107,567 | 0 | 5,214 | 22,637 | 13,928 | 6,078 | - | - | - | - |
Proceeds from senior notes offering | ||||||||||
300,000 | - | - | - | - | - | - | - | - | - | - |
Proceeds from convertible notes offering | ||||||||||
0 | 172,500 | 0 | 0 | - | - | - | - | - | - | - |
Short-term debt payments, net | ||||||||||
- | - | - | - | - | - | - | -1,000 | 1,000 | 5,750 | -4,700 |
Proceeds from life insurance policy loans | ||||||||||
- | - | - | - | - | - | - | - | 2,762 | 0 | 0 |
Purchase of convertible notes hedges | ||||||||||
0 | 31,481 | 0 | 0 | - | - | - | - | 1,137 | 0 | 0 |
Proceeds from sale of warrants | ||||||||||
0 | 18,147 | 0 | 0 | - | - | - | - | - | - | - |
Cash dividends paid to shareholders | ||||||||||
5,798 | - | - | - | - | - | - | - | - | - | - |
Proceeds from public offering of common stock, net of expenses | ||||||||||
0 | 0 | 93,306 | 0 | 0 | - | - | - | - | - | - |
Realization of excess tax benefit on stock-based compensation | ||||||||||
- | - | - | - | 1,147 | 1,071 | 2,409 | - | - | - | - |
Payments related to vesting of stock-based awards, net of shares tendered for taxes | ||||||||||
3,380 | 2,698 | 4,821 | 1,666 | 1,226 | 577 | - | - | - | - | - |
Payment of deferred financing costs and other | ||||||||||
7,219 | 7,632 | 997 | 417 | 1,979 | 106 | 101 | 257 | 2,568 | 397 | 487 |
Payment for Contingent Consideration Liability, Financing Activities | ||||||||||
4,416 | 0 | 0 | - | - | - | - | - | - | - | - |
Proceeds from Stock Options Exercised | ||||||||||
- | - | - | 1,900 | 1,861 | 26 | 64 | 436 | 21 | 0 | - |
Other financing activities | ||||||||||
7 | -10 | 862 | -24 | -101 | -148 | -153 | - | - | -23 | -79 |
Payments on capital lease obligations | ||||||||||
- | - | - | - | - | - | - | - | -3 | - | - |
Net cash used in financing activities | ||||||||||
19,297 | 175,485 | 169,554 | 63,213 | 80,495 | 32,392 | 1,425 | 16,109 | -3,482 | -7,177 | -19,749 |
Increase (decrease) in cash and cash equivalents | ||||||||||
132,495 | 4,128 | -3,682 | 6,362 | -36 | 89 | -400 | -116 | -1,407 | 1,897 | -2,612 |