| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | ||
|---|---|---|---|---|---|---|
Cash flows from operating activities | ||||||
Net (loss) income | ||||||
-14,302 | 87 | 7,817 | -3,395 | -1,349 | ||
Adjustments to reconcile net (loss) income to net cash used in operating activities | ||||||
Depreciation and amortization of intangible assets and loan fees | ||||||
16,509 | 12,467 | 3,614 | 4,074 | 3,140 | ||
Foreign exchange loss on liabilities | ||||||
- | -16 | -228 | 28 | 300 | ||
(Gain) Loss on disposition of property, plant, and equipment | ||||||
189 | 90 | -20 | -42 | -28 | ||
Stock based compensation expense | ||||||
7,355 | 3,812 | 447 | - | - | ||
Deferred tax adjustment | ||||||
-3,458 | -843 | 3,690 | - | - | ||
Contingent note revaluations | ||||||
7,320 | 3,280 | - | - | - | ||
Other non-cash activity | ||||||
-405 | 334 | - | 645 | - | ||
Warranty settlement gain | ||||||
- | - | - | - | -1,449 | ||
Changes in assets and liabilities | ||||||
Accounts receivable | ||||||
14,123 | 14,209 | 4,313 | 2,216 | 1,907 | ||
Inventories | ||||||
-30,448 | 36,610 | 9,718 | 542 | 10,399 | ||
Other assets | ||||||
1,619 | -1,423 | 721 | -2,037 | 3,789 | ||
Accounts payable | ||||||
-7,595 | 15,701 | 4,152 | 104 | 6,114 | ||
Accrued wages payable | ||||||
2,800 | 1,979 | 694 | -128 | 827 | ||
Other accrued expenses | ||||||
-2,718 | 908 | -28 | -229 | -229 | ||
Net cash (used in) provided by operating activities | ||||||
20,833 | -12,413 | 5,882 | -926 | -6,415 | ||
Cash flows from investing activities | ||||||
Proceeds from disposition of property, plant, and equipment | ||||||
340 | 229 | - | 1 | 12 | ||
Purchase of property, plant, and equipment | ||||||
10,276 | 7,178 | 4,131 | 2,041 | 1,550 | ||
Business acquisitions (net of cash acquired) | ||||||
185,090 | 93,052 | - | - | - | ||
Net cash used in investing activities | ||||||
-195,026 | -100,001 | -4,131 | -2,040 | -1,538 | ||
Cash flows from financing activities | ||||||
Proceeds from issuance of long-term debt | ||||||
818,387 | 538,028 | 260,020 | 238,252 | 236,981 | ||
Principal payments on long-term debt | ||||||
676,509 | 466,912 | 270,458 | 243,852 | 218,532 | ||
Proceeds from Public Offering of Class A Shares, net of underwriting discounts and offering costs | ||||||
- | 73,914 | 104,010 | - | - | ||
Repayment of preference notes | ||||||
- | - | 55,960 | - | - | ||
Change in restricted deposits | ||||||
- | - | -50 | -6,894 | - | ||
Tax Distributions to LLC Owners | ||||||
1,686 | 1,485 | - | - | - | ||
Purchase of LLC units from Continuing LLC Owners | ||||||
- | - | 2,133 | - | 6,944 | ||
Principal payments on finance lease obligations | ||||||
1,547 | 1,254 | 116 | 93 | 382 | ||
Payment of deferred financing fees and debt discount | ||||||
5,790 | 2,750 | 42 | 509 | 1,316 | ||
Tax withholding payments on Restricted Stock Units | ||||||
114 | - | - | - | - | ||
Exercise of options and RSU withholdings to purchase common stock | ||||||
2,318 | 1,429 | - | - | - | ||
Net cash provided by financing activities | ||||||
135,059 | 140,970 | 35,371 | 692 | 9,807 | ||
Net change in cash and cash equivalents | ||||||
-39,134 | 28,556 | 37,122 | -2,274 | 1,854 | ||
Effect of exchange rate changes on cash and cash equivalents | ||||||
46 | -92 | 7 | -209 | 26 | ||
Supplemental cash flow information | ||||||
Interest paid | ||||||
13,632 | 7,220 | 1,353 | 2,911 | 2,997 | ||
Net change in property, plant, and equipment acquired through accounts payable | ||||||
-1,814 | 25 | -80 | 125 | 24 | ||
Finance lease additions | ||||||
-3,006 | 656 | 35 | 188 | - | ||
Issuance of preference notes for LLC Interests | ||||||
- | - | 55,960 | - | - | ||
Net change of deferred tax asset from step-up in basis | ||||||
12,381 | 36,882 | 9,441 | - | - | ||
Non cash acquisition of intangibles | ||||||
- | - | - | - | 350 | ||
Income taxes paid | ||||||
249 | 640 | 323 | - | - | ||
Accrued tax distribution | ||||||
786 | 2,097 | 597 | - | - | ||
Non cash consideration - Contingent notes | ||||||
- | 6,900 | - | - | - | ||
Non cash consideration - Guarantee note | ||||||
- | 10,000 | - | - | - | ||
Non cash consideration - Issuance of Class B common stock and LLC Interests | ||||||
- | 103,004 | - | - | - | ||