| Mar'20 | Dec'19 | Sep'19 | Jun'19 | Mar'19 | Dec'18 | Sep'18 | Jun'18 | Mar'18 |
|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities | ||||||||
Net (loss) income | ||||||||
-2,633 | -13,750 | -8,796 | 5,918 | 2,326 | -5,256 | 3,902 | 5,398 | -3,957 |
Adjustments to reconcile net (loss) income to net cash used in operating activities | ||||||||
Depreciation and amortization of intangible assets and loan fees | ||||||||
5,470 | 5,504 | 4,949 | 2,965 | 3,091 | 3,540 | 3,213 | 3,192 | 2,522 |
Foreign exchange loss on liabilities | ||||||||
- | - | - | - | - | 0 | -57 | 94 | -53 |
(Gain) Loss on disposition of property, plant, and equipment | ||||||||
375 | 164 | -37 | 28 | 34 | 49 | -8 | 29 | 20 |
Stock based compensation expense | ||||||||
2,558 | 2,608 | 1,601 | 1,602 | 1,544 | 1,134 | 1,224 | 756 | 698 |
Deferred tax adjustment | ||||||||
-1,169 | -3,495 | -1,601 | 1,138 | 500 | -1,604 | 808 | 1,020 | -1,067 |
Contingent note revaluations | ||||||||
- | 4,230 | 2,310 | 1,460 | -680 | 3,030 | -350 | 459 | 141 |
Other non-cash activity | ||||||||
-33 | -259 | -90 | -39 | -17 | 0 | 0 | 0 | 334 |
Changes in assets and liabilities | ||||||||
Accounts receivable | ||||||||
60,217 | -27,561 | 1,466 | 19,774 | 20,444 | -9,090 | 2,479 | -8,177 | 28,997 |
Inventories | ||||||||
39,069 | -18,311 | -18,431 | -14,072 | 20,366 | 11,865 | -4,639 | 2,146 | 27,238 |
Other assets | ||||||||
1,090 | 2,987 | -118 | -1,229 | -21 | 2,258 | -1,027 | -2,638 | -16 |
Accounts payable | ||||||||
27,827 | -8,621 | -5,630 | -10,679 | 17,335 | 4,519 | -20,677 | 9,351 | 22,508 |
Accrued wages payable | ||||||||
-2,561 | 399 | 994 | 2,557 | -1,150 | 1,037 | 532 | 892 | -482 |
Other accrued expenses | ||||||||
2,620 | -419 | -1,582 | -358 | -359 | -383 | 3,595 | -30 | -2,274 |
Net cash (used in) provided by operating activities | ||||||||
-68,606 | 29,436 | 9,455 | 141 | -18,199 | 935 | -4,501 | 29,584 | -38,431 |
Cash flows from investing activities | ||||||||
Proceeds from disposition of property, plant, and equipment | ||||||||
429 | 270 | 1 | 22 | 47 | 121 | 5 | 46 | 57 |
Purchase of property, plant, and equipment | ||||||||
5,075 | 5,148 | 3,398 | 833 | 897 | 1,050 | 1,396 | 2,508 | 2,224 |
Business acquisitions (net of cash acquired) | ||||||||
- | - | - | - | - | 969 | 0 | 97 | 91,986 |
Net cash used in investing activities | ||||||||
-4,646 | -4,878 | -188,487 | -811 | -850 | -1,898 | -1,391 | -2,559 | -94,153 |
Cash flows from financing activities | ||||||||
Proceeds from issuance of long-term debt | ||||||||
239,600 | 157,303 | 337,940 | 189,010 | 134,134 | 110,250 | 128,700 | 136,800 | 162,278 |
Principal payments on long-term debt | ||||||||
165,816 | 164,828 | 179,825 | 206,139 | 125,717 | 120,775 | 130,173 | 156,431 | 59,533 |
Tax Distributions to LLC Owners | ||||||||
20 | 45 | 263 | 0 | 1,378 | 30 | 881 | 34 | 540 |
Principal payments on finance lease obligations | ||||||||
394 | 444 | 366 | 366 | 371 | 393 | 300 | 319 | 242 |
Payment of deferred financing fees and debt discount | ||||||||
- | 428 | 5,312 | 0 | 50 | 75 | 62 | 0 | 2,613 |
Tax withholding payments on Restricted Stock Units | ||||||||
149 | - | - | - | - | - | - | - | - |
Exercise of options and RSU withholdings to purchase common stock | ||||||||
1,002 | 730 | 790 | 483 | 315 | - | - | - | - |
Net cash provided by financing activities | ||||||||
74,223 | -7,826 | 152,964 | -17,012 | 6,933 | 62,891 | -1,287 | -19,984 | 99,350 |
Net change in cash and cash equivalents | ||||||||
971 | 16,732 | -26,068 | -17,682 | -12,116 | 61,928 | -7,179 | 7,041 | -33,234 |
Effect of exchange rate changes on cash and cash equivalents | ||||||||
-135 | 85 | -41 | -121 | 123 | -50 | -11 | -83 | 52 |
Supplemental cash flow information | ||||||||
Interest paid | ||||||||
3,789 | 4,160 | 5,018 | 2,308 | 2,146 | 2,091 | 2,025 | 2,273 | 831 |
Net change in property, plant, and equipment acquired through accounts payable | ||||||||
681 | -1,434 | -216 | -113 | -51 | 0 | 458 | 78 | -511 |
Finance lease additions | ||||||||
381 | -3,541 | 220 | 105 | 210 | 622 | 0 | 0 | 34 |
Net change of deferred tax asset from step-up in basis | ||||||||
3,199 | 2,864 | 3,424 | 2,955 | 3,138 | 1,261 | 23,116 | 3,524 | 8,981 |
Income taxes paid | ||||||||
89 | 33 | 19 | 21 | 176 | 149 | 91 | 354 | 46 |
Accrued tax distribution | ||||||||
106 | 683 | -951 | 797 | 257 | 1,253 | 151 | 259 | 434 |
Non cash consideration - Contingent notes | ||||||||
- | - | - | - | - | 0 | 0 | 0 | 6,900 |
Non cash consideration - Guarantee note | ||||||||
- | - | - | - | - | 0 | 0 | 0 | 10,000 |
Non cash consideration - Issuance of Class B common stock and LLC Interests | ||||||||
- | - | - | - | - | 12,973 | 0 | 0 | 90,031 |