| 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 | ||||||||
-19,261 | -14,302 | -5,808 | 6,890 | 6,370 | 87 | 0 | 0 | 0 |
Adjustments to reconcile net (loss) income to net cash used in operating activities | ||||||||
Depreciation and amortization of intangible assets and loan fees | ||||||||
18,888 | 16,509 | 14,545 | 12,809 | 13,036 | 12,467 | 0 | 0 | 0 |
Foreign exchange loss on liabilities | ||||||||
- | - | - | - | - | -16 | 0 | 0 | 0 |
(Gain) Loss on disposition of property, plant, and equipment | ||||||||
530 | 189 | 74 | 103 | 104 | 90 | 0 | 0 | 0 |
Stock based compensation expense | ||||||||
8,369 | 7,355 | 5,881 | 5,504 | 4,658 | 3,812 | 0 | 0 | 0 |
Deferred tax adjustment | ||||||||
-5,127 | -3,458 | -1,567 | 842 | 724 | -843 | 0 | 0 | 0 |
Contingent note revaluations | ||||||||
- | 7,320 | 6,120 | 3,460 | 2,459 | 3,280 | 0 | 0 | 0 |
Other non-cash activity | ||||||||
-421 | -405 | -146 | -56 | -17 | 334 | 0 | 0 | 0 |
Changes in assets and liabilities | ||||||||
Accounts receivable | ||||||||
53,896 | 14,123 | 32,594 | 33,607 | 5,656 | 14,209 | 0 | 0 | 0 |
Inventories | ||||||||
-11,745 | -30,448 | -272 | 13,520 | 29,738 | 36,610 | 0 | 0 | 0 |
Other assets | ||||||||
2,730 | 1,619 | 890 | -19 | -1,428 | -1,423 | 0 | 0 | 0 |
Accounts payable | ||||||||
2,897 | -7,595 | 5,545 | -9,502 | 10,528 | 15,701 | 0 | 0 | 0 |
Accrued wages payable | ||||||||
1,389 | 2,800 | 3,438 | 2,976 | 1,311 | 1,979 | 0 | 0 | 0 |
Other accrued expenses | ||||||||
261 | -2,718 | -2,682 | 2,495 | 2,823 | 908 | 0 | 0 | 0 |
Net cash (used in) provided by operating activities | ||||||||
-29,574 | 20,833 | -7,668 | -21,624 | 7,819 | -12,413 | 0 | 0 | 0 |
Cash flows from investing activities | ||||||||
Proceeds from disposition of property, plant, and equipment | ||||||||
722 | 340 | 191 | 195 | 219 | 229 | 0 | 0 | 0 |
Purchase of property, plant, and equipment | ||||||||
14,454 | 10,276 | 6,178 | 4,176 | 5,851 | 7,178 | 0 | 0 | 0 |
Business acquisitions (net of cash acquired) | ||||||||
- | - | - | - | - | 93,052 | 0 | 0 | 0 |
Net cash used in investing activities | ||||||||
-198,822 | -195,026 | -192,046 | -4,950 | -6,698 | -100,001 | 0 | 0 | 0 |
Cash flows from financing activities | ||||||||
Proceeds from issuance of long-term debt | ||||||||
923,853 | 818,387 | 771,334 | 562,094 | 509,884 | 538,028 | 0 | 0 | 0 |
Principal payments on long-term debt | ||||||||
716,608 | 676,509 | 632,456 | 582,804 | 533,096 | 466,912 | 0 | 0 | 0 |
Tax Distributions to LLC Owners | ||||||||
328 | 1,686 | 1,671 | 2,289 | 2,323 | 1,485 | 0 | 0 | 0 |
Principal payments on finance lease obligations | ||||||||
1,570 | 1,547 | 1,496 | 1,430 | 1,383 | 1,254 | 0 | 0 | 0 |
Payment of deferred financing fees and debt discount | ||||||||
- | 5,790 | 5,437 | 187 | 187 | 2,750 | 0 | 0 | 0 |
Tax withholding payments on Restricted Stock Units | ||||||||
0 | - | - | - | - | - | - | - | - |
Exercise of options and RSU withholdings to purchase common stock | ||||||||
3,005 | 2,318 | 0 | 0 | 0 | - | - | - | - |
Net cash provided by financing activities | ||||||||
202,349 | 135,059 | 205,776 | 51,525 | 48,553 | 140,970 | 0 | 0 | 0 |
Net change in cash and cash equivalents | ||||||||
-26,047 | -39,134 | 6,062 | 24,951 | 49,674 | 28,556 | 0 | 0 | 0 |
Effect of exchange rate changes on cash and cash equivalents | ||||||||
-212 | 46 | -89 | -59 | -21 | -92 | 0 | 0 | 0 |
Supplemental cash flow information | ||||||||
Interest paid | ||||||||
15,275 | 13,632 | 11,563 | 8,570 | 8,535 | 7,220 | 0 | 0 | 0 |
Net change in property, plant, and equipment acquired through accounts payable | ||||||||
-1,082 | -1,814 | -380 | 294 | 485 | 25 | 0 | 0 | 0 |
Finance lease additions | ||||||||
-2,835 | -3,006 | 1,157 | 937 | 832 | 656 | 0 | 0 | 0 |
Net change of deferred tax asset from step-up in basis | ||||||||
12,442 | 12,381 | 10,778 | 30,470 | 31,039 | 36,882 | 0 | 0 | 0 |
Income taxes paid | ||||||||
162 | 249 | 365 | 437 | 770 | 640 | 0 | 0 | 0 |
Accrued tax distribution | ||||||||
635 | 786 | 1,356 | 2,458 | 1,920 | 2,097 | 0 | 0 | 0 |
Non cash consideration - Contingent notes | ||||||||
- | - | - | - | - | 6,900 | 0 | 0 | 0 |
Non cash consideration - Guarantee note | ||||||||
- | - | - | - | - | 10,000 | 0 | 0 | 0 |
Non cash consideration - Issuance of Class B common stock and LLC Interests | ||||||||
- | - | - | - | - | 103,004 | 0 | 0 | 0 |