| 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 | ||||||||||
43,688 | 53,933 | 39,839 | 23,747 | 23,552 | 16,405 | 26,819 | 8,955 | -16,898 | -14,495 | -9,417 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||
Depreciation | ||||||||||
18,900 | 14,200 | 13,100 | 9,577 | 7,008 | 4,534 | 4,622 | 5,731 | 7,590 | 9,180 | 10,435 |
Amortization | ||||||||||
15,856 | 10,225 | 6,477 | 6,096 | 3,413 | 1,446 | 6,458 | 6,502 | 6,502 | 6,028 | 5,731 |
Provision for allowance for doubtful accounts | ||||||||||
1,553 | 1,984 | 576 | 81 | -131 | -535 | 29 | 37 | 880 | 1,678 | 1,722 |
Stock-based compensation, including special employee grant | ||||||||||
3,900 | 3,400 | 1,900 | 1,769 | 1,774 | 1,214 | 970 | 1,363 | 1,773 | 2,286 | 518 |
Amortization of deferred financing costs and debt discount | ||||||||||
1,674 | 7,790 | 4,642 | 6,779 | 1,014 | 3,533 | 1,660 | 857 | 1,233 | 773 | 561 |
Debt extinguishment costs | ||||||||||
1,512 | 3,375 | - | 3,431 | - | - | - | - | - | - | - |
Derivative financial instruments | ||||||||||
- | - | - | - | -126 | -669 | 16 | -136 | -37 | - | - |
Deferred income taxes | ||||||||||
4,410 | -4,962 | -9,066 | 6,277 | 5,993 | 3,329 | -3,460 | -82 | -2,324 | - | -1,813 |
Excess tax benefits on stock-based compensation | ||||||||||
- | - | - | 1,872 | 3,840 | 6,064 | 396 | - | - | - | - |
Fair value adjustment to contingent consideration | ||||||||||
- | - | - | 3,000 | - | - | - | - | - | - | - |
Tax benefit on exercised stock options | ||||||||||
- | - | - | - | - | - | - | 0 | - | - | - |
Impairment charges | ||||||||||
- | - | - | - | - | - | - | - | 5,959 | 5,561 | 742 |
Gains on sales of assets | ||||||||||
-143 | 2,703 | 452 | 45 | -10 | - | 2,186 | 266 | 996 | 5 | -98 |
Change in operating assets and liabilities (net of effects of acquisition): | ||||||||||
Accounts receivable | ||||||||||
-12,682 | 17,681 | 17,922 | 7,069 | 7,263 | 642 | 8,234 | 667 | 1,560 | 2,754 | -3,011 |
Inventories | ||||||||||
-815 | -88 | 7,305 | 152 | 3,083 | 3,834 | 1,379 | -73 | 1,068 | 661 | 351 |
Prepaid expenses and other current assets | ||||||||||
4,429 | -4,214 | 1,024 | -2,215 | 1,786 | 1,628 | 1,267 | -87 | -367 | -4,562 | 2,973 |
Accounts payable, accrued and other liabilities | ||||||||||
-19,487 | 26,435 | 18,261 | 1,962 | 5,669 | 3,823 | 2,111 | 462 | -3,167 | 188 | 1,240 |
Net cash provided by operating activities | ||||||||||
81,216 | 100,306 | 49,025 | 46,365 | 32,456 | 22,250 | 25,731 | 23,188 | -1,672 | 12,341 | 9,504 |
Cash flows from investing activities: | ||||||||||
Purchases of property, plant and equipment | ||||||||||
31,268 | 29,769 | 17,818 | 17,694 | 17,391 | 19,301 | 7,550 | 3,792 | 3,496 | 3,197 | 2,330 |
Business acquisition | ||||||||||
- | 354,584 | - | 101,338 | - | 110,438 | - | - | - | - | 1,452 |
Acquisition of intangible assets | ||||||||||
- | - | - | - | - | - | - | - | 200 | 2,597 | - |
Net change in margin account for derivative financial instruments | ||||||||||
- | - | - | - | - | - | - | - | -250 | 250 | -4,098 |
Proceeds from sales of assets | ||||||||||
71 | 5,957 | 3,089 | 45 | - | - | 7,478 | 454 | 1,672 | 46 | 79 |
Net cash used in investing activities | ||||||||||
-31,197 | -378,396 | -14,729 | -118,987 | -17,391 | -129,739 | -72 | -3,338 | -1,774 | -5,998 | 395 |
Cash flows from financing activities: | ||||||||||
Proceeds from issuance of senior notes | ||||||||||
- | 315,000 | - | - | - | - | - | - | - | - | - |
Proceeds from issuance of common stock, net of issuance costs | ||||||||||
- | 152,503 | - | - | - | - | - | - | - | 27,257 | -6 |
Payments of long-term debt | ||||||||||
64,138 | 160,294 | 40,132 | 203,525 | 2,000 | 79,500 | 38,500 | 8,000 | 52,500 | 18,000 | 22,000 |
Payments of financing costs | ||||||||||
854 | 12,066 | - | 7,178 | - | 5,466 | 3,583 | 143 | 3,013 | 897 | - |
Proceeds from issuance of long-term debt | ||||||||||
64,000 | - | - | 261,030 | - | 198,000 | 80,000 | - | 48,000 | - | - |
Payments of capital leases | ||||||||||
- | - | - | - | - | - | - | 50 | 113 | 105 | 98 |
Purchases of treasury stock under repurchase program | ||||||||||
5,550 | - | - | 2,847 | 44 | 1,025 | 56,091 | 3,946 | - | 3 | 6 |
Purchases of treasury stock relating to tax withholdings on employee equity awards | ||||||||||
505 | 687 | 284 | - | - | - | - | - | - | - | - |
Proceeds from exercise of stock options | ||||||||||
1,562 | 2,239 | 941 | 981 | 2,192 | 1,691 | 3,580 | 92 | - | - | - |
Proceeds from issuance of common stock under employee stock purchase plan | ||||||||||
59 | 30 | 29 | - | - | - | - | - | - | - | - |
Excess tax benefits on stock-based compensation | ||||||||||
- | - | - | 1,872 | 3,840 | 6,064 | 396 | - | - | - | - |
Other | ||||||||||
- | -14 | -31 | -30 | -29 | -10 | - | - | - | - | - |
Net cash provided by (used in) financing activities | ||||||||||
-5,426 | 296,711 | -39,477 | 50,339 | 3,959 | 119,754 | -14,198 | -12,047 | -7,626 | 8,252 | -22,110 |
Net decrease in cash and cash equivalents | ||||||||||
44,593 | 18,621 | -5,181 | -22,283 | 19,024 | 12,265 | 11,461 | 7,803 | -11,072 | 14,595 | -12,211 |
Supplemental cash flow information: | ||||||||||
Interest paid | ||||||||||
24,455 | 11,145 | 16,329 | 16,015 | 11,502 | 2,216 | 2,662 | 2,767 | 2,411 | 3,991 | 6,224 |
Income tax payments, net of refunds | ||||||||||
11,862 | 19,546 | 46 | 2,231 | 6,808 | 1,198 | 135 | 200 | - | -3,662 | -1,062 |
Non-cash activity: | ||||||||||
Establish right-of-use asset, net of straight-line rent | ||||||||||
31,332 | - | - | - | - | - | - | - | - | - | - |
Establish operating lease liability | ||||||||||
-33,072 | - | - | - | - | - | - | - | - | - | - |
Reclassification of accounts receivable to notes receivable | ||||||||||
4,401 | 1,161 | 286 | - | - | - | - | - | - | - | - |
Financed purchase of software license | ||||||||||
- | - | 590 | - | - | - | - | - | - | - | - |
Contingent consideration reversed out of accrued liabilities | ||||||||||
- | - | - | 3,000 | - | - | - | - | - | - | - |
Property, plant and equipment additions in accounts payable | ||||||||||
449 | 197 | 111 | 251 | 723 | 489 | 248 | - | - | - | - |
Employees Stock Purchase Plan [Member] | ||||||||||
Proceeds from issuance of common stock, net of issuance costs | ||||||||||
- | - | - | 36 | - | - | - | - | - | - | - |