| Mar'19 | Mar'18 | Apr'17 | Mar'17 | Feb'16 | Feb'15 | Feb'14 | Feb'13 | Feb'12 |
|---|---|---|---|---|---|---|---|---|
Operating activities | ||||||||
Net income | ||||||||
- | - | - | 14,953 | 5,142 | - | - | - | - |
Net income | ||||||||
21,680 | 19,428 | 14,953 | - | - | 22,673 | 8,166 | -130 | -30,671 |
Adjustments to reconcile net income to net cash (used in) provided by operating activities: | ||||||||
Depreciation and amortization | ||||||||
36,305 | 37,922 | 37,124 | 37,124 | 34,230 | 31,011 | 30,353 | 29,550 | 27,451 |
Stock-based compensation | ||||||||
2,846 | 2,026 | 1,989 | 1,989 | 1,556 | 1,289 | 15,137 | 283 | - |
Excess tax provision (benefit) from stock-based compensation | ||||||||
- | - | - | - | - | - | 70 | - | - |
Gain on disposal of assets | ||||||||
63 | -278 | -57 | -57 | -61 | 3,487 | -206 | -88 | -210 |
Loss on extinguishment of debt | ||||||||
-2,082 | -2,369 | - | - | - | - | - | - | - |
Deferred tax benefit | ||||||||
-1,563 | -25,545 | -96 | -96 | 859 | 1,423 | -5,791 | -7,906 | -3,396 |
Noncash refinancing expense | ||||||||
- | - | - | - | - | - | 851 | 4,843 | - |
Non-cash interest | ||||||||
2,351 | 2,664 | 1,921 | 1,921 | 1,940 | 1,956 | 1,857 | 1,462 | 1,276 |
Trade name impairment | ||||||||
- | - | - | - | - | - | - | 15,533 | 47,037 |
Other | ||||||||
-60 | 227 | -29 | -29 | 401 | -500 | 5 | 203 | 466 |
Changes in operating assets and liabilities: | ||||||||
Accounts receivable | ||||||||
1,395 | -3,192 | 5,861 | 5,861 | 5,338 | -4,137 | 6,565 | 4,501 | 751 |
Inventory | ||||||||
14,688 | -8,406 | 19,598 | 19,598 | 1,929 | 2,668 | 3,553 | 10,802 | 6,491 |
Prepaid expenses and other assets | ||||||||
-1,510 | 2,133 | -4,028 | -4,028 | -487 | -4,705 | 3,974 | 6,353 | -547 |
Accounts payable and accrued liabilities | ||||||||
13,622 | 6,249 | 10,965 | 10,965 | 5,840 | 5,562 | 5,613 | 16,488 | 5,757 |
Income taxes | ||||||||
-2,428 | 625 | 3,527 | 3,527 | -1,330 | -2,582 | 1,648 | 296 | -1,881 |
Other noncurrent liabilities | ||||||||
-5,303 | 6,468 | -4,341 | -4,341 | 388 | 1,106 | 6,722 | 6,792 | 2,649 |
Net cash (used in) provided by operating activities | ||||||||
54,896 | 62,176 | 44,639 | 44,639 | 42,307 | - | - | - | - |
Investing activities | ||||||||
Net cash provided by (used in) operating activities | ||||||||
- | - | - | - | - | 64,625 | 50,605 | 45,846 | 42,203 |
Additions to property and equipment | ||||||||
33,670 | 27,646 | 28,515 | 28,515 | 46,431 | 48,740 | 48,408 | 49,219 | 40,953 |
Proceeds from investment grant | ||||||||
- | - | - | - | 479 | - | - | - | - |
Proceeds from sale of subsidiary, net | ||||||||
- | - | - | - | - | 3,846 | - | - | - |
Acquisition of a business, excluding cash acquired | ||||||||
- | - | - | - | - | - | - | - | 274 |
Proceeds from sale of property and equipment | ||||||||
899 | 96 | 7 | 7 | 202 | 950 | 739 | 314 | 24 |
Net cash used in investing activities | ||||||||
-32,771 | -27,550 | -28,508 | -28,508 | -45,750 | - | - | - | - |
Financing activities | ||||||||
Net cash used in investing activities | ||||||||
- | - | - | - | - | -43,944 | -47,669 | -48,905 | -41,203 |
Borrowings on revolving lines of credit | ||||||||
55,201 | 47,486 | 42,731 | 42,731 | 55,872 | 74,411 | 66,787 | 75,830 | 99,818 |
Payments on revolving lines of credit | ||||||||
49,484 | 47,486 | 46,216 | 46,216 | 57,935 | 85,474 | 64,365 | 73,722 | 92,904 |
Borrowings on long-term debt | ||||||||
331,500 | 335,000 | 30,000 | 30,000 | 33,000 | 34,389 | 126,000 | 290,000 | 3,164 |
Payments on long-term debt | ||||||||
356,712 | 361,403 | 40,496 | 40,496 | 38,246 | 36,591 | 76,260 | 304,727 | - |
Payment of debt issuance costs | ||||||||
2,384 | 11,246 | - | - | 266 | - | 3,662 | 9,842 | - |
Payments on long-term debt | ||||||||
- | - | - | - | - | - | - | - | 9,895 |
Payment of taxes with shares withheld upon restricted stock vesting | ||||||||
128 | 39 | - | - | - | - | - | - | - |
Proceeds from issuance of common stock, net | ||||||||
- | - | - | - | - | - | 237,013 | - | - |
Payment of distributions to preferred shareholders | ||||||||
- | - | - | - | - | - | 295,826 | - | - |
Purchase of treasury shares | ||||||||
- | - | - | - | - | - | 53 | 201 | 16 |
Proceeds from the exercise of stock options | ||||||||
- | - | - | - | 59 | 738 | 322 | - | - |
Net cash provided by financing activities | ||||||||
-22,007 | -37,688 | -13,981 | -13,981 | -7,516 | - | - | - | - |
Excess tax benefit from stock-based compensation | ||||||||
- | - | - | - | - | - | 70 | - | - |
Reissuance of treasury shares | ||||||||
- | - | - | - | - | - | - | 20 | - |
Net cash (used in) provided by financing activities | ||||||||
- | - | - | - | - | -12,527 | -9,974 | -22,642 | 167 |
Effect of exchange rate changes on cash | ||||||||
-1,153 | 725 | -223 | -223 | -426 | -1,206 | -267 | -111 | 240 |
Net increase in cash | ||||||||
-1,035 | -2,337 | 1,927 | 1,927 | -11,385 | - | - | - | - |
Net increase in cash | ||||||||
- | - | - | - | - | 6,948 | -7,305 | - | - |
Net decrease in cash | ||||||||
- | - | - | - | - | - | - | -25,812 | 1,407 |
Interest | ||||||||
24,934 | 22,119 | 14,656 | 14,656 | 14,850 | - | - | - | - |
Interest | ||||||||
- | - | - | - | - | 15,255 | 20,339 | 17,853 | 24,163 |
Taxes | ||||||||
11,838 | 4,740 | 7,651 | 7,651 | 891 | 7,192 | 5,498 | 2,028 | 3,371 |
Supplemental information for non-cash investing and financing activities: | ||||||||
Purchases of property and equipment (included in accounts payable) | ||||||||
1,029 | 741 | 138 | 138 | 1,386 | 4,918 | 4,616 | 2,370 | - |
Capital lease obligation incurred | ||||||||
284 | 215 | 691 | 691 | 541 | 513 | - | - | - |
Exchange of outstanding preferred shares for common shares | ||||||||
- | - | - | - | - | - | 551,145 | - | - |