| Mar'19 | Mar'18 | Mar'17 | Mar'16 | Mar'15 | Mar'14 | Mar'13 | Mar'12 | Mar'11 |
|---|---|---|---|---|---|---|---|---|
Operating activities | ||||||||
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | ||||||||
23,169 | 13,219 | 14,984 | 23,650 | 49,386 | 25,799 | 26,974 | 12,030 | -14,940 |
Adjustment to reconcile net income to net cash provided by (used in) operating activities: | ||||||||
Depreciation and amortization | ||||||||
29,965 | 24,420 | 17,832 | 17,409 | 14,143 | 14,178 | 13,831 | 13,971 | 27,538 |
Amortization of deferred debt issuance costs | ||||||||
1,756 | 1,657 | 390 | 732 | 464 | 4,572 | 3,321 | 4,127 | 3,948 |
Amortization of inventory step-up | ||||||||
170 | 869 | 0 | 0 | - | - | - | - | - |
Loss on extinguishment of debt | ||||||||
0 | -376 | 0 | 0 | - | - | - | - | - |
Stock compensation expense | ||||||||
4,148 | 3,519 | 3,402 | 3,749 | 3,295 | 2,203 | 1,341 | 6,514 | 1,939 |
Impairment of acquisition related to goodwill and intangibles | ||||||||
- | - | - | 1,713 | 0 | 0 | - | - | - |
Deferred income taxes | ||||||||
-5,552 | -11,337 | -3,262 | -4,090 | -7,164 | -4,429 | -1,919 | -4,947 | -8,393 |
Long term cross currency swap | ||||||||
-3,313 | 1,540 | 0 | 0 | - | - | - | - | - |
Reserve (release) for uncertain tax positions | ||||||||
1,136 | 0 | -128 | -1,312 | 0 | 0 | - | - | - |
Premiums paid on redemptions, included as financing activities | ||||||||
- | - | - | - | - | -15,485 | 0 | -3,825 | 0 |
Loss on disposition of property, plant and equipment | ||||||||
- | - | - | - | - | - | - | - | -1,101 |
Remeasurement loss/(gain) on intercompany balances | ||||||||
4,147 | -773 | 152 | 510 | 1,833 | -177 | 551 | 721 | -287 |
Changes in operating assets and liabilities: | ||||||||
Accounts receivable | ||||||||
14,541 | 13,818 | 5,212 | -5,211 | 12,242 | -2,894 | 7,120 | 11,435 | -2,294 |
Inventories | ||||||||
3,432 | 9,059 | -6,579 | -1,637 | 6,862 | 3,500 | -3,389 | 8,189 | 5,403 |
Contract assets | ||||||||
11,990 | 6,067 | -2,599 | 350 | 3,512 | -648 | 1,807 | 478 | 365 |
Other current and non-current assets | ||||||||
370 | 1,627 | 527 | 2,125 | 841 | -1,477 | -611 | -1,591 | 2,113 |
Accounts payable | ||||||||
-21 | 2,003 | -4,608 | 1,006 | -297 | -3,157 | 4,895 | -1,292 | 7,253 |
Accrued liabilities and non-current liabilities | ||||||||
4,076 | 13,950 | -3,173 | -594 | 8,396 | -11,069 | -3,354 | -3,549 | 19,175 |
Income taxes payable and receivable | ||||||||
-6,121 | 4,041 | -2,545 | 774 | 5,132 | 1,190 | 657 | -9,777 | 7,215 |
Net cash provided by (used in) operating activities | ||||||||
23,227 | 22,913 | 26,483 | 47,920 | 51,731 | 46,114 | 41,370 | 3,112 | 38,962 |
Investing activities | ||||||||
Payments to Acquire Property, Plant, and Equipment | ||||||||
12,036 | 10,008 | 8,370 | 12,581 | 6,075 | 3,367 | 6,264 | 8,883 | 1,702 |
Sales of rental equipment | ||||||||
981 | 936 | 350 | 2,193 | 0 | - | - | - | - |
Proceeds from the sale of property, plant and equipment | ||||||||
33 | 13 | 811 | 0 | 0 | 0 | - | - | - |
Cash paid for acquisitions, net of cash acquired | ||||||||
0 | 202,693 | 0 | 31,180 | 3,890 | 0 | 289 | 685 | 2,962 |
Purchase of investments | ||||||||
0 | 8,123 | 44,786 | 0 | 0 | - | - | - | - |
Proceeds from the sale of investments | ||||||||
-952 | -53,406 | 0 | 0 | - | - | - | - | - |
Cash paid to settle the CHS Transactions | ||||||||
- | - | - | - | - | 2,055 | - | - | - |
Other investing activities | ||||||||
- | - | - | - | - | - | - | - | 493 |
Net cash used in investing activities | ||||||||
-10,070 | -166,469 | -51,995 | -41,568 | -9,965 | -5,422 | -6,553 | -9,568 | -316,605 |
Financing activities | ||||||||
Proceeds from revolving credit facility | ||||||||
33,241 | 10,000 | 0 | 0 | - | - | 0 | -2,063 | 0 |
Proceeds from senior secured notes | ||||||||
0 | 250,000 | 0 | 0 | - | 135,000 | 0 | 0 | 210,000 |
Payments on senior secured notes | ||||||||
- | - | - | - | - | 118,145 | 21,000 | 70,855 | 0 |
Repayments of Long-term Debt | ||||||||
40,323 | 116,000 | 13,500 | 13,500 | 13,500 | 13,500 | 0 | 0 | -2,063 |
Lease financing | ||||||||
205 | 264 | 257 | 235 | 186 | -59 | 0 | - | - |
Purchase of shares from non-controlling interests | ||||||||
0 | 9,698 | 0 | 341 | 290 | 1,728 | 248 | - | 0 |
Purchase of shares from non-controlling interests | ||||||||
5,665 | 0 | 0 | - | - | - | - | - | - |
Distribution to non-controlling interest | ||||||||
947 | 0 | 0 | - | - | - | - | - | - |
Proceeds from Initial Public Offering, net of transaction costs | ||||||||
- | - | - | - | - | - | - | 48,459 | 0 |
Issuance costs associated with debt financing | ||||||||
- | - | - | - | - | - | - | 0 | -15,249 |
Capital contributions | ||||||||
- | - | - | - | - | - | - | - | 129,252 |
Proceeds from exercise of stock options | ||||||||
396 | 383 | 168 | 240 | 547 | 3,340 | 5,558 | 3,432 | 250 |
Loss from excess tax deduction from option exercises | ||||||||
0 | 0 | -448 | 92 | 1,592 | -118 | 4,131 | 2,181 | 0 |
Repurchase of employee stock units on vesting | ||||||||
598 | 481 | 621 | 1,265 | 0 | 0 | - | - | - |
Payments on finance leases | ||||||||
- | - | - | - | - | - | - | 0 | - |
Premium paid on redemption of senior secured notes | ||||||||
- | - | - | - | - | -15,485 | -630 | -3,825 | - |
Net cash used in financing activities | ||||||||
-14,101 | 133,940 | -14,658 | -15,009 | -11,837 | -10,577 | -12,189 | -22,671 | 326,316 |
Effect of exchange rate changes on cash, cash equivalents and restricted cash | ||||||||
-1,542 | 1,651 | -1,516 | -547 | -8,795 | -1,321 | -249 | -671 | 2,593 |
Effect of exchange rate changes on cash, cash equivalents and restricted cash | ||||||||
-2,486 | -7,965 | -41,686 | -9,204 | 21,134 | 28,794 | 22,379 | -29,798 | 51,266 |
Interest | ||||||||
13,959 | 7,348 | 3,085 | 3,366 | 4,057 | 10,138 | 12,734 | 19,022 | 10,370 |
Income taxes paid | ||||||||
22,260 | 7,728 | 9,280 | 15,652 | 17,262 | 11,098 | 10,639 | 17,723 | 5,605 |
Income tax refunds received | ||||||||
900 | 818 | 0 | 121 | 3,577 | 2,004 | 207 | 512 | -1,172 |