| Dec'19 | Dec'18 | Dec'17 | Dec'15 | |||
|---|---|---|---|---|---|---|
Operating activities | ||||||
Net income | ||||||
77,565 | 81,426 | 258,108 | - | |||
Depreciation and amortization | ||||||
43,334 | 41,411 | 38,170 | - | |||
Impairment of property, goodwill and intangibles | ||||||
1,505 | 4,717 | 1,003 | - | |||
Non-cash loss on debt modification | ||||||
-531 | 0 | -1,453 | - | |||
Debt discount (premium) amortization | ||||||
-747 | -1,079 | -925 | - | |||
Tax receivable agreement remeasurement and gain on buyout | ||||||
185 | -14,237 | -50,222 | - | |||
Non-cash lease expense | ||||||
1,414 | 0 | 0 | - | |||
Gain on foreign currency contract | ||||||
7,100 | 0 | 0 | - | |||
Share-based compensation | ||||||
9,231 | 5,600 | 7,413 | - | |||
Deferred taxes | ||||||
14,121 | 10,255 | -81,270 | - | |||
Loss on sale of assets | ||||||
-471 | -253 | -11 | - | |||
Change in operating assets and liabilities, net of acquisitions and dispositions: | ||||||
Change in operating assets and liabilities, net of acquisitions and dispositions: | ||||||
Accounts receivable | ||||||
2,570 | 3,667 | 11,775 | - | |||
Inventories | ||||||
12,477 | -3,569 | 3,901 | - | |||
Prepaids and other current assets | ||||||
-265 | 510 | 3,039 | - | |||
Accounts payable and accrued expenses | ||||||
14,072 | 14,418 | 4,839 | - | |||
Customer trade allowances | ||||||
4,202 | 1,499 | 3,820 | - | |||
Net cash provided by operating activities | ||||||
143,974 | 143,655 | 163,685 | - | |||
Investing activities | ||||||
Purchases of property and equipment | ||||||
34,875 | 44,585 | 32,913 | - | |||
Acquisition of business, net of cash acquired | ||||||
0 | 23,160 | 0 | - | |||
Proceeds from sale of business, net of cash | ||||||
63,345 | 0 | 0 | - | |||
Proceeds from sale of assets | ||||||
0 | 639 | 85 | - | |||
Acquisition and development of software assets | ||||||
5,609 | 3,839 | 2,381 | - | |||
Net cash used in investing activities | ||||||
22,861 | -70,945 | -35,209 | - | |||
Financing activities | ||||||
Repayments of long-term debt and lease obligations | ||||||
9,894 | 10,105 | 5,144 | - | |||
Debt refinancing costs | ||||||
7,433 | 0 | 1,066 | - | |||
Distributions to non-controlling interest | ||||||
6,658 | 9,551 | 12,985 | - | |||
Tax payments related to issuance of shares to employees | ||||||
1,431 | 1,025 | 436 | - | |||
Payments on tax receivable agreement | ||||||
2,732 | 41,353 | 0 | - | |||
Proceeds from the exercise of warrants | ||||||
23 | 0 | 1 | 0 | |||
Net cash provided by (used in) financing activities | ||||||
-28,125 | -62,034 | -19,630 | - | |||
Net increase (decrease) in cash and cash equivalents | ||||||
138,710 | 10,676 | 108,846 | - | |||
Supplemental Disclosures of Cash Flow Information: | ||||||
Cash paid during the period for: | ||||||
Interest | ||||||
43,986 | 37,617 | 45,431 | - | |||
Net taxes refunded | ||||||
1,840 | 3,422 | 16,617 | - | |||
Supplemental disclosure of non-cash investing | ||||||
Supplemental disclosure of non-cash investing: | ||||||
Accrued capital expenditures | ||||||
2,910 | 7,858 | 1,089 | - | |||