| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | ||
|---|---|---|---|---|---|---|
Cash flows from operating activities | ||||||
Net income | ||||||
156,303 | 150,281 | 66,547 | -8,176 | 21,224 | ||
Reconciliation of net income to net cash provided by operating activities: | ||||||
Depreciation and amortization | ||||||
38,854 | 30,153 | 23,271 | 21,241 | 20,580 | ||
Debt discount and deferred financing cost amortization | ||||||
168 | 275 | 1,752 | 1,777 | 1,913 | ||
Stock-based compensation | ||||||
6,995 | 4,704 | - | 361 | 359 | ||
Provision for bad debts | ||||||
355 | - | -100 | -357 | - | ||
Inventory obsolescence | ||||||
2,552 | 1,451 | 1,259 | 1,851 | 2,343 | ||
Loss on disposal of assets | ||||||
-236 | -886 | -534 | -950 | -402 | ||
Deferred income taxes | ||||||
-25,403 | -15,201 | -220 | -132 | - | ||
Loss on debt extinguishment | ||||||
- | -4,305 | - | 2,251 | 1,640 | ||
Gain from revaluation of liability related to tax receivable agreement | ||||||
5,336 | - | - | - | - | ||
Changes in operating assets and liabilities: | ||||||
Accounts receivable | ||||||
-4,204 | 8,105 | 50,094 | -509 | -12,829 | ||
Inventories | ||||||
17,592 | 38,227 | 28,279 | -4,126 | -10,563 | ||
Prepaid expenses and other assets | ||||||
-438 | 6,509 | 4,012 | -1,080 | -127 | ||
Accounts payable | ||||||
-607 | 7,651 | 19,505 | 5,014 | -18,703 | ||
Accrued expenses and other liabilities | ||||||
6,994 | 5,114 | 4,104 | -2,282 | -4,384 | ||
Payments pursuant to tax receivable agreement | ||||||
-9,335 | - | - | - | - | ||
Net cash provided by operating activities | ||||||
209,632 | 167,180 | 34,707 | 23,975 | 45,927 | ||
Cash flows from investing activities | ||||||
Capital expenditures and other | ||||||
59,703 | 70,053 | 32,082 | 21,721 | 25,281 | ||
Proceeds from sale of assets | ||||||
3,755 | 1,899 | 1,404 | 4,363 | 1,859 | ||
Net cash used in investing activities | ||||||
-55,948 | -68,154 | -30,678 | -17,358 | -23,422 | ||
Cash flows from financing activities | ||||||
Principal payments on long-term debt | ||||||
- | 248,529 | 2,569 | 7,908 | 10,525 | ||
Payment of deferred financing costs | ||||||
- | 840 | - | - | - | ||
Payments on finance leases | ||||||
7,484 | 6,274 | 2,744 | 208 | - | ||
Net proceeds from equity offerings | ||||||
- | 828,168 | - | - | - | ||
Distributions to members | ||||||
8,392 | 31,848 | - | 2,055 | 12,232 | ||
Redemption of CW Units | ||||||
- | 575,681 | - | - | - | ||
Repurchase of shares | ||||||
1,549 | - | - | - | - | ||
Net cash used in financing activities | ||||||
-21,669 | -35,004 | -5,313 | -10,171 | -22,776 | ||
Effect of exchange rate changes on cash and cash equivalents | ||||||
-253 | -755 | 170 | -284 | - | ||
Net increase in cash and cash equivalents | ||||||
131,762 | 63,267 | -1,114 | -3,838 | - | ||
Class A Common Stock | ||||||
Dividends paid to Class A Common Stock shareholders | ||||||
4,244 | - | - | - | - | ||