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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ 28,955 $ (27,578)
Adjustments to reconcile net income (loss) to net cash provided by operations:    
Depreciation and amortization expense 35,705 41,813
Non-cash operating lease costs 5,766 11,240
Deferred income taxes - net 907 598
Loss on extinguishment of debt 12,403 0
Amortization of deferred financing costs 2,512 2,764
Loss on interest rate swaps upon discontinuing hedge accounting 0 3,746
Equity in earnings of joint ventures (2,891) (1,574)
Stock-based incentive compensation expense 3,730 1,418
Other adjustments 261 (769)
Changes in operating assets and liabilities:    
Accounts receivable, net (9,866) 4,194
Inventories (14,651) (33,239)
Prepaid expenses and other current assets 4,627 1,199
Accounts payable 26,532 36,422
Accrued compensation and employee benefits (907) 1,977
Accrued expenses and other current liabilities 6,425 13,767
Operating lease liabilities (8,277) (9,382)
Other noncurrent assets and liabilities 803 6,794
Net cash provided by operating activities 92,034 53,390
CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisition of property and equipment (6,808) (9,269)
Other investing cash flows 0 541
Business acquisitions, net of cash acquired (18,852) 0
Net cash used in investing activities (25,660) (8,728)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Exercise of stock options, vesting of restricted stock, and related tax withholdings (78) (645)
Proceeds from issuance of debt 355,200 0
Repayments of debt (5,888) (4,625)
Retirement of debt (352,009) 0
Deferred financing costs (2,880) 0
Debt prepayment fees (2,458) 0
Other financing cash flows 0 11,651
Net cash (used in) provided by financing activities (8,113) 6,381
NET INCREASE IN CASH AND CASH EQUIVALENTS 58,261 51,043
Cash and cash equivalents - beginning of the period 99,265 67,056
CASH AND CASH EQUIVALENTS - END OF PERIOD 157,526 118,099
Supplemental disclosure of cash flow information:    
Cash paid for interest 37,405 53,199
Cash paid for income taxes 1,168 1,887
Cash paid for operating leases $ 12,909 $ 13,388