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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income (loss) $ 139,898 $ (8,076) $ (75,920)
Adjustments to reconcile net income (loss) to net cash provided by operations:      
Depreciation and amortization expense 68,804 77,896 57,869
Non-cash operating lease costs 15,168 18,814 19,719
Deferred income taxes - net (30,372) 1,196 (4,607)
Loss on sale of assets 767 742 3,269
Loss on extinguishment of debt 13,387 11,545 5,469
Amortization of deferred financing costs 4,998 5,517 4,544
Loss on interest rate swaps upon discontinuing hedge accounting 0 3,746 0
Paid-in-kind interest capitalized as principal 0 7,525 12,256
Equity in earnings of joint ventures (6,030) (3,313) (2,840)
Stock-based incentive compensation expense 9,575 2,920 4,170
Capital distribution from equity method investments 2,900 3,250 500
Change in contingent consideration liability 0 (1,500) (300)
Other adjustments 844 0 (688)
Changes in operating assets and liabilities:      
Accounts receivable, net (4,273) (3,924) 82,285
Inventories (22,700) (42,725) (12,853)
Prepaid expenses and other current assets 1,420 (19,500) (2,940)
Accounts payable (10,381) 59,215 (30,856)
Accrued compensation and employee benefits 23,977 13,134 2,671
Accrued expenses and other current liabilities 18,383 22,809 (317)
Operating lease liabilities (18,496) (18,089) (17,253)
Other noncurrent assets and liabilities 700 (3,790) (4,711)
Net cash provided by operating activities 208,569 127,392 39,467
CASH FLOWS FROM INVESTING ACTIVITIES:      
Acquisition of property and equipment (25,632) (26,875) (28,292)
Proceeds from sale of assets 0 0 10
Insurance proceeds from business casualty loss 0 0 626
Business acquisitions, net of cash acquired (85,909) 0 (700,170)
Other investing cash flows 0 541 0
Net cash used in investing activities (111,541) (26,334) (727,826)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Redemptions to related parties 0 0 (2,000)
Sale of management notes receivable 0 0 1,310
Exercise of stock options, vesting of restricted stock, and related tax withholdings (32) (904) (2,501)
Net proceeds from issuance of common stock 0 118,934 0
Proceeds from debt 855,136 0 981,050
Repayments of debt principal (8,832) (9,250) (2,075)
Retirement of debt obligations (910,345) (174,000) (226,738)
Deferred financing costs (10,339) (149) (30,022)
Debt prepayment fees (2,458) (3,480) 0
Net cash (used in) provided by financing activities (76,870) (68,849) 719,024
NET INCREASE IN CASH AND CASH EQUIVALENTS 20,158 32,209 30,665
Cash and cash equivalents - beginning of the period 99,265 67,056 36,391
CASH AND CASH EQUIVALENTS - END OF PERIOD 119,423 99,265 67,056
Supplemental disclosure of cash flow information:      
Cash paid for interest 60,920 97,640 50,808
Cash paid for income taxes 5,706 2,884 2,405
Cash paid for operating leases $ 26,174 $ 26,809 $ 18,992