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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ 64,204,000 $ 28,955,000
Adjustments to reconcile net income to net cash provided by operations:    
Depreciation and amortization expense 33,249,000 35,705,000
Non-cash operating lease costs 9,988,000 5,766,000
Deferred income taxes - net 24,777,000 907,000
Loss on extinguishment of debt 0 12,403,000
Amortization of deferred financing costs 2,117,000 2,512,000
Equity in earnings of joint ventures (2,593,000) (2,891,000)
Stock-based incentive compensation expense 8,576,000 3,730,000
Capital distribution from equity method investments 1,000,000 0
Other adjustments 506,000 261,000
Changes in operating assets and liabilities:    
Accounts receivable, net (22,950,000) (9,866,000)
Inventories (48,671,000) (14,651,000)
Prepaid expenses and other current assets (5,235,000) 4,627,000
Accounts payable 100,924,000 26,532,000
Accrued compensation and employee benefits (26,384,000) (907,000)
Accrued expenses and other current liabilities 18,900,000 6,425,000
Operating lease liabilities (11,032,000) (8,277,000)
Other noncurrent assets and liabilities (10,422,000) 803,000
Net cash provided by operating activities 136,954,000 92,034,000
CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisition of property and equipment (10,055,000) (6,808,000)
Business acquisitions, net of cash acquired (59,897,000) (18,852,000)
Net cash used in investing activities (69,952,000) (25,660,000)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Exercise of stock options, vesting of restricted stock, and related tax withholdings 523,000 (78,000)
Proceeds from warrant exercises 20,098,000 0
Proceeds from issuance of debt 0 355,200,000
Repayments of debt (3,000,000) (5,888,000)
Retirement of debt 0 (352,009,000)
Deferred financing costs 0 (2,880,000)
Debt prepayment fees 0 (2,458,000)
Net cash provided by (used in) financing activities 17,621,000 (8,113,000)
NET INCREASE IN CASH AND CASH EQUIVALENTS 84,623,000 58,261,000
Cash and cash equivalents - beginning of the period 119,423,000 99,265,000
CASH AND CASH EQUIVALENTS - END OF PERIOD 204,046,000 157,526,000
Supplemental disclosure of cash flow information:    
Cash paid for interest 21,793,000 37,405,000
Cash paid for income taxes 4,966,000 1,168,000
Cash paid for operating leases $ 12,435,000 $ 12,909,000