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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income attributable to DXP Enterprises, Inc. $ 7,291 $ 4,551
Less net loss attributable to non-controlling interest (104) (57)
Net income 7,187 4,494
Reconciliation of net income to the net cash used in operating activities:    
Depreciation 2,392 2,356
Amortization of intangible assets 3,814 4,358
Gain on sale of property and equipment (8) 0
Bad debt expense 58 829
Payment of contingent consideration liability in excess of acquisition-date fair value (106) 0
Fair value adjustment on contingent consideration 33 0
Amortization of debt issuance costs 468 462
Stock compensation expense 505 736
Deferred income taxes 722 (179)
Changes in operating assets and liabilities    
Trade accounts receivable (5,035) 3,953
Costs and estimated profits in excess of billings (5,628) (8,642)
Inventories (6,891) (9,107)
Prepaid expenses and other assets 3,389 699
Trade accounts payable and accrued expenses 1,085 (691)
Billings in excess of costs and estimated profits (2,514) (76)
Other long-term liabilities (4,781) 0
Net cash used in operating activities (5,310) (808)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property and equipment (2,312) (791)
Proceeds from the sale of property and equipment 29 0
Acquisition of business, net of cash acquired 0 (9,836)
Net cash used in investing activities (2,283) (10,627)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Principal debt payments (849) (844)
Debt issuance costs 0 (38)
Payment for contingent consideration liability up to acquisition-date fair value (1,394) 0
Dividends paid (23) (23)
Payment for employee taxes withheld from stock awards (44) (54)
Net cash used in financing activities (2,310) (959)
Effect of foreign currency on cash 112 (140)
Net change in cash and restricted cash (9,791) (12,534)
Cash and restricted cash at beginning of period 40,519 25,579
Cash and restricted cash at end of period $ 30,728 $ 13,045