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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income attributable to DXP Enterprises, Inc. $ 340 $ 5,710
Less: net loss attributable to non-controlling interest (212) (62)
Net income 128 5,648
Reconciliation of net income to net cash provided (used in) by operating activities:    
Depreciation 2,480 2,828
Amortization of intangible assets 4,146 3,197
Gain on sale of property and equipment (246) 0
Provision for credit losses (682) 28
Fair value adjustment on contingent consideration 0 13
Amortization of debt issuance costs 427 468
Stock compensation expense 380 904
Deferred income taxes 459 928
Changes in operating assets and liabilities:    
Trade accounts receivable (2,245) (5,183)
Costs and estimated profits in excess of billings 4,052 (3,381)
Inventories (6,310) (2,215)
Prepaid expenses and other assets (7,293) (1,933)
Trade accounts payable and accrued expenses 10,115 6,048
Billings in excess of costs and estimated profits 1,884 (7,327)
Other long-term liabilities 3,257 (1,635)
Net cash provided by (used in) operating activities 10,552 (1,612)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property and equipment (680) (3,235)
Proceeds from the sale of property and equipment 1,297 0
Acquisition of business, net of cash acquired 0 (14,153)
Net cash provided by (used in) investing activities 617 (17,388)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Principal debt payments (825) (625)
Dividends paid (23) (23)
Payment for employee taxes withheld from stock awards (517) (94)
Net cash used in financing activities (1,365) (742)
Effect of foreign currency on cash 204 (1,730)
Net change in cash and restricted cash 10,008 (21,472)
Cash and restricted cash at beginning of period 117,444 54,326
Cash and restricted cash at end of period $ 127,452 $ 32,854