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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 attributable to DXP Enterprises, Inc. $ 8,490 $ 8,479
Less: net loss attributable to non-controlling interest (401) (124)
Net income 8,089 8,355
Reconciliation of net income to net cash provided (used in) by operating activities:    
Depreciation 5,132 5,747
Amortization of intangible assets 8,452 6,243
Gain on sale of property and equipment (246) 0
Provision for credit losses (637) 434
Payment of contingent consideration liability in excess of acquisition-date fair value (145) (136)
Fair value adjustment on contingent consideration 0 25
Amortization of debt issuance costs 854 937
Stock compensation expense 840 1,887
Deferred income taxes 1,068 188
Net change in operating assets and liabilities (7,201) 38,084
Net cash provided by operating activities 16,206 61,764
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property and equipment (1,526) (5,133)
Proceeds from the sale of property and equipment 1,297 123
Acquisition of business, net of cash acquired (44,435) (14,153)
Net cash used in investing activities (44,664) (19,163)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Principal debt payments (1,650) (16,250)
Issuance of Common Stock- shares sold in public market 0 1,142
Payment for contingent consideration liability (955) (1,864)
Dividends paid (45) (45)
Purchase of treasury stock (8,769) 0
Payment for employee taxes withheld from stock awards (585) (116)
Net cash used in financing activities (12,004) (17,133)
Effect of foreign currency on cash 303 (1,025)
Net change in cash and restricted cash (40,159) 24,443
Cash and restricted cash at beginning of period 119,419 54,326
Cash and restricted cash at end of period 79,260 78,769
Supplemental schedule of non-cash investing and financing activities:    
Shares issued for the acquisition of CVI (Note 12) 8,859 0
Share repurchase agreement $ 20,405 $ 0