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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) attributable to DXP Enterprises, Inc. $ 15,615 $ (26,187)
Less: net loss attributable to non-controlling interest (590) (233)
Net income 15,025 (26,420)
Reconciliation of net income to net cash provided (used in) by operating activities:    
Depreciation 7,380 7,998
Amortization of intangible assets 12,690 9,296
Gain on sale of property and equipment (246) 0
Provision for credit losses (361) 788
Impairment and other charges 0 48,401
Payment of contingent consideration liability in excess of acquisition-date fair value (145) (136)
Fair value adjustment on contingent consideration 0 13
Amortization of debt issuance costs 1,256 1,406
Stock compensation expense 1,354 2,870
Deferred income taxes 6,711 (6,464)
Net change in operating assets and liabilities (20,833) 54,488
Net cash provided by operating activities 22,831 92,240
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property and equipment (2,984) (6,530)
Proceeds from the sale of property and equipment 1,297 123
Acquisition of business, net of cash acquired (64,610) (14,118)
Net cash used in investing activities (66,297) (20,525)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Principal debt payments (2,475) (26,875)
Issuance of Common Stock- shares sold in public market 0 1,142
Payment for contingent consideration liability (955) (1,864)
Dividends paid (68) (68)
Debt issuance costs 0 (138)
Purchase of treasury stock (8,769) 0
Payment for employee taxes withheld from stock awards (637) (139)
Net cash used in financing activities (12,904) (27,942)
Effect of foreign currency on cash 85 (721)
Net change in cash and restricted cash (56,285) 43,052
Cash and restricted cash at beginning of period 119,419 54,326
Cash and restricted cash at end of period 63,134 97,378
Supplemental schedule of non-cash investing and financing activities:    
Shares issued for acquisitions (Note 12) 11,140 0
Share repurchase agreement $ 20,405 $ 0