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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Operating Activities    
Net income $ 18,560 $ 1,993
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, amortization and other 21,054 18,951
Equity-based compensation 6,115 2,143
Accretion of discount on long-term debt 581 737
Amortization of debt issuance costs 130 291
Foreign currency gain (loss) 327 (129)
Changes in operating assets and liabilities:    
Accounts receivable, net 14,357 17,674
Inventory 11,342 14,516
Prepaid expenses and other assets (191) 3,195
Accounts payable (3,395) (32,988)
Income taxes payable (3,437) (232)
Accrued royalties (9,201) (6,175)
Accrued expenses and other liabilities (8,288) 2,165
Net cash provided by operating activities 47,954 22,141
Investing Activities    
Purchase of property and equipment (11,730) (14,117)
Acquisitions of businesses and related intangible assets, net of cash (6,369) (635)
Net cash used in investing activities (18,099) (14,752)
Financing Activities    
Borrowings on line of credit 22,543 161,571
Payments on line of credit (23,383) (130,049)
Debt issuance costs (272)  
Payment of long-term debt (5,875) (17,700)
Proceeds from exercise of equity-based options 1,387  
Distribution to continuing equity owners (18,121) (18,885)
Net cash used in financing activities (23,721) (5,063)
Effect of exchange rates on cash and cash equivalents (135) 838
Net increase in cash and cash equivalents 5,999 3,164
Cash and cash equivalents at beginning of period 13,486 7,728
Cash and cash equivalents at end of period $ 19,485 $ 10,892