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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ 10,958 $ (3,154)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 21,400 23,320
Loss on sales and/or abandonment of property and equipment (28) 37
Write-off of certain intangible assets and other long-term assets   3,925
Amortization of right-of-use operating lease assets 3,070 3,134
Fair value adjustments to contingent consideration 402 4,897
Amortization of deferred credits (27) (35)
Amortization of long-term debt issuance costs 151 151
Stock-based compensation expense 3,595 2,777
Changes in operating assets and liabilities, net of acquisitions and divestitures:    
Trade receivables (5,284) 3,445
Other receivables (597) 613
Inventories (3,396) (4,983)
Prepaid expenses and other current assets (1,071) (3,126)
Income tax refund receivables 199 (2,475)
Other assets 80 (577)
Trade payables 4,237 4,340
Accrued expenses 5,393 (1,621)
Income taxes payable (174) 2,109
Deferred compensation payable (581) (789)
Operating lease liabilities (3,151) (2,945)
Other long-term obligations 56 (179)
Total adjustments 24,274 32,018
Net cash provided by operating activities 35,232 28,864
Capital expenditures for:    
Property and equipment (6,171) (13,950)
Intangible assets (692) (1,062)
Proceeds from the sale of property and equipment 873  
Cash received for settlement of current note receivable   250
Cash paid in acquisitions, net of cash acquired (358)  
Net cash used in investing activities (6,348) (14,762)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of common stock 5,520 1,261
Proceeds from issuance of long-term debt 9,694 30,665
Payments on long-term debt (40,569) (24,540)
Contingent payments related to acquisitions (403) (12,754)
Payment of taxes related to an exchange of common stock (488) (866)
Net cash used in financing activities (26,246) (6,234)
EFFECT OF EXCHANGE RATES ON CASH (1,035) (2,108)
NET INCREASE IN CASH AND CASH EQUIVALENTS 1,603 5,760
CASH AND CASH EQUIVALENTS:    
Beginning of period 56,916 44,320
End of period 58,519 50,080
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Interest (net of capitalized interest of $120 and $392, respectively) 1,539 3,198
Income taxes 1,660 1,637
SUPPLEMENTAL DISCLOSURES OF NON-CASH INVESTING AND FINANCING ACTIVITIES    
Property and equipment purchases in accounts payable 1,688 5,383
Current note receivable converted to equity investment   899
Merit common stock surrendered (2 and 39 shares, respectively) in exchange for exercise of stock options 93 1,467
Right-of-use operating lease assets obtained in exchange for operating lease liabilities $ 131 $ 2,800