XML 17 R6.htm IDEA: XBRL DOCUMENT v3.21.2
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) $ 26,477 $ (102,906)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities    
Depreciation 19,593 18,656
Amortization of intangibles 17,228 16,484
Net gain on sale of property, plant and equipment and business divestiture (1,447) (1,669)
Loss on debt extinguishment 452 219
Deferred income taxes (1,756) (753)
Stock-based compensation 5,889 2,278
Impairment 817 107,114
Non-cash interest expense 882 807
Accounts receivable (118,176) 68,095
Inventories (96,818) (14,596)
Prepaid expenses and other 1,054 (3,086)
Accounts payable and accrued liabilities 65,424 20,128
Other, net 6,152 (3,672)
Net cash (used in) provided by operating activities (74,229) 107,099
Cash flows from investing activities    
Capital expenditures (20,192) (13,719)
Proceeds from the sale of assets and business divestiture 21,967 2,726
Net cash provided by (used in) investing activities 1,775 (10,993)
Cash flows from financing activities    
Proceeds from exercise of stock options 1,949 44
Dividends paid (12,470) (13,015)
Borrowings under term loan credit facility, net of original issuance discount 0 148,500
Borrowings under revolving credit facilities 347 45,584
Payments under revolving credit facilities (347) (45,584)
Principal payments under finance lease obligations (259) (244)
Principal payments under term loan credit facility (30,000) (135,228)
Principal payments against senior notes 0 (10,000)
Debt issuance costs paid (50) (792)
Stock repurchases (55,019) (10,065)
Net cash used in financing activities (95,849) (20,800)
Cash and cash equivalents:    
Net (decrease) increase in cash, cash equivalents, and restricted cash (168,303) 75,306
Cash, cash equivalents, and restricted cash at beginning of period 217,677 140,516
Cash, cash equivalents, and restricted cash at end of period 49,374 215,822
Supplemental disclosures of cash flow information:    
Cash paid for interest 12,734 13,061
Cash paid (refunds received) for income taxes $ 3,403 $ (4,695)