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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Dec. 31, 2019
Cash flows from operating activities          
Net income (loss) $ (28,729) $ 34,466 $ (325,280) $ 30,148  
Adjustments to reconcile net loss to net cash provided by operating activities:          
Depreciation and amortization     43,051 44,061  
Deferred income taxes     20,428 5,261  
(Income) loss from discontinued operations 989 141 1,822 (32)  
Restructuring charges 11,259 1,702 12,370 6,845  
Legal settlement       8,500  
Impairment charges     203,076    
Gains on dispositions of property and other assets     (14,935) (938)  
Share-based compensation expense 1,937 1,831 649 6,448  
Multi-employer pension plan withdrawal     462 15,508  
Other non-cash items, net     10,371 2,772  
Change in operating assets and liabilities:          
Receivables     104,722 (37,028)  
Inventories     833 389  
Current contract costs     16,418 (13,929)  
Accounts payable     (76,355) 20,121  
Restructuring liabilities     (4,606) (5,012)  
Accrued compensation     (25,268) 2,308  
Contract liabilities     (32,650) 29,177  
Income taxes payable     1,290 3,777  
Other assets and liabilities, net     17,696 (17,236)  
Net cash (used in) provided by operating activities     (45,906) 101,140  
Cash flows from investing activities          
Capital expenditures     (40,057) (60,868)  
Cash surrender value of life insurance policies     24,767    
Cash paid for acquisitions, net       (90,992)  
Proceeds from dispositions of property and other assets     21,788 1,022  
Net cash provided by (used in) investing activities     6,498 (150,838)  
Cash flows from financing activities          
Proceeds from borrowings     191,733 170,459  
Payments on debt and finance lease obligations     (273,663) (99,340)  
Dividends paid on common stock     (4,064) (6,060)  
Distributions to noncontrolling interest     (1,526)    
Debt issuance costs     (1,585)    
Payment of payroll taxes on stock-based compensation through shares withheld or repurchased     (1,062) (3,019)  
Common stock purchased for treasury     (2,785)    
Proceeds from issuance of Convertible Series A Preferred Stock, net of issuance costs     125,763    
Proceeds from exercise of stock options     2,077 92  
Net cash provided by financing activities     34,888 62,132  
Effect of exchange rate changes on cash and cash equivalents     (1,027) (689)  
Net change in cash and cash equivalents     (5,547) 11,745  
Cash and cash equivalents, beginning of year     61,999 44,893 $ 44,893
Cash and cash equivalents, end of period $ 56,452 $ 56,638 $ 56,452 $ 56,638 $ 61,999