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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities    
Net loss $ (4,913) $ (248,191)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization of continuing operations 11,568 11,357
Depreciation and amortization of discontinued operations 0 11,827
Amortization of debt issuance costs 405 1,652
Goodwill impairment of continuing operations 0 92,942
Goodwill impairment of discontinued operations 0 146,757
Loss on extinguishment of debt and write-off of debt issuance costs 2,390 0
Total derivative loss, net of cash settlements 3,750 0
Share of net income (loss) from joint venture, net of cash dividends received (1,395) 271
Compensation expense from issuance of share-based awards 886 1,296
Deferred income taxes (1,605) (3,923)
Other (1,081) 614
Changes in operating assets and liabilities:    
Accounts receivable (6,684) 1,760
Inventories (5,589) (2,507)
Accounts payable 7,094 3,584
Income taxes receivable and payable, net (344) (12,676)
Other 3,402 5,461
Net cash provided by operating activities 7,884 10,224
Cash flows from investing activities    
Acquisition of property, plant and equipment (5,468) (11,260)
Proceeds from sale of property, plant, and equipment 11 82
Cash settlements of interest rate swap (15,420) 0
Net cash used in investing activities (20,877) (11,178)
Cash flows from financing activities    
Cash paid for debt issuance costs (6,856) (286)
Proceeds from issuance of preferred stock 61,918 0
Redemption of preferred stock (122,434) 0
Proceeds from long-term debt 150,000 60,012
Repayments of long-term debt (70,721) (4,527)
Repayments of short-term debt, net (1,090) (411)
Other (1,189) (888)
Net cash provided by financing activities 9,628 53,900
Effect of exchange rate changes on cash flows (1,740) (5,435)
Net change in cash and cash equivalents (5,105) 47,511
Cash and cash equivalents at beginning of period [1] 48,138 31,703
Cash cash equivalents at end of period [1] $ 43,033 $ 79,214
[1] Cash and cash equivalents include $11.7 million and $13.8 million of cash and cash equivalents that were included in current assets of discontinued operations as of March 31, 2020, and December 31, 2019, respectively.