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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash flows from operating activities    
Net loss $ (10,304) $ (269,939)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization of continuing operations 23,255 22,684
Depreciation and amortization of discontinued operations 0 23,701
Amortization of debt issuance costs and discount 718 3,348
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 from joint venture (2,614) (656)
Compensation expense from issuance of share-based awards 1,649 2,707
Deferred income taxes (3,050) (8,889)
Other (1,154) (2,207)
Changes in operating assets and liabilities:    
Accounts receivable 2,685 23,485
Inventories (12,052) (4,327)
Accounts payable 9,441 (12,391)
Income taxes receivable and payable, net (6,326) (12,897)
Other (2,490) 11,544
Net cash provided by operating activities 5,898 15,862
Cash flows from investing activities    
Acquisition of property, plant and equipment (11,015) (15,624)
Proceeds from sale of property, plant, and equipment 74 3,112
Cash paid for post-closing adjustments on sale of business (3,880) 0
Cash settlements of interest rate swap (15,420) 0
Net cash used in investing activities (30,241) (12,512)
Cash flows from financing activities    
Cash paid for debt issuance costs (6,981) (286)
Proceeds from issuance of preferred stock 61,793 0
Redemption of preferred stock (122,434) 0
Proceeds from long-term debt 156,000 64,716
Repayments of long-term debt (77,442) (9,078)
Repayments of short-term debt, net (1,321) (411)
Other (2,685) (1,523)
Net cash provided by financing activities 6,930 53,418
Effect of exchange rate changes on cash flows 818 (5,776)
Net change in cash and cash equivalents (16,595) 50,992
Cash and cash equivalents at beginning of period [1] 48,138 31,703
Cash cash equivalents at end of period [1] $ 31,543 $ 82,695
[1] Cash and cash equivalents include $12.2 million and $13.8 million of cash and cash equivalents that were included in current assets of discontinued operations as of June 30, 2020, and December 31, 2019, respectively.