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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 79,214 $ 31,703
Accounts receivable, net 128,458 131,558
Inventories 118,919 118,722
Income tax receivable 17,310 5,973
Other current assets 19,081 15,024
Total current assets 362,982 302,980
Property, plant and equipment, net 350,369 374,513
Operating lease right-of-use assets 68,407 65,496
Goodwill 196,281 439,095
Intangible assets, net 317,918 329,260
Investment in joint venture 21,120 21,755
Other non-current assets 8,076 8,885
Total assets 1,325,153 1,541,984
Current liabilities:    
Accounts payable 59,792 57,340
Accrued salaries, wages and benefits 32,138 30,428
Income tax payable 922 1,028
Current maturities of long-term debt 20,064 19,160
Current portion of operating lease liabilities 5,775 6,652
Other current liabilities 33,842 24,873
Total current liabilities 152,533 139,481
Deferred tax liabilities 78,307 85,799
Non-current income tax payable 0 1,272
Long-term debt, net of current portion 814,972 757,440
Operating lease liabilities, net of current portion 72,389 66,980
Other non-current liabilities 32,386 44,723
Total liabilities 1,150,587 1,095,695
Commitments and contingencies (Note 12)
Series B convertible preferred stock - $0.01 par value per share, 100 shares authorized, 100 and 100 shares issued and outstanding at December 31, 2019, and March 31, 2020 95,664 93,012
Common stock - $0.01 par value per share, 90,000 shares authorized, 42,313 and 42,757 shares issued and outstanding at December 31, 2019, and March 31, 2020, respectively 428 423
Additional paid-in capital 499,925 501,615
Warrants 1,076 1,076
Accumulated deficit (353,474) (105,283)
Accumulated other comprehensive loss (69,053) (44,554)
Total stockholders’ equity 78,902 353,277
Total liabilities, preferred stock, and stockholders’ equity 1,325,153 $ 1,541,984
Change in fair value of interest rate swap, net of tax of $3,390 $ 11,209