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Consolidated Statements of Cash Flows (Decrease) Increase in Cash and Cash Equivalents - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash flows from operating activities:    
Net (loss) income $ (47,552) $ 16,362
Adjustments to reconcile net (loss) income to cash provided by operating activities:    
Depreciation 3,123 1,324
Amortization of intangible assets 2,225 364
Amortization of step-up in inventory basis 2,520 0
Lower of cost or net realizable value reserve 26,694 0
Allowance for doubtful accounts 14 90
Value of share-based arrangements 632 28
Amortization of deferred finance costs 757 33
Deferred tax (benefit) expense (1,101) 658
Changes in assets and liabilities:    
Trade accounts receivable (8,348) (9,241)
Inventories 38,424 4,790
Prepaid and other assets 3,124 (5,754)
Income taxes receivable 9,664 793
Accounts payable and accrued expenses 5,138 2,690
Cash provided by operating activities 35,314 12,137
Cash flows from investing activities:    
Additions to property, plant, and equipment (992) (861)
Cash used in investing activities (992) (861)
Cash flows from financing activities:    
Payment of deferred acquisition costs 0 (528)
Proceeds from issuance of common stock 17 722
Deferred financing costs (1,045) 0
Tax payment withholdings related to settlements of stock option awards 0 (1,235)
Repayment of short-term debt – net (36,086) 0
Repayment of long-term debt (832) (172)
Cash used in financing activities (37,946) (1,213)
(Decrease) increase in cash and cash equivalents (3,624) 10,063
Cash and cash equivalents at beginning of period 5,002 33,931
Cash and cash equivalents at end of period 1,378 43,994
Supplemental Disclosure of Cash Flow Information:    
Cash paid during period for interest 8,718 227
Cash (refund) paid for income taxes – net $ (10,338) $ 6,785