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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash flows from operating activities:    
Net income $ 32,992 $ 67
Income from discontinued operations, net of tax 48,372 9,595
Loss from continuing operations (15,380) (9,528)
Adjustments to reconcile loss from continuing operations to net cash used in by operating activities:    
Depreciation and amortization 2,260 2,333
Amortization of deferred financing costs 1,428 96
Provision for doubtful accounts 366 (43)
Provision for excess and obsolete inventory 0 1,305
Loss on disposal of long-lived assets 1,097 57
Non-cash lease expense 230 0
Stock compensation expense 456 1,899
Deferred income tax provision (benefit) 17,860 (7,662)
Reduction in tax benefit related to share-based awards 24 3
Changes in current assets and liabilities:    
Restricted cash (660) 0
Accounts receivable, net (474) 1,715
Inventories, net (7,031) 5,729
Income taxes receivable (247) (1)
Other current assets (18,661) 331
Accounts payable (1,216) (781)
Accrued liabilities (8,193) (7,599)
Income taxes payable 2,428 0
Interest payable (8) (37)
Net cash used in operating activities (25,721) (12,183)
Cash flows from investing activities:    
Capital expenditures (461) (1,377)
Proceeds from sales of business 169,722 0
Proceeds from sale of assets 132 80
Purchase of patents and other intangible assets (103) (117)
Net cash provided by (used in) investing activities 169,290 (1,414)
Cash flows from financing activities:    
Borrowings on revolving credit facility 42,984 76,266
Repayments on revolving credit facility (92,715) (64,475)
Debt issuance costs 0 (8)
Purchase of treasury stock related to share-based awards (131) (3)
Proceeds from sale of common stock 0 146
Net cash provided by (used in) financing activities (49,862) 11,926
Discontinued operations:    
Net cash (used in) provided by operating activities (337) 430
Net cash provided by (used in) investing activities 337 (430)
Net cash flows provided by discontinued operations 0 0
Effect of changes in exchange rates on cash and cash equivalents 2 (48)
Net increase (decrease) in cash and cash equivalents 93,709 (1,719)
Cash and cash equivalents at the beginning of period 3,044 4,584
Cash and cash equivalents at the end of period $ 96,753 $ 2,865