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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities      
Net income $ 156,303 $ 150,281 $ 66,547
Reconciliation of net income to net cash provided by operating activities:      
Depreciation and amortization 38,854 30,153 23,271
Debt discount and deferred financing cost amortization 168 275 1,752
Stock-based compensation 6,995 4,704  
Provision for bad debts 355   (100)
Inventory obsolescence 2,552 1,451 1,259
Loss on disposal of assets 236 886 534
Deferred income taxes 25,403 15,201 220
Loss on debt extinguishment   4,305  
Gain from revaluation of liability related to tax receivable agreement (5,336)    
Changes in operating assets and liabilities:      
Accounts receivable 4,204 (8,105) (50,094)
Inventories (17,592) (38,227) (28,279)
Prepaid expenses and other assets 438 (6,509) (4,012)
Accounts payable (607) 7,651 19,505
Accrued expenses and other liabilities 6,994 5,114 4,104
Payments pursuant to tax receivable agreement (9,335)    
Net cash provided by operating activities 209,632 167,180 34,707
Cash flows from investing activities      
Capital expenditures and other (59,703) (70,053) (32,082)
Proceeds from sale of assets 3,755 1,899 1,404
Net cash used in investing activities (55,948) (68,154) (30,678)
Cash flows from financing activities      
Principal payments on long-term debt   (248,529) (2,569)
Payment of deferred financing costs   (840)  
Payments on finance leases (7,484)    
Payments on finance leases, before adoption of ASU 2016-02   (6,274) (2,744)
Net proceeds from equity offerings   828,168  
Distributions to members (8,392) (31,848)  
Redemption of CW Units   (575,681)  
Repurchase of shares (1,549)    
Net cash used in financing activities (21,669) (35,004) (5,313)
Effect of exchange rate changes on cash and cash equivalents (253) (755) 170
Net increase in cash and cash equivalents 131,762 63,267 (1,114)
Cash and cash equivalents      
Beginning of period 70,841 7,574 8,688
End of period 202,603 $ 70,841 $ 7,574
Class A Common Stock      
Cash flows from financing activities      
Dividends paid to Class A Common Stock shareholders $ (4,244)