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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income attributable to DXP Enterprises, Inc. $ 24,510 $ 10,234
Less net loss attributable to non-controlling interest (91) (360)
Net income 24,419 9,874
Reconciliation of net income to the net cash provided by operating activities:    
Gain on sale of building (1,318) 0
Depreciation 7,135 7,655
Amortization of intangible assets 12,575 12,943
Bad debt expense 2,633 1,466
Amortization of debt issuance costs 1,337 1,071
Write-off of debt issuance costs 60 578
Stock compensation expense 2,023 1,392
Deferred income taxes 240 2,000
Changes in operating assets and liabilities    
Trade accounts receivable (13,225) (16,397)
Costs and estimated profits in excess of billings (11,541) (5,701)
Inventories (22,468) (3,827)
Prepaid expenses and other assets (250) (2,362)
Trade accounts payable and accrued expenses 4,291 (354)
Billings in excess of costs and estimated profits 1,320 189
Other long-term liabilities 2,611 0
Net cash provided by operating activities 9,842 8,527
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property and equipment (7,705) (2,157)
Proceeds from the sale of fixed assets 2,546 0
Acquisition of business, net of cash acquired (10,812) 0
Net cash used in investing activities (15,971) (2,157)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from debt 0 728,822
Principal debt payments (2,534) (701,561)
Debt issuance costs (60) (11,188)
Loss for non-controlling interest owners, net of tax 0 (219)
Dividends paid (68) (68)
Payment for employee taxes withheld from stock awards (332) (848)
Net cash (used in) provided by financing activities (2,994) 14,938
Effect of foreign currency on cash (66) 189
Net change in cash (9,189) 21,497
Cash at beginning of period 25,579 1,590
Cash at end of period $ 16,390 $ 23,087