XML 30 R8.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash flows from operating activities      
Net income (loss) $ (159,457) $ (156,079) $ 106,110
Adjustments to reconcile net income (loss) to cash provided by (used in) operating activities      
Derecognition of the TRA liability (122,515) 0 0
Depreciation and amortization 122,102 114,215 108,962
Equity-based compensation expense 13,825 15,978 28,600
Loss on asset write-off and retirements 71,942 29,881 0
Amortization of deferred financing costs 267 164 164
Deferred tax provision (benefit) 15,543 (27,536) 4,868
Reversal of deferred tax assets associated with the TRA 46,874 0 0
Provision for bad debts 950 11,581 228
(Gain) loss on disposal of assets (2,045) 1,117 (1,038)
Changes in fair value of investments (2,627) (1,123) 741
Change in value of contingent consideration 0 0 (1,532)
Unrealized (gain) loss on derivative 634 64 (210)
Realized loss on sale of investment 478 0 0
Other (1,876) 0 (3,909)
Changes in operating assets and liabilities, net of effects from acquisitions      
Accounts receivable 21,271 70,388 140,657
Inventories 12,102 27,379 41,502
Other current assets 8,677 4,039 16,981
Other assets 674 (692) 1,333
Accounts payable 7,336 (3,485) (3,035)
Deferred revenue (13,373) (39,659) (18,473)
Accrued expenses and other current liabilities 8,438 (43,583) 3,971
Other noncurrent liabilities (4,446) (13,480) 1,838
Net cash provided by (used in) operating activities 24,774 (10,831) 427,758
Cash flows from investing activities      
Acquisition of Blackhawk (net of acquired cash) 0 (150,437) 0
Acquisition of Timco Services, Inc. (net of acquired cash) 0 0 (78,676)
Purchase of property, plant and equipment (21,905) (42,127) (99,723)
Proceeds from sale of assets and equipment 14,030 3,858 4,579
Purchase of investments (123,048) (1,003) (869)
Proceeds from sale of investments 53,299 11,101 0
Other (85) (307) 0
Net cash used in investing activities (77,709) (178,915) (174,689)
Cash flows from financing activities      
Repayments of borrowings (680) (7,201) (765)
Proceeds from borrowings 0 363 151
Cost of Series A convertible preferred stock conversion to common stock 0 (595) 0
Dividends paid on common stock (50,154) (79,013) (92,844)
Dividends paid on preferred stock 0 (1) (2)
Distribution to noncontrolling interest 0 (8,027) (43,539)
Treasury shares withheld (2,901) (3,264) (4,497)
Proceeds from the issuance of ESPP shares 1,264 973 287
Net cash used in financing activities (52,471) (96,765) (141,209)
Effect of exchange rate changes on cash (1,105) 3,678 1,145
Net increase (decrease) in cash (106,511) (282,833) 113,005
Cash and cash equivalents at beginning of period 319,526 602,359 489,354
Cash and cash equivalents at end of period $ 213,015 $ 319,526 $ 602,359