XML 30 R7.htm IDEA: XBRL DOCUMENT v3.19.3
Consolidated Condensed Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operating activities:    
Net income $ 13,686 $ 25,201
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 14,225 13,881
Amortization of debt discount 6,038 0
Amortization 41,372 32,329
Stock-based compensation 8,819 7,465
Non-cash impairment 312 4,212
Deferred income taxes (5,506) (1,268)
Loss on early extinguishment of debt 300 0
Increase (decrease) in cash flows from changes in assets and liabilities:    
Accounts receivable 10,756 4,361
Inventories (15,645) (13,677)
Accounts payable (10,104) 6,212
Accrued compensation and benefits 1,728 465
Other assets (13,202) (20,323)
Other liabilities 1,478 (8,860)
Total operating 40,571 24,797
Net cash provided by operating activities 54,257 49,998
Cash flows from investing activities:    
Purchases of property, plant and equipment (13,875) (11,751)
Payments related to business acquisition, net of cash acquired (364,928) 0
Net cash used in investing activities (378,803) (11,751)
Cash flows from financing activities:    
Payments on term loan (151,000) (9,844)
Proceeds from term loan 265,000 0
Payments on revolving line of credit (435,000) (119,000)
Proceeds from revolving line of credit 370,000 104,000
Proceeds from convertible notes 345,000 0
Payments related to contingent consideration (5,687) 0
Payments related to debt issuance costs (16,210) 0
Dividends paid on common stock (16,927) (16,819)
Purchases of convertible hedges (51,198) 0
Proceeds from issuance of warrants 30,567 0
Other, net 3,310 1,043
Net cash provided by (used in) financing activities 337,855 (40,620)
Effect of exchange rate changes on cash and cash equivalents (752) (558)
Net increase (decrease) in cash and cash equivalents 12,557 (2,931)
Cash and cash equivalents at beginning of period 17,511 32,622
Cash and cash equivalents at end of period 30,068 29,691
Non-cash investing and financing activities:    
Contractual obligations from asset acquisition 5,639 25,849
Dividends payable $ 5,673 $ 5,625