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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:    
Net income (loss) $ 60,697 $ 10,745
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest 10,374 19,271
Gain (loss) on sale of discontinued operations, net of income taxes 5,414 0
Discontinued Operation, Gain (Loss) from Disposal of Discontinued Operation, before Income Tax 5,414 0
Income (loss) from continuing operations 44,909 (8,526)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation expense 20,281 17,503
Amortization expense 42,026 37,426
Amortization of Acquisition Costs 3,812 0
Amortization of debt issuance costs 1,731 1,325
Gain (Loss) on Extinguishment of Debt 0 33,305
Noncontrolling stockholder stock based compensation 5,361 5,356
Provision for receivable and inventory reserves (2,173) 3,283
Deferred taxes (3,756) 1,903
Other 239 2,070
Changes in operating assets and liabilities, net of acquisitions:    
Accounts receivable (2,279) 7,032
Inventories (136,498) (19,202)
Other current and non-current assets (13,320) (4,878)
Accounts payable and accrued expenses (7,098) 14,730
Cash (used in) provided by operating activities - continuing operations (46,765) 91,327
Net Cash Provided by (Used in) Operating Activities, Total (35,337) 109,434
Cash Provided by (Used in) Operating Activities, Discontinued Operations 11,428 18,107
Payments to Acquire Businesses, Net of Cash Acquired (3,636) (34,163)
Cash flows from investing activities:    
Purchases of property and equipment (24,435) (16,096)
Proceeds from Divestiture of Businesses 6,898 0
Other investing activities (903) (615)
Cash used in investing activities - continuing operations (22,076) (50,874)
Cash Provided by (Used in) Investing Activities, Discontinued Operations (162) (1,822)
Proceeds from Issuance of Common Stock 62,155 0
Cash flows from financing activities:    
Borrowings under credit facility 24,000 179,000
Repayments under credit facility (24,000) (486,000)
Proceeds from Issuance of Senior Long-term Debt 0 1,000,000
Repayments of Secured Debt 0 (627,688)
Distributions paid - common shares (34,863) (46,728)
Distributions paid - preferred shares (12,091) (12,091)
Distributions paid - allocation interests 0 (5,214)
Payments to Noncontrolling Interests (11,292) 0
Net proceeds provided by noncontrolling shareholders 440 385
Payments for Repurchase Subsidiary Stock 703 1,372
Payments of Debt Issuance Costs (35) (17,389)
Other (14) (226)
Net cash provided by (used in) financing activities 3,597 (17,323)
Foreign currency impact on cash (1,132) 8
Net (decrease) increase in cash and cash equivalents (55,110) 39,423
Cash and cash equivalents — beginning of period (1) 160,733 70,744
Cash and cash equivalents — end of period (2) 105,623 110,167
Net Cash Provided by (Used in) Investing Activities, Total (22,238) (52,696)
Disposal Group, Including Discontinued Operation, Cash 2,900 5,300
Gain (loss) on sale of discontinued operations, net of income tax $ 5,414 $ 0