CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
Jun. 30, 2017	Jun. 30, 2016
OPERATING ACTIVITIES:
Net income	$ 18,092	$ 17,104
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	10,538	9,606
Amortization, including accretion of deferred financing costs	3,200	1,725
Deferred income taxes	5,450	548
Earnings of equity method investee	(735)	(296)
Gain on sale of fixed assets	(4)	(188)
Share-based compensation expense	4,065	2,888
Tax benefit related to share-based compensation expense	(758)
Change in fair value of contingent consideration	2,347
Changes in operating assets and liabilities, net of effect of business combination:
Accounts receivable, net	(13,494)	(28,536)
Inventories, net	(6,739)	(2,448)
Prepaid expenses and other assets	(4,174)	(5,388)
Accounts payable	11,675	19,430
Accrued expenses and other liabilities	(2,442)	3,349
Net cash provided by operating activities	27,021	17,794
INVESTING ACTIVITIES:
Capital expenditures	(15,167)	(12,006)
Proceeds from sale of fixed assets	20	354
Business acquisition, net of cash acquired	(77,538)
Net cash used for investing activities	(92,685)	(11,652)
FINANCING ACTIVITIES:
Acquisition of noncontrolling interest, including transaction costs	(1,796)
Revolving credit facility borrowings	84,000
Revolving credit facility payment	(19,000)
Proceeds from issuance of debt	1,901	11,800
Repayments of debt	(6,174)	(15,611)
Other financing costs	(61)
Repurchase of Common Shares to satisfy employee tax withholding	(2,207)	(1,384)
Net cash provided by (used for) financing activities	56,663	(5,195)
Effect of exchange rate changes on cash and cash equivalents	2,832	(24)
Net change in cash and cash equivalents	(6,169)	923
Cash and cash equivalents at beginning of period	50,389	54,361
Cash and cash equivalents at end of period	44,220	55,284
Supplemental disclosure of cash flow information:
Cash paid for interest	2,755	3,015
Cash paid for income taxes, net	$ 3,424	1,733
Supplemental disclosure of non-cash operating and financing activities:
Bank payment of vendor payables under short-term debt obligations		$ 2,122

The aggregate expense charged against earnings to allocate the cost of intangible assets including deferred financing costs (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. Also included in this amount is the accretion of the debt discount and the deferred financing costs which are a component of interest expense representing the periodic charge against earnings to reflect amortization of debt discounts and deferred financing costs over the life of the related debt instrument. As a noncash expense, this element is added back to net income when calculating cash provided by (used in) operations using the indirect method.

No definition available.