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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
OPERATING ACTIVITIES:    
Net income $ 13,380 $ 9,173
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 6,061 5,063
Amortization, including accretion of deferred financing costs 1,807 1,472
Deferred income taxes (243) 2,082
Earnings of equity method investee (521) (180)
Share-based compensation expense 1,404 2,339
Tax benefit related to share-based compensation expense (830) (681)
Change in fair value of contingent consideration 904  
Changes in operating assets and liabilities, net of effect of business combination:    
Accounts receivable, net (14,821) (18,648)
Inventories, net (4,694) (2,445)
Prepaid expenses and other assets (3,647) (4,760)
Accounts payable 7,841 15,734
Accrued expenses and other liabilities 3,030 661
Net cash provided by operating activities 9,671 9,810
INVESTING ACTIVITIES:    
Capital expenditures (10,505) (7,265)
Proceeds from sale of fixed assets 9  
Insurance proceeds for fixed assets 1,403  
Business acquisition, net of cash acquired   (77,538)
Net cash used for investing activities (9,093) (84,803)
FINANCING ACTIVITIES:    
Revolving credit facility borrowings 5,000 81,000
Revolving credit facility payment (10,000) (7,000)
Proceeds from issuance of debt 155 886
Repayments of debt (1,378) (4,135)
Other financing costs   (47)
Repurchase of Common Shares to satisfy employee tax withholding (3,713) (1,820)
Net cash provided by (used for) financing activities (9,936) 68,884
Effect of exchange rate changes on cash and cash equivalents 759 629
Net change in cash and cash equivalents (8,599) (5,480)
Cash and cash equivalents at beginning of period 66,003 50,389
Cash and cash equivalents at end of period 57,404 44,909
Supplemental disclosure of cash flow information:    
Cash paid for interest 1,438 1,450
Cash paid for income taxes, net $ 5,056 $ 1,252