CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
Sep. 30, 2018	Sep. 30, 2017
OPERATING ACTIVITIES:
Net income	$ 41,792	$ 26,141
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	17,073	15,922
Amortization, including accretion of deferred financing costs	5,112	4,993
Deferred income taxes	2,399	6,233
Earnings of equity method investee	(1,435)	(1,200)
(Loss) gain on sale of fixed assets	(21)	6
Share-based compensation expense	4,214	5,713
Tax benefit related to share-based compensation expense	(879)	(759)
Change in fair value of earn-out contingent consideration	1,918	4,645
Changes in operating assets and liabilities, net of effect of business combination:
Accounts receivable, net	(15,145)	(18,232)
Inventories, net	(18,041)	(6,564)
Prepaid expenses and other assets	(1,086)	1,530
Accounts payable	15,280	11,611
Accrued expenses and other liabilities	(3,543)	1,079
Net cash provided by operating activities	47,638	51,118
INVESTING ACTIVITIES:
Capital expenditures	(22,816)	(24,892)
Proceeds from sale of fixed assets	44	66
Insurance proceeds for fixed assets	1,403
Business acquisition, net of cash acquired		(77,258)
Net cash used for investing activities	(21,369)	(102,084)
FINANCING ACTIVITIES:
Acquisition of noncontrolling interest, including transaction costs		(1,848)
Revolving credit facility borrowings	27,500	91,000
Revolving credit facility payment	(47,500)	(32,000)
Proceeds from issuance of debt	369	2,557
Repayments of debt	(4,372)	(10,307)
Other financing costs		(61)
Repurchase of Common Shares to satisfy employee tax withholding	(4,206)	(2,222)
Net cash (used for) provided by financing activities	(28,209)	47,119
Effect of exchange rate changes on cash and cash equivalents	(3,408)	4,249
Net change in cash and cash equivalents	(5,348)	402
Cash and cash equivalents at beginning of period	66,003	50,389
Cash and cash equivalents at end of period	60,655	50,791
Supplemental disclosure of cash flow information:
Cash paid for interest	3,899	4,286
Cash paid for income taxes, net	$ 14,899	$ 5,745

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.