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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
OPERATING ACTIVITIES      
Net (loss) income $ (44,415) $ (1,720) $ 2,154
Adjustments to reconcile net (loss) income to net cash provided by operating activities:      
Depreciation and amortization 25,115 23,329 14,189
Impairment of goodwill 42,990 2,205 0
Amortization of financing costs 1,748 1,543 519
Deferred rent 0 57 (642)
Non-cash lease expense 1,047 0 0
Deferred income taxes (1,073) 2,086 1,030
Stock compensation expense 5,041 4,135 3,390
Undistributed equity earnings (343) (545) (379)
Loss on early retirement of debt 0 66 110
SKU Rationalization 8,500 0 0
Contingent consideration fair value adjustment 0 (1,774) 0
Changes in operating assets and liabilities (excluding the effects of business acquisitions)      
Accounts receivable (2,259) 8,020 1,481
Inventory (7,455) (13,819) 10,818
Prepaid expenses, other current assets and other assets (4,257) 540 (951)
Accounts payable, accrued expenses and other liabilities 5,108 (3,153) (9,778)
Income taxes receivable (135) (1,442) 0
Income taxes payable 260 (353) (4,935)
NET CASH PROVIDED BY OPERATING ACTIVITIES 29,872 19,175 17,006
INVESTING ACTIVITIES      
Purchases of property and equipment (9,169) (7,902) (6,311)
Filament acquisition, net of cash acquired 0 (216,527) 0
Fitz acquisition, net of cash acquired 0 0 (9,072)
Net proceeds from sale of property 0 249 15
NET CASH USED IN INVESTING ACTIVITIES (9,169) (224,180) (15,368)
FINANCING ACTIVITIES      
Proceeds from short term loan 0 216 187
Payments from short term loan 0 (278) (239)
Payment of financing costs 0 (11,171) (31)
Payment of equity issuance costs 0 (936) 0
Cash dividends paid (3,571) (3,273) (2,475)
Payment of capital lease obligations (92) (77) (94)
Proceeds from the exercise of stock options 132 286 2,537
Payments of tax withholding for stock based compensation (399) (561) (644)
NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES (16,916) 205,288 (2,297)
Effect of foreign exchange on cash (64) (236) 376
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 3,723 47 (283)
Cash and cash equivalents at beginning of year 7,647 7,600 7,883
CASH AND CASH EQUIVALENTS AT END OF YEAR 11,370 7,647 7,600
Revolving Credit Facility      
FINANCING ACTIVITIES      
Proceeds from long term lines of credit 345,494 268,912 237,658
Repayments of long term lines of credit (355,730) (320,767) (229,696)
Term Loan      
FINANCING ACTIVITIES      
Proceeds from long term lines of credit 0 275,000 0
Repayments of long term lines of credit (2,750) (2,063) 0
Credit Agreement Term Loan      
FINANCING ACTIVITIES      
Repayments of long term lines of credit $ 0 $ 0 $ (9,500)