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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
OPERATING ACTIVITIES      
Net loss $ (3,007) $ (44,415) $ (1,720)
Adjustments to reconcile net loss to net cash provided by operating activities:      
Depreciation and amortization 24,664 25,115 23,329
Goodwill and other impairments 20,100 42,990 2,205
Amortization of financing costs 1,774 1,748 1,543
Mark to market (loss) gain on interest rate derivatives 2,144 (402) 0
Deferred rent 0 0 57
Non-cash lease expense 2,379 1,047 0
Provision for doubtful accounts, net of (recoveries) 3,291 (163) 338
Deferred income taxes (1,861) (1,073) 2,086
Stock compensation expense 5,951 5,041 4,135
Undistributed equity (earnings), net of taxes (1,258) (343) (545)
Loss on early retirement of debt 0 0 66
SKU Rationalization 0 8,500 0
Contingent consideration fair value adjustment 0 0 (1,774)
Changes in operating assets and liabilities (excluding the effects of business acquisitions)      
Accounts receivable (43,760) (2,096) 7,682
Inventory (28,979) (7,455) (13,819)
Prepaid expenses, other current assets and other assets 1,088 (3,855) 540
Accounts payable, accrued expenses and other liabilities 55,721 5,108 (3,153)
Income taxes receivable 1,577 (135) (1,442)
Income taxes payable 4,989 260 (353)
NET CASH PROVIDED BY OPERATING ACTIVITIES 44,813 29,872 19,175
INVESTING ACTIVITIES      
Purchases of property and equipment (2,082) (9,169) (7,902)
Filament acquisition, net of cash acquired 0 0 (216,527)
Net proceeds from sale of property 0 0 249
NET CASH USED IN INVESTING ACTIVITIES (2,082) (9,169) (224,180)
FINANCING ACTIVITIES      
Proceeds from short term loan 0 0 216
Payments from short term loan 0 0 (278)
Payment of financing costs 0 0 (11,171)
Payment of equity issuance costs 0 0 (936)
Cash dividends paid (3,651) (3,571) (3,273)
Payments for finance lease obligations (152) (92) (77)
Proceeds from the exercise of stock options 27 132 286
Payments of tax withholding for stock based compensation (658) (399) (561)
NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES (18,236) (16,916) 205,288
Effect of foreign exchange on cash 98 (64) (236)
INCREASE IN CASH AND CASH EQUIVALENTS 24,593 3,723 47
Cash and cash equivalents at beginning of year 11,370 7,647 7,600
CASH AND CASH EQUIVALENTS AT END OF YEAR 35,963 11,370 7,647
Revolving Credit Facility      
FINANCING ACTIVITIES      
Proceeds from long term lines of credit 129,244 345,494 268,912
Repayments of long term lines of credit (135,463) (355,730) (320,767)
Term Loan      
FINANCING ACTIVITIES      
Proceeds from long term lines of credit 0 0 275,000
Repayments of long term lines of credit $ (7,583) $ (2,750) $ (2,063)