v3.10.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Operating activities    
Net income $ 53,922 $ 52,406
Depreciation and amortization 20,648 18,854
Impairment of property and equipment 1,417 0
Debt premium amortization (541) (470)
Tax receivable agreement remeasurement and gain on buyout (14,124) 0
Stock-based compensation 2,721 4,360
Non-cash gain on debt modification 0 (394)
Gain on sale/abandonment of property and equipment 0 (15)
Deferred taxes 4,994 12,505
Change in operating assets and liabilities:    
Accounts receivable (8,458) (10,883)
Inventories 3,558 (3,353)
Prepaids and other current assets (1,643) (140)
Accounts payable and accrued expenses 17,187 (6,418)
Customer trade allowances 1,501 1,327
Net cash provided by operating activities 81,182 67,779
Investing activities    
Purchases of property and equipment (19,836) (15,101)
Acquisition of business (23,910) 0
Proceeds from sale of assets 0 54
Acquisition and development of software assets (1,591) (859)
Net cash used in investing activities (45,337) (15,906)
Financing activities    
Repayments of long-term debt and capital lease obligation (5,051) (2,570)
Debt fees 0 (1,017)
Distributions to non-controlling interest (9,463) (8,918)
Tax payments related to issuance of shares to employees (407) 0
Payments on tax receivable agreement (41,353) 0
Proceeds from the exercise of warrants 0 1
Net cash used in financing activities (56,274) (12,504)
Net increase (decrease) in cash and cash equivalents (20,429) 39,369
Cash and cash equivalents at beginning of period 135,701 26,855
Cash and cash equivalents at end of period 115,272 66,224
Cash paid during the period for:    
Interest 20,358 24,958
Taxes paid 3,959 9,930
Supplemental disclosure of non-cash investing:    
Change in accrued capital expenditures $ 1,388 $ 123