v3.20.1
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Mar. 31, 2020
Dec. 31, 2019
Mar. 31, 2019
Dec. 31, 2018
Mar. 31, 2020
Mar. 31, 2019
Sep. 30, 2019
Cash flows from operating activities:              
Net (loss) income $ (86,595) $ (10,306) $ 15,194 $ 2,984 $ (96,901) $ 18,178  
Adjustments to reconcile net (loss) income to net cash provided by operating activities:              
Depreciation and amortization 29,317   21,050   58,250 40,276  
Stock-based compensation expense         4,539 5,013  
Deferred tax benefit         (6,155) (3,176)  
Loss (gain) on sale of assets, net         27 (128)  
Loss on divestiture 0   0   0 4,465  
Unrealized loss on investments in mutual funds         70 230  
Loss from equity-method investments         1,345 576  
Goodwill write-down 90,408   0   90,408 0  
Changes in working capital items         19,384 (17,552)  
Decrease (increase) in other assets         5,587 (406)  
(Decrease) increase in other liabilities         (1,107) 937  
Other operating activities, net         (9,452) (3,124)  
Net cash provided by operating activities         65,995 45,289  
Cash flows from investing activities:              
Capital expenditures         (19,082) (19,170)  
Acquisitions, net of cash acquired         0 (11,525)  
Proceeds from sale of assets         181 462  
Proceeds from divestiture         0 8,254  
Investments and advances         (9,637) (11,488)  
Net cash used in investing activities         (28,538) (33,467)  
Cash flows from financing activities:              
Proceeds from long-term debt         942,692 181,594  
Payments on long-term debt         (921,359) (167,327)  
Purchases of treasury stock         (2,351) (13,286)  
Dividends         (13,183) (12,860)  
Acquisition holdback and contingent consideration payments         (1,739) (2,050)  
Other financing activities         (3,475) (1,436)  
Net cash provided by (used in) financing activities         585 (15,365)  
Effect of exchange rate changes on cash         (1,006) (299)  
Net change in cash and cash equivalents         37,036 (3,842)  
Cash and cash equivalents at beginning of year   $ 35,302   $ 41,572 35,302 41,572 $ 41,572
Cash and cash equivalents at end of period $ 72,338   $ 37,730   $ 72,338 $ 37,730 $ 35,302

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