Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Net Cash Provided by (Used in) Operating Activities:    
Net (loss) income $ (1,710) $ 11,116
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 3,231 2,895
Share-based compensation 2,084 1,600
Loss on sale or abandonment of property and equipment 88 950
Amortization of debt issuance costs 86 86
Provision for bad debt expense 995 1,054
Loss from inventory obsolescence 360 335
Deferred income taxes, net   (3)
Changes in certain assets and liabilities:    
Receivables, net (6,568) (8,505)
Inventories, net 4,531 10,350
Prepaid expenses and other current assets (4,195) 7,167
Accounts payable (17,842) (29,846)
Accrued liabilities 33,656 6,181
Other, net 118 (27)
Net cash provided by operating activities 14,834 3,353
Cash Flows Provided by (Used in) Investing Activities:    
Purchases of property and equipment (3,800) (2,900)
Acquisition of businesses (41,242)  
Proceeds from sale of property and equipment 133 76
Other, net 32 68
Net cash used in investing activities (44,877) (2,756)
Cash Flows Provided by (Used in) Financing Activities:    
Repayment of long-term debt (5,000) (2,500)
Taxes withheld and paid on employees' equity awards (1,583) (1,256)
Repurchase of shares of common stock (17,379) (1,539)
Net cash used in financing activities (23,962) (5,295)
CASH AND CASH EQUIVALENTS    
Decrease for the period (54,005) (4,698)
Cash and cash equivalents at beginning of year 134,375 112,848
Cash and cash equivalents at end of period 80,370 108,150
Supplemental disclosure of noncash investing activities:    
Accruals for property and equipment $ 237 $ 426