General form of registration statement for all companies including face-amount certificate companies

Consolidated Statements of Cash Flows (Unaudited)

v3.19.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 1 Months Ended 2 Months Ended 3 Months Ended
Dec. 05, 2018
Jan. 31, 2019
Jan. 31, 2018
Net income (loss) $ (22,575,000) $ (3,630,000) $ 17,558,000
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation   3,503,000  
Deferred income taxes   (1,156,000)  
Amortization of deferred financing costs   496,000  
Write off deferred debt issuance costs    
Prepayment penalty on early extinguishment of debt 13,000,000  
Amortization of debt premium    
Amortization of intangible assets 700,000 4,871,000 1,900,000
Stock-based compensation expense    
(Gain) on the sale of property, plant and equipment   (305,000)  
Net changes in operating assets and liabilities (net of acquisitions):      
Trade receivables, net   4,648,000  
Inventory   172,000  
Prepaid expenses and other current assets   (2,585,000)  
Income taxes payable, net   (210,000)  
Accounts payable   (9,107,000)  
Accrued payroll, accrued expenses and other current liabilities   (9,646,000)  
Net cash (used in) provided by operating activities   (12,949,000)  
Cash flows from investing activities:      
Purchases of property, plant and equipment   (11,243,000)  
Proceeds from sale of property, plant and equipment   598,000  
Cash withdrawn from Industrea trust account   238,474,000  
Acquisition of net assets, net of cash acquired   (445,386,000)  
Net cash (used in) investing activities   (217,557,000)  
Cash flows from financing activities:      
Proceeds on long term debt   357,000,000  
Proceeds on revolving loan   17,267,000  
Payments on revolving loan    
Redemptions of common shares   (231,415,000)  
Payment of debt issuance costs   (20,863,000)  
Payments on capital lease obligations   (14,000)  
Issuance of preferred shares   25,000,000  
Payments for underwriting fees   (8,050,000)  
Issuance of common shares   96,900,000  
Net cash provided by (used in) financing activities   235,825,000  
Effect of foreign currency exchange rate on cash   (556,000)  
Net increase (decrease) in cash   4,763,000  
Beginning of period 8,621,279 3,612 6,925,042
End of period 3,612 4,767,000  
Supplemental cash flow information:      
Cash paid for interest   849,000  
Cash (refunded) for income taxes   (83,000)  
Fair value of rollover equity for Business Combination   164,908,000  
Equipment purchases included in accrued expenses   1,415,000  
Predecessor [Member]      
Net income (loss) (22,575,000)   17,558,000
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 2,060,000   4,048,000
Deferred income taxes (4,355,000)   (13,757,000)
Amortization of deferred financing costs 152,000   405,000
Write off deferred debt issuance costs 3,390,000  
Prepayment penalty on early extinguishment of debt 13,004,000  
Amortization of debt premium (11,000)   4,000
Amortization of intangible assets 653,000   1,902,000
Stock-based compensation expense 27,000   94,000
(Gain) on the sale of property, plant and equipment (166,000)   (401,000)
Net changes in operating assets and liabilities (net of acquisitions):      
Trade receivables, net 485,000   3,608,000
Inventory (294,000)   (445,000)
Prepaid expenses and other current assets (1,283,000)   (2,358,000)
Income taxes payable, net 203,000   226,000
Accounts payable (654,000)   (2,752,000)
Accrued payroll, accrued expenses and other current liabilities 17,280,000   (524,000)
Net cash (used in) provided by operating activities 7,916,000   7,608,000
Cash flows from investing activities:      
Purchases of property, plant and equipment (503,000)   (7,460,000)
Proceeds from sale of property, plant and equipment 364,000   487,000
Cash withdrawn from Industrea trust account  
Acquisition of net assets, net of cash acquired  
Net cash (used in) investing activities (139,000)   (6,973,000)
Cash flows from financing activities:      
Proceeds on long term debt  
Proceeds on revolving loan 4,693,000   52,343,000
Payments on revolving loan (20,056,000)   (55,068,000)
Redemptions of common shares  
Payment of debt issuance costs  
Payments on capital lease obligations (7,000)   (42,000)
Issuance of preferred shares  
Payments for underwriting fees  
Issuance of common shares  
Net cash provided by (used in) financing activities (15,370,000)   (2,767,000)
Effect of foreign currency exchange rate on cash (70,000)   2,927,000
Net increase (decrease) in cash (7,663,000)   795,000
Beginning of period 8,621,000 $ 958,000 6,925,000
End of period 958,000   7,720,000
Supplemental cash flow information:      
Cash paid for interest 201,000   726,000
Cash (refunded) for income taxes   (553,000)
Fair value of rollover equity for Business Combination  
Equipment purchases included in accrued expenses   $ 479,000