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Cash withdrawn from Industrea trust account   238,474  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

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