Condensed Consolidating Financial Information (Tables)
|
3 Months Ended |
12 Months Ended |
Mar. 31, 2019 |
Mar. 31, 2018 |
Dec. 31, 2018 |
| Condensed Consolidating Financial Information [Abstract] |
|
|
|
| Consolidated Condensed Statements of Income |
LKQ CORPORATION AND SUBSIDIARIES Unaudited Condensed Consolidating Statements of Income (In thousands) | | | | | | | | | | | | | | | | | | | | | | For the Three Months Ended March 31, 2019 | | Parent | | Guarantors | | Non-Guarantors | | Eliminations | | Consolidated | Revenue | $ | — |
| | $ | 1,550,680 |
| | $ | 1,586,877 |
| | $ | (37,254 | ) | | $ | 3,100,303 |
| Cost of goods sold | — |
| | 921,489 |
| | 1,007,804 |
| | (37,254 | ) | | 1,892,039 |
| Gross margin | — |
|
| 629,191 |
|
| 579,073 |
|
| — |
|
| 1,208,264 |
| Selling, general and administrative expenses | 9,038 |
| | 432,387 |
| | 455,107 |
| | — |
| | 896,532 |
| Restructuring and acquisition related expenses | — |
| | 606 |
| | 2,701 |
| | — |
| | 3,307 |
| Impairment of net assets held for sale | — |
| | 8,461 |
| | 6,562 |
| | — |
| | 15,023 |
| Depreciation and amortization | 54 |
| | 25,073 |
| | 45,875 |
| | — |
| | 71,002 |
| Operating (loss) income | (9,092 | ) |
| 162,664 |
|
| 68,828 |
|
| — |
|
| 222,400 |
| Other expense (income): | | | | | | | | | | Interest expense (income), net of interest income | 13,836 |
| | (336 | ) | | 22,589 |
| | — |
| | 36,089 |
| Intercompany interest (income) expense, net
| (15,086 | ) | | 9,189 |
| | 5,897 |
| | — |
| | — |
| Other expense (income), net | 19 |
| | (7,831 | ) | | 3,961 |
| | — |
| | (3,851 | ) | Total other (income) expense, net | (1,231 | ) |
| 1,022 |
|
| 32,447 |
|
| — |
|
| 32,238 |
| (Loss) income before (benefit) provision for income taxes | (7,861 | ) |
| 161,642 |
|
| 36,381 |
|
| — |
| | 190,162 |
| (Benefit) provision for income taxes | (2,046 | ) | | 43,303 |
| | 10,293 |
| | — |
| | 51,550 |
| Equity in earnings (losses) of unconsolidated subsidiaries | — |
| | 1,147 |
| | (40,696 | ) | | — |
| | (39,549 | ) | Equity in earnings of subsidiaries | 103,863 |
| | 9,712 |
| | — |
| | (113,575 | ) | | — |
| Net income (loss) | 98,048 |
|
| 129,198 |
|
| (14,608 | ) |
| (113,575 | ) | | 99,063 |
| Less: net income attributable to noncontrolling interest | — |
| | — |
| | 1,015 |
| | — |
| | 1,015 |
| Net income (loss) attributable to LKQ stockholders | $ | 98,048 |
| | $ | 129,198 |
| | $ | (15,623 | ) | | $ | (113,575 | ) | | $ | 98,048 |
|
|
LKQ CORPORATION AND SUBSIDIARIES Unaudited Condensed Consolidating Statements of Income (In thousands) | | | | | | | | | | | | | | | | | | | | | | For the Three Months Ended March 31, 2018 | | Parent | | Guarantors | | Non-Guarantors | | Eliminations | | Consolidated | Revenue | $ | — |
| | $ | 1,577,595 |
| | $ | 1,180,242 |
| | $ | (37,073 | ) | | $ | 2,720,764 |
| Cost of goods sold | — |
| | 945,915 |
| | 757,951 |
| | (37,073 | ) | | 1,666,793 |
| Gross margin | — |
|
| 631,680 |
|
| 422,291 |
|
| — |
| | 1,053,971 |
| Selling, general and administrative expenses | 9,130 |
| | 426,797 |
| | 330,964 |
| | — |
| | 766,891 |
| Restructuring and acquisition related expenses | — |
| | 330 |
| | 3,724 |
| | — |
| | 4,054 |
| Depreciation and amortization | 29 |
| | 24,338 |
| | 32,091 |
| | — |
| | 56,458 |
| Operating (loss) income | (9,159 | ) |
| 180,215 |
|
| 55,512 |
|
| — |
| | 226,568 |
| Other expense (income): | | | | | | | | | | Interest expense, net of interest income | 18,008 |
| | 212 |
| | 10,295 |
| | — |
| | 28,515 |
| Intercompany interest (income) expense, net | (15,400 | ) | | 9,680 |
| | 5,720 |
| | — |
| | — |
| Other (income) expense, net | (1,015 | ) |
| (5,882 | ) |
| 4,015 |
|
| — |
| | (2,882 | ) | Total other expense, net | 1,593 |
| | 4,010 |
| | 20,030 |
|
| — |
| | 25,633 |
| (Loss) income before (benefit) provision for income taxes | (10,752 | ) | | 176,205 |
| | 35,482 |
| | — |
| | 200,935 |
| (Benefit) provision for income taxes | (3,904 | ) | | 45,877 |
| | 7,611 |
| | — |
| | 49,584 |
| Equity in earnings of unconsolidated subsidiaries | — |
| | — |
| | 1,412 |
| | — |
| | 1,412 |
| Equity in earnings of subsidiaries | 159,808 |
|
| 5,110 |
|
| — |
|
| (164,918 | ) | | — |
| Net income | 152,960 |
| | 135,438 |
| | 29,283 |
| | (164,918 | ) | | 152,763 |
| Less: net loss attributable to noncontrolling interest | — |
| | — |
| | (197 | ) | | — |
| | (197 | ) | Net income attributable to LKQ stockholders | $ | 152,960 |
| | $ | 135,438 |
| | $ | 29,480 |
| | $ | (164,918 | ) | | $ | 152,960 |
|
|
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| Consolidated Condensed Statements of Comprehensive Income (Loss) |
LKQ CORPORATION AND SUBSIDIARIES Unaudited Condensed Consolidating Statements of Comprehensive Income (In thousands) | | | | | | | | | | | | | | | | | | | | | | For the Three Months Ended March 31, 2019 | | Parent | | Guarantors | | Non-Guarantors | | Eliminations | | Consolidated | Net income (loss) | $ | 98,048 |
| | $ | 129,198 |
| | $ | (14,608 | ) | | $ | (113,575 | ) | | $ | 99,063 |
| Less: net income attributable to noncontrolling interest | — |
| | — |
| | 1,015 |
| | — |
| | 1,015 |
| Net income (loss) attributable to LKQ stockholders | 98,048 |
| | 129,198 |
| | (15,623 | ) | | (113,575 | ) | | 98,048 |
| | | | | | | | | | | Other comprehensive income (loss): | | | | | | | | | | Foreign currency translation, net of tax | (9,895 | ) | | 2,194 |
| | (10,466 | ) | | 8,272 |
| | (9,895 | ) | Net change in unrealized gains/losses on cash flow hedges, net of tax | (2,737 | ) | | — |
| | — |
| | — |
| | (2,737 | ) | Net change in unrealized gains/losses on pension plans, net of tax | 191 |
| | (4 | ) | | 195 |
| | (191 | ) | | 191 |
| Net change in other comprehensive loss from unconsolidated subsidiaries | (3,463 | ) | | — |
| | (3,463 | ) | | 3,463 |
| | (3,463 | ) | Other comprehensive (loss) income | (15,904 | ) | | 2,190 |
| | (13,734 | ) | | 11,544 |
| | (15,904 | ) | | | | | | | | | | | Comprehensive income (loss) | 82,144 |
| | 131,388 |
| | (28,342 | ) | | (102,031 | ) | | 83,159 |
| Less: comprehensive income attributable to noncontrolling interest | — |
| | — |
| | 1,015 |
| | — |
| | 1,015 |
| Comprehensive income (loss) attributable to LKQ stockholders | $ | 82,144 |
| | $ | 131,388 |
| | $ | (29,357 | ) | | $ | (102,031 | ) | | $ | 82,144 |
|
|
LKQ CORPORATION AND SUBSIDIARIES Unaudited Condensed Consolidating Statements of Comprehensive Income (In thousands) | | | | | | | | | | | | | | | | | | | | | | For the Three Months Ended March 31, 2018 | | Parent | | Guarantors | | Non-Guarantors | | Eliminations | | Consolidated | Net income | $ | 152,960 |
| | $ | 135,438 |
| | $ | 29,283 |
| | $ | (164,918 | ) | | $ | 152,763 |
| Less: net loss attributable to noncontrolling interest | — |
| | — |
| | (197 | ) | | — |
| | (197 | ) | Net income attributable to LKQ stockholders | 152,960 |
| | 135,438 |
| | 29,480 |
| | (164,918 | ) | | 152,960 |
| | | | | | | | | | | Other comprehensive income (loss): | | | | | | | | | | Foreign currency translation, net of tax | 48,485 |
| | (2,183 | ) | | 49,055 |
| | (46,872 | ) | | 48,485 |
| Net change in unrealized gains/losses on cash flow hedges, net of tax | 3,254 |
| | — |
| | — |
| | — |
| | 3,254 |
| Net change in unrealized gains/losses on pension plans, net of tax | (621 | ) | | (621 | ) | | — |
| | 621 |
| | (621 | ) | Net change in other comprehensive loss from unconsolidated subsidiaries | (605 | ) | | — |
| | (605 | ) | | 605 |
| | (605 | ) | Other comprehensive income (loss) | 50,513 |
| | (2,804 | ) | | 48,450 |
| | (45,646 | ) | | 50,513 |
| | | | | | | | | | | Comprehensive income | 203,473 |
| | 132,634 |
| | 77,733 |
| | (210,564 | ) | | 203,276 |
| Less: comprehensive loss attributable to noncontrolling interest | — |
| | — |
| | (197 | ) | | — |
| | (197 | ) | Comprehensive income attributable to LKQ stockholders | $ | 203,473 |
| | $ | 132,634 |
| | $ | 77,930 |
| | $ | (210,564 | ) | | $ | 203,473 |
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| Consolidated Condensed Balance Sheets |
LKQ CORPORATION AND SUBSIDIARIES Unaudited Condensed Consolidating Balance Sheets (In thousands) | | | | | | | | | | | | | | | | | | | | | | March 31, 2019 | | Parent | | Guarantors | | Non-Guarantors | | Eliminations | | Consolidated | Assets | | | | | | | | | | Current assets: | | | | | | | | | | Cash and cash equivalents | $ | 40,703 |
| | $ | 31,744 |
| | $ | 243,619 |
| | $ | — |
| | $ | 316,066 |
| Receivables, net | 386 |
| | 366,235 |
| | 986,870 |
| | — |
| | 1,353,491 |
| Intercompany receivables, net | 7,411 |
| | — |
| | 19,147 |
| | (26,558 | ) | | — |
| Inventories | — |
| | 1,245,544 |
| | 1,446,462 |
| | — |
| | 2,692,006 |
| Prepaid expenses and other current assets | 4,668 |
| | 162,616 |
| | 115,923 |
| | — |
| | 283,207 |
| Total current assets | 53,168 |
| | 1,806,139 |
| | 2,812,021 |
| | (26,558 | ) | | 4,644,770 |
| Property, plant and equipment, net | 1,630 |
| | 600,965 |
| | 603,747 |
| | — |
| | 1,206,342 |
| Operating lease assets, net | 3,857 |
| | 801,420 |
| | 474,299 |
| | — |
| | 1,279,576 |
| Intangible assets: | | | | | | | | | | Goodwill | — |
| | 1,973,101 |
| | 2,381,205 |
| | — |
| | 4,354,306 |
| Other intangibles, net | 234 |
| | 260,491 |
| | 628,884 |
| | — |
| | 889,609 |
| Investment in subsidiaries | 5,288,058 |
| | 123,496 |
| | — |
| | (5,411,554 | ) | | — |
| Intercompany notes receivable | 1,183,505 |
| | 51,118 |
| | — |
| | (1,234,623 | ) | | — |
| Equity method investments | — |
| | 17,551 |
| | 116,683 |
| | — |
| | 134,234 |
| Other assets | 72,335 |
| | 40,183 |
| | 44,555 |
| | — |
| | 157,073 |
| Total assets | $ | 6,602,787 |
| | $ | 5,674,464 |
| | $ | 7,061,394 |
| | $ | (6,672,735 | ) | | $ | 12,665,910 |
| Liabilities and Stockholders’ Equity | | | | | | | | | | Current liabilities: | | | | | | | | | | Accounts payable | $ | 2,111 |
| | $ | 339,448 |
| | $ | 611,129 |
| | $ | — |
| | $ | 952,688 |
| Intercompany payables, net | — |
| | 19,147 |
| | 7,411 |
| | (26,558 | ) | | — |
| Accrued expenses: | | | | | | | | | | Accrued payroll-related liabilities | 4,967 |
| | 33,658 |
| | 104,401 |
| | — |
| | 143,026 |
| Other accrued expenses | 12,930 |
| | 105,465 |
| | 199,431 |
| | — |
| | 317,826 |
| Refund liability | — |
| | 51,082 |
| | 54,353 |
| | — |
| | 105,435 |
| Other current liabilities | 16,590 |
| | 22,596 |
| | 60,872 |
| | — |
| | 100,058 |
| Current portion of operating lease liabilities | 204 |
| | 116,053 |
| | 99,915 |
| | — |
| | 216,172 |
| Current portion of long-term obligations | 10,649 |
| | 3,326 |
| | 122,308 |
| | — |
| | 136,283 |
| Total current liabilities | 47,451 |
| | 690,775 |
| | 1,259,820 |
| | (26,558 | ) | | 1,971,488 |
| Long-term operating lease liabilities, excluding current portion | 4,054 |
| | 712,259 |
| | 393,501 |
| | — |
| | 1,109,814 |
| Long-term obligations, excluding current portion | 1,624,269 |
| | 16,248 |
| | 2,452,249 |
| | — |
| | 4,092,766 |
| Intercompany notes payable | — |
| | 577,301 |
| | 657,322 |
| | (1,234,623 | ) | | — |
| Deferred income taxes | 7,187 |
| | 135,287 |
| | 163,296 |
| | — |
| | 305,770 |
| Other noncurrent liabilities | 120,344 |
| | 75,446 |
| | 133,508 |
| | — |
| | 329,298 |
| Stockholders' equity: | | | | | | | | | | Total Company stockholders’ equity | 4,799,482 |
| | 3,467,148 |
| | 1,944,406 |
| | (5,411,554 | ) | | 4,799,482 |
| Noncontrolling interest | — |
| | — |
| | 57,292 |
| | — |
| | 57,292 |
| Total stockholders’ equity | 4,799,482 |
| | 3,467,148 |
| | 2,001,698 |
| | (5,411,554 | ) | | 4,856,774 |
| Total liabilities and stockholders' equity | $ | 6,602,787 |
| | $ | 5,674,464 |
| | $ | 7,061,394 |
| | $ | (6,672,735 | ) | | $ | 12,665,910 |
|
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LKQ CORPORATION AND SUBSIDIARIES Unaudited Condensed Consolidating Balance Sheets (In thousands) | | | | | | | | | | | | | | | | | | | | | | December 31, 2018 | | Parent | | Guarantors | | Non-Guarantors | | Eliminations | | Consolidated | Assets | | | | | | | | | | Current assets: | | | | | | | | | | Cash and cash equivalents | $ | 25,633 |
| | $ | 29,285 |
| | $ | 276,843 |
| | $ | — |
| | $ | 331,761 |
| Receivables, net | 310 |
| | 316,726 |
| | 837,047 |
| | — |
| | 1,154,083 |
| Intercompany receivables, net | 6,978 |
| | — |
| | 12,880 |
| | (19,858 | ) | | — |
| Inventories | — |
| | 1,343,612 |
| | 1,492,463 |
| | — |
| | 2,836,075 |
| Prepaid expenses and other current assets | 18,611 |
| | 99,356 |
| | 81,063 |
| | — |
| | 199,030 |
| Total current assets | 51,532 |
| | 1,788,979 |
| | 2,700,296 |
| | (19,858 | ) | | 4,520,949 |
| Property, plant and equipment, net | 1,547 |
| | 600,054 |
| | 618,561 |
| | — |
| | 1,220,162 |
| Intangible assets: | | | | | | | | | | Goodwill | — |
| | 1,973,364 |
| | 2,408,094 |
| | — |
| | 4,381,458 |
| Other intangibles, net | 260 |
| | 272,451 |
| | 656,041 |
| | — |
| | 928,752 |
| Investment in subsidiaries | 5,224,006 |
| | 111,826 |
| | — |
| | (5,335,832 | ) | | — |
| Intercompany notes receivable | 1,220,582 |
| | 10,515 |
| | — |
| | (1,231,097 | ) | | — |
| Equity method investments | — |
| | 16,404 |
| | 162,765 |
| | — |
| | 179,169 |
| Other assets | 70,283 |
| | 40,548 |
| | 52,081 |
| | — |
| | 162,912 |
| Total assets | $ | 6,568,210 |
| | $ | 4,814,141 |
| | $ | 6,597,838 |
| | $ | (6,586,787 | ) | | $ | 11,393,402 |
| Liabilities and Stockholders’ Equity | | | | | | | | | | Current liabilities: | | | | | | | | | | Accounts payable | $ | 2,454 |
| | $ | 343,116 |
| | $ | 596,828 |
| | $ | — |
| | $ | 942,398 |
| Intercompany payables, net | — |
| | 12,880 |
| | 6,978 |
| | (19,858 | ) | | — |
| Accrued expenses: | | | | | | | | | | Accrued payroll-related liabilities | 6,652 |
| | 70,267 |
| | 95,086 |
| | — |
| | 172,005 |
| Other accrued expenses | 5,454 |
| | 105,672 |
| | 177,299 |
| | — |
| | 288,425 |
| Refund liability | — |
| | 50,899 |
| | 53,686 |
| | — |
| | 104,585 |
| Other current liabilities | 283 |
| | 17,860 |
| | 42,966 |
| | — |
| | 61,109 |
| Current portion of long-term obligations | 8,459 |
| | 2,932 |
| | 110,435 |
| | — |
| | 121,826 |
| Total current liabilities | 23,302 |
| | 603,626 |
| | 1,083,278 |
| | (19,858 | ) | | 1,690,348 |
| Long-term obligations, excluding current portion | 1,628,677 |
| | 13,532 |
| | 2,546,465 |
| | — |
| | 4,188,674 |
| Intercompany notes payable | — |
| | 597,283 |
| | 633,814 |
| | (1,231,097 | ) | | — |
| Deferred income taxes | 8,045 |
| | 135,355 |
| | 168,034 |
| | — |
| | 311,434 |
| Other noncurrent liabilities | 125,888 |
| | 99,147 |
| | 139,159 |
| | — |
| | 364,194 |
| Stockholders' equity: | | | | | | | | | | Total Company stockholders’ equity | 4,782,298 |
| | 3,365,198 |
| | 1,970,634 |
| | (5,335,832 | ) | | 4,782,298 |
| Noncontrolling interest | — |
| | — |
| | 56,454 |
| | — |
| | 56,454 |
| Total stockholders’ equity | 4,782,298 |
| | 3,365,198 |
| | 2,027,088 |
| | (5,335,832 | ) | | 4,838,752 |
| Total liabilities and stockholders' equity | $ | 6,568,210 |
| | $ | 4,814,141 |
| | $ | 6,597,838 |
| | $ | (6,586,787 | ) | | $ | 11,393,402 |
|
|
| Consolidated Condensed Statements of Cash Flows |
LKQ CORPORATION AND SUBSIDIARIES Unaudited Condensed Consolidating Statements of Cash Flows (In thousands) | | | | | | | | | | | | | | | | | | | | | | For the Three Months Ended March 31, 2019 | | Parent | | Guarantors | | Non-Guarantors (1) | | Eliminations | | Consolidated | CASH FLOWS FROM OPERATING ACTIVITIES: | | | | | | | | | | Net cash provided by operating activities | $ | 65,970 |
| | $ | 9,150 |
| | $ | 54,335 |
| | $ | 47,770 |
| | $ | 177,225 |
| CASH FLOWS FROM INVESTING ACTIVITIES: | | | | | | | | | | Purchases of property, plant and equipment | (438 | ) | | (30,128 | ) | | (22,450 | ) | | — |
| | (53,016 | ) | Investment and intercompany note activity with subsidiaries | 23,342 |
| | — |
| | — |
| | (23,342 | ) | | — |
| Acquisitions, net of cash acquired | — |
| | (152 | ) | | (4,633 | ) | | — |
| | (4,785 | ) | Receipts of deferred purchase price on receivables under factoring arrangements | — |
| | 75,123 |
| | — |
| | (75,123 | ) | | — |
| Other investing activities, net | — |
| | 89 |
| | (72 | ) | | — |
| | 17 |
| Net cash provided by (used in) investing activities | 22,904 |
| | 44,932 |
| | (27,155 | ) | | (98,465 | ) | | (57,784 | ) | CASH FLOWS FROM FINANCING ACTIVITIES: | | | | | | | | | | Proceeds from exercise of stock options | 1,334 |
| | — |
| | — |
| | — |
| | 1,334 |
| Taxes paid related to net share settlements of stock-based compensation awards | (1,505 | ) | | — |
| | — |
| | — |
| | (1,505 | ) | Purchase of treasury stock | (70,462 | ) | | — |
| | — |
| | — |
| | (70,462 | ) | Borrowings under revolving credit facilities | 194,000 |
| | — |
| | 90,641 |
| | — |
| | 284,641 |
| Repayments under revolving credit facilities | (194,966 | ) | | — |
| | (117,373 | ) | | — |
| | (312,339 | ) | Repayments under term loans | (2,188 | ) | | — |
| | — |
| | — |
| | (2,188 | ) | Borrowings under receivables securitization facility | — |
| | — |
| | 6,600 |
| | — |
| | 6,600 |
| Repayments under receivables securitization facility | — |
| | — |
| | (36,910 | ) | | — |
| | (36,910 | ) | Borrowings (repayments) of other debt, net | — |
| | 763 |
| | (1,388 | ) | | — |
| | (625 | ) | Other financing activities, net | (17 | ) | | — |
| | (1,260 | ) | | — |
| | (1,277 | ) | Investment and intercompany note activity with parent | — |
| | (25,502 | ) | | 2,160 |
| | 23,342 |
| | — |
| Dividends | — |
| | (27,353 | ) | | — |
| | 27,353 |
| | — |
| Net cash used in financing activities | (73,804 | ) | | (52,092 | ) | | (57,530 | ) | | 50,695 |
| | (132,731 | ) | Effect of exchange rate changes on cash, cash equivalents and restricted cash | — |
| | 469 |
| | (2,982 | ) | | — |
| | (2,513 | ) | Net increase (decrease) in cash, cash equivalents and restricted cash | 15,070 |
| | 2,459 |
| | (33,332 | ) | | — |
| | (15,803 | ) | Cash, cash equivalents and restricted cash, beginning of period | 25,633 |
| | 29,285 |
| | 282,332 |
| | — |
| | 337,250 |
| Cash, cash equivalents and restricted cash, end of period | $ | 40,703 |
| | $ | 31,744 |
| | $ | 249,000 |
| | $ | — |
| | $ | 321,447 |
|
|
LKQ CORPORATION AND SUBSIDIARIES Unaudited Condensed Consolidating Statements of Cash Flows (In thousands) | | | | | | | | | | | | | | | | | | | | | | For the Three Months Ended March 31, 2018 | | Parent | | Guarantors | | Non-Guarantors | | Eliminations | | Consolidated | CASH FLOWS FROM OPERATING ACTIVITIES: | | | | | | | | | | Net cash provided by operating activities | $ | 95,942 |
| | $ | 35,802 |
| | $ | 243 |
| | $ | 13,176 |
| | $ | 145,163 |
| CASH FLOWS FROM INVESTING ACTIVITIES: | | | | | | | | | | Purchases of property, plant and equipment | (163 | ) | | (29,908 | ) | | (32,118 | ) | | — |
| | (62,189 | ) | Investment and intercompany note activity with subsidiaries | 24,333 |
| | — |
| | — |
| | (24,333 | ) | | — |
| Acquisitions, net of cash acquired | — |
| | (2,966 | ) | | — |
| | — |
| | (2,966 | ) | Receipts of deferred purchase price on receivables under factoring arrangements (1) | — |
| | 68,171 |
| | — |
| | (68,171 | ) | | — |
| Other investing activities, net | — |
| | (145 | ) | | 679 |
| | — |
| | 534 |
| Net cash provided by (used in) investing activities | 24,170 |
| | 35,152 |
| | (31,439 | ) | | (92,504 | ) | | (64,621 | ) | CASH FLOWS FROM FINANCING ACTIVITIES: | | | | | | | | | | Proceeds from exercise of stock options | 2,255 |
| | — |
| | — |
| | — |
| | 2,255 |
| Taxes paid related to net share settlements of stock-based compensation awards | (3,292 | ) | | — |
| | — |
| | — |
| | (3,292 | ) | Borrowings under revolving credit facilities | 161,000 |
| | — |
| | 40,669 |
| | — |
| | 201,669 |
| Repayments under revolving credit facilities | (291,966 | ) | | — |
| | (29,559 | ) | | — |
| | (321,525 | ) | Repayments under term loans | (4,405 | ) | | — |
| | — |
| | — |
| | (4,405 | ) | (Repayments) borrowings of other debt, net | — |
| | (30 | ) | | 4,439 |
| | — |
| | 4,409 |
| Other financing activities, net | (724 | ) | | — |
| | 4,107 |
| | — |
| | 3,383 |
| Investment and intercompany note activity with parent | — |
| | (21,759 | ) | | (2,574 | ) | | 24,333 |
| | — |
| Dividends | — |
| | (54,995 | ) | | — |
| | 54,995 |
| | — |
| Net cash (used in) provided by financing activities | (137,132 | ) | | (76,784 | ) | | 17,082 |
| | 79,328 |
| | (117,506 | ) | Effect of exchange rate changes on cash and cash equivalents | — |
| | (326 | ) | | 3,203 |
| | — |
| | 2,877 |
| Net decrease in cash and cash equivalents | (17,020 | ) | | (6,156 | ) | | (10,911 | ) | | — |
| | (34,087 | ) | Cash and cash equivalents, beginning of period | 34,360 |
| | 35,131 |
| | 210,275 |
| | — |
| | 279,766 |
| Cash and cash equivalents, end of period | $ | 17,340 |
| | $ | 28,975 |
| | $ | 199,364 |
| | $ | — |
| | $ | 245,679 |
|
|
|