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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Cash used in operating activities    
Net income (loss) $ 11,270 $ (48,472)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Amortization of intangible assets 2,124 2,535
Depreciation 4,566 4,871
Stock-based compensation expense 385 394
Amortization of financing fees 2,178 2,819
Deferred income taxes 189 29
Other adjustments, net 1,746 941
Changes in operating assets and liabilities:    
Accounts receivable (24,796) (4,952)
Inventory 20,426 (34,840)
Prepaid expenses, right-of-use assets and other assets (4,251) (103)
Accounts payable (17,004) 62,105
Income taxes receivable 3,721 0
Accrued expenses 2,107 (42,759)
Other noncurrent liabilities (11,506) (4,046)
Net cash used in operating activities (8,845) (61,478)
Cash (used in) provided by investing activities    
Capital expenditures (1,354) (1,968)
Return of investment in joint venture 0 2,263
Other investing activities, net 0 103
Net cash (used in) provided by investing activities (1,354) 398
Cash provided by financing activities    
Repayments of long-term debt and lease liabilities (256) (380)
Proceeds from debt financings 31,582 51,309
Repayment of short-term financings (1,168) (1,180)
Payments of deferred financing costs (1,787) (3,162)
Other financing activities, net (4) (42)
Net cash provided by financing activities 28,367 46,545
Net increase (decrease) in cash, cash equivalents, and restricted cash 18,168 (14,535)
Cash, cash equivalents, and restricted cash at beginning of the year 9,732 24,267
Cash, cash equivalents, and restricted cash at end of the year 27,900 9,732
Reconciliation of cash, cash equivalents, and restricted cash to the Consolidated Balance Sheets    
Cash and cash equivalents 24,296 6,255
Restricted cash 3,604 3,477
Total cash, cash equivalents, and restricted cash $ 27,900 $ 9,732