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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Operating activities    
Net income $ 12,153 $ 8,642
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Depreciation and amortization expense 7,181 8,039
Stock-based compensation expense 1,962 98
Amortization of debt issuance costs and debt discount 967 1,393
Loss on debt extinguishment 395 5,048
Deferred income tax 305 38
Other, net 788 142
Changes in operating assets and liabilities:    
Accounts receivable (12,280) (1,384)
Inventories (17,853) (15,600)
Prepaid expenses and other assets (409) (752)
Income taxes, net 256 7,989
Accounts payable 1,690 2,548
Accrued expenses and other liabilities (2,955) 7,260
Deferred revenue and customer deposits (348) (715)
Cash (used in) provided by operating activities (8,148) 22,746
Investing activities    
Capital expenditures for plant, equipment and leasehold improvements (8,179) (3,703)
Other 15 156
Cash used in investing activities (8,164) (3,547)
Financing activities    
Principal payments on First Lien Term Loan   (312,500)
Principal payments on Senior Credit Facility   (30,000)
Principal payments on Senior Notes (20,000)  
Principal payments on ABL Revolver (10,000) (15,000)
Proceeds from Senior Notes   310,000
Proceeds from ABL Revolver, net of discount 35,000 14,750
Proceeds from exercises of stock options   34
Debt issuance costs (262) (9,452)
Payments on debt extinguishment and other (660) (2,685)
Proceeds from finance lease financing 2,074  
Payments on finance lease obligations (1,435) (1,287)
Cash provided by (used in) financing activities 4,717 (46,140)
Effect of exchange rate on cash (37) 5
Net decrease in cash and cash equivalents (11,632) (26,936)
Cash and cash equivalents, beginning of period 20,683 57,603
Cash and cash equivalents, end of period 9,051 30,667
Supplemental disclosures of cash flow information    
Cash paid during the period for: Interest 13,985 8,604
Cash paid during the period for: Income taxes paid 5,746 2,284
Cash paid during the period for: Income taxes (refunded) (449) (6,003)
Right-of-use assets obtained in exchange for lease obligations- Operating leases 816 3,363
Right-of-use assets obtained in exchange for lease obligations- Financing leases 3,077 484
Accounts payable and accrued expenses for capital expenditures for plant, equipment and leasehold improvements $ 3,110 $ 399