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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Operating activities    
Net income $ 11,456 $ 17,396
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation expense 6,188 5,931
Amortization expense 1,877 1,934
Stock-based compensation expense 5,154 1,831
Amortization of debt issuance costs and debt discount 917 936
Loss on debt extinguishment   218
Deferred income taxes (2,181) 426
Other, net 302 253
Changes in operating assets and liabilities:    
Accounts receivable, net (2,720) 5,287
Inventories (15,584) (7,351)
Prepaid expenses and other assets (20,316) (1,381)
Income taxes, net 1,598 (772)
Accounts payable 7,079 (1,758)
Accrued expenses and other liabilities 9,858 (9,784)
Deferred revenue and customer deposits 480 (2,844)
Cash provided by operating activities 4,108 10,322
Investing activities    
Capital expenditures for plant, equipment and leasehold improvements, net (2,744) (6,594)
Other   128
Cash used in investing activities (2,744) (6,466)
Financing activities    
Principal payments on 2026 Senior Notes   (14,877)
Proceeds from 2026 ABL Revolver 4,000 13,000
Payments on finance lease obligations (2,413) (1,739)
Common stock repurchased (6,481)  
Other (1,404) (120)
Cash used in financing activities (6,298) (3,736)
Effect of exchange rates on cash   11
Net (decrease) increase in cash and cash equivalents (4,934) 131
Cash and cash equivalents, beginning of period 12,413 11,037
Cash and cash equivalents, end of period 7,479 11,168
Supplemental disclosures of cash flow information    
Cash paid (refunded) during the period for: Interest 12,332 13,135
Cash paid (refunded) during the period for: Income taxes paid 6,481 7,408
Cash paid (refunded) during the period for: Income taxes refunded (272) (26)
Right-of-use assets obtained in exchange for lease obligations- Operating leases 1,292 168
Right-of-use assets obtained in exchange for lease obligations- Financing leases 983 2,169
Accounts payable and accrued expenses for capital expenditures for plant, equipment and leasehold improvements 500 $ 368
Unsettled share repurchases included in accrued expenses $ 2,197