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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Operating activities    
Net income $ 12,749 $ 21,253
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation expense 9,448 8,970
Amortization expense 2,770 2,900
Stock-based compensation expense 6,936 4,431
Amortization of debt issuance costs 1,206 1,397
Loss on early extinguishment of debt 8,763 243
Deferred income taxes and other, net (1,781) 956
Changes in operating assets and liabilities:    
Accounts receivable, net (5,878) 12,988
Inventories (21,964) (5,806)
Prepaid expenses and other assets (19,343) 422
Income taxes, net (602) (1,616)
Accounts payable 8,326 (7,805)
Accrued expenses and other liabilities 15,396 (13,283)
Deferred revenue and customer deposits 626 (2,784)
Cash provided by operating activities 16,652 22,266
Investing activities    
Capital expenditures for plant, equipment and leasehold improvements, net (4,199) (6,076)
Other 1 183
Cash used in investing activities (4,198) (5,893)
Financing activities    
Principal payments on 2026 Senior Notes (267,897) (16,954)
Proceeds from 2029 Senior Notes 285,000  
Net proceeds from ABL Revolver   3,000
Payments on finance lease obligations (3,688) (2,655)
Common stock repurchased (8,678)  
Debt issuance costs (6,583)  
Payment for debt early redemption premium (5,776)  
Taxes withheld and paid on stock-based compensation awards (2,595) (327)
Cash used in financing activities (10,217) (16,936)
Effect of exchange rates on cash   (1)
Net increase (decrease) in cash and cash equivalents 2,237 (564)
Cash and cash equivalents, beginning of period 12,413 11,037
Cash and cash equivalents, end of period 14,650 10,473
Supplemental disclosures of cash flow information    
Cash paid (refunded) during the period for: Interest 25,128 25,307
Cash paid (refunded) during the period for: Income taxes paid 8,247 9,994
Cash paid (refunded) during the period for: Income taxes refunded (409) (25)
Right-of-use assets obtained in exchange for lease obligations- Operating leases 1,292 2,641
Right-of-use assets obtained in exchange for lease obligations- Financing leases 5,690 6,989
Accounts payable and accrued expenses for capital expenditures for plant, equipment and leasehold improvements $ 1,527 $ 977