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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities    
Net income $ 7,838 $ 6,420
Adjustments to reconcile net income to net cash used in operating activities    
Depreciation and amortization of intangible assets and loan fees 17,660 20,405
Loss on debt extinguishment 0 5,453
Loss on disposition of property, plant, and equipment 0 167
Stock based compensation expense 6,666 4,561
Other non-cash activity 48 176
Changes in assets and liabilities    
Accounts receivable (54,969) (57,011)
Inventories (63,771) (20,580)
Other assets (409) (2,166)
Accounts payable 26,481 (6,632)
Accrued wages payable (2,359) (482)
Other accrued expenses (2,569) 3,493
Net cash used in operating activities (65,384) (46,196)
Cash flows from investing activities    
Proceeds from disposition of property, plant, and equipment 0 350
Purchase of property, plant, and equipment (8,026) (18,302)
Net cash used in investing activities (8,026) (17,952)
Cash flows from financing activities    
Proceeds from issuance of long-term debt 44,000 630,568
Principal payments on long-term debt (42,800) (576,843)
Tax distributions to LLC Owners 0 (72)
Principal payments on finance lease obligations (744) (1,226)
Payment of deferred financing fees and debt discount 0 (6,360)
Tax withholding payments on Restricted Stock Units (865) (852)
Exercise of options to purchase class A common stock 115 12,588
Net cash (used in) provided by financing activities (294) 57,803
Net change in cash and cash equivalents (73,704) (6,345)
Effect of exchange rate changes on cash and cash equivalents (306) 52
Cash and cash equivalents, beginning of period 79,406 33,456
Cash and cash equivalents, end of period 5,396 27,163
Supplemental cash flow information    
Interest paid 13,380 8,051
Net change in property, plant, and equipment acquired through accounts payable 595 (358)
Finance lease additions 59 141
Income taxes paid, net of refunds 244 214
Accrued tax distribution $ 0 $ 7