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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Operating Activities    
Net loss $ (9,533) $ (21,980)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Stock-based compensation 297 509
Bad debt expense 263 58
Depreciation of property and equipment 3,330 3,189
Amortization of intangible assets 1,252 2,271
Amortization of debt discount 1,701 74
Non-cash operating lease expense (222) (30)
Loss on sale of businesses, property and equipment 459 29
Deferred income taxes 472 (5,032)
Change in fair value of warrant liabilities (4,282) 0
Impairment charges 2,900 0
Changes in operating assets and liabilities:    
Receivables (4,308) (4,608)
Inventories 32,346 109,442
Prepaid expenses and other (4,155) 1,193
Income tax receivable 4,421 (1,612)
Other assets (504) (333)
Accounts payable, accrued expenses and other current liabilities 1,595 (2,930)
Net cash provided by operating activities 26,032 80,240
Investing Activities    
Net proceeds from sale of businesses, property and equipment 113,947 0
Purchases of property and equipment (15) (8,765)
Net cash provided by (used) in investing activities 113,932 (8,765)
Financing Activities    
Net repayments under M&T bank floor plan (95,136) (89,016)
Principal repayments on revolving credit facility (2,500) 0
Principal repayments on long-term debt and finance liabilities (47,303) (1,176)
Loan issuance costs 0 (18)
Net cash used in financing activities (144,939) (90,210)
Net decrease in cash (4,975) (18,735)
Cash, beginning of period 24,702 58,085
Cash, end of period $ 19,727 $ 39,350