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Condensed Statement of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
OPERATING ACTIVITIES      
Net (loss) income $ (27,139,000) $ 32,857,000 $ 561,000
Adjustments to reconcile net (loss) income to net cash used in operating activities:      
Depreciation 11,527,000 7,886,000 8,827,000
Amortization of intangible assets 13,999,000 11,082,000 10,456,000
Amortization of deferred loan costs 3,182,000 3,092,000 3,097,000
Increase in warrant liability 32,580,000
Increase in earn-out liability 8,875,000
Equity compensation 4,963,000 487,000 437,000
Change in deferred taxes (66,000) 6,750,000 (11,489,000)
Loss on early extinguishment of long-term debt 13,650,000
Loss (gain) on disposal of property, plant and equipment (82,000) 943,000 833,000
Inventory reserves 4,228,000 3,003,000 2,873,000
Allowance for credit losses 147,000 1,597,000 103,000
Changes in operating assets and liabilities:      
Accounts receivable 464,000 (11,349,000) 2,110,000
Inventories (45,073,000) 22,006,000 (7,058,000)
Prepaids and other current assets (13,408,000) 1,884,000 (378,000)
Accounts payable 8,727,000 8,399,000 181,000
Accrued interest (3,229,000) 737,000 (2,489,000)
Accrued and other liabilities 8,238,000 (961,000) 1,354,000
Net cash from operating activities 21,583,000 88,413,000 9,418,000
INVESTING ACTIVITIES.      
Capital expenditures (15,233,000) (9,433,000) (7,421,000)
Proceeds from the disposal of fixed assets 364,000 698,000
Cash paid for acquisitions, net (119,220,000) 156,833,000 (5,937,000)
Trademark Acquisition (50,000) (1,121,000)
Net cash used in investing activities (134,089,000) (165,618,000) (14,479,000)
FINANCING ACTIVITIES      
Net change under revolving credit agreement 25,000,000 (20,500,000) 6,500,000
Proceeds from long-term debt 630,000,000 170,000,000 0
Principal payments on long-term debt (687,529,000) (4,146,000) (3,800,000)
Proceeds from Business Combination and PIPE financing,net of issuance costs paid 132,299,000
Deferred financing fees (13,413,000) (4,710,000)
Payment of acquisition contingent consideration (9,200,000)
Capital contributions 150,000
Capital distributions, net (100,000) (417,000)
Net Cash Provided by (Used in) Financing Activities, Total 77,157,000 140,544,000 2,433,000
Net change in cash and cash equivalents (35,349,000) 63,339,000 (2,628,000)
Cash and cash equivalents:      
Beginning of period 71,674,000 8,335,000 10,963,000
End of period 36,325,000 71,674,000 8,335,000
Supplemental disclosures of cash flow information:      
Cash paid for interest 38,067,000 39,945,000 49,778,000
Cash paid for income taxes 10,648,000 3,239,000 4,434,000
Non-Cash Investing and Financing Activities:      
Assumption of warrant liability 28,713,000
Assumption of earn-out liability 17,722,000
Units exchanged in Detroit Speed transaction $ 2,000,000