XML 20 R7.htm IDEA: XBRL DOCUMENT v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
OPERATING ACTIVITIES:    
Net income (loss) $ 19,175 $ (23,235)
Adjustments to reconcile net income (loss) to net cash from operating activities:    
Depreciation 9,704 10,551
Amortization of intangible assets 13,778 13,884
Impairment of indefinite-lived intangible assets 0 7,695
Impairment of goodwill 0 40,906
Amortization of deferred loan costs 1,726 1,756
Amortization of right of use assets 5,397 5,234
Fair value adjustments to warrant liability 1,211 (7,570)
Fair value adjustments to earn-out liability 897 (2,333)
Fair value adjustments to interest rate collar 3,439 (1,104)
Equity compensation 8,163 5,170
Change in deferred taxes 9,149 (16,151)
Loss on sale of assets 0 9,234
Loss (gain) on early extinguishment of long-term debt 93 (141)
Loss (gain) on disposal of property, plant and equipment 722 (568)
Provision for inventory reserves 4,175 11,057
Provision for credit losses 362 1,343
Change in operating assets and liabilities:    
Accounts receivable (21,409) 10,756
Inventories (17,076) (16,557)
Prepaids and other current assets (6,181) 2,979
Accounts payable 12,861 1,233
Accrued interest 115 (455)
Accrued and other liabilities 105 (7,067)
Net cash provided by operating activities 46,220 46,899
INVESTING ACTIVITIES:    
Capital expenditures (12,321) (6,804)
Acquisition of license agreement (20,230) 0
Proceeds from the disposal of fixed assets 322 1,726
Proceeds from sale of business 0 7,099
Net cash (used in) provided by investing activities (32,229) 2,021
FINANCING ACTIVITIES:    
Deferred financing fees 343 (679)
Payments from stock-based award activities (847) (1,482)
Borrowings under revolving credit facility 10,000 0
Repayment of borrowings under revolving credit facility (10,000) 0
Net cash used in financing activities (32,612) (34,605)
Effect of foreign currency rate fluctuations on cash (235) 691
Net change in cash and cash equivalents (18,856) 15,006
Cash and cash equivalents:    
Beginning of period 56,087 41,081
End of period 37,231 56,087
Supplemental disclosures of cash flow information:    
Cash paid for interest 46,597 52,160
Income Taxes Paid, Net 10,425 11,142
Property, Plant and Equipment    
Noncash investing and financing activities:    
Property and equipment additions included in accounts payable 2,378 1,134
Indefinite-Lived Intangible Assets    
Noncash investing and financing activities:    
Property and equipment additions included in accounts payable 3,570 0
Principal Payment    
FINANCING ACTIVITIES:    
Principal payments on long-term debt $ (32,108) $ (32,444)