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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 (loss) $ 18,546 $ (4,042)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation 8,183 7,297
Amortization of intangibles and other long-term assets 22,249 20,869
Amortization of debt issuance costs 931 2,132
Amortization of Inventory Step-up 276 201
Stock-based compensation 7,568 278
Deferred Income Taxes (141) 622
Non-cash lease expense 438 668
Refinancing costs 1,645  
Other income, net (2,856)  
Changes in assets and liabilities:    
Accounts receivable (4,331) (11,462)
Inventories (13,694) (12,643)
Other assets (4,455) (3,565)
Accounts payable 2,825 3,531
Other liabilities (1,404) (2,384)
Environmental liabilities (1,145) (46)
Operating lease liabilities (392) (656)
Net cash provided by operating activities 34,243 800
Investing Activities    
Capital expenditures (6,084) (7,824)
Payment for acquisitions, net of cash acquired (383,222) (60,289)
Net cash used in investing activities (389,306) (68,113)
Financing Activities    
Net proceeds from issuance of common stock 325,408  
Payments of long-term debt (287,881) (4,333)
Proceeds from issuance of long-term debt 360,000 53,000
Financing costs, and other, net (8,876) (1,060)
Payments of finance lease liabilities (137) (95)
Net cash provided by financing activities 388,514 47,512
Effect of translation adjustments on cash and cash equivalents 239 (137)
Net increase (decrease) in cash and cash equivalents 33,690 (19,938)
Cash and cash equivalents, beginning of period 21,489 35,497
Cash and cash equivalents, end of period 55,179 15,559
Supplemental information    
Interest paid during the period, net of capitalized amounts 37,495 47,246
Income taxes paid (refunds received) during the period, net $ 7,925 $ 4,942