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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Operating activities    
Net loss $ (42,626) $ (50,524)
Loss from discontinued operations, net of taxes 681 711
Adjustments to reconcile to net cash used by continuing operations:    
Depreciation, depletion and amortization 31,296 31,701
Amortization of debt issue costs and original issue discount 2,059 3,281
Pension settlement charge 0 633
Deferred income tax (benefit) expense (394) 959
Losses (gains) on dispositions of plant, equipment and timberlands, net 71 (665)
Share-based compensation 1,469 1,307
Change in operating assets and liabilities:    
Accounts receivable (7,379) 4,180
Inventories (12,305) (1,656)
Prepaid and other current assets 14,847 7,418
Accounts payable 1,685 (58,129)
Accruals and other current liabilities (11,535) 3,633
Other 1,579 4,130
Net cash used by operating activities from continuing operations (20,552) (53,021)
Investing activities    
Expenditures for purchases of plant, equipment and timberlands (13,172) (17,458)
Proceeds from disposals of plant, equipment and timberlands, net 17 735
Net cash used by investing activities from continuing operations (13,155) (16,723)
Financing activities    
Proceeds from term loan 0 262,273
Repayment of term loans (988) (226,451)
Net borrowings (repayments) under revolving credit facility 18,149 (14,988)
Payments of borrowing costs (60) (10,071)
Payments related to share-based compensation awards and other (158) (248)
Net cash provided by financing activities from continuing operations 16,943 10,515
Effect of exchange rate changes on cash (1,304) 1,096
Net decrease in cash, cash equivalents and restricted cash (18,068) (58,133)
Decrease in cash, cash equivalents and restricted cash from discontinued operations (231) (428)
Cash, cash equivalents and restricted cash at the beginning of period 55,360 119,162
Cash, cash equivalents and restricted cash at the end of period 37,061 60,601
Less: restricted cash in Prepaid expenses and other current assets (3,129) (3,600)
Less: restricted cash in Other assets 0 (3,137)
Cash and cash equivalents at the end of period 33,932 53,864
Cash paid for:    
Interest 33,108 27,001
Income taxes, net $ 5,055 $ 4,109