XML 23 R7.htm IDEA: XBRL DOCUMENT v3.25.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash Flows From Operating Activities:      
Net income $ 13,166 $ 24,097 $ 17,389
Adjustments to reconcile net income to net cash provided by operating activities      
Depreciation and amortization 25,891 25,068 25,486
Deferred income taxes (2,353) (5,036) (3,722)
Provision for excess and obsolete inventory 4,943 2,487 1,628
Stock-based compensation expense 4,147 5,477 5,073
Debt issue cost amortization recorded in interest expense 534 300 202
Other (119) 1,424 393
Changes in operating assets and liabilities, net of acquisitions:      
Trade receivables 7,455 (5,568) (22,202)
Inventories 7,358 (1,781) (27,800)
Prepaid expenses and other assets 2,412 1,324 887
Accounts payable (12,755) (935) 2,791
Accrued liabilities (8,829) (1,819) 5,471
Net cash provided by operating activities 41,850 45,038 5,596
Cash Flows From Investing Activities:      
Consideration paid for acquisitions, net of cash acquired (25,231) (11,004) (44,101)
Purchase of property and equipment (9,683) (11,603) (15,910)
Net cash used in investing activities (34,914) (22,607) (60,011)
Cash Flows From Financing Activities:      
Proceeds from issuance of long-term debt 76,898 11,000 74,731
Principal payments of long-term debt and finance lease obligations (68,433) (28,395) (7,585)
Payment of contingent consideration (2,450)    
Payment of debt issuance costs (3,154)   (391)
Dividends paid to stockholders (1,981) (1,826) (1,536)
Tax withholdings related to net share settlements of restricted stock (1,723) (2,096) (1,614)
Net cash (used in) provided by financing activities (843) (21,317) 63,605
Effect of foreign exchange rate changes on cash (1,892) 173 (1,039)
Net increase in cash and cash equivalents 4,201 1,287 8,151
Cash and cash equivalents at beginning of period 31,901 30,614 22,463
Cash and cash equivalents at end of period 36,102 31,901 30,614
Supplemental disclosure of cash flow information:      
Stock issued for acquisitions 6,250 7,329 11,103
Stock issued to settle contingent consideration 4,874    
Property, plant and equipment purchases in accounts payable or accrued expenses $ 336 $ 1,427 $ 620