XML 18 R7.htm IDEA: XBRL DOCUMENT v3.25.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash Flows From Operating Activities:    
Net income $ 9,174 $ 8,052
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 12,682 12,801
Deferred income taxes 61 18
Stock-based compensation expense 1,755 2,284
Debt issue cost amortization recorded in interest expense 323 261
Other 2,860 2,368
Changes in operating assets and liabilities, net of acquisitions:    
Trade receivables (3,594) 5,137
Inventories 7,125 941
Prepaid expenses and other assets (459) (461)
Accounts payable 5,107 (7,884)
Accrued liabilities 3,401 (6,140)
Net cash provided by operating activities 38,435 17,377
Cash Flows From Investing Activities:    
Consideration paid for acquisitions, net of cash acquired   (25,231)
Purchase of property and equipment (3,189) (5,328)
Net cash used in investing activities (3,189) (30,559)
Cash Flows From Financing Activities:    
Proceeds from issuance of long-term debt   76,898
Principal payments of long-term debt and finance lease obligations (22,221) (56,230)
Payment of contingent consideration   (2,450)
Payment of debt issuance costs (41) (2,329)
Dividends paid to stockholders (1,000) (1,008)
Tax withholdings related to net share settlements of restricted stock (1,024) (1,567)
Net cash (used in) provided by financing activities (24,286) 13,314
Effect of foreign exchange rate changes on cash 2,853 (741)
Net increase (decrease) in cash and cash equivalents 13,813 (609)
Cash and cash equivalents at beginning of period 36,102 31,901
Cash and cash equivalents at end of period 49,915 31,292
Supplemental disclosure of cash flow information:    
Stock issued for acquisitions   6,250
Stock issued to settle contingent consideration   4,874
Property, plant and equipment purchases in accounts payable or accrued expenses 203 941
Debt issuance costs in accounts payable or accrued expenses   164
Cash paid for interest 7,048 5,516
Cash paid for income taxes $ 4,054 $ 5,504