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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash Flows From Operating Activities    
Net income (loss) $ 2,904 $ 36,328
Adjustments to reconcile net income (loss) to net cash provided by (used for) operating activities    
Depreciation and amortization 28,760 16,904
Amortization of deferred financing costs 1,318 234
Amortization of acquisition-related inventory step-up 4,457 0
Non-cash stock-based compensation expense 737 5,078
(Gain) loss on disposal of fixed assets 253 (78)
Impairment charges 22,016 0
Other 550 2,473
Cash flows provided by (used for) working capital    
Accounts receivable - trade and other, net 15,646 13,764
Inventories (1,385) (2,905)
Prepaid expenses and other current assets (1,668) (2,053)
Accounts payable and accrued expenses (21,644) 1,027
Net cash provided by (used for) operating activities 51,944 70,772
Cash Flows From Investing Activities    
Capital expenditures (17,302) (19,292)
Acquisition of business, net of cash acquired (348,312) (160)
Proceeds from sale of property, plant and equipment 112 142
Net cash provided by (used for) investing activities (365,502) (19,310)
Cash Flows From Financing Activities    
Net borrowings (repayments) from revolving credit facility (15,000) (34,000)
Proceeds from Term Loan A 400,000 0
Repayments of Term Loan A (10,000) 0
Repayments of senior unsecured notes (38,000) 0
Payments on finance lease (442) (403)
Cash dividends paid (15,392) (15,266)
Proceeds from issuance of common stock 3,053 1,948
Shares withheld for employee taxes on equity awards (2,027) (2,055)
Deferred financing fees (9,172) 0
Net cash provided by (used for) financing activities 313,020 (49,776)
Foreign exchange rate effect on cash (42) (57)
Net increase (decrease) in cash (580) 1,629
Cash at January 1 30,290 23,139
Cash at September 30 $ 29,710 $ 24,768