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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Cash Flows From Operating Activities      
Net income $ 34,928 $ 7,201 $ 48,867
Adjustments to reconcile net income to net cash provided by (used for) operating activities      
Depreciation and amortization 39,277 38,593 22,786
Amortization of deferred financing costs 2,323 1,917 313
Amortization of acquisition-related inventory step-up 0 4,457 0
Non-cash stock-based compensation expense 3,536 1,660 6,671
(Gain) loss on disposal of fixed assets 604 201 (195)
Impairment charges 0 22,016 [1] 0
Deferred taxes 3,206 (6,048) 1,039
Other (2,100) (297) 944
Cash flows provided by (used for) working capital      
Accounts receivable - trade and other, net (11,908) 26,822 2,656
Inventories 11,393 6,227 2,630
Prepaid expenses and other current assets (2,800) (525) 151
Accounts payable and accrued expenses 8,302 (22,932) 310
Net cash provided by (used for) operating activities 86,761 79,292 86,172
Cash Flows From Investing Activities      
Capital expenditures (19,553) (24,435) (22,855)
Acquisition of business, net of cash acquired 0 (348,312) (160)
Proceeds from sale of property, plant and equipment 624 242 258
Net cash provided by (used for) investing activities (18,929) (372,505) (22,757)
Cash Flows From Financing Activities      
Borrowings on revolving credit facility 301,800 466,400 740,000
Repayments on revolving credit facility (301,800) (486,400) (776,000)
Proceeds from Term Loan A 0 400,000 0
Repayments of Term Loan A (31,000) (18,000) 0
Repayments of senior unsecured notes 0 (38,000) 0
Payments on finance lease (621) (593) (542)
Cash dividends paid (20,494) (20,432) (20,240)
Proceeds from issuance of common stock 1,122 3,342 2,338
Shares withheld for employee taxes on equity awards (965) (2,050) (2,072)
Repurchase of common stock (2,525) 0 0
Deferred financing fees 0 (9,172) 0
Net cash provided by (used for) financing activities (54,483) 295,095 (56,516)
Foreign exchange rate effect on cash (521) 50 252
Net increase (decrease) in cash 12,828 1,932 7,151
Cash at January 1 32,222 30,290 23,139
Cash at December 31 45,050 32,222 30,290
Supplemental Disclosures of Cash Flow Information      
Interest 27,714 31,653 5,980
Income taxes $ 15,124 $ 13,036 $ 13,451
[1] The Company recognized $22.0 million of non-cash impairment charges, as described in Note 4, for the year ended December 31, 2024, which are included in Material Handling's results.