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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities:    
Net income $ 15,333 $ 7,322
Adjustments to reconcile net income to net cash provided by operations:    
Impairments and other non-cash charges 0 2,816
Depreciation and amortization 14,835 15,803
Stock-based compensation expense 3,122 3,298
Provision for deferred income taxes (2,196) (916)
Credit loss expense 1,040 464
Gain on sale of assets (1,049) (1,649)
Gain on insurance recovery (874) 0
Amortization of original issue discount and debt issuance costs 260 274
Change in assets and liabilities:    
Decrease in receivables 4,369 39,324
(Increase) decrease in inventories 12,158 (3,440)
Increase in other assets (1,524) (3,187)
Increase (decrease) in accounts payable 647 (14,453)
Decrease in accrued liabilities and other (6,590) (8,808)
Net cash provided by operating activities 39,531 36,848
Cash flows from investing activities:    
Capital expenditures (20,468) (15,347)
Proceeds from divestitures 0 18,086
Proceeds from sale of property, plant and equipment 2,042 2,304
Proceeds from insurance property claim 1,385 0
Net cash provided by (used in) investing activities (17,041) 5,043
Cash flows from financing activities:    
Borrowings on lines of credit 87,444 149,253
Payments on lines of credit (101,077) (167,435)
Purchases of treasury stock (4,332) (21,966)
Proceeds from employee stock plans 17 0
Other financing activities (7,040) (2,864)
Net cash used in financing activities (24,988) (43,012)
Effect of exchange rate changes on cash (961) 332
Net decrease in cash, cash equivalents, and restricted cash (3,459) (789)
Cash, cash equivalents, and restricted cash at beginning of period 38,901 25,061
Cash, cash equivalents, and restricted cash at end of period $ 35,442 $ 24,272