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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Operating activities:    
Net income $ 24,230 $ 9,444
Reconciliation of net income to net cash provided by operating activities:    
Depreciation, amortization, and accretion 17,127 15,427
Impairment and other charges 777 2,262
Gain on investments (403) (390)
Equity-based compensation expense 2,768 2,263
Provision for credit losses 720 244
Amortization and expense of financing costs 1,781 1,573
Insurance recoveries associated with damaged equipment (2,850) (3,750)
Gain on sale of assets (281) (719)
Other non-cash credits (737) (313)
Changes in operating assets and liabilities:    
Accounts receivable (514) (14,581)
Inventories (8,549) 4,519
Prepaid expenses and other current assets 2,242 (2,282)
Trade accounts payable and accrued expenses 443 11,185
Other 603 (1,079)
Net cash provided by (used in) operating activities 37,357 23,803
Investing activities:    
Purchases of property, plant, and equipment, net 23,274 20,412
Proceeds from sale of property, plant, and equipment 497 1,194
Proceeds from insurance recoveries associated with damaged equipment 2,850 3,750
Purchase of investment (250) 0
Other investing activities (1,827) (451)
Net cash used in investing activities (22,004) (15,919)
Financing activities:    
Proceeds from credit agreements and long-term debt 97,169 1,667
Principal payments on credit agreements and long-term debt (98,237) (3,267)
Payments on financing lease obligations (689) (1,174)
Net cash used in financing activities (1,757) (2,774)
Effect of exchange rate changes on cash 487 (329)
Increase in cash and cash equivalents 14,083 4,781
Cash and cash equivalents at beginning of period 13,592 31,551
Cash and cash equivalents at beginning of period $ 27,675 $ 36,332