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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Operating activities:    
Net income $ 915 $ 6,033
Reconciliation of net income to net cash provided by operating activities:    
Depreciation, amortization, and accretion 8,755 8,670
(Gain) loss on investments (2,795) 505
Equity-based compensation expense 1,623 1,276
Recovery of credit losses (115) (21)
Amortization and expense of financing costs 380 884
Expense unamortized finance costs 5,535 0
Insurance recoveries associated with damaged equipment 0 (2,850)
Gain on sale of assets (29) (170)
Other non-cash credits (553) (100)
Changes in operating assets and liabilities:    
Accounts receivable (19,605) 12,626
Inventories 1,542 (11,313)
Prepaid expenses and other current assets (3,918) 4,496
Trade accounts payable and accrued expenses (5,577) (11,179)
Other 26 128
Net cash provided by (used in) operating activities (13,816) 8,985
Investing activities:    
Purchases of property, plant, and equipment, net (15,827) (12,784)
Proceeds from sale of property, plant, and equipment 251 289
Proceeds from insurance recoveries associated with damaged equipment 0 2,850
Other investing activities (172) (1,552)
Net cash used in investing activities (15,748) (11,197)
Financing activities:    
Proceeds from credit agreements and long-term debt 184,456 52,756
Principal payments on credit agreements and long-term debt (163,215) (47,362)
Payments on financing lease obligations (277) (258)
Shares withheld for taxes on equity-based compensation (2,339) 0
Debt issuance costs and other financing activities (5,277) 0
Net cash provided by financing activities 13,348 5,136
Effect of exchange rate changes on cash (330) 167
Increase (decrease) in cash and cash equivalents (16,546) 3,091
Cash and cash equivalents at beginning of period 52,485 13,592
Cash and cash equivalents at beginning of period $ 35,939 $ 16,683