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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Operating activities:    
Net income $ 8,555 $ 24,230
Reconciliation of net income to net cash provided by operating activities:    
Depreciation, amortization, and accretion 17,530 17,127
Impairment and other charges 0 777
Gain on investments (2,841) (403)
Equity-based compensation expense 3,423 2,768
(Recovery of) provision for credit losses (167) 720
Amortization and expense of financing costs 884 1,781
Loss on debt extinguishment 5,535 0
Insurance recoveries associated with damaged equipment 0 (2,850)
Gain on sale of assets (67) (281)
Other non-cash credits (686) (737)
Changes in operating assets and liabilities:    
Accounts receivable (23,625) (514)
Inventories 11,995 (8,549)
Prepaid expenses and other current assets (3,160) 2,242
Trade accounts payable and accrued expenses (6,490) 443
Other 129 603
Net cash provided by (used in) operating activities 11,015 37,357
Investing activities:    
Purchases of property, plant, and equipment, net (31,219) (23,274)
Proceeds from sale of property, plant, and equipment 372 497
Proceeds from insurance recoveries associated with damaged equipment 0 2,850
Purchase of investments 0 (250)
Other investing activities (194) (1,827)
Net cash used in investing activities (31,041) (22,004)
Financing activities:    
Proceeds from credit agreements and long-term debt 184,613 97,169
Principal payments on credit agreements and long-term debt (163,372) (98,237)
Payments on financing lease obligations (640) (689)
Debt issuance costs (5,956) 0
Shares withheld for taxes on equity-based compensation (2,387) 0
Other financing activities (1,280) 0
Net cash provided by (used in) financing activities 10,978 (1,757)
Effect of exchange rate changes on cash (685) 487
Increase (decrease) in cash and cash equivalents (9,733) 14,083
Cash and cash equivalents at beginning of period 52,485 13,592
Cash and cash equivalents at beginning of period 42,752 27,675
Reconciliation of cash, cash equivalents, and restricted cash to the consolidated balance sheets    
Cash and cash equivalents at end of period 37,713 27,675
Restricted cash at end of period 5,039 0
Total cash, cash equivalents, and restricted cash at end of period shown in the consolidated statements of cash flows $ 42,752 $ 27,675