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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Operating activities:    
Net income $ 6,033 $ 7,719
Reconciliation of net income to net cash provided by operating activities:    
Depreciation, amortization, and accretion 8,670 7,679
Loss (gain) on investments 505 (1,100)
Equity-based compensation expense 1,276 1,104
Provision for (recovery of) credit losses (21) 61
Amortization and expense of financing costs 884 780
Insurance recoveries associated with damaged equipment (2,850) (3,750)
Gain on sale of assets (170) (218)
Other non-cash credits (100) (101)
Changes in operating assets and liabilities:    
Accounts receivable 12,626 (13,185)
Inventories (11,313) 4,579
Prepaid expenses and other current assets 4,496 2,510
Trade accounts payable and accrued expenses (11,179) 9
Other 128 (153)
Net cash provided by (used in) operating activities 8,985 5,934
Investing activities:    
Purchases of property, plant, and equipment, net 12,784 9,305
Proceeds from sale of property, plant, and equipment 289 416
Proceeds from insurance recoveries associated with damaged equipment 2,850 3,750
Other investing activities (1,552) (453)
Net cash used in investing activities (11,197) (5,592)
Financing activities:    
Proceeds from long-term debt and credit agreements 52,756 1,533
Principal payments on long-term debt and credit agreements (47,362) (811)
Payments on financing lease obligations (258) 0
Net cash provided by financing activities 5,136 722
Effect of exchange rate changes on cash 167 236
Increase in cash and cash equivalents 3,091 1,300
Cash and cash equivalents at beginning of period 13,592 31,551
Cash and cash equivalents at end of period $ 16,683 $ 32,851