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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Dec. 31, 2024
Cash flows from operating activities:          
Net income (loss) $ 1,731 $ 8,792 $ 11,832 $ 12,080  
Adjustments for noncash items:          
Depreciation     10,018 12,357  
Amortization of identifiable intangibles     879 948  
Reduction of right-of-use lease asset     1,064 1,178  
Deferred income taxes     1,209 2,248  
Accrued pension and post-retirement benefits     107 109  
Stock-based compensation expense     919 1,086  
Gain on investment in kaléo     0 (144)  
Gain on the sale of assets     (1,492) 0  
Gain on the sale of divested business 0 0 (9,657) 0 $ 74,900
Changes in assets and liabilities:          
Accounts and other receivables     (14,016) (17,160)  
Inventories     (15,263) (10,357)  
Income taxes recoverable/payable     (349) (539)  
Prepaid expenses and other     8,897 2,597  
Accounts payable and accrued expenses     2,336 3,305  
Lease liability     (1,240) (1,408)  
Pension and postretirement benefit plan contributions     (291) (306)  
Other, net     2,195 1,335  
Net cash provided by (used in) operating activities     (2,852) 7,329  
Cash flows from investing activities:          
Capital expenditures     (5,638) (4,782)  
Proceeds from the sale of Terphane     9,835 0  
Proceeds on sale of investment in kaléo     0 144  
Proceeds from the sale of assets     1,904 83  
Net cash provided by (used in) investing activities     6,101 (4,555)  
Cash flows from financing activities:          
Borrowings     88,197 340,818  
Debt principal payments     (87,494) (345,140)  
Debt financing costs     (1,272) (587)  
Net cash provided by (used in) financing activities     (569) (4,909)  
Effect of exchange rate changes on cash     53 (2,651)  
Increase (decrease) in cash and cash equivalents     2,733 (4,786)  
Cash and cash equivalents at beginning of period     7,062 13,455 13,455
Cash and cash equivalents at end of period $ 9,795 $ 8,669 $ 9,795 $ 8,669 $ 7,062