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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
OPERATING ACTIVITIES    
Net loss $ (43,900) $ (24,427)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 11,135 9,833
Goodwill impairment 33,237 0
Amortization of financing costs 1,390 1,471
Mark to market loss on interest rate derivatives 747 256
Operating leases, net (1,134) (965)
Provision (recovery) for doubtful accounts 1,408 (287)
Deferred income taxes 0 144
Stock compensation expense 2,106 1,844
Equity in losses, net of taxes 0 2,092
Loss on equity securities 0 14,152
Changes in operating assets and liabilities    
Accounts receivable 67,239 42,712
Inventory (12,318) (20,184)
Prepaid expenses, other current assets and other assets (629) 1,687
Accounts payable, accrued expenses and other liabilities (27,319) (3,213)
Income taxes receivable (5,036) (3,546)
Income taxes payable (869) (639)
NET CASH PROVIDED BY OPERATING ACTIVITIES 26,057 20,930
INVESTING ACTIVITIES    
Purchases of property and equipment (2,746) (1,098)
NET CASH USED IN INVESTING ACTIVITIES (2,746) (1,098)
FINANCING ACTIVITIES    
Payments for finance lease obligations (21) (14)
Payments of tax withholding for stock based compensation (416) (1,083)
Cash dividends paid (1,933) (1,977)
NET CASH USED IN FINANCING ACTIVITIES (14,363) (32,546)
Effect of foreign exchange on cash 168 (79)
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 9,116 (12,793)
Cash and cash equivalents at beginning of period 2,929 16,189
CASH AND CASH EQUIVALENTS AT END OF PERIOD 12,045 3,396
Revolving Credit Facility    
FINANCING ACTIVITIES    
Proceeds from revolving credit facility 145,891 74,207
Repayments of revolving credit facility and term loan (154,134) (101,804)
Term Loan    
FINANCING ACTIVITIES    
Repayments of revolving credit facility and term loan $ (3,750) $ (1,875)