XML 18 R7.htm IDEA: XBRL DOCUMENT v3.25.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities:    
Net (loss) income $ (3,582) $ 13,396
Adjustments to reconcile net income to net cash (used for) provided by operating activities:    
Depreciation and amortization 32,494 27,423
Deferred income tax provision 2,410 12,978
Loss (gain) on fixed asset and investment sale 38 (388)
Stock-based compensation 479 1,801
Issuance of stock under 401(k) plan 827 892
Gain from property insurance settlement 0 (3,537)
Foreign currency loss (gain) 6,870 (1,063)
(Increase) decrease in assets, net of acquisitions:    
Accounts receivable (60,964) (8,437)
Inventories (13,172) 34,764
Prepaid and other current assets (3,335) (3,789)
Other assets (4,800) (1,468)
Increase (decrease) in liabilities, net of acquisitions:    
Accounts payable 24,038 (2,930)
Other current liabilities (7,499) 1,773
Other liabilities 1,918 1,431
Net cash (used for) provided by operating activities (24,278) 72,846
Cash flows from investing activities:    
Capital expenditures (25,121) (34,199)
Business acquisition, net of cash acquired 0 (142,207)
Proceeds from property insurance settlement 0 3,537
Proceeds from sale of fixed assets 275 1,597
Net cash used for investing activities (24,846) (171,272)
Cash flows from financing activities:    
Proceeds from borrowings 54,936 159,539
Repayments of debt (37,956) (34,095)
Payment of debt issuance costs 0 3,115
Repurchase of common stock 0 (7,762)
Other financing activities (74) (692)
Net cash provided by financing activities 16,906 113,875
Effect of exchange rate changes on cash 20,913 (11,600)
Net (decrease) increase in cash and cash equivalents (11,305) 3,849
Cash and cash equivalents, beginning of period 195,974 220,251
Cash and cash equivalents, end of period 184,669 224,100
Supplemental information:    
Interest paid 21,168 17,956
Income taxes paid, net of refunds received 8,135 11,815
Non cash financing activity:    
Issuance of common stock in connection with business acquisition $ 0 $ 168,693