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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ 10,852 $ 26,130
Adjustments to reconcile net income to cash flows from operating activities from continuing operations:    
Depreciation and amortization 13,639 13,159
Noncash amortization of debt financing costs 240 227
Pension cash reversion 0 2,942
Share-based compensation expense 2,978 2,270
Deferred income taxes (3,810) 24
Non-cash loss (income) on derivative contracts (716) (695)
Gain on sale of assets (3,544) 0
Loss on write-down of Industrial automation segment assets 8,204 0
Gain on sale of cab structures business (28,597) 0
Change in other operating items:    
Accounts receivable 1,890 (8,069)
Inventories (13,334) 13,510
Prepaid expenses 512 (2,312)
Accounts payable 17,628 (15,073)
Other operating activities, net (12,777) (2,123)
Net cash provided by (used in) operating activities (6,835) 29,990
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property, plant and equipment (14,547) (15,196)
Proceeds from disposal/sale of property, plant and equipment 4,455 0
Proceeds from sale of business 22,960 0
Net cash provided by (used in) investing activities 12,868 (15,196)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repayment of term loan facility (26,563) (7,656)
Borrowings under revolving credit facility 38,500 25,000
Repayment of revolving credit facility (24,500) (20,000)
Surrender of shares to pay withholding taxes (59) (808)
Debt issuance and amendment costs (217) 0
Other financing activities (88) 3,995
Net cash provided by (used in) financing activities (12,927) 531
EFFECT OF CURRENCY EXCHANGE RATE CHANGES ON CASH (69) (857)
NET INCREASE (DECREASE) IN CASH (6,963) 14,468
CASH:    
Beginning of period 37,848 31,825
End of period $ 30,885 $ 46,293