XML 71 R7.htm IDEA: XBRL DOCUMENT v3.22.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities      
Net income (loss) $ 39,759 $ (4,907) $ 24,934
Adjustments to reconcile net income (loss) to net cash from operating activities:      
Accretion of asset retirement obligations 615 570 511
Depreciation and amortization 26,205 20,912 19,521
Amortization of debt issuance costs 214 58 58
Stock-based compensation 5,260 4,140 4,060
Other income - employee retention tax credit (5,407)    
Other income - PPP Loan   (8,444)  
Deferred income taxes 4,644 (3,503) 5,156
Changes in operating assets and liabilities:      
Accounts receivable (24,154) (1,043) (8,527)
Prepaid expenses and other current assets 5,519 986 723
Inventories (3,844) 3,314 (1,076)
Other assets and liabilities 1,124 (1,270) 689
Accounts payable (1,820) 2,753 (7,313)
Accrued expenses 5,225 (254) 3,646
Net cash from operating activities 53,340 13,312 42,382
Cash flow from investing activities:      
Purchases of property, plant and equipment (29,466) (24,753) (45,722)
Acquisition of Amonate assets (30,147)    
Net cash from investing activities (59,613) (24,753) (45,722)
Cash flows from financing activities      
Proceeds from PPP Loan   8,444  
Proceeds from borrowings 54,368 50,043 73,750
Payments of debt issuance cost (2,356)    
Repayments of borrowings (26,300) (45,598) (70,335)
Repayments of financed insurance payable (862) (1,382) (570)
Repayments of financing leased equipment (1,942)    
Restricted stock surrendered for withholding taxes payable (539) (221) (20)
Net cash from financing activities 22,369 11,286 2,825
Net change in cash and cash equivalents and restricted cash 16,096 (155) (515)
Cash and cash equivalents and restricted cash, beginning of period 6,710 6,865 7,380
Cash and cash equivalents and restricted cash, end of period 22,806 6,710 6,865
Supplemental cash flow information:      
Cash paid for interest 1,601 1,095 999
Cash paid for taxes 9 19
Non-cash investing and financing activities:      
Leased assets obtained under new financing leases 10,002    
Dividend accrued not paid 2,501    
Capital expenditures included in accounts payable and accrued expenses 6,652 1,228 2,902
Financed insurance 280 1,588 939
Additional asset retirement obligations incurred $ 6,840 $ 86 $ 516