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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Operating activities:    
Net (losses) earnings $ (1,999) $ 6,090
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 7,050 5,013
Gains on sales of property (31) (491)
Provision for doubtful accounts (3) (5)
Stock-based compensation expense 283 195
Deferred income taxes (1,424) 561
Net change in fair value contracts (487) (20)
Changes in assets and liabilities:    
Accounts receivable 30,916 (74,660)
Accounts receivable/payable, affiliates (31) 48
Inventories 4,644 (23,440)
Income tax receivable 0 1,284
Prepayments and other current assets 90 684
Accounts payable (12,653) 91,211
Accrued liabilities (2,514) (775)
Other (134) 178
Net cash provided by operating activities 23,707 5,873
Investing activities:    
Property and equipment additions (1,900) (3,694)
Proceeds from property sales 441 856
Net cash used in investing activities (1,459) (2,838)
Financing activities:    
Borrowings under Credit Agreement 18,000 0
Repayments under Credit Agreement (18,625) 0
Principal repayments of finance lease obligations (1,576) (1,139)
Net proceeds from sale of equity 549 0
Dividends paid on common stock (681) (1,068)
Net cash used in financing activities (2,333) (2,207)
Increase in cash and cash equivalents, including restricted cash 19,915 828
Cash and cash equivalents, including restricted cash, at beginning of period 31,067 107,317
Cash and cash equivalents, including restricted cash, at end of period $ 50,982 $ 108,145