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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Operating activities:    
Net (losses) earnings $ (1,172) $ 8,566
Adjustments to reconcile net (losses) earnings to net cash used in operating activities:    
Depreciation and amortization 14,353 10,101
Gains on sales of property (766) (938)
Provision for doubtful accounts (10) (8)
Stock-based compensation expense 655 458
Change in contingent consideration liability (2,566) 0
Deferred income taxes (770) (332)
Net change in fair value contracts (300) (630)
Changes in assets and liabilities:    
Accounts receivable 30,616 (129,837)
Accounts receivable/payable, affiliates (31) 0
Inventories 396 (42,339)
Income tax receivable (469) 6,424
Prepayments and other current assets 510 382
Accounts payable (41,606) 121,144
Accrued liabilities (2,564) 2,614
Other 116 217
Net cash used in operating activities (3,608) (24,178)
Investing activities:    
Property and equipment additions (5,908) (4,783)
Proceeds from property sales 1,444 1,374
Net cash used in investing activities (4,464) (3,409)
Financing activities:    
Borrowings under Credit Agreement 38,000 30,000
Repayments under Credit Agreement (39,250) (30,000)
Principal repayments of finance lease obligations (3,247) (2,306)
Net proceeds from sale of equity 549 283
Dividends paid on common stock (1,289) (2,126)
Net cash used in financing activities (5,237) (4,149)
Decrease in cash and cash equivalents, including restricted cash (13,309) (31,736)
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 $ 17,758 $ 75,581