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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash Flows From Operating Activities    
Net income $ 13,782 $ 23,581
Adjustments to reconcile net income to net cash provided by (used for) operating activities    
Depreciation and amortization 18,564 11,295
Amortization of deferred financing costs 775 156
Amortization of acquisition-related inventory step-up 4,457 0
Non-cash stock-based compensation expense 547 4,392
(Gain) loss on disposal of fixed assets 61 (56)
Other 164 2,492
Cash flows provided by (used for) working capital    
Accounts receivable - trade and other, net 8,212 15,096
Inventories (1,959) (4,730)
Prepaid expenses and other current assets (4,643) (3,828)
Accounts payable and accrued expenses (5,343) 240
Net cash provided by (used for) operating activities 34,617 48,638
Cash Flows From Investing Activities    
Capital expenditures (10,124) (15,216)
Acquisition of business, net of cash acquired (348,312) (160)
Proceeds from sale of property, plant and equipment 84 142
Net cash provided by (used for) investing activities (358,352) (15,234)
Cash Flows From Financing Activities    
Net borrowings (repayments) from revolving credit facility (7,000) (15,000)
Proceeds from Term Loan A 400,000 0
Repayments of Term Loan A (5,000) 0
Repayments of senior unsecured notes (38,000) 0
Payments on finance lease (292) (258)
Cash dividends paid (10,367) (10,296)
Proceeds from issuance of common stock 2,758 1,569
Shares withheld for employee taxes on equity awards (1,974) (2,033)
Deferred financing fees (9,172) 0
Net cash provided by (used for) financing activities 330,953 (26,018)
Foreign exchange rate effect on cash (163) 167
Net increase (decrease) in cash 7,055 7,553
Cash at January 1 30,290 23,139
Cash at June 30 $ 37,345 $ 30,692