XML 21 R8.htm IDEA: XBRL DOCUMENT v3.22.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities:    
Net income (loss) $ 2,521 $ (5,362)
Adjustments to reconcile net income (loss) to net cash provided by operations:    
Depreciation and amortization 10,452 10,830
Stock-based compensation expense 1,468 1,279
Provision for deferred income taxes (5,202) 1,569
Credit loss expense 185 50
Gain on sale of assets (1,606) (3,283)
Loss on extinguishment of debt 0 790
Amortization of original issue discount and debt issuance costs 178 1,082
Change in assets and liabilities:    
Decrease in receivables 5,795 2,414
(Increase) decrease in inventories (14,812) 6,694
Decrease in other assets 17 1,275
Increase in accounts payable 11,246 11,437
Decrease in accrued liabilities and other (7,452) (1,002)
Net cash provided by operating activities 2,790 27,773
Cash flows from investing activities:    
Capital expenditures (7,621) (8,649)
Proceeds from sale of property, plant and equipment 575 8,027
Net cash used in investing activities (7,046) (622)
Cash flows from financing activities:    
Borrowings on lines of credit 69,188 51,922
Payments on lines of credit (65,202) (56,922)
Purchases of Convertible Notes 0 (18,107)
Proceeds from term loan 0 8,258
Debt issuance costs 0 (196)
Purchases of treasury stock (4) (6)
Other financing activities (2,711) (1,561)
Net cash provided by (used in) financing activities 1,271 (16,612)
Effect of exchange rate changes on cash (376) (882)
Net increase (decrease) in cash, cash equivalents, and restricted cash (3,361) 9,657
Cash, cash equivalents, and restricted cash at beginning of period 29,489 30,348
Cash, cash equivalents, and restricted cash at end of period $ 26,128 $ 40,005