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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities:    
Net income $ 5,620 $ 2,521
Adjustments to reconcile net income to net cash provided by operations:    
Depreciation and amortization 7,895 10,452
Stock-based compensation expense 1,738 1,468
Provision for deferred income taxes (726) (5,202)
Credit loss expense 272 185
Gain on sale of assets (554) (1,606)
Amortization of original issue discount and debt issuance costs 138 178
Change in assets and liabilities:    
Decrease in receivables 27,287 5,795
Increase in inventories (3,870) (14,812)
Decrease in other assets 1,098 17
Increase (decrease) in accounts payable (1,233) 11,246
Decrease in accrued liabilities and other (8,221) (7,452)
Net cash provided by operating activities 29,444 2,790
Cash flows from investing activities:    
Capital expenditures (6,972) (7,621)
Proceeds from divestitures 7,153 0
Proceeds from sale of property, plant and equipment 740 575
Net cash provided by (used in) investing activities 921 (7,046)
Cash flows from financing activities:    
Borrowings on lines of credit 76,447 69,188
Payments on lines of credit (90,212) (65,202)
Purchases of treasury stock (15,006) (4)
Other financing activities (1,499) (2,711)
Net cash provided by (used in) financing activities (30,270) 1,271
Effect of exchange rate changes on cash 375 (376)
Net increase (decrease) in cash, cash equivalents, and restricted cash 470 (3,361)
Cash, cash equivalents, and restricted cash at beginning of period 25,061 29,489
Cash, cash equivalents, and restricted cash at end of period $ 25,531 $ 26,128