Quarterly report [Sections 13 or 15(d)]

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

v3.25.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities:    
Net income $ 2,389 $ 9,516
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 40,017 36,523
Amortization 7,049 7,034
Amortization of deferred financing costs and original issue discount 701 1,052
Debt extinguishment costs 0 90
Foreign currency exchange loss 395 155
Deferred income tax provision (benefit) 1,370 (1,690)
Net loss on asset disposals 417 614
Stock compensation 6,467 7,507
Equity in net (income) from affiliated companies (10,844) (3,464)
Dividends received from affiliated companies 20,000 33,000
Other, net (71) 2,216
Working capital changes that provided (used) cash:    
Receivables (14,960) (4,076)
Inventories (6,029) (6,693)
Prepaids and other current assets (2,520) (4,457)
Accounts payable 6,477 (3,289)
Accrued liabilities (7,565) (27,578)
Net cash provided by operating activities 43,293 46,460
Cash flows from investing activities:    
Purchases of property, plant and equipment (49,525) (36,649)
Business combinations (41,315) 0
Other, net 0 (200)
Net cash used in investing activities (90,840) (36,849)
Cash flows from financing activities:    
Issuance of long-term debt, net of original issue discount and financing fees 870,817 870,817
Repayments of long-term debt (875,183) (877,500)
Repurchases of common shares (21,917) (5,010)
Tax withholdings on equity award vesting (1,477) (1,218)
Repayment of financing obligation (1,651) (1,478)
Other, net 26 41
Net cash used in financing activities (29,385) (14,348)
Effect of exchange rate changes on cash and cash equivalents 516 (310)
Net change in cash and cash equivalents (76,416) (5,047)
Cash and cash equivalents at beginning of period 146,013 88,365
Cash and cash equivalents at end of period $ 69,597 $ 83,318