Quarterly report [Sections 13 or 15(d)]

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

v3.25.3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash flows from operating activities:    
Net (loss) income $ (76,866) $ 23,767
Net loss (income) from discontinued operations 74,504 (1,378)
Net (loss) income from continuing operations (2,362) 22,389
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation 50,002 44,506
Amortization 8,014 8,014
Amortization of deferred financing costs and original issue discount 888 1,082
Debt extinguishment costs 0 90
Deferred income tax provision (benefit) 18,940 (3,424)
Net loss on asset disposals 4,047 832
Stock compensation 7,551 8,291
Other, net (7,200) (7,894)
Working capital changes that provided (used) cash:    
Receivables (20,391) 1,304
Inventories (3,106) (233)
Prepaids and other current assets 368 (1,109)
Accounts payable 14,600 (3,855)
Accrued liabilities 6,210 (3,998)
Net cash provided by operating activities, continuing operations 77,561 65,995
Net cash provided by operating activities, discontinued operations 20,986 40,400
Net cash provided by operating activities 98,547 106,395
Cash flows from investing activities:    
Purchases of property, plant and equipment (51,596) (42,961)
Business combinations (41,315) 0
Net cash used in investing activities, continuing operations (92,911) (42,961)
Net cash used in investing activities, discontinued operations (15,549) (13,264)
Net cash used in investing activities (108,460) (56,225)
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 (877,365) (877,500)
Repurchases of common shares (27,457) (5,010)
Tax withholdings on equity award vesting (1,477) (1,218)
Other, net 456 153
Net cash used in financing activities, continuing operations (35,026) (12,758)
Net cash used in financing activities, discontinued operations (2,433) (2,354)
Net cash used in financing activities (37,459) (15,112)
Effect of exchange rate changes on cash and cash equivalents 467 51
Net change in cash and cash equivalents (46,905) 35,109
Cash and cash equivalents at beginning of period 146,013 88,365
Cash and cash equivalents at end of period 99,108 123,474
Less: cash, cash equivalents, and restricted cash of discontinued operations (17,132) (23,228)
Cash, cash equivalents and restricted cash at end of period of continuing operations $ 81,976 $ 100,246