Annual report [Section 13 and 15(d), not S-K Item 405]

CONSOLIDATED BALANCE SHEETS

v3.25.4
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
ASSETS    
Cash and cash equivalents $ 197,193 $ 131,390
Accounts receivable, net 85,313 53,204
Total inventories, net 26,803 17,973
Derivative assets 1,312 6,532
Prepaid and other current assets 8,736 10,931
Current assets held for sale 0 83,684
Total current assets 319,357 303,714
Property, plant and equipment, net 481,159 458,684
Goodwill 326,744 326,589
Other intangible assets, net 59,288 67,700
Right-of-use lease assets 37,935 33,082
Other long-term assets 36,495 37,342
Long-term assets held for sale 0 575,210
Total assets 1,260,978 1,802,321
LIABILITIES    
Current maturities of long-term debt 0 8,730
Accounts payable 48,048 32,936
Operating lease liabilities—current 9,495 9,053
Accrued liabilities 63,272 39,825
Current liabilities held for sale 0 24,582
Total current liabilities 120,815 115,126
Long-term debt, excluding current portion 392,581 852,099
Deferred income taxes 113,288 105,395
Operating lease liabilities—noncurrent 28,666 23,927
Other long-term liabilities 2,188 3,146
Long-term liabilities held for sale 0 2,168
Total liabilities 657,538 1,101,861
Commitments and contingencies (Note 22)
EQUITY    
Common stock ($0.01 par); authorized shares 450,000,000; issued shares 140,872,846 and 140,872,846 on December 31, 2025 and 2024, respectively; outstanding shares 111,805,102 and 116,534,803 on December 31, 2025 and 2024, respectively 1,409 1,409
Preferred stock ($0.01 par); authorized shares 50,000,000; no shares issued or outstanding on December 31, 2025 and 2024, respectively 0 0
Additional paid-in capital 1,108,525 1,106,792
Accumulated deficit (248,634) (177,508)
Treasury stock, at cost; shares 29,067,744 and 24,338,043 on December 31, 2025 and 2024, respectively (261,131) (222,826)
Accumulated other comprehensive income (loss) 3,271 (7,407)
Total equity 603,440 700,460
Total liabilities and equity $ 1,260,978 $ 1,802,321