Quarterly report [Sections 13 or 15(d)]

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Net income $ 12,179 $ 2,389
Net loss (income) from discontinued operations 4,264 (5,501)
Net income (loss) from continuing operations 16,443 (3,112)
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 34,733 32,005
Amortization 5,376 5,343
Amortization of deferred financing costs and original issue discount 370 589
Deferred income tax provision 2,623 1,749
Net loss on asset disposals 2,625 417
Stock compensation 5,931 5,280
Other, net (3,180) (626)
Working capital changes that provided (used) cash:    
Receivables (13,642) (19,329)
Inventories (10,693) 395
Prepaids and other current assets (3,238) (1,121)
Accounts payable 20,001 8,810
Accrued liabilities (2,171) (5,112)
Net cash provided by operating activities, continuing operations 55,178 25,288
Net cash (used in) provided by operating activities, discontinued operations (3,891) 18,005
Net cash provided by operating activities 51,287 43,293
Cash flows from investing activities:    
Purchases of property, plant and equipment (44,805) (39,126)
Business combinations (178,533) (41,315)
Net cash used in investing activities, continuing operations (223,338) (80,441)
Net cash used in investing activities, discontinued operations 0 (10,399)
Net cash used in investing activities (223,338) (90,840)
Cash flows from financing activities:    
Issuance of long-term debt, net of original issue discount and financing fees 100,000 870,817
Repayments of long-term debt 0 (875,183)
Repurchases of common shares (36,339) (21,917)
Tax withholdings on equity award vesting (1,253) (1,477)
Other, net 213 26
Net cash provided by (used in) financing activities, continuing operations 62,621 (27,734)
Net cash used in financing activities, discontinued operations 0 (1,651)
Net cash provided by (used in) financing activities 62,621 (29,385)
Effect of exchange rate changes on cash and cash equivalents 0 516
Net change in cash and cash equivalents (109,430) (76,416)
Cash and cash equivalents at beginning of period 197,193 146,013
Cash and cash equivalents at end of period 87,763 69,597
Less: cash, cash equivalents, and restricted cash of discontinued operations 0 (14,381)
Cash, cash equivalents and restricted cash at end of period of continuing operations $ 87,763 $ 55,216