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
9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Cash flows from operating activities:    
Net income (loss) $ 30,337 $ (76,866)
Net loss from discontinued operations 4,462 73,939
Net income (loss) from continuing operations 34,799 (2,927)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation 54,051 50,002
Amortization 9,387 8,014
Amortization of deferred financing costs and original issue discount 563 888
Foreign currency exchange loss 118 0
Deferred income tax provision 10,519 18,940
Net loss on asset disposals 3,365 4,047
Stock compensation 8,354 7,551
Other, net (5,738) (7,200)
Working capital changes that provided (used) cash:    
Receivables (22,048) (20,391)
Inventories (9,357) (3,106)
Prepaids and other current assets (1,396) 368
Accounts payable 13,926 14,600
Accrued liabilities (15,858) 6,210
Net cash provided by operating activities, continuing operations 80,685 76,996
Net cash (used in) provided by operating activities, discontinued operations (4,174) 21,551
Net cash provided by operating activities 76,511 98,547
Cash flows from investing activities:    
Purchases of property, plant and equipment (72,663) (51,596)
Payment for business divestiture (11,247) 0
Business combinations (178,533) (41,315)
Net cash used in investing activities, continuing operations (262,443) (92,911)
Net cash used in investing activities, discontinued operations 0 (15,549)
Net cash used in investing activities (262,443) (108,460)
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 (877,365)
Repurchases of common shares (38,776) (27,457)
Tax withholdings on equity award vesting (1,253) (1,477)
Other, net 213 456
Net cash provided by (used in) financing activities, continuing operations 60,184 (35,026)
Net cash used in financing activities, discontinued operations 0 (2,433)
Net cash provided by (used in) financing activities 60,184 (37,459)
Effect of exchange rate changes on cash and cash equivalents (238) 467
Net change in cash and cash equivalents (125,986) (46,905)
Cash and cash equivalents at beginning of period 197,193 146,013
Cash and cash equivalents at end of period 71,207 99,108
Less: cash, cash equivalents, and restricted cash of discontinued operations 0 (17,132)
Cash, cash equivalents and restricted cash at end of period of continuing operations $ 71,207 $ 81,976