v3.25.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
ASSETS    
Cash and cash equivalents $ 33,052 $ 26,151
Restricted cash 8,984 9,413
Accounts receivable, net of allowance for credit losses of $1,808 and $3,995, respectively 83,429 99,566
Inventories 187,383 163,323
Derivative assets 26,573 19,746
Prepaid expenses and other current assets 24,399 15,444
Total current assets 363,820 333,643
Property, plant and equipment, net 476,270 467,011
Goodwill 116,111 116,111
Intangible assets, net 112,853 114,879
Operating lease right-of-use assets 62,802 63,380
Other long-term assets 6,848 6,756
Total Assets 1,138,704 1,101,780
LIABILITIES, CONVERTIBLE PREFERRED SHARES AND SHAREHOLDERS' EQUITY    
Current maturities of long-term debt 15,062 14,057
Short-term debt 58,790 54,659
Accounts payable 67,325 84,255
Supply chain finance program 95,363 78,838
Derivative liabilities 12,395 11,966
Accrued expenses and other current liabilities 60,527 34,095
Total current liabilities 309,462 277,870
Long-term debt, net 356,625 325,880
Convertible notes payable - related party, net 49,723 49,706
Deferred income taxes 16,767 14,954
Operating lease liabilities 59,605 60,692
Other long-term liabilities 1,347 1,346
Total liabilities 793,529 730,448
Commitments and contingencies (Note 19)
Shareholders' Equity    
Preferred stock, $0.01 par value, 26,000 shares authorized, no shares issued and outstanding
Common stock, $0.01 par value, 300,000 shares authorized, 94,622 shares and 94,221 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively 946 942
Additional paid-in-capital 521,742 519,878
Accumulated deficit (470,140) (442,922)
Accumulated other comprehensive income 18,863 19,584
Total shareholders' equity 71,411 97,482
Total Liabilities, Convertible Preferred Shares and Shareholders' Equity 1,138,704 1,101,780
Series A Redeemable Common Equivalent Preferred Shares    
LIABILITIES, CONVERTIBLE PREFERRED SHARES AND SHAREHOLDERS' EQUITY    
Series A Convertible Preferred Shares, $0.01 par value, 24,000 shares authorized, 23,511 shares and 23,511 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively, $11.50 liquidation value $ 273,764 $ 273,850