v3.25.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Operating activities    
Net income (loss) $ 3,993 $ (6,419)
Income (loss) from discontinued operations, net of tax 8,446 (1,488)
Net loss from continuing operations (4,453) (4,931)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:    
Depreciation expense 1,870 1,961
Amortization expense 306 347
Amortization of debt issuance costs 179 50
Asset impairments 1,622 0
Deferred income taxes (90) (1,393)
(Reduction of) provision for losses on accounts receivable (506) 217
Non-cash lease expense (1) 61
Stock-based compensation expense 222 360
Changes in operating assets and liabilities:    
Accounts receivable and advances (4,908) 1,013
Inventories (939) 2,338
Other assets and liabilities (1,937) (815)
Accounts payable (1,712) (89)
Accrued expenses 1,387 1,003
Accrued income taxes 19 630
Net cash (used in) provided by operating activities - continuing operations (8,941) 752
Net cash provided by operating activities - discontinued operations 6,845 1,678
Net cash (used in) provided by operating activities (2,096) 2,430
Investing activities    
Purchases of property, plant and equipment (466) (458)
Net cash used in investing activities - continuing operations (466) (458)
Net cash provided by (used in) investing activities - discontinued operations 54,425 (312)
Net cash provided by (used in) investing activities 53,959 (770)
Financing activities    
Borrowings from credit facilities 89,670 107,700
Proceeds from note payable 1,085 914
Payments on credit facilities (89,670) (107,700)
Payments on note payable (370) (359)
Principal payments on finance lease obligations (144) (148)
Repurchase of common stock (8,044) (320)
Net cash (used in) provided by financing activities - continuing operations (7,473) 87
Net cash used in financing activities - discontinued operations (19) (3)
Net cash (used in) provided by financing activities (7,492) 84
Increase in cash and cash equivalents 44,371 1,744
Less: Cash and cash equivalents of discontinued operations 0 10
Cash and cash equivalents at beginning of period 16,108 1,841
Cash and cash equivalents at end of period 60,479 3,595
Supplemental Disclosure of Cash Flow Information    
Interest 121 138
Noncash Investing Activities:    
Capital expenditures, not yet paid $ 57 $ 172