v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ 902 $ (4,312)
Adjustments to reconcile net income to cash flows from operating activities from continuing operations:    
Depreciation and amortization 3,715 3,578
Noncash amortization of debt financing costs 505 85
Share-based compensation expense 927 770
Deferred income taxes 0 (292)
Non-cash income on derivative contracts (215) (273)
Non-cash loss on warrants 4,978 0
Gain on sale of assets (13,957) 0
Loss on extinguishment of debt 1,958 0
Change in other operating items:    
Accounts receivable (15,300) (87)
Inventories (3,603) 4,258
Prepaid expenses (2,775) (2,738)
Accounts payable 11,287 8,913
Other operating activities, net 10,017 5,270
Net cash provided by (used in) operating activities (1,561) 15,172
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property, plant and equipment (2,653) (3,806)
Proceeds from disposal/sale of property, plant and equipment 15,892 0
Net cash provided by (used in) investing activities 13,239 (3,806)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repayment of Term Loan due 2030 (14,868) 0
Repayment of prior revolving credit facility 0 (18,100)
Repayment under ABL revolving credit facility due 2030 (747) 0
Borrowings under China credit facility 2,897 0
Repayment of China credit facility (1,429) 0
Surrender of shares to pay withholding taxes (575) 0
Prepayment premium and make-whole interest payment (969) 0
Other financing activities (35) (20)
Net cash used in financing activities (15,726) (18,120)
EFFECT OF CURRENCY EXCHANGE RATE CHANGES ON CASH (550) 337
NET DECREASE IN CASH (4,598) (6,417)
CASH:    
Beginning of period 33,282 26,630
End of period $ 28,684 $ 20,213