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 loss $ (11,333) $ (29,718)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 8,453 8,402
Loss on debt extinguishment 0 11,853
Amortization of debt issuance costs, debt discounts, and deferred financing costs 1,152 1,389
Paid-in-kind (“PIK”) interest 2,121 3,261
Allowance for credit losses (70) 182
Foreign currency loss (gain) (917) 205
Deferred income taxes (796) (491)
Non-cash compensation cost (credit) 954 (53)
Other, net (74) 37
Changes in operating assets and liabilities:    
Accounts receivable (4,612) (5,758)
Inventory (530) (1,367)
Prepaid expenses and other assets (1,665) 127
Accounts payable (7,675) (8,877)
Other accrued liabilities 5,520 (7,980)
Income taxes 377 127
Net cash used in operating activities (9,095) (28,661)
Cash flows from investing activities:    
Capital expenditures (2,424) (1,406)
Proceeds from disposal of assets 14 0
Net cash used in investing activities (2,410) (1,406)
Cash flows from financing activities:    
Payments under Corre Incremental Term Loan 0 (48,015)
Payments for debt issuance costs 0 (8,053)
Other (525) (705)
Net cash provided by financing activities 6,237 11,188
Effect of exchange rate changes on cash (38) 137
Net decrease in cash and cash equivalents (5,306) (18,742)
Cash and cash equivalents at beginning of period 18,145 35,545
Cash and cash equivalents at end of period 12,839 16,803
Revolving Credit Loans    
Cash flows from financing activities:    
Borrowings under Revolving Credit Loans 74,000 13,000
Payments under Revolving Credit Loans (66,800) (5,018)
Corre Delayed Draw Term Loan    
Cash flows from financing activities:    
Payments under Corre Delayed Draw Term Loan, First Lien Term Loan, 2025 Second Lien Term Loan and ME/RE Loans 0 (35,700)
Corre Uptiered Loan    
Cash flows from financing activities:    
Payments under Corre Uptiered Loan 0 (55,894)
First Lien Term Loan    
Cash flows from financing activities:    
Payments under Corre Delayed Draw Term Loan, First Lien Term Loan, 2025 Second Lien Term Loan and ME/RE Loans (438) 0
Borrowings under First Lien Term Loan 0 175,000
ME/RE Loans    
Cash flows from financing activities:    
Payments under Corre Delayed Draw Term Loan, First Lien Term Loan, 2025 Second Lien Term Loan and ME/RE Loans $ 0 $ (23,427)