v3.26.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ (5,466) $ (18,577)
Adjustments to reconcile net income (loss) to net cash and cash equivalents (used in) provided by operating activities    
Depreciation and amortization 5,234 7,136
Interest expense payable in kind 5,804 0
Noncash operating lease expense 1,636 1,985
Amortization of debt issuance costs 1,470 215
Equity-based compensation, net 617 55
Restructuring, contract termination and impairment charges 0 564
Other 103 160
Change in fair value of contingent consideration 0 (70)
Deferred income taxes (5,275) (1,371)
Changes in assets and liabilities    
Accounts receivable (9,068) (13,953)
Inventory (1,366) 5,605
Prepaid expenses and other current assets (992) 1,711
Accounts payable (5,536) (46,602)
Accrued expenses and other current liabilities (2,113) (7,094)
Deferred revenue 116 (287)
Operating lease liabilities (1,347) (1,438)
Other non-current assets and liabilities 113 (3,227)
Net cash provided by (used in) operating activities (16,070) (75,188)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (2,308) (3,207)
Net cash provided by (used in) investing activities (2,308) (3,207)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from revolving credit facilities and term loans 15,000 277,322
Repayments of revolving credit facilities and term loans 0 (500)
Debt issuance costs paid 0 (3,798)
Surrender of stock to settle taxes on restricted stock awards (100) (213)
Net cash provided by (used in) financing activities 14,900 272,811
Effect of exchange rate changes on cash (100) (2)
Net change in cash and cash equivalents (3,578) 194,414
Cash and cash equivalents balance, beginning of period 20,034 11,980
Cash and cash equivalents balance, end of period $ 16,456 $ 206,394