v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash Flows From Operating Activities    
Net income $ 18,204 $ 16,510
Income (loss) from discontinued operations, net of income taxes (14,344) (295)
Income from continuing operations 32,548 16,805
Adjustments to reconcile income from continuing operations to net cash provided by (used for) operating activities    
Depreciation and amortization 18,229 18,565
Amortization of deferred financing costs 1,306 1,080
Non-cash stock-based compensation expense 2,921 1,548
(Gain) loss on disposal of fixed assets 76 86
Other (2,734) 288
Cash flows provided by (used for) working capital    
Accounts receivable - trade and other, net (8,500) 4,787
Inventories (9,744) (2,577)
Prepaid expenses and other current assets 1,362 (4,943)
Accounts payable and accrued expenses 23,327 2,275
Net cash provided by (used for) operating activities - continuing operations 58,791 37,914
Net cash provided by (used for) operating activities - discontinued operations, net 954 528
Net cash provided by (used for) operating activities 59,745 38,442
Cash Flows From Investing Activities    
Capital expenditures (8,380) (11,609)
Proceeds from sale of property, plant and equipment 1,595 161
Net cash provided by (used for) investing activities - continuing operations (6,785) (11,448)
Net cash provided by (used for) investing activities - discontinued operations, net (329) (81)
Net cash provided by (used for) investing activities (7,114) (11,529)
Cash Flows From Financing Activities    
Net borrowings (repayments) on revolving credit facility 0 5,000
Repayments of Term Loan A (35,000) (10,000)
Payments on finance lease (321) (309)
Cash dividends paid (10,339) (10,383)
Proceeds from issuance of common stock 621 573
Shares withheld for employee taxes on equity awards (739) (885)
Repurchase of common stock 0 (1,515)
Net cash provided by (used for) financing activities - continuing operations (45,778) (17,519)
Net cash provided by (used for) financing activities - discontinued operations, net 0 0
Net cash provided by (used for) financing activities (45,778) (17,519)
Foreign exchange rate effect on cash 893 (326)
Net increase (decrease) in cash - continuing operations 7,121 8,621
Cash at January 1 [1] 40,514 28,626
Cash at June 30 [1] $ 47,635 $ 37,247
[1] Amounts exclude beginning cash from discontinued operations of $4.5 million and $3.6 million as of January 1, 2026 and 2025, respectively and ending cash from discontinued operations of $5.2 million and $4.0 million as of June 30, 2026 and 2025, respectively, as described in Note 3.