v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Operating Activities:    
Net (loss) income $ (52,184) $ 129
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Depreciation 43,844 45,027
Amortization of intangibles 2,451 3,322
Share-based compensation expense 5,462 5,481
Equity in earnings of affiliates, net of dividends related to earnings (1,062) (1,515)
Loss on refinancing and extinguishment of debt 24,155 0
Deferred income taxes 1,032 2,496
Other 1,941 2,448
Changes in operating assets and liabilities (64,668) (87,819)
Net cash used in operating activities (39,029) (30,431)
Investing activities:    
Capital expenditures (37,860) (25,315)
Proceeds from Divestiture of Businesses, Net of Cash Divested 0 2,558
Other 4 0
Net cash used in investing activities (37,856) (22,757)
Financing activities:    
Proceeds from issuance of long-term debt, net of debt issuance costs 1,084,552 0
Repayment of long-term debt (1,008,621) 0
Principal payments on long-term debt (1,081) (1,412)
Decrease in short-term debt, net (42,544) (1,259)
Debt issuance costs and other fees (19,529) 0
Taxes withheld and paid on employees' share-based payment awards (2,936) (1,686)
Other (180) 0
Net cash provided by (used in) financing activities 9,661 (4,357)
Effects of exchange rate changes on cash, cash equivalents and restricted cash (469) 6,419
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect, Total (67,693) (51,126)
Cash, cash equivalents and restricted cash at beginning of period 199,882 178,697
Cash, cash equivalents and restricted cash at end of period $ 132,189 $ 127,571