v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
ASSETS    
Cash and cash equivalents $ 38,233 $ 49,875
Restricted cash 10,142 21,164
Accounts receivable, net of allowance for credit losses of $3,217 and $2,750, respectively 76,699 94,099
Inventories 167,522 199,802
Derivative assets 24,446 15,049
Prepaid expenses and other current assets 13,275 16,370
Total current assets 330,317 396,359
Property, plant and equipment, net 459,232 483,606
Goodwill 116,111 116,111
Intangible assets, net 103,268 107,141
Operating lease right-of-use assets 61,438 60,310
Other long-term assets 15,482 12,451
Total Assets 1,085,848 1,175,978
LIABILITIES, CONVERTIBLE PREFERRED SHARES AND SHAREHOLDERS' EQUITY (DEFICIT)    
Current maturities of long-term debt 22,594 19,281
Short-term debt 55,810 82,640
Accounts payable 68,185 91,175
Supply chain finance program 97,532 96,594
Derivative liabilities 7,440 28,600
Accrued expenses and other current liabilities 90,192 95,340
Total current liabilities 341,753 413,630
Long-term debt, net 365,466 356,788
Convertible notes payable - related party, net 64,839 64,754
Deferred income taxes 11,492 10,160
Operating lease liabilities 59,375 58,146
Other long-term liabilities 866 865
Total liabilities 843,791 904,343
Commitments and contingencies (Note 18)
Shareholders' Equity (Deficit)    
Preferred stock, $0.01 par value, 26,000 shares authorized, no shares issued and outstanding
Common stock, $0.01 par value, 300,000 shares authorized, 97,627 shares and 96,866 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively 976 969
Additional paid-in-capital 547,073 544,567
Accumulated deficit (556,560) (534,370)
Accumulated other comprehensive income (loss) (22,762) (13,034)
Total shareholders' equity (deficit) (31,273) (1,868)
Total Liabilities, Convertible Preferred Shares and Shareholders' Equity (Deficit) 1,085,848 1,175,978
Series A Redeemable Common Equivalent Preferred Shares    
LIABILITIES, CONVERTIBLE PREFERRED SHARES AND SHAREHOLDERS' EQUITY (DEFICIT)    
Series A Convertible Preferred Shares, $0.01 par value, 24,000 shares authorized, 23,511 shares and 23,511 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively, $11.50 liquidation value $ 273,330 $ 273,503