v3.26.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Net (loss) income $ (9,020) $ 3,298
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation and amortization 11,779 9,471
Amortization of debt issuance costs 199 191
Amortization of operating lease assets 20 104
Inventory reserve 3,440 1,579
Deferred income taxes (2,400) 1,010
Change in fair value of warrant liability   (74)
Share-based compensation 3,120 1,828
Changes in operating assets and liabilities:    
Accounts receivable (3,740) (9,887)
Income tax receivable 602 12
Inventory (52,064) (42,878)
Deposits, prepaid expenses, and other current assets (3,971) (780)
Other assets 8 7
Advance vendor payments (687) 1,906
Accounts payable 15,077 829
Income tax payable (126)  
Accrued expenses 2,159 2,675
Deferred revenue 287 (151)
Lessee and customer purchase deposits 1,363 1,566
Deferred insurance proceeds   3,700
Other liabilities 477 158
Net cash used in operating activities (33,477) (25,436)
Cash flows from investing activities:    
Proceeds from sale of assets   1,750
Acquisition of aircraft and engines held for lease, including capitalized costs (2,645) (1,922)
Purchase of property and equipment (1,796) (3,587)
Net cash used in investing activities (4,441) (3,759)
Cash flows from financing activities:    
Proceeds from long-term debt   220
Repayments of long-term debt (496) (302)
Proceeds from revolving credit facility 125,799 195,874
Repayments of revolving credit facility (89,700) (120,600)
Payments of debt issuance costs   (114)
Purchase of treasury stock   (45,000)
Proceeds from the issuance of Employee Stock Purchase Plan shares 137 195
Taxes paid related to net share settlement of equity awards   (29)
Net cash provided by financing activities 35,740 30,244
(Decrease) increase in cash and cash equivalents (2,178) 1,049
Cash and cash equivalents, beginning of period 4,379 4,698
Cash and cash equivalents, end of period 2,201 5,747
Supplemental disclosure of cash activities    
Income tax (refunds) payments, net (398) 165
Interest paid 4,501 3,462
Supplemental disclosure of noncash investing activities    
Reclassification of inventory to equipment held for lease, net $ 36,341 2,583
Reclassification of inventory to property and equipment, net   $ 4,454