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 (loss) $ 11,145 $ (260)
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 27,955 13,051
Non-cash stock based compensation expense 2,576 0
Foreign exchange (gains) losses on debt 277 3,582
Non-cash financing costs 914 0
Deferred taxes 2,954 610
Pension (237) (344)
Other, net (3) (35)
Changes in operating assets and liabilities:    
Accounts receivable and contract assets 20,691 (2,549)
Inventories (45,909) (47,886)
Accounts payable (26,518) 26,839
Contract liabilities 9,304 (1,906)
Income tax payable and receivable (4,344) (4,571)
Accrued compensation and related taxes (5,574) 0
Other assets and liabilities (3,863) (7,747)
Net cash used in operating activities (10,632) (21,216)
Cash flows from investing activities:    
Purchases of property, plant and equipment (4,592) (5,190)
Purchases of intangible assets 0 (34)
Proceeds from sale of property, plant and equipment 1,097 679
Net cash used in investing activities (3,495) (4,545)
Cash flows from financing activities:    
Proceeds from issuance of debt 41,756 37,365
Payments on debt (9,460) 0
Deferred payments related to historical transactions (916) (5,694)
Payment of finance lease principal (844) (534)
Payments of dividends (3,962) (9,525)
Exercising and vesting of stock incentive awards (1,189) 0
Net cash provided by financing activities 25,385 21,612
Effect of exchange rate changes on cash and cash equivalents (36) 2,555
Net increase (decrease) in cash and cash equivalents 11,222 (1,594)
Cash and cash equivalents at beginning of period 98,512 65,173
Cash and cash equivalents at end of period 109,734 63,579
Cash paid during the period for:    
Interest $ 20,713 $ 15,703