v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Jun. 30, 2026
Jun. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (15,697) $ (671)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 9,885 1,284
(Income) loss from equity method investments (3,215) 19
Other 893 440
Changes in operating assets and liabilities:    
Accounts receivable 6,789 (653)
Inventories (12,817) (1,356)
Accounts payable 3,003 133
Accrued expenses 1,559 3,817
Income taxes payable 44 (335)
Other current assets 3,596 (2,821)
Other 3,130 (952)
Net cash used in operating activities (2,830) (1,095)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Investments in unconsolidated entities (8,822) (2,037)
Distributions from unconsolidated entities 3,164 848
Advances on debt investments (3,965) 0
Capital expenditures related to property and equipment (21,323) (231)
Acquisitions of businesses, net of cash acquired (19,177) (1,180)
Other (58) (124)
Net cash used in investing activities (44,023) (2,724)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from lines of credit 55,390 35,966
Payments on lines of credit (37,613) (32,201)
Proceeds from term loan 15,000 10,850
Payments on term loan (1,060) (1,752)
Proceeds from issuance of Trust Preferred Securities ("TruPs") 755 0
Contribution from redeemable non-controlling interests 10,000 0
Other (173) (286)
Net cash provided by financing activities 42,299 12,577
Effect of foreign currency exchange rates on cash and cash equivalents 938 (292)
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH (3,616) 8,466
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT BEGINNING OF PERIOD 25,270 6,757
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD 21,654 15,223
Related party    
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from notes receivable - CAM 1,160 0
Nonrelated party    
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from notes receivable - CAM $ 4,998 $ 0