XML 15 R5.htm IDEA: XBRL DOCUMENT v3.25.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Net cash flows from operating activities:    
Net income $ 840 $ 5,412
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation and amortization 10,984 11,800
Non-cash compensation 14,167 7,730
Non-cash lease expense 2,510 3,897
Write-down of inventories and deferred preservation costs 2,379 1,508
Deferred income taxes (231) 994
Change in fair value of contingent consideration (210) (15,680)
Losses on inducement/extinguishment of debt 2,664 3,669
Other (7,423) 1,178
Changes in operating assets and liabilities:    
Receivables (9,660) (6,446)
Inventories and deferred preservation costs (5,521) (2,165)
Prepaid expenses and other assets (6,215) (5,224)
Accounts payable, accrued expenses, and other liabilities (6,226) (6,031)
Net cash flows (used in) provided by operating activities (1,942) 642
Net cash flows from investing activities:    
Capital expenditures (6,925) (6,124)
Net cash flows used in investing activities (6,925) (6,124)
Net cash flows from financing activities:    
Proceeds from issuance of long-term debt 0 190,000
Proceeds from revolving credit facility 0 30,000
Repayment of debt (134) (211,688)
Proceeds from exercise of stock options and issuance of common stock 4,459 3,587
Payment of debt issuance costs 0 (10,044)
Proceeds from financing insurance premiums 3,117 0
Principal payments on short-term notes payable (554) (1,027)
Other (353) (272)
Net cash flows provided by financing activities 6,535 556
Effect of exchange rate changes on cash and cash equivalents 2,345 1,005
Increase (decrease) in cash and cash equivalents 13 (3,921)
Cash and cash equivalents beginning of period 53,463 58,940
Cash and cash equivalents end of period $ 53,476 $ 55,019