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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2025
Mar. 31, 2025
Sep. 30, 2024
Mar. 31, 2024
Sep. 30, 2025
Sep. 30, 2024
Dec. 31, 2024
Cash flows from operating activities:              
Net income $ 1,807 $ 36,442 $ 2,539 $ 2,093 $ 48,356 $ 9,561  
Adjustments to reconcile net income to net cash (used in) provided by operating activities:              
Depreciation and amortization         18,726 10,536  
Unrealized foreign currency gain (loss)         (2,219) 201  
Gain on sale of Global Pump Solutions business         (63,701) 0  
Fair value adjustment to earnout liabilities         (7,403) 400  
Loss on sale of property and equipment         46 135  
Debt discount amortization         631 357  
Share-based compensation expense         9,507 5,790  
Provision for credit loss         209 404  
Inventory reserve expense         (132) 850  
Deferred income tax benefit         6,322 77  
Changes in operating assets and liabilities, net of acquisitions and divestiture:              
Accounts receivable         5,822 9,653  
Costs and estimated earnings in excess of billings on uncompleted contracts         (38,605) (1,498)  
Inventories         (6,477) (4,305)  
Prepaid expense and other current assets         (15,302) (18,059)  
Deferred charges and other assets         (5,597) (2,755)  
Accounts payable         15,834 15,387  
Accrued expenses         15,970 (550)  
Billings in excess of costs and estimated earnings on uncompleted contracts         21,193 7,286  
Income taxes payable         (4,142) (1,140)  
Other liabilities         (3,139) (9,330)  
Net cash (used in) provided by operating activities         (4,100) 23,000  
Cash flows from investing activities:              
Acquisitions of property and equipment         (8,673) (11,237)  
Net cash proceeds for sale of Global Pump Solutions business         107,808 0  
Net cash paid for acquisitions, net of cash acquired         (97,615) (14,954)  
Net cash provided by (used in) investing activities         1,520 (26,191)  
Cash flows from financing activities:              
Borrowings on revolving credit lines         185,800 58,400  
Repayments on revolving credit lines         (183,700) (54,800)  
Repayments of long-term debt         (1,230) (7,843)  
Payments on finance leases and financing liability         (643) (692)  
Deferred consideration paid for acquisitions         (2,787) (2,050)  
Earnout payments         0 (1,672)  
Equity awards surrendered by employees for tax liability, net of proceeds from employee stock purchase plan and exercise of stock options         930 846  
Noncontrolling interest distributions         (1,204) (1,707)  
Common stock repurchased         0 (5,000)  
Net cash used in financing activities         (2,834) (14,518)  
Effect of exchange rate changes on cash, cash equivalents and restricted cash         86 1,187  
Net decrease in cash, cash equivalents and restricted cash         (5,328) (16,522)  
Cash, cash equivalents and restricted cash at beginning of period   $ 38,201   $ 55,448 38,201 55,448 $ 55,448
Cash, cash equivalents and restricted cash at end of period $ 32,873   $ 38,926   32,873 38,926 $ 38,201
Cash paid during the period for:              
Interest         15,861 9,714  
Income taxes         $ 22,424 $ 6,779