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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash flows from operating activities    
Net income $ 69,330 $ 108,537
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 45,281 19,168
Deferred financing fees amortization 244 298
Amortization of operating lease ROU asset 9,225 5,764
Impairment of long-lived assets 3,427 3,522
Bargain purchase loss/(gain) 3,342 (92,659)
Stock based compensation expense 8,769 11,824
Gain on sale of property, equipment and lease terminations (41,337) (769)
Deferred tax, net 31,317 783
Equity method earnings, net of dividends 0 102
Changes in operating assets and liabilities, net of amounts related to acquisitions:    
Accounts receivable, net 4,213 27,163
Inventories 20,463 (19,707)
Prepaid expenses and other current assets 2,690 (4,552)
Other long-term assets (1,736) (210)
Accounts payable (7,586) 1,345
Accrued expenses and other current liabilities (19,935) (2,608)
Other operating assets and liabilities, net 10,967 (907)
Net cash provided by operating activities 138,674 57,094
Cash flows from investing activities    
Payments on acquisitions, net of cash acquired (81,169) 0
Capital expenditures (26,205) (5,967)
Proceeds from sale of property and equipment 98,591 2,053
Cash acquired in stock based business combination 0 154,312
Net cash provided by (used in) investing activities (8,783) 150,398
Cash flows from financing activities    
Deferred debt issuance cost (1,455) 0
Revolving credit facility borrowings 144,200 148,300
Revolving credit facility payments (158,200) (171,500)
Term loan payments (11,429) (5,033)
Payments on finance leases (5,292) (4,137)
Common stock repurchased and retired (9,280) 0
Dividend payment 0 (74,983)
Proceeds from exercise of options 0 3,326
Taxes paid related to net share settlement of equity awards (678) (10,185)
Net cash used in financing activities (42,134) (114,212)
Effect of exchange rate changes 2,339 (791)
Net change in cash and restricted cash 90,096 92,489
Cash and restricted cash beginning of period 73,278 7,406
Cash and restricted cash end of period 163,374 99,895
Supplemental cash flow information:    
Cash paid for interest 1,023 1,561
Cash paid for income taxes, net of refunds 8,714 7,041
Non-cash investing and financing activities:    
Property and equipment purchases in accounts payable 1,049 594
Operating lease assets obtained in exchange for lease obligations 10,917 20,227
Finance lease assets obtained in exchange for lease obligations 21,551 5,081
Stock issuance related to business acquisition $ 0 $ 537,273