XML 18 R6.htm IDEA: XBRL DOCUMENT v3.25.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash Flows from Operating Activities    
Net income (loss) $ (282) $ 4,774
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 3,287 3,002
Amortization/write off of deferred financing costs 156 2,626
Equity-based compensation 2,661 5,023
Provision for obsolete or slow-moving inventory 252 0
Provision for warranty expense 257 565
Deferred taxes 2,288 2,495
Changes in assets and liabilities:    
Accounts receivable 10,477 3,715
Unbilled receivables 10,425 16,730
Inventory (5,448) (6,761)
Other assets (1,471) (3,165)
Accounts payable 6,682 1,332
Accrued expenses and other (347) (13,402)
Warranty liability (9,837) (3,680)
Deferred revenue (3,542) (394)
Net Cash Provided by Operating Activities 15,558 12,860
Cash Flows from Investing Activities    
Purchases of property, plant and equipment (3,209) (2,483)
Net Cash Used in Investing Activities (3,209) (2,483)
Cash Flows from Financing Activities    
Employee withholding taxes related to net settled equity awards (251) (816)
Proceeds from revolving credit facility 20,000 143,750
Deferred financing costs 0 (2,032)
Net Cash Used in Financing Activities (251) (17,848)
Net Increase (Decrease) in Cash and Cash Equivalents 12,098 (7,471)
Cash and Cash Equivalents—Beginning of Period 23,511 22,707
Cash and Cash Equivalents—End of Period 35,609 15,236
Supplemental Cash Flows Information:    
Cash paid for interest 2,279 7,296
Cash refunded for taxes (32)  
Cash paid for taxes   59
Term Loan Facility    
Cash Flows from Financing Activities    
Payments on/ repayments of credit facilities 0 (143,750)
Revolving Credit Facility    
Cash Flows from Financing Activities    
Payments on/ repayments of credit facilities $ (20,000) $ (15,000)