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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash Flows From Operating Activities    
Net income (loss) $ 23,598 $ 2,904
Adjustments to reconcile net income (loss) to net cash provided by (used for) operating activities    
Depreciation and amortization 29,652 28,760
Amortization of deferred financing costs 1,621 1,318
Amortization of acquisition-related inventory step-up 0 4,457
Non-cash stock-based compensation expense 2,700 737
(Gain) loss on disposal of fixed assets 99 253
Impairment charges 0 22,016 [1]
Other (2,831) 550
Cash flows provided by (used for) working capital    
Accounts receivable - trade and other, net (2,127) 15,646
Inventories (2,296) (1,385)
Prepaid expenses and other current assets (1,723) (1,668)
Accounts payable and accrued expenses 15,507 (21,644)
Net cash provided by (used for) operating activities 64,200 51,944
Cash Flows From Investing Activities    
Capital expenditures (15,935) (17,302)
Acquisition of business, net of cash acquired 0 (348,312)
Proceeds from sale of property, plant and equipment 661 112
Net cash provided by (used for) investing activities (15,274) (365,502)
Cash Flows From Financing Activities    
Net borrowings (repayments) on revolving credit facility 0 (15,000)
Proceeds from Term Loan A 0 400,000
Repayments of Term Loan A (15,000) (10,000)
Repayments of senior unsecured notes 0 (38,000)
Payments on finance lease (464) (442)
Cash dividends paid (15,439) (15,392)
Proceeds from issuance of common stock 866 3,053
Shares withheld for employee taxes on equity awards (929) (2,027)
Repurchase of common stock (2,021) 0
Deferred financing fees 0 (9,172)
Net cash provided by (used for) financing activities (32,987) 313,020
Foreign exchange rate effect on cash (196) (42)
Net increase (decrease) in cash 15,743 (580)
Cash at January 1 32,222 30,290
Cash at September 30 $ 47,965 $ 29,710
[1]

(9) The Company recognized $22.0 million of non-cash impairment charges, as described in Note 7, for the quarter and nine months ended September 30, 2024, which are included in Material Handling's results.