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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)        
Net sales $ 219,612 $ 230,308 $ 649,748 $ 640,149
Costs of sales 184,546 189,169 544,707 521,681
Gross profit 35,066 41,139 105,041 118,468
Selling, general and administrative expense 37,050 31,223 105,275 101,332
Acquisition, restructuring and integration expense 3,137 3,959 12,682 8,746
Loss on disposal of property, plant and equipment 248 459 1,145 748
Total operating expenses 40,435 35,641 119,102 110,826
Income (loss) from operations (5,369) 5,498 (14,061) 7,642
Interest expense, net 7,803 13,404 21,216 30,265
Change in fair value of warrant liabilities (25,105) 5,215 (18,833) 5,215
Other, net 510 325 1,323 (785)
Income (loss) before income taxes and equity in earnings from unconsolidated entities 11,423 (13,446) (17,767) (27,053)
Income tax expense (benefit) (5,212) (428) (3,331) (3,511)
Equity in (earnings) loss from unconsolidated entities 14   80  
Net income (loss) 16,621 (13,018) (14,516) (23,542)
Net income (loss) attributable to non-controlling interest   (22) 15 43
Net income (loss) attributable to shareholders 16,621 (12,996) (14,531) (23,585)
Participating securities' share in earnings (3,912)      
Accretion of Series A Convertible Preferred Shares 93   (249)  
Loss on extinguishment of Redeemable Common Equivalent Preferred Units, net   (2,870)   (2,870)
Common equivalent preferred dividends   (4,380)   (4,380)
Accumulating preferred dividends       (13,882)
Net income (loss) attributable to common shareholders $ 12,802 $ (20,246) $ (14,780) $ (44,717)
Earnings (loss) per common share:        
Basic (in dollars per share) $ 0.15 $ (0.41) $ (0.19) $ (1.12)
Diluted (in dollars per share) $ 0.15 $ (0.41) $ (0.19) $ (1.12)
Weighted-average number of shares outstanding:        
Basic (in shares) 83,437 49,795 78,203 39,819
Diluted (in shares) 107,080 49,795 78,203 39,819