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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2024
Mar. 31, 2024
Jun. 30, 2023
Mar. 31, 2023
Jun. 30, 2024
Jun. 30, 2023
Dec. 31, 2023
Cash flow from operating activities:              
Net loss $ (14,752) $ (30,869) $ (7,851) $ (7,369) $ (45,621) $ (15,220)  
Adjustments to reconcile net loss to cash (used in) provided by operations:              
Depreciation and amortization         28,202 26,099  
Deferred income tax benefit         (6,118) (6,424)  
Non-cash stock-based compensation expense 1,600   1,400   2,608 2,181  
Non-cash interest expense         (2,970) 11,684  
Lower of cost or market inventory valuation adjustment 1,381   0   4,073 0 $ 12,400
Other adjustments         2,239 (6,416)  
Net change in working capital         (13,345) 6,400  
Change in Tax Receivable Agreement         (5,417) (4,631)  
Change in long-term assets and liabilities         (1,036) 2,101  
Net cash (used in) provided by operating activities         (37,385) 15,774  
Cash flow from investing activities:              
Capital expenditures         (17,490) (39,789)  
Proceeds from the sale of fixed assets         80 214  
Net cash used in investing activities         (17,410) (39,575)  
Cash flow from financing activities:              
Interest rate swap settlements         0 27,453  
Debt issuance and modification costs         0 (6,324)  
Proceeds from the issuance of long-term debt, net of original issuance discount         0 438,552  
Principal payments on long-term debt         0 (433,708)  
Payments for taxes related to net share settlement of equity awards         (82) (129)  
Dividends paid         0 (5,134)  
Principal payments under finance lease obligations         (35) (10)  
Net cash (used in) provided by financing activities         (117) 20,700  
Net change in cash and cash equivalents         (54,912) (3,101)  
Effect of exchange rate changes on cash and cash equivalents         (1,240) 620  
Cash and cash equivalents at beginning of period   $ 176,878   $ 134,641 176,878 134,641 134,641
Cash and cash equivalents at end of period $ 120,726   $ 132,160   120,726 132,160 $ 176,878
* Net change in working capital due to changes in the following components:              
Accounts and notes receivable, net         4,442 34,720  
Inventories         20,786 18,732  
Prepaid expenses and other current assets         717 4,133  
Income taxes payable         (2,864) (22,396)  
Accounts payable and accruals         (36,412) (29,141)  
Interest payable         (14) 352  
Net change in working capital         (13,345) 6,400  
Net cash paid during the periods for:              
Interest         34,219 1,176  
Income taxes         3,132 30,534  
Change in capital expenditures in accounts payable         $ (10,133) $ (15,129)