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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities    
Net income $ 7,377 $ (4,602)
Adjustments to reconcile net loss to net cash provided by operating activities    
Depreciation and amortization 16,670 16,722
Goodwill impairment charges 0  
Deferred income taxes (1,513) 3,441
Share-based compensation expense 2,764 2,968
Change in provision for doubtful accounts 414 0
Foreign currency (gain) loss (789) 875
Other (306) (513)
Changes in operating assets and liabilities    
Accounts receivable (19,103) 5,856
Inventories (88) (2,402)
Prepaid expenses and other assets (6,064) (7,420)
Accounts payable (2,920) 4,261
Accrued expenses and other liabilities 8,537 1,202
Income taxes payable 136 (1,129)
Payment of contingent consideration liability in excess of acquisition-date fair value 0 (938)
Net cash provided by operating activities 5,115 18,321
Cash flows from investing activities    
Purchase of property, plant and equipment (9,599) (9,801)
Purchase of intangible assets (2,404) (822)
Proceeds from sale of equipment 786 812
Net cash used in investing activities (11,217) (9,811)
Cash flows from financing activities    
Repayment of finance lease obligations (2,832) (2,528)
Repayment of long-term debt (3,831) (3,808)
Proceeds from revolver 33,500 46,194
Repayment of revolver (20,250) (50,100)
Taxes paid related to net share settlement of share-based awards (1,326) (945)
Net cash provided by (used in) financing activities 5,261 (11,187)
Effect of exchange rate changes on cash and cash equivalents 372 188
Net change in cash and cash equivalents (469) (2,489)
Cash and cash equivalents at beginning of period 17,646 20,488
Cash and cash equivalents at end of period 17,177 17,999
Supplemental disclosure of cash paid    
Interest, net 8,349 8,899
Income taxes, net of refunds 1,508 3,429
Noncash investing and financing    
Equipment acquired through finance lease obligations $ 2,099 $ 5,764