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UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Mar. 31, 2024
Jun. 30, 2023
Jun. 30, 2024
Dec. 31, 2023
Jun. 30, 2023
Cash flows from operating activities:            
Net income (loss) $ 7,487   $ 4,167 $ 2,291   $ (2,144)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:            
Depreciation and amortization 17,059   20,701 33,829   42,363
Impairment charges 0 $ 7,823 0 7,823   0
Deferred income tax expense (benefit)       (4,344)   3,985
Non-cash compensation charge       1,158   2,044
Gain on disposals of assets       (6,104)   (2,445)
Provision (benefit) for credit losses, net of recoveries       34   (65)
Other, net       1,257   1,242
Changes in operating assets and liabilities:            
Accounts receivable       15,229   (19,669)
Inventories       (1,525)   (297)
Accounts payable and accrued liabilities       (17,166)   (14,713)
Taxes payable       5,836   (78)
Other current and noncurrent assets and liabilities, net       25   9,538
Net cash flows provided by operating activities       38,343   19,761
Cash flows from investing activities:            
Capital expenditures       (10,929)   (11,717)
Proceeds from dispositions of property, plant and equipment       10,617   2,719
Other, net       183   0
Net cash flows used in investing activities       (129)   (8,998)
Cash flows from financing activities:            
Revolving credit borrowings       120,816   114,674
Revolving credit repayments       (136,641)   (98,681)
Term loan repayments       0   (14,942)
Dividends paid       (7,368)   0
Repurchases of common shares       (9,852)   (7,970)
Taxes paid on vested shares       (1,067)   0
Net cash flows used in financing activities       (34,112)   (6,919)
Effect of exchange rate changes on cash       10   (377)
Net change in cash and cash equivalents       4,112   3,467
Cash and cash equivalents, beginning of period   $ 3,323   3,323 $ 11,421 7,954
Cash and cash equivalents, end of period $ 7,435   $ 11,421 $ 7,435 $ 3,323 $ 11,421