XML 20 R7.htm IDEA: XBRL DOCUMENT v3.25.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Operating activities:    
Net loss $ (24,231) $ (216)
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion and accretion of asset retirement obligations 7,299 7,241
Amortization of intangible assets 198 199
Net (gain) loss on disposal of fixed assets (40) 3
Amortization of deferred financing cost 46 26
Accretion of debt discount 0 47
Deferred income taxes 16,662 596
Stock-based compensation, net 934 642
Employee stock purchase plan compensation 6 6
Changes in assets and liabilities:    
Accounts receivable 13,015 (9,344)
Unbilled receivables 2,408 (2,640)
Inventory (3,265) 1,240
Prepaid expenses and other assets (1,712) (240)
Deferred revenue 423 1,220
Accounts payable (4,061) (6,730)
Accrued and other expenses 1,042 4,087
Net cash provided by (used in) operating activities 8,724 (3,863)
Investing activities:    
Purchases of property, plant and equipment (3,536) (1,646)
Proceeds from disposal of assets 1 1
Net cash used in investing activities (3,535) (1,645)
Financing activities:    
Payments of Dividends (7) 0
Repayments of notes payable (955) (1,340)
Proceeds from revolving credit facility 11,000 6,000
Repayment of revolving credit facility (11,000) 0
Payments under finance leases (58) (56)
Payment of deferred financing and debt issuance costs 0 (425)
Employee stock purchase plan issuance 26 25
Repurchase of treasury stock from Repurchase Program (305) (170)
Net cash (used in) provided by financing activities (1,635) 4,034
Net increase (decrease) in cash and cash equivalents 3,554 (1,474)
Cash and cash equivalents at beginning of year 1,554 6,072
Cash and cash equivalents at end of period 5,108 4,598
Supplemental disclosure of cash flow information    
Purchases of property, plant and equipment in accounts payable and accrued expenses 610 1,544
Fixed assets purchased with debt 515 901
Restricted Stock    
Financing activities:    
Repurchase of treasury stock from restricted stock vesting $ (336) $ 0