v3.25.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 8,550 $ 1,308
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 4,825 5,130
Noncash lease expense 1,363 1,281
Provision for bad debts 434 728
Stock compensation expense 786 651
Loss on term loan extinguishment 0 1,111
Amortization of debt issuance costs and loan fees 327 300
Change in assets and liabilities:    
Receivables 6,068 13,139
Contract receivables 0 927
Inventories (20,134) (5,772)
Other current assets (2,338) (2,298)
Other assets (70) (23)
Accounts payable 2,614 7,061
Operating lease liability (1,402) (1,270)
Accrued and other liabilities 710 2,470
Income taxes 309 59
Contract liabilities 0 (927)
Net cash provided by (used in) operating activities 2,042 23,875
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of fixed assets (3,872) (2,130)
Proceeds from sale of business 0 1,700
Net cash provided by (used in) investing activities (3,872) (430)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from revolving credit facility 23,710 120,892
Repayments on revolving credit facility (16,000) (110,833)
Proceeds on term loan 0 50,000
Repayments on term loan (4,181) (80,115)
Payments of debt issuance costs and loan fees (145) (2,051)
Proceeds from stock options 19 599
Repurchase of common stock (201) 0
Dividends paid on common stock (2,312) (2,300)
Net cash provided by (used in) financing activities 890 (23,808)
DECREASE IN CASH AND CASH EQUIVALENTS (940) (363)
CASH AND CASH EQUIVALENTS:    
BEGINNING OF PERIOD 3,719 4,470
END OF PERIOD $ 2,779 $ 4,107

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