v3.25.4
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 22,274 $ 11,387
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 9,845 10,251
Noncash lease expense 2,798 2,619
Deferred income taxes 2,337 2,569
Stock compensation expense 1,617 1,294
Provision for bad debts 987 1,679
Amortization of debt issuance costs and loan fees 670 611
Gain on insurance proceeds received for damaged equipment (253) 0
Intangible impairment charge 0 4,000
Loss on term loan extinguishment 0 1,111
Changes in assets and liabilities:    
Receivables (9,983) 2,572
Contract receivables 0 927
Inventories (14,433) 2,500
Other current assets (616) 353
Other assets (173) (107)
Accounts payable (5,972) 7,745
Operating lease liability (2,875) (2,619)
Accrued and other liabilities 11,687 5,154
Income taxes (1,611) 1,645
Contract liabilities 0 (927)
Net cash provided by (used in) operating activities 16,299 52,764
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of fixed assets (6,576) (4,663)
Insurance proceeds received for damaged equipment 372 0
Proceeds from sale of business 0 1,700
Net cash provided by (used in) investing activities (6,204) (2,963)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from revolving credit facility 53,744 139,801
Repayments on revolving credit facility (52,000) (139,713)
Proceeds on term loan 0 50,000
Repayments on term loan (8,361) (94,295)
Payments of debt issuance costs and loan fees (268) (2,333)
Proceeds from stock options 808 599
Repurchase of common stock (201) 0
Dividends paid on common stock (4,634) (4,611)
Net cash used in financing activities (10,912) (50,552)
DECREASE IN CASH AND CASH EQUIVALENTS (817) (751)
CASH AND CASH EQUIVALENTS:    
BEGINNING OF PERIOD 3,719 4,470
END OF PERIOD $ 2,902 $ 3,719

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