Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities:    
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $ 6,632 $ (1,525)
Adjustments to reconcile net income (loss) to net cash from operating activities:    
Depreciation and amortization expense 20,893 21,248
Losses (gains) on disposal of assets 113 (3,256)
Earnings from unconsolidated affiliates (1,419) (1,037)
Deferred income taxes (1,174) (9,213)
Stock-based compensation expense 3,519 3,311
Amortization of deferred financing fees 718 635
Amortization of deferred contract costs 836 0
Discount amortization on long-term debt 0 473
Increase (decrease) in cash resulting from changes in:    
Accounts receivable (5,026) 7,071
Inventory, prepaid expenses and other assets (13,093) (4,718)
Accounts payable, accrued expenses and other liabilities 14,680 (6,374)
Net cash provided by operating activities 26,679 6,615
Cash flows from investing activities:    
Capital expenditures (64,562) (31,537)
Proceeds from asset dispositions 5 23,433
Net cash used in investing activities (64,557) (8,104)
Cash flows from financing activities:    
Proceeds from borrowings 0 169,508
Debt issuance costs (810) (2,714)
Repayments of debt (3,282) (132,261)
Purchase of treasury stock (1,016) (385)
Net Cash Provided by (Used in) Financing Activities, Total (5,108) 34,148
Effect of exchange rate changes on cash, cash equivalents and restricted cash 2,242 4,201
Net increase (decrease) in cash, cash equivalents and restricted cash (40,744) 36,860
Cash, cash equivalents and restricted cash at beginning of period 183,662 163,683
Cash, cash equivalents and restricted cash at end of period 142,918 200,543
Cash paid during the period for:    
Interest 16,910 16,315
Income taxes, net $ 6,052 $ 537