v3.24.1.u1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 12 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Dec. 31, 2023
Cash flows from operating activities:      
Net income (loss) $ 30,232 $ (12,343)  
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation and amortization 46,944 44,897  
Stock-based compensation expense 2,848 879  
Amortization of debt issuance costs 2,643 5,445  
Non-cash lease expense 1,200 774  
Provision for credit losses 85 2 $ 7,101
Inventory reserve 126 125  
Loss on sale of property, plant and equipment 0 17  
Change in fair value of derivatives (14,241) 17,934  
Deferred tax provision (benefit) 6,261 (2,521)  
Changes in operating assets and liabilities:      
Accounts receivable (30,130) (20,935)  
Inventories (6,794) (2,993)  
Contract assets (906) 2,504  
Prepaid expenses and other current assets 5,103 (7,522)  
Accounts payable (2,324) (839)  
Accrued and other liabilities 5,872 (9,741)  
Contract liabilities 4,623 7,607  
Net cash provided by operating activities 51,542 23,290  
Cash flows from investing activities:      
Purchase of property, plant and equipment (60,153) (48,581)  
Proceeds from sale of property, plant and equipment 0 32  
Other 3 (25)  
Net cash used in investing activities (60,150) (48,574)  
Cash flows from financing activities:      
Borrowings on debt instruments 1,008,476 248,300  
Payments on debt instruments (957,975) (197,569)  
Payment of debt issuance cost (7,594) (31,878)  
Offering costs (446) 0  
Cash paid for shares withheld to cover taxes (294) 0  
Dividends paid to stockholders (29,815) 0 (29,793)
Net cash provided by financing activities 12,352 18,853  
Net increase (decrease) in cash and cash equivalents 3,744 (6,431)  
Cash and cash equivalents - beginning of period 5,562 20,431 20,431
Cash and cash equivalents - end of period 9,306 14,000 $ 5,562
Supplemental cash disclosures:      
Cash paid for interest 32,023 67,419  
Cash paid for taxes 0 0  
Supplemental disclosure of non-cash investing activities:      
(Increase) decrease in accrued capital expenditures (9,890) 7,962  
Supplemental disclosure of non-cash financing activities:      
Dividends equivalent (237) 0  
Accrued debt issuance cost $ (8,752) $ 0  

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