Quarterly report [Sections 13 or 15(d)]

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Net loss $ (16,844) $ (20,148)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 20,991 21,195
Amortization of debt issuance costs, discounts and premiums 1,495 1,475
Non-cash change in right-of-use ("ROU") operating lease assets 1,101 1,314
Non-cash amortization of prepaid insurance 3,744 3,951
Stock-based compensation, net 807 377
Loss on disposal of assets 0 6
Loss on sale of Stockman's, net 0 205
Provision for credit losses 17 33
Deferred income taxes 241 111
Other 0 50
Increases and decreases in operating assets and liabilities:    
Accounts receivable (127) 513
Prepaid expenses, inventories and other (9,414) (9,231)
Operating lease liabilities (1,001) (906)
Contract liabilities (2,916) (3,837)
Accounts payable and other liabilities 528 (970)
Net cash used in operating activities (1,378) (5,862)
Cash flows from investing activities:    
Capital expenditures, net of changes in payables (4,055) (6,214)
Proceeds from sale of Stockman's 0 2,412
Net cash used in investing activities (4,055) (3,802)
Cash flows from financing activities:    
Payment of debt issuance costs and extension fees (139) (139)
Borrowings under revolving credit facility 5,000 6,500
Repayment of revolving credit facility borrowings (10,000) (8,500)
Proceeds from insurance financing 7,923 8,218
Repayments of insurance financing (3,744) (3,951)
Repayment of finance lease obligations (887) (903)
Proceeds from exercise of stock options 252 485
Tax withholding on vesting and exercise of equity awards (84) 0
Repayment of note payable for asset acquisition (150) (136)
Net cash (used in) provided by financing activities (1,829) 1,574
Net decrease in cash and cash equivalents (7,262) (8,090)
Cash and cash equivalents, beginning of period 40,670 40,221
Cash and cash equivalents, end of period 33,408 32,131
Supplemental disclosure of cash flow information:    
Cash paid for interest, net of amounts capitalized 19,583 19,377
Income tax refund received 408  
Payables and accruals incurred for capital expenditures 94 1,206
Accrued liability related to asset acquisition 760 7,354
Right-of-use assets obtained in exchange for lease liabilities: Operating leases $ 1,161  
Right-of-use asset and liability remeasurements: Operating leases   $ (112)