Quarterly report [Sections 13 or 15(d)]

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

v3.26.3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Cash flows from operating activities:    
Net loss $ (25,493) $ (27,826)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 30,443 31,836
Amortization of debt issuance costs, discounts and premiums 2,261 2,219
Non-cash change in right-of-use ("ROU") operating lease assets 1,548 1,868
Non-cash amortization of prepaid insurance 5,881 6,162
Stock-based compensation, net 1,503 1,051
Loss on disposal of assets 0 6
Loss on sale of Stockman's, net 0 209
Provision for credit losses 20 27
Deferred income taxes 312 97
Other 0 50
Increases and decreases in operating assets and liabilities:    
Accounts receivable 303 2,059
Prepaid expenses, inventories and other (8,960) (8,599)
Operating lease liabilities (1,445) (1,356)
Contract liabilities (4,395) (3,883)
Accounts payable and other liabilities (2,508) (8,043)
Net cash used in operating activities (530) (4,123)
Cash flows from investing activities:    
Capital expenditures, net of changes in payables (4,642) (11,281)
Proceeds from sale of Stockman's 0 2,412
Net cash used in investing activities (4,642) (8,869)
Cash flows from financing activities:    
Payment of debt issuance costs and extension fees (350) (281)
Borrowings under revolving credit facility 11,300 16,500
Repayment of revolving credit facility borrowings (16,300) (13,500)
Proceeds from insurance financing 7,923 8,218
Repayments of insurance financing (5,881) (6,162)
Repayment of finance lease obligations (1,342) (1,354)
Proceeds from exercise of stock options 168 485
Tax withholding on vesting and exercise of equity awards (89) 0
Repayment of note payable for asset acquisition (227) (206)
Net cash (used in) provided by financing activities (4,798) 3,700
Net decrease in cash and cash equivalents (9,970) (9,292)
Cash and cash equivalents, beginning of period 40,670 40,221
Cash and cash equivalents, end of period 30,700 30,929
Supplemental disclosure of cash flow information:    
Cash paid for interest, net of amounts capitalized 38,428 38,485
Income tax refund received 408  
Payables and accruals incurred for capital expenditures 507 422
Accrued liability (adjustment) related to asset acquisition (6,446) 9,685
Right-of-use assets obtained in exchange for lease liabilities: Operating leases $ 1,161  
Right-of-use asset and liability remeasurements: Operating leases   165
Right-of-use asset and liability remeasurements: Financing leases   $ 2,420