2024 Q1 Form 10-K Financial Statement

#000152962824000060 Filed on March 11, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $83.05M $61.95M $296.0M
YoY Change 0.85% -16.09% 15.73%
Cost Of Revenue $71.24M $59.12M $254.4M
YoY Change 0.75% -5.65% 12.5%
Gross Profit $11.81M $2.831M $41.56M
YoY Change 1.5% -74.66% 40.43%
Gross Profit Margin 14.22% 4.57% 14.04%
Selling, General & Admin $10.35M $10.09M $38.72M
YoY Change 84.2% 13.12% 149.3%
% of Gross Profit 87.63% 356.34% 93.18%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $6.981M $7.076M $27.36M
YoY Change 10.08% 7.36% 6.49%
% of Gross Profit 59.11% 249.95% 65.84%
Operating Expenses $11.03M $10.76M $41.26M
YoY Change -16.75% 13.02% 26.09%
Operating Profit $784.0K -$7.924M $298.0K
YoY Change -148.76% -578.5% -109.53%
Interest Expense -$489.0K -$332.0K -$1.272M
YoY Change 10.88% -8.79% -20.9%
% of Operating Profit -62.37% -426.85%
Other Income/Expense, Net -$393.0K $119.0K $524.0K
YoY Change 0.0% -71.12% -167.18%
Pretax Income $391.0K -$8.118M -$2.252M
YoY Change -119.54% -576.41% -42.37%
Income Tax $607.0K -$3.332M -$6.901M
% Of Pretax Income 155.24%
Net Earnings -$216.0K -$4.786M $4.649M
YoY Change -94.0% -282.19% -761.31%
Net Earnings / Revenue -0.26% -7.73% 1.57%
Basic Earnings Per Share -$0.01 $0.12
Diluted Earnings Per Share -$0.01 -$0.12 $1.00
COMMON SHARES
Basic Shares Outstanding 43.01M shares 41.30M shares 38.95M shares
Diluted Shares Outstanding 38.56M shares 39.05M shares

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $4.598M $6.072M $6.072M
YoY Change -39.53% 10.2% 10.2%
Cash & Equivalents $4.598M $6.072M $6.072M
Short-Term Investments
Other Short-Term Assets $3.210M $3.217M $2.404M
YoY Change -54.72% 1611.17% -41.61%
Inventory $25.58M $26.82M $26.82M
Prepaid Expenses $910.0K
Receivables $37.70M $25.79M $25.79M
Other Receivables $0.00 $0.00 $813.0K
Total Short-Term Assets $71.17M $61.90M $61.90M
YoY Change -1.21% -9.12% -9.12%
LONG-TERM ASSETS
Property, Plant & Equipment $251.4M $278.4M $278.4M
YoY Change -1.73% 7.54% -2.3%
Goodwill
YoY Change
Intangibles $5.678M $5.876M
YoY Change -12.25% -11.89%
Long-Term Investments
YoY Change
Other Assets $558.0K $163.0K $163.0K
YoY Change 108.99% -46.2% -46.2%
Total Long-Term Assets $278.1M $284.4M $284.4M
YoY Change -3.18% -2.57% -2.57%
TOTAL ASSETS
Total Short-Term Assets $71.17M $61.90M $61.90M
Total Long-Term Assets $278.1M $284.4M $284.4M
Total Assets $349.3M $346.3M $346.3M
YoY Change -2.79% -3.81% -3.81%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $9.935M $16.04M $16.04M
YoY Change -37.29% 11.13% 11.13%
Accrued Expenses $24.02M $20.70M $20.70M
YoY Change -3.0% 54.1% -14.98%
Deferred Revenue $2.375M $1.154M
YoY Change -59.75% -83.42%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $22.05M $15.71M $15.71M
YoY Change 113.0% 154.1% 154.1%
Total Short-Term Liabilities $59.31M $54.47M $54.47M
YoY Change 4.31% 4.91% 4.91%
LONG-TERM LIABILITIES
Long-Term Debt $2.445M $3.449M $3.449M
YoY Change -84.26% -64.83% -64.83%
Other Long-Term Liabilities $38.00K $34.02M $34.02M
YoY Change -5.0% 84942.5% -6.98%
Total Long-Term Liabilities $2.483M $37.47M $37.47M
YoY Change -84.06% 280.48% -19.21%
TOTAL LIABILITIES
Total Short-Term Liabilities $59.31M $54.47M $54.47M
Total Long-Term Liabilities $2.483M $37.47M $37.47M
Total Liabilities $106.7M $104.0M $104.0M
YoY Change -16.28% -10.73% -10.73%
SHAREHOLDERS EQUITY
Retained Earnings $74.32M $74.54M
YoY Change 12.12% 6.65%
Common Stock $182.7M $182.0M
YoY Change 1.92% 2.01%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $242.5M $242.3M $242.3M
YoY Change
Total Liabilities & Shareholders Equity $349.3M $346.3M $346.3M
YoY Change -2.79% -3.81% -3.81%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income -$216.0K -$4.786M $4.649M
YoY Change -94.0% -282.19% -761.31%
Depreciation, Depletion And Amortization $6.981M $7.076M $27.36M
YoY Change 10.08% 7.36% 6.49%
Cash From Operating Activities -$3.863M -$2.659M $30.99M
YoY Change -175.67% -147.58% 471.79%
INVESTING ACTIVITIES
Capital Expenditures $1.646M $6.905M $23.03M
YoY Change -59.03% 116.05% 80.9%
Acquisitions $0.00
YoY Change -100.0%
Other Investing Activities $1.000K $6.000K $129.0K
YoY Change 0.0% -92.0% -102.36%
Cash From Investing Activities -$1.645M -$6.899M -$22.90M
YoY Change -59.05% 121.05% 25.78%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net -$4.698M
YoY Change -970.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $4.034M 6.321M -7.527M
YoY Change 300.99% -186.25% 3.25%
NET CHANGE
Cash From Operating Activities -$3.863M -2.659M 30.99M
Cash From Investing Activities -$1.645M -6.899M -22.90M
Cash From Financing Activities $4.034M 6.321M -7.527M
Net Change In Cash -$1.474M -3.237M 562.0K
YoY Change -170.39% -33.41% -102.8%
FREE CASH FLOW
Cash From Operating Activities -$3.863M -$2.659M $30.99M
Capital Expenditures $1.646M $6.905M $23.03M
Free Cash Flow -$5.509M -$9.564M $7.960M
YoY Change -606.81% -499.67% -208.88%

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5510000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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25588000 usd
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11725000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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5510000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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25588000 usd
CY2023 us-gaap Nature Of Operations
NatureOfOperations
Organization and Nature of Business<div style="margin-bottom:9pt;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company was incorporated in July 2011 and is headquartered in Spring, Texas. The Company primarily operates as a fully integrated frac and industrial sand supply and services company. The Company offers complete mine to wellsite proppant supply and logistics solutions to our frac sand customers. These operations include the excavation, processing and sale of sand, or proppant, for use in hydraulic fracturing operations as well as proppant logistics and wellsite storage solutions through its SmartSystems</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%;position:relative;top:-3.5pt;vertical-align:baseline">TM </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">products and services. In late 2021, the Company created its Industrial Products Solutions (“IPS”) business to diversify its customer base and markets it serves by offering sand to customers for industrial uses, such as glass, foundry, building products, filtration, geothermal, renewables, ceramics, turf &amp; landscape, retail, and recreation.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Sand Mines and Processing Facilities</span></div><div style="margin-bottom:9pt;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company’s integrated Oakdale facility, with on-site rail infrastructure and wet and dry sand processing facilities, has access to two Class I rail lines which enable the Company to process and cost effectively deliver products to its customers. The Company completed construction of the first phase of its mine and processing facility near Oakdale, Wisconsin and commenced operations in July 2012, and subsequently expanded its operations in 2014, 2015 and 2018. Currently, the annual processing capacity at the Company’s Oakdale facility is approximately 5.5 million tons. </span></div><div style="margin-bottom:9pt;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In September 2020, the Company acquired two frac sand mines and related processing facilities in Utica, Illinois and New Auburn, Wisconsin. The Utica facility has an annual processing capacity of 1.6 million tons and access to the Burlington Northern Santa Fe (“BNSF”) Class I rail line through the Peru, Illinois transload facility. The Company began operating the Utica, Illinois mine and Peru, Illinois transload facility in October 2020. The Company has no plans to operate the New Auburn Facility for the foreseeable future.</span></div><div style="margin-bottom:9pt;text-indent:20.25pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In March 2022, the Company acquired its Blair, Wisconsin, whose primary assets of Blair consisted of an idle frac sand mine and related processing facility located in Blair, Wisconsin. The Blair facility has approximately 2.9 million tons of total annual processing capacity and contains an onsite, unit train capable rail terminal with access to the Class 1 Canadian National Railway. The Company began operations at Blair in the second quarter of 2023.</span></div><div style="margin-bottom:9pt;text-indent:20.25pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">With the Blair acquisition, the Company has direct access to four Class I rail lines and the ability to access all Class 1 rail lines within the United States and Canada.</span></div><div style="margin-bottom:9pt;text-indent:20.25pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company also offers proppant logistics solutions to its customers through, among other things, its in-basin transloading terminals and its SmartSystems</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%;position:relative;top:-3.5pt;vertical-align:baseline">TM </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">wellsite proppant storage and management capabilities.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Transload &amp; Logistics Solutions</span></div><div style="margin-bottom:9pt;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In March 2018, the Company acquired the rights to operate a unit train capable transloading terminal in Van Hook, North Dakota to service the Bakken Formation in the Williston Basin and began providing Northern White Sand in-basin in April 2018. </span></div><div style="margin-bottom:9pt;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In September 2020, the Company acquired the rights to use a rail terminal located in El Reno, Oklahoma.</span></div><div style="margin-bottom:9pt;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In September 2021, the Company acquired the rights to construct and operate a transloading terminal in Waynesburg, Pennsylvania to service the Appalachian Basin, including the Marcellus and Utica Formations. The Company began providing sand to customers through this terminal in January 2022 and recently expanded the facility’s capacity in late 2023.</span></div><div style="margin-bottom:9pt;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In December 2023 and January 2024, the Company acquired rights to use transloading terminals in Minerva, Ohio and Dennison, Ohio, respectively. These terminals will service the Appalachian Basin and are expected to commence operations in the second quarter of 2024. </span></div><div style="text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">In June 2018, the Company acquired substantially all of the assets of Quickthree Solutions, Inc., (“Quickthree”), a manufacturer of portable vertical proppant storage solution systems. Quickthree formed the basis for the Company’s SmartSystems under which it offers various proppant storage solutions that create efficiencies, flexibility, enhanced safety and reliability for customers by providing the capability to unload, store and deliver proppant at the wellsite, as well as the ability to rapidly set up, takedown and transport the entire system. The SmartDepot</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:112%;position:relative;top:-3.5pt;vertical-align:baseline">TM</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%"> silo includes passive and active dust suppression technology, along with the capability of gravity-fed operation. The self-contained SmartPath</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:112%;position:relative;top:-3.5pt;vertical-align:baseline">TM</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%"> transloader is a mobile sand transloading system designed to work with bottom dump trailers and features a drive over conveyor, surge bin, and dust collection system. The SmartBelt</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:112%;position:relative;top:-3.5pt;vertical-align:baseline">TM</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%"> conveyor works in conjunction with the SmartPath to provide sand directly into the blender </span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">on the wellsite. The Company has developed a belt system to pair with its SmartPath, which allows for feeding sand directly into the hopper at the wellsite. Rapid deployment trailers are designed for quick setup, takedown and transportation of the entire SmartSystem, and they detach from the wellsite equipment, which allows for removal from the wellsite during operation. A proprietary software program, the SmartSystem Tracker</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:112%;position:relative;top:-3.5pt;vertical-align:baseline">TM</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">, allows customers to monitor silo-specific information, including location, proppant type and proppant inventory.</span></div>
CY2023Q4 snd Current Annual Processing Capacity
CurrentAnnualProcessingCapacity
5500000 t
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
5876000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
7461000 usd
CY2023 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Revision of Previously Issued Financial Statements for Immaterial Misstatements</span></div><div style="margin-bottom:9pt;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">During the quarter ended March 31, 2023, the Company identified a misclassification in the operating expenses section of the statement of operations in the audited financial statements for the year ended December 31, 2022. The misclassification was an overstatement of salaries, benefits and payroll taxes and an understatement of selling, general and administrative in the amount of $1,462. For the three and twelve months ended December 31, 2022, the Company has decreased salaries, benefits and payroll taxes and increased selling, general and administrative line items by $1,462. There was no effect to the amounts reported in the first, second or third quarter financial statements of 2022. Pursuant to the guidance of Staff Accounting Bulletin (“SAB”) No. 99, “Materiality”, the Company evaluated the materiality of this misclassification quantitatively and qualitatively and concluded that it was not material to any of its prior annual or quarterly financial statements or trends of financial results. The Company has reclassified the prior year financial statement presentation to conform to the current financial statement presentation. These reclassifications have no effect on previously reported net income.</span></div>
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-bottom:9pt;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in accordance with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent liabilities at the date of the consolidated financial statements, and the reported amounts of revenues and expenses during the reporting period. Significant estimates used in the preparation of these financial statements include, but are not limited to: the sand reserves and their impact on calculating the depletion expense under the units-of-production method; the depreciation and amortization associated with property, plant and equipment and definite-lived intangible assets; impairment considerations of intangible assets; estimated cost of future asset retirement obligations; fair value of acquired assets and assumed liabilities; stock-based compensation; recoverability of deferred tax assets; inventory reserve; collectability of receivables; and certain liabilities. </span></div>Actual results could differ from management’s best estimates as additional information or actual results become available in the future, and those differences could be material. The Company is currently unable to estimate the impact of current or future events on its future financial position and results of operations. Therefore, the Company can give no assurances that current or future events will not have a material adverse effect on its financial position or results of operations.
CY2023Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
235704000 usd
CY2023Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
150475000 usd
CY2023Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
85229000 usd
CY2023 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
0 usd
CY2022 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1000 usd
CY2021 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
19592000 usd
CY2021 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
19592000 usd
CY2023 us-gaap Proceeds From Legal Settlements
ProceedsFromLegalSettlements
35000000 usd
CY2021 snd Depletion And Related Adjustment
DepletionAndRelatedAdjustment
36000 usd
CY2021 us-gaap Asset Impairment Charges
AssetImpairmentCharges
2170000 usd
CY2022 us-gaap Inventory Write Down
InventoryWriteDown
0 usd
CY2023 us-gaap Inventory Write Down
InventoryWriteDown
0 usd
CY2023 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
291000 usd
CY2022 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
291000 usd
CY2021 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
291000 usd
CY2023 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
0 usd
CY2022 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
0 usd
CY2023 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1719000 shares
CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2317000 shares
CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
3011000 shares
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
6669000 usd
CY2023 us-gaap Finitelived Intangible Assets Acquired1
FinitelivedIntangibleAssetsAcquired1
0 usd
CY2023 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0 usd
CY2022Q4 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
0 usd
CY2023Q4 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
0 usd
CY2023 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
38948000 shares
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
42408000 shares
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
41775000 shares
CY2023 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
98000 shares
CY2022 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2021 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
39046000 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
42408000 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
41775000 shares
CY2023Q4 us-gaap Prepaid Insurance
PrepaidInsurance
1494000 usd
CY2022Q4 us-gaap Prepaid Insurance
PrepaidInsurance
777000 usd
CY2023Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
910000 usd
CY2022Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
658000 usd
CY2023Q4 us-gaap Prepaid Taxes
PrepaidTaxes
0 usd
CY2022Q4 us-gaap Prepaid Taxes
PrepaidTaxes
2494000 usd
CY2023Q4 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
813000 usd
CY2022Q4 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
2476000 usd
CY2023Q4 us-gaap Other Assets Current
OtherAssetsCurrent
0 usd
CY2022Q4 us-gaap Other Assets Current
OtherAssetsCurrent
188000 usd
CY2023Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
3217000 usd
CY2022Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
6593000 usd
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
414230000 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
393797000 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
159138000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
134954000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
255092000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
258843000 usd
CY2023 us-gaap Depreciation
Depreciation
26533000 usd
CY2022 us-gaap Depreciation
Depreciation
25693000 usd
CY2021 us-gaap Depreciation
Depreciation
24667000 usd
CY2023 snd Depletion And Related Adjustment
DepletionAndRelatedAdjustment
35000 usd
CY2022 snd Depletion And Related Adjustment
DepletionAndRelatedAdjustment
36000 usd
CY2022 us-gaap Finitelived Intangible Assets Acquired1
FinitelivedIntangibleAssetsAcquired1
0 usd
CY2022 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0 usd
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
792000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
6669000 usd
CY2023Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
10300000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
4424000 usd
CY2022Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
10300000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
3631000 usd
CY2023Q4 us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P7Y4M24D
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Rolling Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextRollingTwelveMonths
792000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearTwo
792000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearThree
792000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearFour
792000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearFive
792000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseRollingAfterYearFive
1916000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
5876000 usd
CY2023Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
1767000 usd
CY2022Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
1172000 usd
CY2023Q4 snd Accrued Equipment Expense
AccruedEquipmentExpense
524000 usd
CY2022Q4 snd Accrued Equipment Expense
AccruedEquipmentExpense
597000 usd
CY2023Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
461000 usd
CY2022Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
295000 usd
CY2023Q4 us-gaap Accrued Royalties Current
AccruedRoyaltiesCurrent
3149000 usd
CY2022Q4 us-gaap Accrued Royalties Current
AccruedRoyaltiesCurrent
3470000 usd
CY2023Q4 snd Accrued Freight And Delivery Charges Current
AccruedFreightAndDeliveryChargesCurrent
2066000 usd
CY2022Q4 snd Accrued Freight And Delivery Charges Current
AccruedFreightAndDeliveryChargesCurrent
4117000 usd
CY2023Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
1044000 usd
CY2022Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
1008000 usd
CY2023Q4 us-gaap Accrued Utilities Current
AccruedUtilitiesCurrent
604000 usd
CY2022Q4 us-gaap Accrued Utilities Current
AccruedUtilitiesCurrent
1604000 usd
CY2023Q4 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
486000 usd
CY2022Q4 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
829000 usd
CY2023Q4 us-gaap Accrued Income Taxes
AccruedIncomeTaxes
865000 usd
CY2022Q4 us-gaap Accrued Income Taxes
AccruedIncomeTaxes
0 usd
CY2023Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
58000 usd
CY2022Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
338000 usd
CY2023Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
11024000 usd
CY2022Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
13430000 usd
CY2023Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
15711000 usd
CY2022Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
6183000 usd
CY2023Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
3449000 usd
CY2022Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
9807000 usd
CY2023Q4 us-gaap Line Of Credit Facility Fair Value Of Amount Outstanding
LineOfCreditFacilityFairValueOfAmountOutstanding
8000000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
16221000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
2670000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
877000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
409000 usd
CY2023Q4 snd Long Term Debt Maturity Year Five And After Year Five
LongTermDebtMaturityYearFiveAndAfterYearFive
7000 usd
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
20184000 usd
CY2023 us-gaap Debt Instrument Periodic Payment Interest
DebtInstrumentPeriodicPaymentInterest
849000 usd
CY2023Q4 us-gaap Unamortized Loan Commitment And Origination Fees And Unamortized Discounts Or Premiums
UnamortizedLoanCommitmentAndOriginationFeesAndUnamortizedDiscountsOrPremiums
175000 usd
CY2023Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
15711000 usd
CY2023Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
3449000 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
23265000 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
26075000 usd
CY2023Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
908000 usd
CY2022Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
699000 usd
CY2023Q4 snd Lessee Lease Assets
LesseeLeaseAssets
24173000 usd
CY2022Q4 snd Lessee Lease Assets
LesseeLeaseAssets
26774000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
24592000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
28552000 usd
CY2023Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
780000 usd
CY2022Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
820000 usd
CY2023Q4 snd Lessee Lease Liability
LesseeLeaseLiability
25372000 usd
CY2022Q4 snd Lessee Lease Liability
LesseeLeaseLiability
29372000 usd
CY2023 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
292000 usd
CY2022 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
136000 usd
CY2023 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
74000 usd
CY2022 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
20000 usd
CY2023 us-gaap Operating Lease Cost
OperatingLeaseCost
13797000 usd
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
12214000 usd
CY2023 us-gaap Short Term Lease Cost
ShortTermLeaseCost
36000 usd
CY2022 us-gaap Short Term Lease Cost
ShortTermLeaseCost
594000 usd
CY2023 us-gaap Lease Cost
LeaseCost
14199000 usd
CY2022 us-gaap Lease Cost
LeaseCost
12964000 usd
CY2023 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
73000 usd
CY2022 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
20000 usd
CY2023 us-gaap Operating Lease Payments
OperatingLeasePayments
14928000 usd
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
12626000 usd
CY2023 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
394000 usd
CY2022 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
116000 usd
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
492000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
590000 usd
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
9569000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
6721000 usd
CY2023Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P3Y3M18D
CY2022Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P3Y1M6D
CY2023Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0971
CY2022Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0937
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P2Y8M12D
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P2Y9M18D
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0651
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0581
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
11776000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
312000 usd
CY2023Q4 snd Finance And Operating Lease Liability Payments Remainder Next Twelve Months
FinanceAndOperatingLeaseLiabilityPaymentsRemainderNextTwelveMonths
12089000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
7785000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
268000 usd
CY2023Q4 snd Finance And Operating Lease Liability Payments Due Year Two
FinanceAndOperatingLeaseLiabilityPaymentsDueYearTwo
8052000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
4335000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
257000 usd
CY2023Q4 snd Finance And Operating Lease Liability Payments Due Year Three
FinanceAndOperatingLeaseLiabilityPaymentsDueYearThree
4592000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
2075000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
59000 usd
CY2023Q4 snd Finance And Operating Lease Liability Payments Due Year Four
FinanceAndOperatingLeaseLiabilityPaymentsDueYearFour
2134000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
923000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
7000 usd
CY2023Q4 snd Finance And Operating Lease Liability Payments Due Year Five
FinanceAndOperatingLeaseLiabilityPaymentsDueYearFive
930000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
25000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
0 usd
CY2023Q4 snd Finance And Operating Lease Liability Payments Due After Year Five
FinanceAndOperatingLeaseLiabilityPaymentsDueAfterYearFive
25000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
26919000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
903000 usd
CY2023Q4 snd Finance And Operating Lease Liability Payments Due
FinanceAndOperatingLeaseLiabilityPaymentsDue
27822000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
2327000 usd
CY2023Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
123000 usd
CY2023Q4 snd Finance And Operating Lease Liability Undiscounted Excess Amount
FinanceAndOperatingLeaseLiabilityUndiscountedExcessAmount
2450000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
24592000 usd
CY2023Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
780000 usd
CY2023Q4 snd Finance And Operating Lease Liability
FinanceAndOperatingLeaseLiability
25372000 usd
CY2023Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
19923000 usd
CY2021Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
16155000 usd
CY2022 snd Asset Retirement Obligation Liabilities Incurred And Revision Of Prior Estimated
AssetRetirementObligationLiabilitiesIncurredAndRevisionOfPriorEstimated
1975000 usd
CY2022 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
758000 usd
CY2022 us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
0 usd
CY2022Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
18888000 usd
CY2023 snd Asset Retirement Obligation Liabilities Incurred And Revision Of Prior Estimated
AssetRetirementObligationLiabilitiesIncurredAndRevisionOfPriorEstimated
328000 usd
CY2023 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
904000 usd
CY2023 us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
197000 usd
CY2023Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
19923000 usd
CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
295974000 usd
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
255740000 usd
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
126648000 usd
CY2023Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
1154000 usd
CY2022Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
6959000 usd
CY2023 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
6936000 usd
CY2023Q4 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
1154000 usd
CY2022Q4 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
23000 usd
CY2023Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
1154000 usd
CY2022Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
6959000 usd
CY2023Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
721000 shares
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
1282000 usd
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
975000 shares
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
2275000 usd
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
675000 shares
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
1358000 usd
CY2023Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Share Based Awards Other Than Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions
3835000 usd
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