Smart Sand (SND) 10-Q 12 Nov 24 2024 Q3 Quarterly report Financial data

Cover Page

Cover Page - shares	9 Months Ended
	Sep. 30, 2024	Nov. 05, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2024
Document Transition Report	false
Entity File Number	001-37936
Entity Registrant Name	SMART SAND, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	45-2809926
Entity Address, Address Line One	1000 Floral Vale Boulevard
Entity Address, Address Line Two	Suite 225
Entity Address, City or Town	Yardley
Entity Address, State or Province	PA
Entity Address, Postal Zip Code	19067
City Area Code	281
Local Phone Number	231-2660
Title of 12(b) Security	Common Stock, par value $0.001 per share
Trading Symbol	SND
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		42,919,298
Amendment Flag	false
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q3
Entity Central Index Key	0001529628
Current Fiscal Year End Date	--12-31

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 7,215	$ 6,072
Accounts receivable	24,164	23,231
Unbilled receivables	2,743	2,561
Inventory	27,839	26,823
Prepaid expenses and other current assets	2,786	3,217
Total current assets	64,747	61,904
Property, plant and equipment, net	241,889	255,092
Operating lease right-of-use assets	22,742	23,265
Intangible assets, net	5,282	5,876
Other assets	1,151	163
Total assets	335,811	346,300
Current liabilities:
Accounts payable	10,860	16,041
Accrued expenses and other liabilities	12,427	11,024
Deferred revenue	1,351	1,154
Current portion of long-term debt	3,664	15,711
Current portion of operating lease liabilities	9,497	10,536
Total current liabilities	37,799	54,466
Long-term debt	9,906	3,449
Long-term operating lease liabilities	13,964	14,056
Deferred tax liabilities, net	9,884	12,101
Asset retirement obligations	20,670	19,923
Other non-current liabilities	38	38
Total liabilities	92,261	104,033
Commitments and contingencies (Note 13)
Stockholders’ equity
Common stock, $0.001 par value, 350,000,000 shares authorized; 46,573,353 issued and 39,016,629 outstanding at September 30, 2024; 45,858,022 issued and 38,486,762 outstanding at December 31, 2023	39	39
Treasury stock, at cost, 7,556,724 and 7,371,260 shares at September 30, 2024 and December 31, 2023, respectively	(14,624)	(14,249)
Additional paid-in capital	184,390	181,973
Retained earnings	73,795	74,539
Accumulated other comprehensive loss	(50)	(35)
Total stockholders’ equity	243,550	242,267
Total liabilities and stockholders’ equity	$ 335,811	$ 346,300

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Sep. 30, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized (in shares)	350,000,000	350,000,000
Common stock, shares issued (in shares)	46,573,353	45,858,022
Common stock, shares outstanding (in shares)	39,016,629	38,486,762
Treasury stock, shares (in shares)	7,556,724	7,371,260

CONDENSED CONSOLIDATED INCOME S

CONDENSED CONSOLIDATED INCOME STATEMENTS (UNAUDITED) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Revenues:	$ 63,158	$ 76,900	$ 220,009	$ 234,026
Cost of goods sold:	56,671	62,502	188,638	195,302
Gross profit	6,487	14,398	31,371	38,724
Operating expenses:
Selling, general and administrative	9,703	8,917	28,924	28,634
Depreciation and amortization	633	647	1,978	1,868
Loss (gain) on disposal of fixed assets, net	1,063	(92)	1,069	1,821
Total operating expenses	11,399	9,472	31,971	32,323
Operating income	(4,912)	4,926	(600)	6,401
Interest expense, net	(344)	(276)	(1,226)	(940)
Other income	53	198	224	405
Total other expenses, net	(322)	(78)	(2,343)	(535)
Income (loss) before income tax expense (benefit)	(5,234)	4,848	(2,943)	5,866
Income tax expense (benefit)	(5,136)	(1,879)	(2,199)	(3,569)
Net (loss) income	$ (98)	$ 6,727	$ (744)	$ 9,435
Net (loss) income per common share:
Basic (in dollars per share)	$ 0	$ 0.18	$ (0.02)	$ 0.24
Diluted (in dollars per share)	$ 0	$ 0.18	$ (0.02)	$ 0.24
Weighted-average number of common shares:
Basic (in shares)	38,926	38,253	38,735	39,153
Diluted (in shares)	38,926	38,412	38,735	39,239
Gain (Loss) on Extinguishment of Debt	$ (31)	$ 0	$ (1,341)	$ 0
Sand
Revenues:	62,232	74,869	212,971	227,332
Cost of goods sold:	55,601	61,490	183,470	189,878
SmartSystems
Revenues:	926	2,031	7,038	6,694
Cost of goods sold:	$ 1,070	$ 1,012	$ 5,168	$ 5,424

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Statement of Comprehensive Income [Abstract]
Net (loss) income	$ (98)	$ 6,727	$ (744)	$ 9,435
Other comprehensive (loss) income:
Foreign currency translation adjustment	38	(147)	(15)	(254)
Comprehensive (loss) income	$ (60)	$ 6,580	$ (759)	$ 9,181

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY (UNAUDITED) - USD ($) $ in Thousands	Total	Restricted Stock	Common Stock	Common Stock Restricted Stock	Treasury Stock	Treasury Stock Restricted Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive (Loss) Income
Beginning balance (in shares) at Dec. 31, 2022			43,088,106
Beginning balance at Dec. 31, 2022	$ 243,471		$ 43		$ (5,075)		$ 178,386	$ 69,890	$ 227
Beginning balance (in shares) at Dec. 31, 2022					2,010,961
Increase (Decrease) in Stockholders' Equity
Foreign currency translation adjustment	(66)								(66)
Vesting of restricted stock (in shares)			4,750
Stock-based compensation	779						779
Employee stock purchase plan compensation	7						7
Employee stock purchase plan issuance (in shares)			21,810
Employee stock purchase plan issuance	33						33
Stock buy back (in shares)			5,175,688	(1,618)	5,175,688	1,618
Stock buy back	(8,850)	$ (3)	$ (5)		$ (8,845)	$ (3)
Net (loss) income	(3,599)							(3,599)
Ending balance (in shares) at Mar. 31, 2023			37,937,360
Ending balance at Mar. 31, 2023	231,772		$ 38		$ (13,923)		179,205	66,291	161
Ending balance (in shares) at Mar. 31, 2023					7,188,267
Beginning balance (in shares) at Dec. 31, 2022			43,088,106
Beginning balance at Dec. 31, 2022	243,471		$ 43		$ (5,075)		178,386	69,890	227
Beginning balance (in shares) at Dec. 31, 2022					2,010,961
Increase (Decrease) in Stockholders' Equity
Foreign currency translation adjustment	(254)
Net (loss) income	9,435
Ending balance (in shares) at Sep. 30, 2023			38,311,714
Ending balance at Sep. 30, 2023	246,146		$ 38		$ (14,124)		180,934	79,325	(27)
Ending balance (in shares) at Sep. 30, 2023					7,305,928
Beginning balance (in shares) at Mar. 31, 2023			37,937,360
Beginning balance at Mar. 31, 2023	231,772		$ 38		$ (13,923)		179,205	66,291	161
Beginning balance (in shares) at Mar. 31, 2023					7,188,267
Increase (Decrease) in Stockholders' Equity
Foreign currency translation adjustment	(41)								(41)
Vesting of restricted stock (in shares)			228,036
Stock-based compensation	833						833
Employee stock purchase plan compensation	8						8
Stock buy back (in shares)				48,131		48,131
Stock buy back		(77)				$ (77)
Net (loss) income	6,307							6,307
Ending balance (in shares) at Jun. 30, 2023			38,117,265
Ending balance at Jun. 30, 2023	238,802		$ 38		$ (14,000)		180,046	72,598	120
Ending balance (in shares) at Jun. 30, 2023					7,236,398
Increase (Decrease) in Stockholders' Equity
Foreign currency translation adjustment	(147)								(147)
Vesting of restricted stock (in shares)			247,368
Stock-based compensation	860						860
Employee stock purchase plan compensation	5						5
Employee stock purchase plan issuance (in shares)			16,611
Employee stock purchase plan issuance	23						23
Stock buy back (in shares)				69,530		69,530
Stock buy back		(124)				$ (124)
Net (loss) income	6,727							6,727
Ending balance (in shares) at Sep. 30, 2023			38,311,714
Ending balance at Sep. 30, 2023	$ 246,146		$ 38		$ (14,124)		180,934	79,325	(27)
Ending balance (in shares) at Sep. 30, 2023					7,305,928
Beginning balance (in shares) at Dec. 31, 2023	38,486,762		38,486,762
Beginning balance at Dec. 31, 2023	$ 242,267		$ 39		$ (14,249)		181,973	74,539	(35)
Beginning balance (in shares) at Dec. 31, 2023	7,371,260				7,371,260
Increase (Decrease) in Stockholders' Equity
Foreign currency translation adjustment	$ (26)								(26)
Vesting of restricted stock (in shares)			288,817
Stock-based compensation	642						642
Employee stock purchase plan compensation	6						6
Employee stock purchase plan issuance (in shares)			17,891
Employee stock purchase plan issuance	25						25
Stock buy back (in shares)				87,462		87,462
Stock buy back		(170)				$ (170)
Net (loss) income	(216)							(216)
Ending balance (in shares) at Mar. 31, 2024			38,706,008
Ending balance at Mar. 31, 2024	$ 242,528		$ 39		$ (14,419)		182,646	74,323	(61)
Ending balance (in shares) at Mar. 31, 2024					7,458,722
Beginning balance (in shares) at Dec. 31, 2023	38,486,762		38,486,762
Beginning balance at Dec. 31, 2023	$ 242,267		$ 39		$ (14,249)		181,973	74,539	(35)
Beginning balance (in shares) at Dec. 31, 2023	7,371,260				7,371,260
Increase (Decrease) in Stockholders' Equity
Foreign currency translation adjustment	$ (15)
Net (loss) income	$ (744)
Ending balance (in shares) at Sep. 30, 2024	39,016,629		39,016,629
Ending balance at Sep. 30, 2024	$ 243,550		$ 39		$ (14,624)		184,390	73,795	(50)
Ending balance (in shares) at Sep. 30, 2024	7,556,724				7,556,724
Beginning balance (in shares) at Mar. 31, 2024			38,706,008
Beginning balance at Mar. 31, 2024	$ 242,528		$ 39		$ (14,419)		182,646	74,323	(61)
Beginning balance (in shares) at Mar. 31, 2024					7,458,722
Increase (Decrease) in Stockholders' Equity
Foreign currency translation adjustment	(27)								(27)
Vesting of restricted stock (in shares)			89,911
Stock-based compensation	840						840
Employee stock purchase plan compensation	6						6
Stock buy back (in shares)				24,702		24,702
Stock buy back		(52)				$ (52)
Net (loss) income	(430)							(430)
Ending balance (in shares) at Jun. 30, 2024			38,771,217
Ending balance at Jun. 30, 2024	242,865		$ 39		$ (14,471)		183,492	73,893	(88)
Ending balance (in shares) at Jun. 30, 2024					7,483,424
Increase (Decrease) in Stockholders' Equity
Foreign currency translation adjustment	38								38
Vesting of restricted stock (in shares)			303,087
Stock-based compensation	866						866
Employee stock purchase plan compensation	6						6
Employee stock purchase plan issuance (in shares)			15,625
Employee stock purchase plan issuance	26						26
Stock buy back (in shares)				73,300		73,300
Stock buy back		$ (153)				$ (153)
Net (loss) income	$ (98)							(98)
Ending balance (in shares) at Sep. 30, 2024	39,016,629		39,016,629
Ending balance at Sep. 30, 2024	$ 243,550		$ 39		$ (14,624)		$ 184,390	$ 73,795	$ (50)
Ending balance (in shares) at Sep. 30, 2024	7,556,724				7,556,724

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Operating activities:
Net (loss) income	$ (744)	$ 9,435
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation, depletion and accretion of asset retirement obligations	21,090	20,359
Amortization of intangible assets	596	596
Net loss on disposal of fixed assets	1,069	1,821
Amortization of deferred financing cost	89	79
Accretion of debt discount	92	140
Loss on extinguishment of debt	1,341	0
Deferred income taxes	(2,217)	(4,096)
Stock-based compensation, net	2,348	2,472
Employee stock purchase plan compensation	18	20
Changes in assets and liabilities:
Accounts receivable	(933)	11,888
Unbilled receivables	(181)	(244)
Inventory	(1,015)	(5,770)
Prepaid expenses and other assets	(39)	4,856
Deferred revenue	196	(4,942)
Accounts payable	(6,219)	(3,871)
Accrued and other expenses	1,338	907
Net cash provided by operating activities	16,829	33,650
Investing activities:
Purchases of property, plant and equipment	(5,135)	(16,126)
Proceeds from disposal of assets	81	123
Net cash used in investing activities	(5,054)	(16,003)
Financing activities:
Proceeds from the issuance of notes payable	9,755	0
Repayments of notes payable	(9,540)	(8,952)
Proceeds from revolving credit facility	16,975	15,000
Repayment of revolving credit facility	(24,975)	(15,000)
Payments under finance leases	(167)	(323)
Payment of deferred financing and debt issuance costs	(1,129)	0
Payment for debt extinguishment costs	(1,227)	0
Employee stock purchase plan issuance	51	56
Purchase of treasury stock	(375)	(4,629)
Net cash used in financing activities	(10,632)	(13,848)
Net increase (decrease) in cash and cash equivalents	1,143	3,799
Cash and cash equivalents at beginning of year	6,072	5,510
Cash and cash equivalents at end of period	7,215	9,309
Supplemental disclosure of cash flow information
Purchases of property, plant and equipment in accounts payable and accrued expenses	1,517	2,351
Treasury stock purchased with debt	0	4,425
Fixed assets purchased with debt	$ 2,214	$ 0

Organization and Nature of Busi

Organization and Nature of Business	9 Months Ended
	Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Nature of Business	Organization and Nature of Business The Company was incorporated in July 2011 and is headquartered in Yardley, Pennsylvania. 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 in the oil and natural gas industry. These operations include the excavation, processing and sale of sand, or proppant, for hydraulic fracturing operations as well as proppant logistics and wellsite storage solutions through its SmartSystems TM products and services. The Company also provides sand to customers for industrial uses through its Industrial Product Solutions (“IPS”), such as glass, foundry, building products, filtration, geothermal, renewables, ceramics, turf & landscape, retail, and recreation. Sand Mines and Processing Facilities The Company’s integrated Oakdale, Wisconsin facility, with on-site rail infrastructure and wet and dry sand processing facilities, has access to two Class I rail lines, the Canadian Pacific Railway through its onsite rail terminal and the Union Pacific Railway through its nearby Byron, Wisconsin facility. The Company commenced operations at its mine and processing facility near Oakdale, Wisconsin in July 2012, and subsequently expanded its operations in 2014, 2015 and 2018. The annual processing capacity at the Oakdale facility is approximately 5.5 million tons. In September 2020, the Company acquired two frac sand mines and related processing facilities in Ottawa, Illinois and New Auburn, Wisconsin. The annual processing capacity at the Ottawa, Illinois facility is approximately 1.6 million tons and it has access to the Class I Burlington Northern Santa Fe railway through the Company’s nearby Peru, Illinois transload facility. The Company began operating the Ottawa, Illinois mine and Peru, Illinois transload facility in October 2020. The Company currently has no plans to operate the New Auburn facility for the foreseeable future. In March 2022, the Company acquired a frac sand mine and processing facility in Blair, Wisconsin. The annual processing capacity at the Blair facility is approximately 2.9 million tons and contains an onsite, unit train capable rail terminal with access to the Class 1 Canadian National Railway. The Company commenced operations at the Blair facility in April 2023. Transload & Logistics Solutions The Company also offers proppant logistics solutions to its customers through, among other things, its network of in-basin transloading terminals and its SmartSystems TM wellsite proppant storage and management capabilities. 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. The Company’s network of terminals and rail line access enables it to provide cost-effective delivery options to its customers. The Company has several in-basin rail terminals. The Company acquired rights in March 2018 to operate a unit train capable transloading terminal in Van Hook, North Dakota to service the Bakken Formation in the Williston Basin. In 2020, the Company, as part of its acquisition of the Ottawa, Illinois facility, obtained rights to use a rail terminal located in El Reno, Oklahoma. 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, which became operational in January 2022 and was further expanded in the fourth quarter of 2023. In December 2023 and January 2024, the Company acquired rights to use transloading terminals in Minerva, Ohio and Dennison, Ohio, respectively, which service the Appalachian Basin. The Minerva terminal became operational in the second quarter of 2024 and the Dennison terminal became operational in the third quarter of 2024. The Company’s SmartSystems offer 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 having the ability to rapidly set up, takedown and transport the entire system. The SmartDepot TM silo includes passive and active dust suppression technology, along with the capability of gravity-fed operation. The SmartPath ® 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 Company has developed the Smartbelt TM 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 TM , allows customers to monitor silo-specific information, including location, proppant type and proppant inventory.

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2024
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies The information presented below supplements the complete description of our significant accounting policies disclosed in our 2023 Form 10-K, filed with the Securities and Exchange Commission (“SEC”) on March 11, 2024. Revision of Previously Issued Financial Statements The Company has reclassified some prior year line items on its condensed consolidated statements of operations to conform to the current financial statement presentation. These reclassifications have no effect on previously reported total revenue or net income. The Company changed the names and types of revenue and cost of goods sold that are reported on each line item on its statements of operations. Sand revenue and cost of goods sold now includes sand sales, shortfall, railcar rental, and transportation. SmartSystems revenue and cost of goods sold is primarily the rental of our patented SmartSystems equipment and related services provided to customers. There has been no change in the manner in which we recognize revenue or costs. Basis of Presentation and Consolidation The accompanying unaudited quarterly condensed consolidated financial statements (“interim statements”) of the Company are presented in accordance with the rules and regulations of the SEC for quarterly reports on Form 10-Q and therefore do not include all the information and notes required by GAAP. In the opinion of management, all adjustments and disclosures necessary for a fair presentation of these interim statements have been included. All adjustments are of a normal recurring nature. The results reported in these interim statements are not necessarily indicative of the results that may be reported for the entire year. The consolidated balance sheet as of December 31, 2023 was derived from the audited consolidated financial statements as of and for the year ended December 31, 2023. These interim statements should be read in conjunction with the Company’s consolidated financial statements for the year ended December 31, 2023. Use of Estimates The preparation of interim statements 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: impairment considerations of assets, including intangible assets, fixed assets, and inventory; estimated cost of future asset retirement obligations; fair value of acquired assets and assume liabilities; recoverability of deferred tax assets; inventory reserve; the collectability of receivables; and certain liabilities. 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. Additionally, global events such as the ongoing conflict in Ukraine and the recent conflict in the Middle East may affect oil and natural gas prices and significant volatility in the oilfield service sector. The Company is currently unable to estimate the effect of current or future events on its future financial position and results of operations. Therefore, the Company can give no assurances that these events will not have a material adverse effect on its financial position or results of operations. Employee Retention Credit The Company qualified for federal government assistance through employee retention credit provisions of the Consolidated Appropriations Act of 2021. As of September 30, 2024 and December 31, 2023, the Company included $522 in prepaid expenses and other current assets on its consolidated balance sheets related to receivables for the employee retention credits. The calculation of the credit was based on employees continued employment and represents a portion of the wages paid to them. For income tax purposes, the credit will result in decreased expense related to the wages it offsets in the period received. Recent Accounting Pronouncements In November 2023, the FASB issued ASU 2023-07, Segment Reporting, which updates various reportable disclosure requirements, primarily through incremental disclosures of segment expenses in both annual and interim reporting. The Update is effective for the Company as of the annual reporting period beginning January 1, 2024 and interim periods beginning January 1, 2025. While the Company is still in the process of evaluating the effects of ASU 2023-07 and its related updates on the consolidated financial statements, at the time of adoption, it believes the primary effect will be updated note disclosures. In December 2023, the FASB issued ASU 2023-09, Income Taxes, which updates various disclosures including enhancing the income tax rate reconciliation and income taxes paid disclosures by requiring greater disaggregation of information. The other amendments in this Update are intended to improve the effectiveness and comparability of disclosures. The Update is effective for the Company for the annual reporting period beginning January 1, 2025 and for interim periods beginning January 1, 2026. While the Company is still in the process of evaluating the effects of ASU 2023-07 and its related updates on the consolidated financial statements, at the time of adoption, it believes the primary effect will be updated note disclosures.

Inventory

Inventory	9 Months Ended
	Sep. 30, 2024
Inventory Disclosure [Abstract]
Inventory	Inventory Inventory consisted of the following: September 30, 2024 December 31, 2023 Raw material $ 574 $ 467 Work in progress 7,754 9,391 Finished goods 9,216 8,244 Spare parts 10,295 8,721 Total inventory $ 27,839 $ 26,823

Property, Plant and Equipment,

Property, Plant and Equipment, net	9 Months Ended
	Sep. 30, 2024
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment, net	Property, Plant and Equipment, net Net property, plant and equipment consisted of: September 30, 2024 December 31, 2023 Machinery, equipment and tooling $ 41,832 $ 40,632 SmartSystems 32,299 30,651 Vehicles 3,800 4,082 Furniture and fixtures 1,368 1,466 Plant and building 218,055 213,756 Real estate properties 6,980 7,209 Railroad and sidings 35,728 35,491 Land and land improvements 40,704 40,519 Asset retirement obligations 22,910 22,910 Mineral properties 7,442 7,442 Deferred mining costs 3,838 3,802 Construction in progress 4,612 6,270 419,568 414,230 Less: accumulated depreciation and depletion 177,679 159,138 Total property, plant and equipment, net $ 241,889 $ 255,092 Depreciation expense was $6,946 and $6,776 for the three months ended September 30, 2024 and 2023, respectively, and $20,924 and $19,661 for the nine months ended September 30, 2024 and 2023, respectively. During the three months ended September 30, 2024, the Company relocated its manufacturing facility from Saskatoon, Canada to Oakdale, Wisconsin in the United States and recorded a net loss of $1,063 on the disposal of fixed assets related to this relocation.

Accrued and Other Expenses

Accrued and Other Expenses	9 Months Ended
	Sep. 30, 2024
Payables and Accruals [Abstract]
Accrued and Other Expenses	Accrued and Other Expenses Accrued and other expenses were comprised of the following: September 30, 2024 December 31, 2023 Employee related expenses $ 1,988 $ 1,767 Accrued equipment expense 201 524 Accrued professional fees 641 461 Accrued royalties 2,652 3,149 Accrued freight and delivery charges 1,872 2,066 Accrued real estate tax 2,061 1,044 Accrued utilities 1,225 604 Sales tax liability 366 486 Income tax payable 817 865 Other accrued liabilities 604 58 Total accrued liabilities $ 12,427 $ 11,024

Debt

Debt	9 Months Ended
	Sep. 30, 2024
Debt Disclosure [Abstract]
Debt	Debt The current portion of long-term debt consists of the following: September 30, 2024 December 31, 2023 Former ABL Credit Facility $ — $ 8,000 VFI Equipment Financing 2,432 — Oakdale Equipment Financing — 6,462 Notes payable 1,034 1,011 Finance leases 198 238 Current portion of long-term debt $ 3,664 $ 15,711 Long-term debt, net of current portion consists of the following: September 30, 2024 December 31, 2023 FCB ABL Credit Facility $ — $ — VFI Equipment Financing 6,793 — Oakdale Equipment Financing — 1,388 Notes payable 2,723 1,519 Finance leases 390 542 Long-term debt $ 9,906 $ 3,449 The follow summarizes the maturity of our debt: FCB ABL Credit Facility VFI Equipment Financing Notes Payable Finance Leases Total Remainder of 2024 $ — $ 735 $ 266 $ 59 $ 1,060 2025 — 2,940 1,217 272 4,429 2026 — 2,940 1,148 262 4,350 2027 — 2,940 888 65 3,893 2028 — 1,225 538 7 1,770 2029 and thereafter — — 240 — 240 Total minimum payments — 10,780 4,297 665 15,742 Amount representing interest — (1,555) (540) (77) (2,172) Present value of payments 588 Less: current portion — (2,432) (1,034) (198) (3,664) Total long-term debt $ — $ 6,793 $ 2,723 $ 390 $ 9,906 FCB ABL Credit Facility On September 3, 2024, the Company entered into a $30,000 five-year senior secured asset-based credit facility with First-Citizens Bank & Trust Company. The FCB ABL Credit Facility provides for non-amortizing revolving loans in an aggregate principal amount of up to $30,000, subject to a borrowing base comprised of eligible inventory and accounts receivable. Additionally, obligations under the FCB ABL Credit Facility are guaranteed by certain of our wholly-owned domestic subsidiaries and secured by a first-priority security interest in certain non-real estate assets. Borrowings under the FCB ABL Credit Facility bear interest at a rate equal to the secured overnight financing rate (“SOFR”) plus a margin of 2.75%. The ABL Credit Facility contains a number of covenants that, among other things, restrict our ability to incur liens or other indebtedness, make certain restricted payments, merge or consolidate and dispose of assets. In addition, the FCB ABL Credit Facility requires us in certain limited circumstances to maintain a minimum fixed charge coverage ratio of 1.1 to 1.0. The FCB ABL Credit Facility also contains certain affirmative covenants and events of default customary for facilities of this type. The Company was compliant with all requirements of this facility. The available borrowing amount under the FCB ABL Credit Facility as of September 30, 2024 was $30,000 and is based on the Company’s eligible accounts receivable and inventory. The Company had no borrowings outstanding and $30,000 available to be drawn under this facility as of September 30, 2024. The combined weighted average interest rate for all variable debt for the nine months ended September 30, 2024 was 8.04%. Former ABL Credit Facility On December 13, 2019, the Company entered into a $20,000 five-year senior secured asset-based credit facility with Jefferies Finance LLC. This facility was terminated on September 3, 2024. VFI Equipment Financing On June 28, 2024, the Company entered into an equipment financing arrangement with VFI with a principal amount of $10,000. The VFI Equipment Financing is legally comprised of a Master Lease Agreement and one lease schedule. The VFI Equipment Financing is considered a lease under article 2A of the Uniform Commercial Code but is considered a financing arrangement for accounting and financial reporting purposes, and not a lease. The collateral under the VFI Equipment Financing includes the majority of the Company’s SmartSystems equipment. The VFI Equipment Financing bears interest at a fixed rate of 8.56%. The Company used the net proceeds to repay in full and terminate the Oakdale Equipment Financing, and the remainder was added to working capital. The VFI Equipment Financing matures on May 8, 2028. The Company has the right to reacquire the underlying equipment on the lease schedule upon maturity for one dollar. Oakdale Equipment Financing On December 13, 2019, the Company received net proceeds of $23,000 in an equipment financing arrangement with Nexseer. Substantially all of the Company’s mining and processing equipment at its Oakdale facility were pledged as collateral under the Oakdale Equipment Financing. The Oakdale Equipment Financing bore interest at a fixed rate of 5.79%. This facility was paid in full and terminated on June 28, 2024. Notes Payable The Company has entered into various financing arrangements, primarily to finance heavy equipment. As of September 30, 2024, these notes payable bear interest at rates between 3.99% and 8.49%.

Leases

Leases	9 Months Ended
	Sep. 30, 2024
Leases [Abstract]
Leases	Leases Lessee The operating and financing components of the Company’s right-of-use assets and lease liabilities on the consolidated balance sheets were as follows: Balance Sheet Location September 30, 2024 December 31, 2023 Right-of-use assets Operating Operating right-of-use assets $ 22,742 $ 23,265 Financing Property, plant and equipment, net 582 908 Total right-of use assets $ 23,324 $ 24,173 Lease liabilities Operating Operating lease liabilities, current and long-term portions $ 23,461 $ 24,592 Financing Long-term debt, current and long-term portions 588 780 Total lease liabilities $ 24,049 $ 25,372 Operating lease costs are recorded as a single expense on the statement of operations and allocated to the right-of-use assets and the related lease liabilities as depreciation expense and interest expense, respectively. Lease cost recognized in the consolidated statement of operations for the three and nine months ended September 30, 2024 and 2023 was as follows: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Finance lease cost Amortization of right-of-use assets $ 58 $ 89 $ 173 $ 232 Interest on lease liabilities 14 21 48 55 Operating lease cost 3,452 3,692 10,232 10,305 Short-term lease cost 4 9 22 27 Total lease cost $ 3,528 $ 3,811 $ 10,475 $ 10,619 Other information related to the Company’s leasing activity for the nine months ended September 30, 2024 and 2023 is as follows: Nine Months Ended September 30, 2024 2023 Cash paid for amounts included in the measurement of lease liabilities Operating cash flows used for finance leases $ 49 $ 55 Operating cash flows used for operating leases $ 10,823 $ 11,112 Financing cash flows used for finance leases $ 167 $ 323 Right-of-use assets obtained in exchange for new operating lease liabilities $ 9,033 $ 7,805 Weighted average remaining lease term - finance leases 2.6 years 3.4 years Weighted average discount rate - finance leases 9.56 % 9.63 % Weighted average remaining lease term - operating leases 2.8 years 2.7 years Weighted average discount rate - operating leases 7.10 % 6.32 % Maturities of the Company’s lease liabilities as of September 30, 2024 are as follows: Operating Leases Finance Leases Total Remainder of 2024 $ 2,583 $ 59 $ 2,642 2025 10,639 272 10,911 2026 6,665 262 6,927 2027 3,842 65 3,907 2028 1,750 7 1,757 Thereafter 472 — 472 Total cash lease payments 25,951 665 26,616 Less: amounts representing interest (2,490) (77) (2,567) Total lease liabilities $ 23,461 $ 588 $ 24,049
Leases	Leases Lessee The operating and financing components of the Company’s right-of-use assets and lease liabilities on the consolidated balance sheets were as follows: Balance Sheet Location September 30, 2024 December 31, 2023 Right-of-use assets Operating Operating right-of-use assets $ 22,742 $ 23,265 Financing Property, plant and equipment, net 582 908 Total right-of use assets $ 23,324 $ 24,173 Lease liabilities Operating Operating lease liabilities, current and long-term portions $ 23,461 $ 24,592 Financing Long-term debt, current and long-term portions 588 780 Total lease liabilities $ 24,049 $ 25,372 Operating lease costs are recorded as a single expense on the statement of operations and allocated to the right-of-use assets and the related lease liabilities as depreciation expense and interest expense, respectively. Lease cost recognized in the consolidated statement of operations for the three and nine months ended September 30, 2024 and 2023 was as follows: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Finance lease cost Amortization of right-of-use assets $ 58 $ 89 $ 173 $ 232 Interest on lease liabilities 14 21 48 55 Operating lease cost 3,452 3,692 10,232 10,305 Short-term lease cost 4 9 22 27 Total lease cost $ 3,528 $ 3,811 $ 10,475 $ 10,619 Other information related to the Company’s leasing activity for the nine months ended September 30, 2024 and 2023 is as follows: Nine Months Ended September 30, 2024 2023 Cash paid for amounts included in the measurement of lease liabilities Operating cash flows used for finance leases $ 49 $ 55 Operating cash flows used for operating leases $ 10,823 $ 11,112 Financing cash flows used for finance leases $ 167 $ 323 Right-of-use assets obtained in exchange for new operating lease liabilities $ 9,033 $ 7,805 Weighted average remaining lease term - finance leases 2.6 years 3.4 years Weighted average discount rate - finance leases 9.56 % 9.63 % Weighted average remaining lease term - operating leases 2.8 years 2.7 years Weighted average discount rate - operating leases 7.10 % 6.32 % Maturities of the Company’s lease liabilities as of September 30, 2024 are as follows: Operating Leases Finance Leases Total Remainder of 2024 $ 2,583 $ 59 $ 2,642 2025 10,639 272 10,911 2026 6,665 262 6,927 2027 3,842 65 3,907 2028 1,750 7 1,757 Thereafter 472 — 472 Total cash lease payments 25,951 665 26,616 Less: amounts representing interest (2,490) (77) (2,567) Total lease liabilities $ 23,461 $ 588 $ 24,049

Asset Retirement Obligation

Asset Retirement Obligation	9 Months Ended
	Sep. 30, 2024
Asset Retirement Obligation Disclosure [Abstract]
Asset Retirement Obligation	Asset Retirement Obligations The Company had a post-closure reclamation and site restoration obligation of $20,670 as of September 30, 2024. The following is a reconciliation of the total reclamation liability for asset retirement obligations. Balance at December 31, 2023 $ 19,923 Accretion expense 747 Balance at September 30, 2024 $ 20,670

Revenue

Revenue	9 Months Ended
	Sep. 30, 2024
Revenue from Contract with Customer [Abstract]
Revenue	Revenue Disaggregation of Revenue The following table presents the Company’s revenues disaggregated by type and percentage of total revenues for the periods indicated. Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Revenue Percentage of Total Revenue Revenue Percentage of Total Revenue Revenue Percentage of Total Revenue Revenue Percentage of Total Revenue Sand revenue $ 62,232 99 % $ 74,869 97 % $ 212,971 97 % $ 227,332 97 % SmartSystems revenue 926 1 % 2,031 3 % 7,038 3 % 6,694 3 % Total revenue $ 63,158 100 % $ 76,900 100 % $ 220,009 100 % $ 234,026 100 % The Company recorded $1,154 of deferred revenue on the consolidated balance

Earnings Per Share (Notes)

Earnings Per Share (Notes)	9 Months Ended
	Sep. 30, 2024
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share Basic net income (loss) per share of common stock is computed by dividing net income attributable to common stockholders by the weighted-average number of shares of common stock outstanding during the period, excluding the dilutive effects of restricted stock. Diluted net income (loss) per share of common stock is computed by dividing the net income attributable to common stockholders by the sum of the weighted-average number of shares of common stock outstanding during the period plus the potential dilutive effects of shares of restricted stock outstanding during the period calculated in accordance with the treasury stock method, although shares of restricted stock are excluded if their effect is anti-dilutive. The number of shares underlying equity-based awards that were excluded from the calculation of diluted earnings per share as their effect would be anti-dilutive was 1,158 and 1,915 for the three months ended September 30, 2024 and 2023, respectively. The number of shares underlying equity-based awards that were excluded from the calculation of diluted earnings per share as their effect would be anti-dilutive was 1,158 and 1,922 for the nine months ended September 30, 2024 and 2023, respectively. In periods with a net loss, there is no difference between basic and diluted net loss per share of common stock. The following table reconciles the weighted-average common shares outstanding used in the calculation of basic net (loss) income per share to the weighted average common shares outstanding used in the calculation of diluted net income per share. Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Weighted average common shares outstanding 38,926 38,253 38,735 39,153 Assumed conversion of restricted stock — 159 — 86 Diluted weighted average common stock outstanding 38,926 38,412 38,735 39,239

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2024
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Company calculates its interim income tax provision by estimating the annual expected effective tax rate and applying that rate to its ordinary year-to-date earnings or loss. In addition, the effect of changes in enacted tax laws, rates or tax status is recognized in the interim period in which the change occurs. For the three months ended September 30, 2024 and 2023, the effective tax rate was approximately 98.1% and (38.8)%, respectively, based on the annual effective tax rate net of discrete federal and state taxes. For the nine months ended September 30, 2024 and 2023, the effective tax rate was approximately 74.7% and (60.8)%, respectively, based on the annual effective tax rate net of discrete federal and state taxes. For the three and nine months ended September 30, 2024 and 2023, the statutory tax rate was 21.0%. The computation of the effective tax rate includes modifications from the statutory rate such as income tax credits, tax depletion deduction, carrybacks, and state apportionment changes, among other items. The Company has recorded a liability for uncertain tax positions included in its consolidated balance sheet of $2,240 as of December 31, 2023. There was no material change for the nine months ended September 30, 2024. The Company determined that it is more likely than not that it will not be able to fully realize the benefits of certain existing deductible temporary differences and has recorded a partial valuation allowance against the gross deferred tax assets, which is included in the long-term deferred tax liabilities, net on its consolidated balance sheets. At December 31, 2023, the Company recorded a partial valuation allowance against the gross deferred tax assets on its consolidated balance sheet in the amount of $874. There was no material change for the three and nine months ended September 30, 2024. The Company’s federal income tax returns subsequent to 2017 remain open to audit by taxing authorities. The Company has not been informed that its tax returns are the subject of any audit or investigation by taxing authorities.

Concentrations

Concentrations	9 Months Ended
	Sep. 30, 2024
Risks and Uncertainties [Abstract]
Concentrations	Concentrations As of September 30, 2024, four customers accounted for 71% of the Company’s total accounts receivable. As of December 31, 2023, four customers accounted for 70% of the Company’s total accounts receivable. During the three months ended September 30, 2024, 67% of the Company’s revenues were earned from four customers. During the three months ended September 30, 2023, 40% of the Company’s revenues were earned from two customers. During the nine months ended September 30, 2024, 54% of the Company’s revenues were earned from three customers. During the nine months ended September 30, 2023, 41% of the Company’s revenues were earned from two customers. As of September 30, 2024, two vendors accounted for 26% of the Company’s accounts payable. As of December 31, 2023, one vendor accounted for 11% of the Company’s accounts payable. During the three months ended September 30, 2024, two vendors accounted for 33% of the Company’s cost of goods sold. During the three months ended September 30, 2023, one vendor accounted for 21% of the Company’s cost of goods sold. During the nine months ended September 30, 2024, two vendors accounted for 36% of the Company’s cost of goods sold. During the nine months ended September 30, 2023, two vendors accounted for 33% of the Company’s cost of goods sold. The Company’s primary product is Northern White sand, and its mining operations are limited to Wisconsin and Illinois. There is a risk of loss if there are significant environmental, legal or economic changes to the geographic areas of our mines, the oil and natural gas producing basins they serve, or the transportation routes between them.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Litigation In addition to the matters described below, the Company may be subject to various legal proceedings, claims and governmental inspections, audits or investigations arising out of our operations in the normal course of business, which cover matters such as general commercial, governmental and trade regulations, product liability, environmental, intellectual property, employment and other actions. Although the outcomes of these routine claims cannot be predicted with certainty, in the opinion of management, the ultimate resolution of these matters will not have a material adverse effect on our financial statements. Cory Berg, et al. v. Hi-Crush Blair LLC, LLC et al., Case No. 2019-cv-65, Trempealeau County, Wisconsin Leland Drangstveit, et al. v. Hi-Crush Blair, LLC, et al., Case No. 2019-cv-66, Trempealeau County, Wisconsin On April 22, 2019 and September 29, 2021, Cory Berg, et al. and Leland Drangstveit, et al., respectively (collectively, the “Plaintiffs”), filed complaints and an amended complaint in separate actions against Blair, certain of its subcontractors and its and their respective insurance companies in the Circuit Court of the State of Wisconsin in and for Trempealeau County (Case Nos. 19-CV-65 and 19-CV-66, respectively). The Plaintiffs allege that Blair and its subcontractors were negligent and created a nuisance by, among other things, generating excessive noise, light and dust. The Plaintiffs are seeking unspecified monetary damages and other relief. The insurance companies included as defendants have asserted counterclaims seeking declarations as to their rights and liabilities under their respective applicable commercial general liability insurance policies. HCR has agreed under the Purchase Agreement to indemnify the Company for any actions or omissions of HCR or its affiliates (including Blair) that occurred prior to the closing of the Company’s acquisition of Blair. In late August, several of the defendants, including Blair, agreed to settlement terms with the Plaintiffs, and the parties expect to finalize settlement paperwork in the fourth quarter, which will result in a dismissal with prejudice of all claims against Blair. Bonds The Company has performance bonds with various public and private entities regarding reclamation, permitting and maintenance of public roadways. Total aggregate principal amount of performance bonds outstanding as of September 30, 2024 was $19,727.

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2024
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events On October 3, 2024, the Board of Directors of the Company declared a special dividend of $0.10 per share of common stock, which was paid on October 28, 2024 to stockholders of record at the close of business on October 15, 2024. On October 3, 2024, the Board of Directors of the Company also approved an eighteen month share repurchase program under which the Company may purchase up to $10.0 million of its ordinary shares (the “Repurchase Program”). Pursuant to the Repurchase Program, the Company may repurchase its ordinary shares from time to time, in amounts, at prices and at such times as it deems appropriate, subject to market conditions and other considerations. The Company may make repurchases in the open market, privately negotiated transactions, accelerated repurchase programs or structured share repurchase programs. The Repurchase Program will be conducted in compliance with applicable legal requirements and shall be subject to market conditions and other factors. The Repurchase Program does not obligate the Company to acquire any particular amount of ordinary shares and the Repurchase Program may be modified or suspended at any time at the Company’s discretion.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2024
Accounting Policies [Abstract]
Revision of Previously Issued Financial Statements	Revision of Previously Issued Financial Statements
Basis of Presentation and Consolidation	Basis of Presentation and Consolidation The accompanying unaudited quarterly condensed consolidated financial statements (“interim statements”) of the Company are presented in accordance with the rules and regulations of the SEC for quarterly reports on Form 10-Q and therefore do not include all the information and notes required by GAAP. In the opinion of management, all adjustments and disclosures necessary for a fair presentation of these interim statements have been included. All adjustments are of a normal recurring nature. The results reported in these interim statements are not necessarily indicative of the results that may be reported for the entire year. The consolidated balance sheet as of December 31, 2023 was derived from the audited consolidated financial statements as of and for the year ended December 31, 2023. These interim statements should be read in conjunction with the Company’s consolidated financial statements for the year ended December 31, 2023.
Use of Estimates	Use of Estimates The preparation of interim statements 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: impairment considerations of assets, including intangible assets, fixed assets, and inventory; estimated cost of future asset retirement obligations; fair value of acquired assets and assume liabilities; recoverability of deferred tax assets; inventory reserve; the collectability of receivables; and certain liabilities.
Employee Retention Credit	Employee Retention Credit The Company qualified for federal government assistance through employee retention credit provisions of the Consolidated Appropriations Act of 2021. As of September 30, 2024 and December 31, 2023, the Company included $522 in prepaid expenses and other current assets on its consolidated balance sheets related to receivables for the employee retention credits. The calculation of the credit was based on employees continued employment and represents a portion of the wages paid to them. For income tax purposes, the credit will result in decreased expense related to the wages it offsets in the period received.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In November 2023, the FASB issued ASU 2023-07, Segment Reporting, which updates various reportable disclosure requirements, primarily through incremental disclosures of segment expenses in both annual and interim reporting. The Update is effective for the Company as of the annual reporting period beginning January 1, 2024 and interim periods beginning January 1, 2025. While the Company is still in the process of evaluating the effects of ASU 2023-07 and its related updates on the consolidated financial statements, at the time of adoption, it believes the primary effect will be updated note disclosures. In December 2023, the FASB issued ASU 2023-09, Income Taxes, which updates various disclosures including enhancing the income tax rate reconciliation and income taxes paid disclosures by requiring greater disaggregation of information. The other amendments in this Update are intended to improve the effectiveness and comparability of disclosures. The Update is effective for the Company for the annual reporting period beginning January 1, 2025 and for interim periods beginning January 1, 2026. While the Company is still in the process of evaluating the effects of ASU 2023-07 and its related updates on the consolidated financial statements, at the time of adoption, it believes the primary effect will be updated note disclosures.

Inventory (Tables)

Inventory (Tables)	9 Months Ended
	Sep. 30, 2024
Inventory Disclosure [Abstract]
Schedule of Inventories	Inventory consisted of the following: September 30, 2024 December 31, 2023 Raw material $ 574 $ 467 Work in progress 7,754 9,391 Finished goods 9,216 8,244 Spare parts 10,295 8,721 Total inventory $ 27,839 $ 26,823

Property, Plant and Equipment_2

Property, Plant and Equipment, net (Tables)	9 Months Ended
	Sep. 30, 2024
Property, Plant and Equipment [Abstract]
Schedule of Net Property, Plant and Equipment	Net property, plant and equipment consisted of: September 30, 2024 December 31, 2023 Machinery, equipment and tooling $ 41,832 $ 40,632 SmartSystems 32,299 30,651 Vehicles 3,800 4,082 Furniture and fixtures 1,368 1,466 Plant and building 218,055 213,756 Real estate properties 6,980 7,209 Railroad and sidings 35,728 35,491 Land and land improvements 40,704 40,519 Asset retirement obligations 22,910 22,910 Mineral properties 7,442 7,442 Deferred mining costs 3,838 3,802 Construction in progress 4,612 6,270 419,568 414,230 Less: accumulated depreciation and depletion 177,679 159,138 Total property, plant and equipment, net $ 241,889 $ 255,092

Accrued and Other Expenses (Tab

Accrued and Other Expenses (Tables)	9 Months Ended
	Sep. 30, 2024
Payables and Accruals [Abstract]
Schedule of Accrued and Other Expenses	Accrued and other expenses were comprised of the following: September 30, 2024 December 31, 2023 Employee related expenses $ 1,988 $ 1,767 Accrued equipment expense 201 524 Accrued professional fees 641 461 Accrued royalties 2,652 3,149 Accrued freight and delivery charges 1,872 2,066 Accrued real estate tax 2,061 1,044 Accrued utilities 1,225 604 Sales tax liability 366 486 Income tax payable 817 865 Other accrued liabilities 604 58 Total accrued liabilities $ 12,427 $ 11,024

Debt (Tables)

Debt (Tables)	9 Months Ended
	Sep. 30, 2024
Debt Disclosure [Abstract]
Schedule of Long-term Debt	The current portion of long-term debt consists of the following: September 30, 2024 December 31, 2023 Former ABL Credit Facility $ — $ 8,000 VFI Equipment Financing 2,432 — Oakdale Equipment Financing — 6,462 Notes payable 1,034 1,011 Finance leases 198 238 Current portion of long-term debt $ 3,664 $ 15,711 Long-term debt, net of current portion consists of the following: September 30, 2024 December 31, 2023 FCB ABL Credit Facility $ — $ — VFI Equipment Financing 6,793 — Oakdale Equipment Financing — 1,388 Notes payable 2,723 1,519 Finance leases 390 542 Long-term debt $ 9,906 $ 3,449
Schedule of Maturities of Long-term Debt	The follow summarizes the maturity of our debt: FCB ABL Credit Facility VFI Equipment Financing Notes Payable Finance Leases Total Remainder of 2024 $ — $ 735 $ 266 $ 59 $ 1,060 2025 — 2,940 1,217 272 4,429 2026 — 2,940 1,148 262 4,350 2027 — 2,940 888 65 3,893 2028 — 1,225 538 7 1,770 2029 and thereafter — — 240 — 240 Total minimum payments — 10,780 4,297 665 15,742 Amount representing interest — (1,555) (540) (77) (2,172) Present value of payments 588 Less: current portion — (2,432) (1,034) (198) (3,664) Total long-term debt $ — $ 6,793 $ 2,723 $ 390 $ 9,906

Leases (Tables)

Leases (Tables)	9 Months Ended
	Sep. 30, 2024
Leases [Abstract]
Assets And Liabilities, Lessee	The operating and financing components of the Company’s right-of-use assets and lease liabilities on the consolidated balance sheets were as follows: Balance Sheet Location September 30, 2024 December 31, 2023 Right-of-use assets Operating Operating right-of-use assets $ 22,742 $ 23,265 Financing Property, plant and equipment, net 582 908 Total right-of use assets $ 23,324 $ 24,173 Lease liabilities Operating Operating lease liabilities, current and long-term portions $ 23,461 $ 24,592 Financing Long-term debt, current and long-term portions 588 780 Total lease liabilities $ 24,049 $ 25,372
Lease, Cost	Lease cost recognized in the consolidated statement of operations for the three and nine months ended September 30, 2024 and 2023 was as follows: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Finance lease cost Amortization of right-of-use assets $ 58 $ 89 $ 173 $ 232 Interest on lease liabilities 14 21 48 55 Operating lease cost 3,452 3,692 10,232 10,305 Short-term lease cost 4 9 22 27 Total lease cost $ 3,528 $ 3,811 $ 10,475 $ 10,619 Other information related to the Company’s leasing activity for the nine months ended September 30, 2024 and 2023 is as follows: Nine Months Ended September 30, 2024 2023 Cash paid for amounts included in the measurement of lease liabilities Operating cash flows used for finance leases $ 49 $ 55 Operating cash flows used for operating leases $ 10,823 $ 11,112 Financing cash flows used for finance leases $ 167 $ 323 Right-of-use assets obtained in exchange for new operating lease liabilities $ 9,033 $ 7,805 Weighted average remaining lease term - finance leases 2.6 years 3.4 years Weighted average discount rate - finance leases 9.56 % 9.63 % Weighted average remaining lease term - operating leases 2.8 years 2.7 years Weighted average discount rate - operating leases 7.10 % 6.32 %
Finance Lease, Liability, Maturity	Maturities of the Company’s lease liabilities as of September 30, 2024 are as follows: Operating Leases Finance Leases Total Remainder of 2024 $ 2,583 $ 59 $ 2,642 2025 10,639 272 10,911 2026 6,665 262 6,927 2027 3,842 65 3,907 2028 1,750 7 1,757 Thereafter 472 — 472 Total cash lease payments 25,951 665 26,616 Less: amounts representing interest (2,490) (77) (2,567) Total lease liabilities $ 23,461 $ 588 $ 24,049
Lessee, Operating Lease, Liability, Maturity	Maturities of the Company’s lease liabilities as of September 30, 2024 are as follows: Operating Leases Finance Leases Total Remainder of 2024 $ 2,583 $ 59 $ 2,642 2025 10,639 272 10,911 2026 6,665 262 6,927 2027 3,842 65 3,907 2028 1,750 7 1,757 Thereafter 472 — 472 Total cash lease payments 25,951 665 26,616 Less: amounts representing interest (2,490) (77) (2,567) Total lease liabilities $ 23,461 $ 588 $ 24,049

Asset Retirement Obligation (Ta

Asset Retirement Obligation (Tables)	9 Months Ended
	Sep. 30, 2024
Asset Retirement Obligation Disclosure [Abstract]
Reconciliation of Total Reclamation Liability for Asset Retirement Obligations	The following is a reconciliation of the total reclamation liability for asset retirement obligations. Balance at December 31, 2023 $ 19,923 Accretion expense 747 Balance at September 30, 2024 $ 20,670

Revenue (Tables)

Revenue (Tables)	9 Months Ended
	Sep. 30, 2024
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	Disaggregation of Revenue The following table presents the Company’s revenues disaggregated by type and percentage of total revenues for the periods indicated. Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Revenue Percentage of Total Revenue Revenue Percentage of Total Revenue Revenue Percentage of Total Revenue Revenue Percentage of Total Revenue Sand revenue $ 62,232 99 % $ 74,869 97 % $ 212,971 97 % $ 227,332 97 % SmartSystems revenue 926 1 % 2,031 3 % 7,038 3 % 6,694 3 % Total revenue $ 63,158 100 % $ 76,900 100 % $ 220,009 100 % $ 234,026 100 %

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2024
Earnings Per Share [Abstract]
Schedule of Earnings Per Share	The following table reconciles the weighted-average common shares outstanding used in the calculation of basic net (loss) income per share to the weighted average common shares outstanding used in the calculation of diluted net income per share. Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Weighted average common shares outstanding 38,926 38,253 38,735 39,153 Assumed conversion of restricted stock — 159 — 86 Diluted weighted average common stock outstanding 38,926 38,412 38,735 39,239

Organization and Nature of Bu_2

Organization and Nature of Business (Detail) T in Millions	Sep. 30, 2024 T	Mar. 04, 2022 T	Sep. 30, 2020 mine
Business Acquisition [Line Items]
Processing capacity	5.5
Number Of Mines And Related Facilities Acquired | mine			2
Blair
Business Acquisition [Line Items]
Asset Acquisition, Annual Processing Capacity Once Operational		2.9
Utica
Business Acquisition [Line Items]
Processing capacity	1.6

Summary of Significant Accoun_3

Summary of Significant Accounting Policies - Additional Information (Detail) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Accounting Policies [Line Items]
Prepaid expenses and other current assets	$ 2,786	$ 3,217
Employee Retention Credit
Accounting Policies [Line Items]
Prepaid expenses and other current assets	$ 522	$ 522

Inventory - Schedule of Invento

Inventory - Schedule of Inventories (Detail) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Inventory [Line Items]
Inventory, Net, Total	$ 27,839	$ 26,823
Sand
Inventory [Line Items]
Raw material	574	467
Work in progress	7,754	9,391
Finished goods	9,216	8,244
Spare parts	10,295	8,721
Inventory, Net, Total	$ 27,839	$ 26,823

Property, Plant and Equipment_3

Property, Plant and Equipment, Net - Schedule of Net Property, Plant and Equipment (Detail) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 419,568	$ 414,230
Less: accumulated depreciation and depletion	177,679	159,138
Total property, plant and equipment, net	241,889	255,092
Machinery, equipment and tooling
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	41,832	40,632
SmartSystems
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	32,299	30,651
Vehicles
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	3,800	4,082
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	1,368	1,466
Plant and building
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	218,055	213,756
Real estate properties
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	6,980	7,209
Railroad and sidings
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	35,728	35,491
Land and land improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	40,704	40,519
Asset retirement obligations
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	22,910	22,910
Mineral properties
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	7,442	7,442
Deferred mining costs
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	3,838	3,802
Construction in progress
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 4,612	$ 6,270

Property, Plant and Equipment_4

Property, Plant and Equipment, Net - Narrative (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Property, Plant and Equipment [Abstract]
Depreciation expenses	$ 6,946	$ 6,776	$ 20,924	$ 19,661
Loss (gain) on disposal of fixed assets, net	$ 1,063	$ (92)	$ 1,069	$ 1,821

Accrued and Other Expenses (Det

Accrued and Other Expenses (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Payables and Accruals [Abstract]
Employee related expenses	$ 1,988	$ 1,767
Accrued equipment expense	201	524
Accrued professional fees	641	461
Accrued royalties	2,652	3,149
Accrued freight and delivery charges	1,872	2,066
Accrued real estate tax	2,061	1,044
Accrued utilities	1,225	604
Sales tax liability	366	486
Accrued Income Taxes, Current	817	865
Other accrued liabilities	604	58
Total accrued liabilities	$ 12,427	$ 11,024

Debt - Schedule of Current Matu

Debt - Schedule of Current Maturities (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Current portion of long-term debt	$ 3,664	$ 15,711
FCB ABL Credit Facility
Debt Instrument [Line Items]
Current portion of long-term debt	0	8,000
VFI Equipment Financing
Debt Instrument [Line Items]
Current portion of long-term debt	2,432	0
Oakdale Equipment Financing
Debt Instrument [Line Items]
Current portion of long-term debt	0	6,462
Notes payable
Debt Instrument [Line Items]
Current portion of long-term debt	1,034	1,011
Finance leases
Debt Instrument [Line Items]
Current portion of long-term debt	$ 198	$ 238

Debt - Schedule of Long Term Ma

Debt - Schedule of Long Term Maturities (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Long-term debt	$ 9,906	$ 3,449
FCB ABL Credit Facility
Debt Instrument [Line Items]
Long-term debt	0	0
VFI Equipment Financing
Debt Instrument [Line Items]
Long-term debt	6,793	0
Oakdale Equipment Financing
Debt Instrument [Line Items]
Long-term debt	0	1,388
Notes payable
Debt Instrument [Line Items]
Long-term debt	2,723	1,519
Finance leases
Debt Instrument [Line Items]
Long-term debt	$ 390	$ 542

Debt (Details)

Debt (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Remainder of 2024	$ 1,060
2025	4,429
2026	4,350
2027	3,893
2028	1,770
2029 and thereafter	240
Total minimum payments	15,742
Amount representing interest	(2,172)
Present value of payments	588	$ 780
Less: current portion	(3,664)	(15,711)
Long-term debt	9,906	3,449
FCB ABL Credit Facility
Debt Instrument [Line Items]
Remainder of 2024	0
2025	0
2026	0
2027	0
2028	0
2029 and thereafter	0
Total minimum payments	0
Amount representing interest	0
Less: current portion	0	(8,000)
Long-term debt	0	0
FCB ABL Credit Facility | First Citizens Bank
Debt Instrument [Line Items]
Long-Term Line of Credit	0
VFI Equipment Financing
Debt Instrument [Line Items]
Remainder of 2024	735
2025	2,940
2026	2,940
2027	2,940
2028	1,225
2029 and thereafter	0
Total minimum payments	10,780
Amount representing interest	(1,555)
Less: current portion	(2,432)	0
Long-term debt	6,793	0
Notes payable
Debt Instrument [Line Items]
Remainder of 2024	266
2025	1,217
2026	1,148
2027	888
2028	538
2029 and thereafter	240
Total minimum payments	4,297
Amount representing interest	(540)
Less: current portion	(1,034)	(1,011)
Long-term debt	2,723	1,519
Finance leases
Debt Instrument [Line Items]
Remainder of 2024	59
2025	272
2026	262
2027	65
2028	7
2029 and thereafter	0
Total minimum payments	665
Amount representing interest	(77)
Present value of payments	588
Less: current portion	(198)	(238)
Long-term debt	$ 390	$ 542

Debt - Additional Information (

Debt - Additional Information (Detail) shares in Thousands, $ in Thousands				3 Months Ended	9 Months Ended
	Sep. 03, 2024 USD ($)	Feb. 28, 2023 USD ($) shares	Dec. 13, 2019 USD ($)	Mar. 31, 2023 USD ($)	Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)
Line of Credit Facility [Line Items]
Long-Term Debt, Maturity, Remainder of Fiscal Year					$ 1,060
Treasury Stock, Value, Acquired, Cost Method				$ 8,850
Payments for Repurchase of Common Stock					375	$ 4,629
Clearlake Capital Partners II (Master), L.P.
Line of Credit Facility [Line Items]
Restricted stock buy back (in shares) | shares		5,176
Treasury Stock, Value, Acquired, Cost Method		$ 8,850
Payments for Repurchase of Common Stock		$ 4,425
Repurchase Of Common Stock, Percentage Of Outstanding Shares Before Transaction		11.30%
FCB ABL Credit Facility
Line of Credit Facility [Line Items]
Long-Term Debt, Maturity, Remainder of Fiscal Year					$ 0
Weighted average interest rate					8.04%
Product Financing Arrangement | Minimum
Line of Credit Facility [Line Items]
Interest rates on notes					3.99%
Product Financing Arrangement | Maximum
Line of Credit Facility [Line Items]
Interest rates on notes					8.49%
Common Stock Repurchase, Promissory Note | Clearlake Capital Group
Line of Credit Facility [Line Items]
Interest rates on notes		10%
Nexseer Capital | Oakdale Equipment Financing
Line of Credit Facility [Line Items]
Proceeds from secured notes payable			$ 23
Interest rates on notes					5.79%
Nexseer Capital | VFI Equipment Financing
Line of Credit Facility [Line Items]
Proceeds from secured notes payable			10,000
Interest rates on notes					8.56%
ABL Revolving Credit Facility | Jeffries Finance L L C
Line of Credit Facility [Line Items]
Revolving credit facility			$ 20
Term			5 years
ABL Revolving Credit Facility | First Citizens Bank
Line of Credit Facility [Line Items]
Revolving credit facility	$ 30
Term	5 years
Debt instrument, basis spread on variable rate	2.75%
Minimum fixed charge coverage ratio	1.1
Current borrowing capacity					$ 30,000
Remaining borrowing capacity					$ 30,000

Leases - Right of Use Assets an

Leases - Right of Use Assets and Lease Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Leases [Abstract]
Operating lease right-of-use assets	$ 22,742	$ 23,265
Property, plant and equipment, net	582	908
Total right-of use assets	23,324	24,173
Operating lease liabilities, current and long-term portions	23,461	24,592
Long-term debt, current and long-term portions	588	780
Total lease liabilities	$ 24,049	$ 25,372

Leases - Lease Cost (Details)

Leases - Lease Cost (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Leases [Abstract]
Amortization of right-of-use assets	$ 58	$ 89	$ 173	$ 232
Interest on lease liabilities	14	21	48	55
Operating lease cost	3,452	3,692	10,232	10,305
Short-term lease cost	4	9	22	27
Total lease cost	$ 3,528	$ 3,811	$ 10,475	$ 10,619

Leases - Other Lease (Details)

Leases - Other Lease (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Leases [Abstract]
Operating cash flows used for finance leases	$ 49	$ 55
Operating cash flows used for operating leases	10,823	11,112
Payments under finance leases	167	323
Right-of-use assets obtained in exchange for new operating lease liabilities	$ 9,033	$ 7,805
Weighted average remaining lease term - finance leases	2 years 7 months 6 days	3 years 4 months 24 days
Weighted average discount rate - finance leases	9.56%	9.63%
Weighted average remaining lease term - operating leases	2 years 9 months 18 days	2 years 8 months 12 days
Weighted average discount rate - operating leases	7.10%	6.32%

Leases - Lease Maturities (Deta

Leases - Lease Maturities (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Operating Leases
Remainder of 2024	$ 2,583
2025	10,639
2026	6,665
2027	3,842
2028	1,750
Thereafter	472
Total cash lease payments	25,951
Less: amounts representing interest	(2,490)
Operating lease liabilities, current and long-term portions	23,461	$ 24,592
Finance Leases
Remainder of 2024	59
2025	272
2026	262
2027	65
2028	7
Thereafter	0
Total cash lease payments	665
Less: amounts representing interest	(77)
Long-term debt, current and long-term portions	588	$ 780
Total
Remainder of 2024	2,642
2025	10,911
2026	6,927
2027	3,907
2028	1,757
Thereafter	472
Total cash lease payments	26,616
Less: amounts representing interest	(2,567)
Total lease liabilities	$ 24,049

Asset Retirement Obligation - A

Asset Retirement Obligation - Additional Information (Detail) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Asset Retirement Obligation Disclosure [Abstract]
Post-closure reclamation and site restoration obligation	$ 20,670	$ 19,923

Asset Retirement Obligation - R

Asset Retirement Obligation - Reconciliation of Total Reclamation Liability for Asset Retirement Obligations (Detail) $ in Thousands	9 Months Ended
	Sep. 30, 2024 USD ($)
Asset Retirement Obligation, Roll Forward Analysis [Roll Forward]
December 31, 2023	$ 19,923
Accretion expense	747
September 30, 2024	$ 20,670

Revenue Disaggregation of Reven

Revenue Disaggregation of Revenue (Details) - Product Concentration Risk - Revenue from Contract with Customer Benchmark [Member]	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Disaggregation of Revenue [Line Items]
Concentration Risk, Percentage	100%	100%	100%	100%
Sand
Disaggregation of Revenue [Line Items]
Concentration Risk, Percentage	99%	97%	97%	97%
Logistics
Disaggregation of Revenue [Line Items]
Concentration Risk, Percentage	1%	3%	3%	3%

Revenue Deferred Revenue (Detai

Revenue Deferred Revenue (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Revenue Recognition and Deferred Revenue [Abstract]
Contract with customer, liability		$ 1,154
Revenue recognized	$ 1,154
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue expected to be recognized	106,508
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-10-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue expected to be recognized	24,191
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue expected to be recognized	$ 82,317

Revenue Performance Obligation

Revenue Performance Obligation (Details) $ in Thousands	Sep. 30, 2024 USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue expected to be recognized	$ 106,508
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-10-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue expected to be recognized	$ 24,191
Remaining performance obligation, expected timing of satisfaction, period	3 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue expected to be recognized	$ 82,317
Remaining performance obligation, expected timing of satisfaction, period	1 year

Earnings Per Share (Details)

Earnings Per Share (Details) - shares shares in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Restricted Stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive shares (in shares)	1,158	1,915	1,158	1,922

Earnings Per Share - Schedule o

Earnings Per Share - Schedule of Weighted Average Shares Outstanding (Details) - shares shares in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Earnings Per Share [Abstract]
Basic (in shares)	38,926	38,253	38,735	39,153
Assumed conversion of restricted stock (in shares)	0	159	0	86
Diluted weighted average common stock outstanding (in shares)	38,926	38,412	38,735	39,239

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended			9 Months Ended
	Sep. 30, 2024	Mar. 31, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Income Tax Disclosure [Abstract]
Statutory tax rate	98.10%		(38.80%)	74.70%	(60.80%)
Unrecognized Tax Benefits, Period Increase (Decrease)		$ 2,240
Tax Credit Carryforward, Valuation Allowance						$ 874
Statutory tax rate	21%		21%	21%	21%

Concentrations - Additional Inf

Concentrations - Additional Information (Detail)	3 Months Ended			9 Months Ended		12 Months Ended
	Sep. 30, 2024	Mar. 31, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Accounts Receivable | Customer Concentration Risk | Four Customers
Concentration Risk [Line Items]
Concentration Risk, Percentage				71%		70%
Revenue | Customer Concentration Risk | Three Customers
Concentration Risk [Line Items]
Concentration Risk, Percentage				54%
Revenue | Customer Concentration Risk | Four Customers
Concentration Risk [Line Items]
Concentration Risk, Percentage	67%
Revenue | Customer Concentration Risk | Two Customers
Concentration Risk [Line Items]
Concentration Risk, Percentage			40%		41%
Accounts Payables | Supplier Concentration Risk | Two Vendors
Concentration Risk [Line Items]
Concentration Risk, Percentage	26%
Accounts Payables | Supplier Concentration Risk | One Vendor
Concentration Risk [Line Items]
Concentration Risk, Percentage		11%
Cost of Goods Sold | Supplier Concentration Risk | Two Vendors
Concentration Risk [Line Items]
Concentration Risk, Percentage	33%			36%	33%
Cost of Goods Sold | Supplier Concentration Risk | One Vendor
Concentration Risk [Line Items]
Concentration Risk, Percentage			21%

Commitments and Contingencies L

Commitments and Contingencies Litigation (Details) $ in Thousands	Sep. 30, 2024 USD ($)
Permit Bond
Accounts, Notes, Loans and Financing Receivable [Line Items]
Guarantor obligations, current carrying value	$ 19,727

Subsequent Events (Details)

Subsequent Events (Details) - Subsequent Event $ / shares in Units, $ in Millions	Oct. 03, 2024 USD ($) $ / shares
Subsequent Event [Line Items]
Common stock declared (in dollars per share) | $ / shares	$ 0.10
Share repurchase program, period in force	18 months
Share repurchase program, shares authorized | $	$ 10