bxc-20240928

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q


☑			QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended September 28, 2024


☐			TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Commission file number: 001-32383


			BlueLinx Holdings Inc.
			(Exact name of registrant as specified in its charter)


Delaware		77-0627356
(State of Incorporation)		(I.R.S. Employer Identification No.)

1950 Spectrum Circle, Suite 300
Marietta	GA	30067
(Address of principal executive offices)		(Zip Code)

(770) 953-7000

(Registrant’s telephone number, including area code)

Not applicable

(Former name, former address and former fiscal year, if changed since last report.)

Securities registered pursuant to Section 12(b) of the Act:


Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, par value $0.01 per share	BXC	New York Stock Exchange

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☑ No ☐

Indicate by check mark whether the registrant has submitted electronically (Section 232.405 of this chapter) every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes ☑ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large Accelerated Filer

☑

Accelerated Filer

☐

Non-accelerated Filer

☐

Smaller Reporting Company

☐

Emerging Growth Company

☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☑

As of October 25, 2024, there were 8,380,695 shares of BlueLinx Holdings Inc. common stock, par value $0.01, outstanding.

BLUELINX HOLDINGS INC.

Form 10-Q

For the Quarterly Period Ended September 28, 2024

Table of Contents


			PAGE
PART I. FINANCIAL INFORMATION
Item 1. Financial Statements — BlueLinx Holdings Inc. (Unaudited)			1
Condensed Consolidated Statements of Operations and Comprehensive Income			1
Condensed Consolidated Balance Sheets			2
Condensed Consolidated Statements of Stockholders' Equity			3
Condensed Consolidated Statements of Cash Flows			5
Notes to Condensed Consolidated Financial Statements			6
Note 1 - Basis of Presentation			6

Note 2 - Inventories			7
Note 3 - Goodwill and Intangible Assets , net			8
Note 4 - Revenue Recognition			8
Note 5 - Debt and Finance Lease Obligations			9
Note 6 - Net Periodic Pension Cost (Benefit)			10
Note 7 - Share-Based Compensation			11
Note 8 - Leases			11
Note 9 - Commitments and Contingencies			14
Note 10 - Accumulated Other Comprehensive Loss			14
Note 11 - Income Taxes			15
Note 12 - Earnings Per Share and Stockholders' Equity			15
Note 13 - Fair Value Disclosures			16

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations			17
Item 3. Quantitative and Qualitative Disclosures About Market Risk			26
Item 4. Controls and Procedures			26

PART II. OTHER INFORMATION
Item 1. Legal Proceedings			27
Item 1A. Risk Factors			27
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds			27
Item 3. Defaults Upon Senior Securities			27
Item 4. Mine Safety Disclosures			27
Item 5. Other Information			27
Item 6. Exhibits			28

Signatures			29

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PART I. FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

BLUELINX HOLDINGS INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND

COMPREHENSIVE INCOME

(In thousands, except per share amounts)

(Unaudited)


	Three Months Ended				Nine Months Ended
	September 28, 2024		September 30, 2023		September 28, 2024		September 30, 2023
Net sales	$	747,288	$	809,981	$	2,241,895	$	2,423,852
Cost of products sold	621,619		670,735		1,866,101		2,015,264
Gross profit	125,669		139,246		375,794		408,588
Operating expenses (income):
Selling, general, and administrative	92,210		91,354		272,913		271,278
Depreciation and amortization	9,530		8,089		29,083		23,758
Amortization of deferred gains on real estate	(984)		(984)		(2,952)		(2,952)

Other operating expenses, net	888		1,131		1,210		5,240
Total operating expenses	101,644		99,590		300,254		297,324
Operating income	24,025		39,656		75,540		111,264
Non-operating expenses:
Interest expense, net	4,619		5,577		14,044		19,575
Settlement of defined benefit pension plan	(2,226)		—		(2,226)		—
Other expense, net	—		594		—		1,782
Income before provision for income taxes	21,632		33,485		63,722		89,907
Provision for income taxes	5,616		9,103		15,878		23,247
Net income	$	16,016	$	24,382	$	47,844	$	66,660

Basic earnings per share	$	1.88	$	2.72	$	5.54	$	7.39
Diluted earnings per share	$	1.87	$	2.71	$	5.53	$	7.38

Comprehensive income:
Net income	$	16,016	$	24,382	$	47,844	$	66,660
Other comprehensive income:
Amortization of unrecognized pension gain, net of tax	—		225		—		689
Other	—		—		—		(22)
Total other comprehensive income	—		225		—		667
Comprehensive income	$	16,016	$	24,607	$	47,844	$	67,327

See accompanying Notes.

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BLUELINX HOLDINGS INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(In thousands, except share data)

(Unaudited)


	September 28, 2024		December 30, 2023
ASSETS
Current assets:
Cash and cash equivalents	$	526,281	$	521,743
Receivables, less allowances of $3,244 and $3,398, respectively	278,049		228,410
Inventories, net	340,541		343,638
Other current assets	36,500		26,608
Total current assets	1,181,371		1,120,399
Property and equipment, at cost	423,842		396,321
Accumulated depreciation	(187,992)		(170,334)
Property and equipment, net	235,850		225,987
Operating lease right-of-use assets	45,647		37,227
Goodwill	55,372		55,372
Intangible assets, net	27,834		30,792
Deferred income tax asset, net	51,306		53,256
Other non-current assets	13,699		14,568
Total assets	$	1,611,079	$	1,537,601
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable	$	186,319	$	157,931
Accrued compensation	18,400		14,273


Finance lease liabilities - current	12,547		11,178
Operating lease liabilities - current	8,276		6,284
Real estate deferred gains - current	3,935		3,935

Other current liabilities	28,247		24,961
Total current liabilities	257,724		218,562

Long-term debt	294,733		293,743
Finance lease liabilities, less current portion	281,263		274,248
Operating lease liabilities, less current portion	38,752		32,519
Real estate deferred gains, less current portion	64,280		66,599

Other non-current liabilities	18,738		17,644
Total liabilities	955,490		903,315
Commitments and Contingencies
STOCKHOLDERS’ EQUITY:
Preferred Stock, $0.01 par value, 30,000,000 shares authorized, none outstanding	—		—
Common Stock, $0.01 par value, 20,000,000 shares authorized, 8,423,383 and 8,650,046 outstanding, respectively	84		87
Additional paid-in capital	138,522		165,060

Retained earnings	516,983		469,139
Total stockholders’ equity	655,589		634,286
Total liabilities and stockholders’ equity	$	1,611,079	$	1,537,601

See accompanying Notes.

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BLUELINX HOLDINGS INC.

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY

(In thousands)

(Unaudited)


	Common Stock			Additional Paid-In Capital		Retained Earnings		Stockholders’ Equity Total
	Shares	Amount
Balance, December 30, 2023	8,650	$	87	$	165,060	$	469,139	$	634,286
Net income	—	—		—		17,492		17,492

Vesting of restricted stock units	19	(a)		(a)		—		—
Compensation related to share-based grants	—	—		2,350		—		2,350
Repurchase of shares to satisfy employee tax withholdings	(7)	—		(907)		—		(907)


Balance, March 30, 2024	8,662	87		166,503		486,631		653,221
Net income	—	—		—		14,336		14,336

Vesting of restricted stock units	57	1		(1)		—		—
Compensation related to share-based grants	—	—		1,405		—		1,405
Repurchase of shares to satisfy employee tax withholdings	(16)	(a)		(1,545)		—		(1,545)
Common stock repurchase and retirement	(152)	(2)		(15,083)		—		(15,085)


Balance, June 29, 2024	8,551	86		151,279		500,967		652,332
Net income	—	—		—		16,016		16,016

Vesting of restricted stock units	26	(a)		(a)		—		—
Compensation related to share-based grants	—	—		3,186		—		3,186
Repurchase of shares to satisfy employee tax withholdings	(8)	(a)		(816)		—		(816)
Common stock repurchase and retirement	(146)	(2)		(15,127)		—		(15,129)

Balance, September 28, 2024	8,423	$	84	$	138,522	$	516,983	$	655,589

(a) Activity rounds to less than one thousand dollars

See accompanying Notes.

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	Common Stock			Additional Paid-In Capital		Accumulated Other Comprehensive Loss		Retained Earnings		Stockholders’ Equity Total
	Shares	Amount
Balance, December 31, 2022	9,049	$	90	$	200,748	$	(31,412)	$	420,603	$	590,029
Net income	—	—		—		—		17,812		17,812
Other comprehensive income	—	—		—		228		—		228
Vesting of restricted stock units	67	1		(1)		—		—		—
Compensation related to share-based grants	—	—		4,569		—		—		4,569
Repurchase of shares to satisfy employee tax withholdings	(8)	—		(570)		—		—		(570)
Obligation for repurchase of shares to satisfy employee tax withholdings	(19)			(1,319)		—		—		(1,319)


Balance, April 1, 2023	9,089	91		203,427		(31,184)		438,415		610,749
Net income	—	—		—		—		24,466		24,466
Other comprehensive income	—	—		—		214		—		214
Vesting of restricted stock units	95	—		(1)		—		—		(1)
Compensation related to share-based grants	—	—		1,926		—		—		1,926
Repurchase of shares to satisfy employee tax withholdings	(24)	—		(2,071)		—		—		(2,071)
Obligation for repurchase of shares to satisfy employee tax withholdings	(10)	—		(913)		—		—		(913)
Common stock repurchase and retirement	(142)	(1)		(11,598)		—		—		(11,599)

Balance, July 1, 2023	9,008	90		190,770		(30,970)		462,881		622,771
Net income	—	—		—		—		24,382		24,382
Other comprehensive income	—	—		—		225		—		225
Vesting of restricted stock units	7	—		—		—		—		—
Compensation related to share-based grants	—	—		2,980		—		—		2,980
Repurchase of shares to satisfy employee tax withholdings	(3)	—		(281)		—		—		(281)
Obligation for shares repurchases not yet settled	(10)	—		(843)		—		—		(843)
Common stock repurchase and retirement	(206)	(2)		(17,720)		—		—		(17,722)


Balance, September 30, 2023	8,796	$	88	$	174,906	$	(30,745)	$	487,263	$	631,512

See accompanying Notes.

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BLUELINX HOLDINGS INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(In thousands)

(Unaudited)


	Nine Months Ended
	September 28, 2024		September 30, 2023
Cash flows from operating activities:
Net income	$	47,844	$	66,660
Adjustments to reconcile net income to cash provided by operations:
Depreciation and amortization	29,083		23,758
Amortization of debt discount and issuance costs	990		989
Settlement of frozen defined benefit pension plan	(2,226)		—



Provision for deferred income taxes	1,950		1,117
Amortization of deferred gains from real estate	(2,952)		(2,952)
Share-based compensation	6,941		9,475
Changes in operating assets and liabilities:
Accounts receivable	(47,413)		(46,013)
Inventories	3,097		120,151
Accounts payable	27,932		49,791


Other current assets	(9,892)		2,621
Other assets and liabilities	11,080		5,127
Net cash provided by operating activities	66,434		230,724

Cash flows from investing activities:
Proceeds from sale of assets	839		191
Property and equipment investments	(19,830)		(18,938)
Net cash used in investing activities	(18,991)		(18,747)

Cash flows from financing activities:



Common stock repurchase and retirement	(29,982)		(29,321)

Repurchase of shares to satisfy employee tax withholdings	(3,257)		(5,157)
Principal payments on finance lease liabilities	(9,666)		(6,659)
Net cash used in financing activities	(42,905)		(41,137)

Net change in cash and cash equivalents	4,538		170,840
Cash and cash equivalents at beginning of period	521,743		298,943
Cash and cash equivalents at end of period	$	526,281	$	469,783

Supplemental cash flow information:

Interest paid during the period	$	29,147	$	27,948
Taxes paid during the period	$	24,224	$	17,682



Non-cash investing and financing activities:
Property and equipment acquired under finance leases	$	16,710	$	11,277
Liabilities for properties and equipment investments	$	1,013	$	—
Obligation for shares repurchases not yet settled	$	—	$	843

See accompanying Notes.

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BLUELINX HOLDINGS INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

September 28, 2024

(Unaudited)

1. Basis of Presentation

BlueLinx Holdings Inc., including consolidated subsidiaries (collectively, the “Company”), is a leading wholesale distributor of residential and commercial building products in the United States. The Company is a two-step distributor and purchases products from manufacturers and distributes those products to dealers and other suppliers in local markets, who then sell those products to end users. The Company carries a broad portfolio of both branded and private-label stock keeping units (“SKUs”) across two principal product categories: specialty products and structural products. Specialty products include items such as engineered wood, siding, moulding and millwork, outdoor living, specialty lumber and panels, and industrial products. Structural products include items such as lumber, plywood, oriented strand board, rebar, and remesh. The Company also provides a wide range of value-added services and solutions aimed at relieving distribution and logistics challenges for its customers and suppliers, while enhancing their marketing and inventory management capabilities.

The Company’s unaudited condensed consolidated financial statements and accompanying notes have been prepared using generally accepted accounting principles in the United States (“GAAP”) and the interim reporting guidance of the U.S. Securities and Exchange Commission (“SEC”). The Company is composed of a single reportable segment for financial reporting purposes. The Company’s consolidated balance sheet as of December 30, 2023 contained herein was derived from the audited consolidated balance sheet included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 30, 2023 (the “2023 Form 10-K”), as filed with the Securities and Exchange Commission (“SEC”) on February 20, 2024. In the opinion of the Company’s management, the unaudited condensed consolidated financial statements reflect all adjustments, which are of a normal recurring nature, necessary for a fair presentation of the Company’s results of operations, financial position, and cash flows for the reporting periods presented.

The Company has condensed or omitted certain notes and other information from the unaudited condensed consolidated financial statements presented in this report. Therefore, these condensed financial statements and accompanying notes should be read in conjunction with the Company’s 2023 Form 10-K. The results for the three and nine months ended September 28, 2024 are not necessarily indicative of results that may be expected for the full fiscal year ending December 28, 2024, or any other interim period.

The Company operates on a 5-4-4 fiscal calendar and its fiscal year ends on the Saturday closest to December 31st of each year and may comprise 53 weeks in certain years. Fiscal 2024 contains 52 weeks and will end on December 28, 2024. Fiscal 2023 contained 52 weeks and ended on December 30, 2023.

Use of Estimates

The preparation of financial statements in conformity with GAAP requires the Company’s management to make estimates based on assumptions about current and, for some estimates, future economic and market conditions, which affect reported amounts and related disclosures in the Company’s financial statements. Although current estimates contemplate current and expected future conditions, as applicable, it is reasonably possible that actual conditions could differ from management’s expectations, which could materially affect the Company’s results of operations and financial position.

Significant Accounting Policies

The Company has made no material changes to its significant accounting policies described in the notes to its consolidated financial statement included in its 2023 Form 10-K. The Company did not adopt any new accounting standards during the fiscal year ended December 30, 2023 or during the nine months ended September 28, 2024.

Recent Accounting Pronouncements - Not Yet Adopted

Segment Reporting Improvements. On November 27, 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2023-07, Segment Reporting—Improvements to Reportable Segment Disclosures (“ASU 2023-07”). The FASB issued the new guidance primarily to provide financial statement users with more disaggregated expense information about a public business entity’s (“PBE”) reportable segment(s). This ASU will require PBEs to provide incremental disclosures related to the entity’s reportable segment(s), including disclosures for expenses that are both 1)

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significant to each reportable segment and are provided regularly to the Chief Operating Decision Maker (“CODM”) or easily computed from information regularly provided to the CODM and 2) included in the reported measure of segment profit or loss used by the CODM to assess performance and allocate resources. If a PBE does not disclose any significant segment expenses for a reportable segment, it is required to disclose narratively the nature of the expenses used by the CODM to manage each segment’s operations. Under the provisions of this ASU, all of the disclosures required in the segment guidance, including disclosing a measure of segment profit or loss used by the CODM and reporting significant segment expenses, applies to all PBEs, including those with a single operating or reportable segment. However, this ASU does not change the definition of a segment, the method for determining segments, or the criteria for aggregating operating segments into reportable segments. ASU 2023-07 will be effective for the Company’s annual reporting period for fiscal 2024 and all interim reporting periods beginning in fiscal 2025. At adoption, the disclosures are retrospectively presented for all comparative periods presented. Since this new ASU addresses only disclosures, the Company does not expect the adoption of this ASU to have any material effects on its financial condition, results of operations or cash flows. The Company is currently evaluating any new disclosures that may be required upon adoption of ASU 2023-07.

Income Tax Disclosure Improvement. On December 14, 2023, the FASB issued ASU No. 2023-09, Improvements to Income Tax Disclosures (“ASU 2023-09”), which establishes new income tax disclosure requirements in addition to modifying and eliminating certain existing requirements. Under the new guidance, entities must consistently categorize and provide greater disaggregation of information in the rate reconciliation. They must also further disaggregate income taxes paid. The ASU’s disclosure requirements apply to all entities subject to Accounting Standards Codification (“ASC”) No. 740, Income Taxes (“ASC 740”). The overall objective of these disclosure requirements is for an entity, particularly an entity operating in multiple jurisdictions, to disclose sufficient information to enable users of financial statements to understand the nature and magnitude of factors contributing to the difference between the effective tax rate and the statutory tax rate. ASU 2023-09 will be effective for the Company for the fiscal 2025 annual reporting period. Since this new ASU addresses only disclosures, the Company does not expect the adoption of this ASU to have any material effects on its financial condition, results of operations or cash flows. The Company is currently evaluating any new disclosures that may be required upon adoption of ASU 2023-09.

2. Inventories

The Company’s inventories consist almost entirely of finished goods inventory, with a very limited amount of work-in-process inventory. The cost of all inventories is determined by the moving average cost method. The Company included all material charges directly incurred in bringing inventory to its existing condition and location, including the cost of inbound freight, volume incentives, inventory adjustments, tariffs, duties and other import fees. The Company evaluates its inventory value at the end of each quarter to ensure that inventory, when viewed by category, is carried at the lower-of-cost-and-net-realizable-value (“LCNRV”), which also considers items that may be considered damaged, excess, and obsolete inventory.

During the second quarter of fiscal 2024, the Company recorded a write-down of $2.4 million to reflect the LCNRV for certain inventory related to its structural products. The $2.4 million write-down was due to declines in wood-based commodity prices. During the third quarter of fiscal 2024, substantially all of the inventory covered by this $2.4 million LCNRV write-down was sold, thereby resulting in lower Costs of products sold by that same amount in the third quarter of fiscal 2024. This adjustment increased gross margin percentage for structural products in the third quarter of fiscal 2024 by 1.0 percent.

Substantially all of the amount reported in Cost of products sold on the Company’s consolidated statement of operations is composed of costs incurred to purchase inventory that is subsequently resold to customers, including costs related to import duties and tariffs. Import duties and tariffs are not typically passed through to customers as separately billed charges. Certain import duties are classified by the U.S. Department of Commerce (the “Commerce Department”) as “antidumping or countervailing duties,” and these duties may be subject to periodic review and adjustments by the Commerce Department through a process known as a trade remedy administrative review, which can result in both retroactive and prospective adjustments to duty rates. At the time of importation, the Company tenders antidumping duty and countervailing duty cash deposits (as use of that term has been defined by the Commerce Department) to the U.S. Customs and Border Protection (“U.S. Customs”) and accounts for duties and tariffs based on the then-current rates in effect, and records any retroactive adjustments in the period in which U.S. Customs determines final duty rates at the time entries subject to antidumping and countervailing duties liquidate (as use of that term has been defined by the Commerce Department), typically through the resolution of a trade remedy administrative review proceeding. During the three and nine months ended September 28, 2024, the Company recognized refunds of $3.8 million and $20.7 million, respectively, plus interest of $0.7 million and $2.7 million, respectively, related to retroactive adjustments associated with certain antidumping duties for imported wood moulding and millwork products. The antidumping duty cash deposits were originally paid and accounted for by the Company in prior reporting periods at the then-current rates. Impacted inventories have since been sold. These adjustment amounts are reflected in Cost of products sold and Interest expense, net, respectively, on the Company’s unaudited condensed consolidated statements of operations for

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the three and nine months ended September 28, 2024. See Note 9, Commitments and Contingencies, for disclosure concerning another matter related to import duties.

3. Goodwill and Intangible Assets, net

During the fiscal quarter and year-to-date period ended September 28, 2024, the only change to the carrying values of Goodwill and Intangible assets, net, was the amortization of Intangible assets, all of which have definite lives. Amortization expense for intangible assets was $1.0 million and $3.0 million for the three and nine month periods ended September 28, 2024, respectively. For the three and nine month periods ended September 30, 2023, amortization expense was $1.0 million and $3.2 million, respectively.

4. Revenue Recognition

The following table presents the Company’s revenues disaggregated by revenue source. Sales and usage-based taxes are excluded from revenues.


	Three Months Ended				Nine Months Ended
Product type	September 28, 2024		September 30, 2023		September 28, 2024		September 30, 2023
	(In thousands)
Specialty products	$	519,000	$	558,851	$	1,562,300	$	1,697,679
Structural products	228,288		251,130		679,595		726,173
Total net sales	$	747,288	$	809,981	$	2,241,895	$	2,423,852

The following table presents the Company’s revenues disaggregated by sales channel. Sales and usage-based taxes are excluded from revenues.


	Three Months Ended				Nine Months Ended
Sales channel	September 28, 2024		September 30, 2023		September 28, 2024		September 30, 2023
	(In thousands)
Warehouse and reload	$	622,981	$	683,072	$	1,843,942	$	2,065,212
Direct	140,505		143,026		445,606		405,335
Customer discounts and rebates	(16,198)		(16,117)		(47,653)		(46,695)
Total net sales	$	747,288	$	809,981	$	2,241,895	$	2,423,852

Warehouse sales are delivered from Company warehouses. Reload sales are similar to warehouse sales but are shipped from warehouses, most of which are operated by third parties, where the Company stores owned products to enhance operating efficiencies. The reload channel is employed primarily to service strategic customers that would be less economical to service from Company warehouses, and to distribute large volumes of imported products from port facilities. Direct sales are shipped from the manufacturer to the customer without the Company taking physical possession of the inventory and, as a result, typically generate lower margins than warehouse and reload distribution channels but require lower amount of committed capital and fixed costs.

Performance obligations in contracts with customers generally consist solely of delivery of goods.

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5. Debt and Finance Lease Obligations

As of September 28, 2024 and December 30, 2023, debt and finance lease obligations consisted of the following:


	September 28, 2024		December 30, 2023
	(In thousands)
Senior Secured Notes (“2029 Notes”) (1)	$	300,000	$	300,000
Revolving Credit Facility (2)	—		—

Finance lease obligations (3)	293,810		285,426
	593,810		585,426

SEC Form 10-Q filed by Bluelinx Holdings Inc.