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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities:    
Net loss $ (1,612) $ (11,790)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 4,106 3,677
Gain on LiveArea Transaction 0 (180)
Deferred income taxes 172 43
Stock-based compensation expense 2,230 1,316
Other 26 (159)
Changes in operating assets and liabilities:    
Accounts receivable 37,951 28,584
Inventories 0 3,185
Prepaid expenses, other receivables and other assets 9,111 (599)
Operating leases (207) (1,173)
Trade accounts payable, deferred revenues, accrued expenses and other liabilities (33,486) (20,153)
Net cash provided by operating activities 18,291 2,751
Cash flows from investing activities:    
Purchases of property and equipment (3,141) (4,663)
Proceeds from sale of property and equipment 8 26
Net cash used in investing activities (3,133) (4,637)
Cash flows from financing activities:    
Net proceeds from issuance of common stock 0 436
Taxes paid on behalf of employees for withheld shares (730) (2,255)
Payment of dividend equivalents (3,480) 0
Repurchase of common stock (1,416) 0
Payment of debt issuance costs (439) 0
Payments on finance lease obligations (64) (162)
Net cash used in financing activities (6,129) (1,981)
Effect of exchange rates on cash, cash equivalents and restricted cash (41) (508)
Net increase (decrease) in cash and cash equivalents 8,988 (4,375)
Cash and cash equivalents, beginning of period 30,034 152,332
Restricted cash, beginning of period 0 214
Cash, cash equivalents and restricted cash, beginning of period 30,034 152,546
Cash and cash equivalents, end of period 39,022 148,171
Restricted cash, end of period 0 0
Cash, cash equivalents and restricted cash, end of period 39,022 148,171
Supplemental cash flow information:    
Cash received for income taxes 7,544 56
Cash received for interest income 545 176
Cash paid for income taxes 1,670 5,670
Cash paid for interest expense 213 7
Non-cash investing and financing activities:    
Property and equipment acquired under long-term debt and finance leases 0 13
Operating lease right-of-use assets acquired under operating lease liabilities $ 7,753 $ 622