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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Operating activities:      
Net income (loss) $ 84,860 $ 25,711 $ (15,305)
Adjustments to reconcile net income (loss) to net cash flows provided by (used in) operating activities      
Depreciation 140 538 1,846
Accretion of debt discount and loan costs 342 320 11,508
Amortization of intangible assets 7,284 6,981 6,981
Provision for inventory obsolescence 1,926 1,870 197
Deferred income taxes (56,527) 0 0
Net change in operating lease assets and liabilities (376) 0 0
Stock-based compensation expense 6,168 9,595 5,416
Changes in assets and liabilities, net of effect of acquisition:      
Accounts receivable (8,717) (9,360) (25,163)
Inventories (8,195) (8,001) (6,102)
Prepaid expenses and other assets (1,970) (1,439) (581)
Accounts payable and accrued expenses 16,102 (1,234) 32,275
Net cash flows provided by operating activities 41,037 24,981 11,072
Investing activities:      
Product acquisitions (6,457) 0 (30,685)
Acquisitions of equipment (415) (13) (79)
Net cash flows used in investing activities (6,872) (13) (30,764)
Financing activities:      
Proceeds from exercise of stock options 463 3,369 2,321
Proceeds from issuance of common stock, less underwriters discount 0 0 48,000
Payment on note payable (20,000) 0 (67,346)
Proceeds from notes payable 0 20,000 59,987
Equity finance costs 0 0 (410)
Payment of deferred financing fees 0 (436) 0
Loss on refinancing of former debt 0 0 (2,794)
Payment on share repurchase (11,903) (205) 0
Net cash flows (used in) provided by financing activities (31,440) 22,728 39,758
Net change in cash and cash equivalents 2,725 47,696 20,066
Cash and cash equivalents at beginning of year 111,584 63,888 43,822
Cash and cash equivalents at end of year 114,309 111,584 63,888
Cash paid for interest 7,191 6,979 6,809
Cash paid for income taxes $ 1,415 $ 250 $ 0