XML 18 R6.htm IDEA: XBRL DOCUMENT v3.26.3
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Cash flows from operating activities    
Net income $ 101,964 $ 7,883
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 2,021 2,180
Stock-based compensation 8,622 7,526
Amortization of operating ROU assets 4,884 4,957
Deferred income taxes (89,426) 0
Other 2,283 2,679
Changes in assets and liabilities:    
Accounts receivable, net (11,262) 437
Inventories 20,070 (10,828)
Prepaid expenses and other assets (758) 2,747
Accounts payable, accrued expenses and other long-term liabilities 1,776 (15,102)
Deferred revenue 0 (288)
Operating lease liabilities (6,891) (6,378)
Net cash provided by (used in) operating activities 33,283 (4,187)
Cash flows from investing activities    
Purchases of property and equipment (2,767) (263)
Net cash used in investing activities (2,767) (263)
Cash flows from financing activities    
Repurchase of common stock (25,143) 0
Proceeds from exercise of stock options 7,892 384
Proceeds from 2021 ESPP 108 85
Payments on finance lease liabilities 0 (1)
Net cash (used in) provided by financing activities (17,143) 468
Net increase (decrease) in cash and cash equivalents 13,373 (3,982)
Cash and cash equivalents    
Beginning of the period 89,581 75,435
End of the period 102,954 71,453
Supplemental disclosures of noncash activities    
Capital expenditures included in accounts payable and accrued expenses $ 143 $ 0