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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2022
Mar. 31, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Dec. 31, 2021
Cash flows from operating activities:            
Net Income $ 215 $ (913) $ 12,577 $ 8,046 $ 43,207 $ 94,202
Adjustments to reconcile net income to net cash provided by operating activities:            
Depreciation 1,456   1,937 4,331 4,010  
Amortization of intangible assets 1,220   1,240 3,662 3,726  
Amortization of operating lease right-of-use assets       5,483 4,117  
Non-cash interest expense       326 236  
Deferred interest expense       428 1,331  
Provision recorded for doubtful accounts 733   868 855 2,367  
Loss on disposal of property and equipment       4,412 1,397  
Adjustment for excess and obsolete inventories       7,621 8,045  
Stock-based compensation       4,697 2,781  
Change in fair value of Earnout liability         (3,985)  
Loss on extinguishment of debt     1,883   1,883  
Changes in operating assets and liabilities:            
Accounts receivable       (11,510) (20,147)  
Inventory       (7,282) (9,741)  
Prepaid expenses and other current assets       1 (98)  
Operating leases       (5,250) (4,179)  
Accounts payable       5,261 5,237  
Accrued expenses and other current liabilities   (3,828)   (4,061) 6,765 9,354
Other liabilities       39 (2,922)  
Net cash provided by operating activities       17,059 44,030  
Cash flows from investing activities:            
Purchases of property and equipment       (23,242) (25,993)  
Net cash used in investing activities       (23,242) (25,993)  
Cash flows from financing activities:            
Repayments under the 2019 Credit Agreement         (70,000)  
Proceeds from term loan under the 2021 Credit Agreement, net of debt discount and issuance cost         73,174  
Payments of term loan under the 2021 Credit Agreement       (938) (469)  
Payments of withholding taxes in connection with RSUs vesting       (648) (737)  
Proceeds from the exercise of stock options       2,070 2,115  
Principal repayments of finance lease obligations       (200) (2,099)  
Payment to extinguish debt         (1,620)  
Payment of deferred acquisition consideration       (608) (483)  
Net cash provided by financing activities       (324) (119)  
Change in cash, cash equivalents, and restricted cash       (6,507) 17,918  
Cash, cash equivalents, and restricted cash, beginning of period   $ 114,528   114,528 84,806 84,806
Cash, cash equivalents, and restricted cash, end of period $ 108,021   $ 102,724 108,021 102,724 $ 114,528
Supplemental disclosure of cash flow information:            
Cash paid for interest       1,787 5,830  
Cash paid for income taxes       974 582  
Supplemental disclosure of non-cash investing and financing activities:            
Purchases of property and equipment included in accounts payable and accrued expenses       5,547 1,523  
Right-of-use assets obtained through operating lease obligations       1,708 $ 30,639  
Shares issued for deferred acquisition consideration       $ 828