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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Operating activities    
Net (loss) income $ (23,296) $ 4,940
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation, depletion and amortization 16,941 1,591
Provision for inventory obsolescence 3,229 16
Stock-based compensation expense 2,908 1,001
Non-cash operating lease expense 2,261 958
Impairment charges 2,756 0
Change in fair value of contingent consideration (1,560) 0
Deferred income tax benefit (4,586) 0
Other 258 624
Changes in assets and liabilities:    
Accounts receivable (6,834) (11,554)
Inventories (143) (7,496)
Prepaid expenses and other current assets (2,315) (3,970)
Other assets (90) (414)
Accounts payable 10,454 14,398
Accrued expenses and other current liabilities (1,208) (1,840)
Deferred revenue (7,159) (66)
Lease liabilities (1,750) (826)
Other long-term liabilities (21) 0
Net cash used in operating activities (10,155) (2,638)
Investing activities    
Business combinations, net of cash and cash equivalents 190 0
Purchases of property, plant and equipment (2,470) (428)
Other (105) (17)
Net cash used in investing activities (2,385) (445)
Financing activities    
Borrowings under revolving credit facilities 420 52,344
Repayments of revolving credit facilities (397) (52,250)
Repayments of long-term debt Term Loan (313) 0
Payment of withholding tax related to restricted stock units (1,559) (11,595)
Other (104) (326)
Net cash used in financing activities (1,953) (11,827)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 43 (4)
Net decrease in cash, cash equivalents and restricted cash (14,450) (14,914)
Cash, cash equivalents and restricted cash at beginning of period 28,384 76,955
Cash, cash equivalents and restricted cash at end of period $ 13,934 $ 62,041