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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Operating activities:    
Net income $ 38,841 $ 53,790
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 2,305 2,271
Equity-based compensation 2,886 2,328
Changes in operating assets and liabilities:    
Accounts receivable (3,175) (2,741)
Inventories (37,244) (23,555)
Income taxes receivable (3,445) (1,524)
Prepaid expenses and other current assets (14,905) (11,301)
Other assets (510) (2,236)
Accounts payable 5,742 19,297
Income taxes payable 96 757
Accrued expenses 9,120 7,241
Returns reserve 20,497 18,422
Right-of-use lease assets and current and non-current lease liabilities 324 (406)
Other current liabilities 3,913 4,213
Net cash provided by operating activities 24,445 66,556
Investing activities:    
Purchases of property and equipment (2,516) (1,253)
Net cash used in investing activities (2,516) (1,253)
Financing activities:    
Proceeds from the exercise of stock options, net 368 8,217
Net cash provided by financing activities 368 8,217
Effect of exchange rate changes on cash and cash equivalents (2,896) 49
Net increase in cash and cash equivalents 19,401 73,569
Cash and cash equivalents, beginning of period 218,455 146,013
Cash and cash equivalents, end of period 237,856 219,582
Supplemental disclosure of cash flow information:    
Income taxes, net of refund 14,608 610
Operating leases 2,504 2,776
Supplemental disclosure of non-cash activities:    
Lease assets obtained in exchange for new operating lease liabilities $ 11,481 $ 1,440