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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Operating activities:      
Net income $ 28,147 $ 58,697 $ 99,840
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 5,094 4,791 4,508
Equity-based compensation 5,839 5,862 4,786
Deferred income taxes, net (5,251) (5,695) (5,245)
Changes in operating assets and liabilities:      
Accounts receivable (6,984) (782) (18)
Inventories 11,637 (43,965) (75,987)
Income taxes receivable 1,349 401 7,314
Prepaid expenses and other current assets (5,649) (17,760) (22,221)
Other assets (1,365) 1,939 (2,246)
Accounts payable (2,968) (3,556) 15,008
Income taxes payable (229) 229 (195)
Accrued expenses 2,448 4,367 9,166
Returns reserve 399 14,085 23,694
Right-of-use lease assets and current and non-current lease liabilities 3,010 1,162 (448)
Other current liabilities 7,865 3,661 4,357
Net cash provided by operating activities 43,342 23,436 62,313
Investing activities:      
Purchases of property and equipment (4,198) (5,167) (2,195)
Net cash used in investing activities (4,198) (5,167) (2,195)
Financing activities:      
Proceeds from the exercise of stock options, net 536 887 12,766
Repurchases of Class A common stock (30,913)    
Net cash (used in) provided by financing activities (30,377) 887 12,766
Effect of exchange rate changes on cash and cash equivalents 1,958 (2,887) (442)
Net increase in cash and cash equivalents 10,725 16,269 72,442
Cash and cash equivalents, beginning of year 234,724 218,455 146,013
Cash and cash equivalents, end of year 245,449 234,724 218,455
Supplemental disclosure of cash flow information:      
Income taxes, net of refund 12,995 23,031 3,014
Operating leases 7,012 5,858 5,321
Supplemental disclosure of non-cash activities:      
Lease assets obtained in exchange for new operating lease liabilities $ 20,452 $ 21,938 $ 1,440