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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities:    
Net income $ (22,285) $ 31,455
Adjustments to reconcile net (loss) income to net cash from operating activities    
Depreciation of property and equipment 1,834 1,416
Provision for estimated credit losses 1,093 229
Amortization of intangible assets 3,874 3,578
Amortization of other assets 548 135
Amortization of debt issuance costs 1,058 1,057
Inventory write-down 3,337 668
Share-based compensation 3,577 7,049
Deferred income taxes (279) 0
Change in fair value adjustment of warrant liabilities 9,076 (52,052)
Other, net 1,511 1,516
Changes in operating assets and liabilities:    
Accounts receivable 4,793 (14,152)
Inventories (15,771) (11,491)
Prepaid expenses, other current assets, and income tax receivable (203) 1,290
Accounts payable, accrued expenses, and income tax payable (3,085) (6,639)
Other, net (2,088) (2,530)
Net cash used in operating activities (13,010) (38,471)
Cash flows used in investing activities:    
Cash paid for intangible assets (2,450) (276)
Cash paid for property and equipment (2,319) (3,149)
Cash paid for asset acquisitions (16,915) 0
Net cash used in investing activities (21,684) (3,425)
Cash flows from financing activities:    
Payment of tax withholdings on vested stock awards (2,195) 0
Payment of contingent consideration related to acquisitions 0 (783)
Net cash used in financing activities (2,195) (783)
Net decrease in cash and cash equivalents (36,889) (42,679)
Effect of foreign currency translation on cash 974 30
Cash and cash equivalents, beginning of period 568,197 901,886
Cash and cash equivalents, end of period $ 532,282 $ 859,237