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STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities:    
Net income $ 8,899 $ 11,440
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Depreciation and amortization expense 375 318
Deferred income taxes (406) 453
Non-cash operating lease cost 374 0
Stock-based compensation 8,477 5,015
Changes in operating assets and liabilities:    
Accounts receivable (469) 2,231
Inventory (16,697) (15,435)
Prepaid expenses and other current assets (3,857) 2,902
Other assets (185) (1,785)
Accounts payable 2,372 4,249
Accrued expenses (560) 8,054
Deferred revenue 9 (1,503)
Accrued compensation and benefits (2,371) (2,128)
Returns reserve (233) 296
Sales tax payable 607 935
Income tax payable (3,648) 1,235
Gift card liability (315) (142)
Deferred rent and lease incentive 0 (26)
Operating lease liabilities (389) 0
Net cash (used in) provided by operating activities (8,017) 16,109
Cash flows from investing activities:    
Purchases of property and equipment (364) (528)
Net cash used in investing activities (364) (528)
Cash flows from financing activities:    
Proceeds from stock option exercises 352 123
Net cash provided by financing activities 352 123
Net (decrease) increase in cash, cash equivalents, and restricted cash (8,029) 15,704
Cash, cash equivalents, and restricted cash, beginning of period 197,430 58,133
Cash, cash equivalents, and restricted cash, end of period 189,401 73,837
Supplemental disclosures:    
Property and equipment included in accounts payable and accrued expenses 149 73
Deferred offering costs included in accounts payable and accrued expenses $ 0 $ 1,796