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CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities:    
Net income $ 1,435 $ 1,909
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Depreciation and amortization expense 850 659
Deferred income taxes 251 (440)
Non-cash operating lease cost 1,761 666
Stock-based compensation 11,611 10,790
Accretion of discount on available-for-sale securities (1,376) 0
Changes in operating assets and liabilities:    
Accounts receivable 2,056 3,085
Inventory (11,426) (2,397)
Prepaid expenses and other current assets 198 2,303
Other assets (711) 62
Accounts payable 6,407 (12,439)
Accrued expenses 6,214 (4,894)
Accrued compensation and benefits (2,983) 231
Sales tax payable 243 332
Gift card liability (593) (351)
Deferred revenue (276) (2,080)
Returns reserve (282) 44
Income tax payable 1,256 382
Operating lease liabilities (3,016) (743)
Net cash (used in) provided by operating activities 11,619 (2,881)
Cash flows from investing activities:    
Purchases of property and equipment (496) (772)
Purchases of available-for-sale securities (41,278) 0
Maturities of available-for-sale securities 41,300 0
Net cash used in investing activities (474) (772)
Cash flows from financing activities:    
Proceeds from stock option exercises and employee stock purchases 10 1
Tax payments related to net share settlements on restricted stock units 0 (246)
Net cash (used in) provided by financing activities 10 (245)
Net change in cash and cash equivalents 11,155 (3,898)
Cash and cash equivalents, beginning of period 144,173 159,775
Cash and cash equivalents, end of period 155,328 155,877
Supplemental disclosures:    
Property and equipment included in accounts payable and accrued expenses 3,997 123
Lease assets obtained in exchange for new operating lease liabilities $ 15,921 $ 0