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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Dec. 31, 2021
Cash flows from operating activities          
Net income $ 36,936 $ 14,228 $ 89,633 $ 30,276  
Adjustments to reconcile net income to net cash provided by operating activities          
Depreciation and amortization     18,319 17,206  
Amortization of operating lease right-of-use asset     21,976 0  
Amortization of deferred financing fees and interest on finance lease in excess of principal paid     8,731 839  
Equity based compensation     2,613 1,135  
Deferred tax assets     5,458 0  
Derivative expense     0 29,905  
Loss on disposal of assets 0 452 0 466  
Amortization and write-off of lease incentives     (224) (5,889)  
Changes in operating assets and liabilities          
Accounts receivable     (1,550) 240  
Merchandise inventory     (84,228) (62,533)  
Prepaid and other current assets     (11,249) (715)  
Other noncurrent liabilities     456 (732)  
Accounts payable     10,334 1,698  
Accrued expenses     23,682 16,259  
Operating lease liabilities     (22,586) 0  
Deferred rent and lease incentives     0 6,959  
Client deposits     (3,128) 106,076  
Net cash provided by operating activities     58,237 141,190  
Cash flows from investing activities          
Purchases of property, furniture and equipment     (36,950) (29,533)  
Net cash used in investing activities     (36,950) (29,533)  
Cash flows from financing activities          
Issuance of related party notes     0 (1,000)  
Proceeds from related party notes     0 1,000  
Principal payments under capital leases     0 (106)  
Principal payments under finance leases     (113) 0  
Shareholder distributions     0 (12,350)  
Distributions to noncontrolling interest holders     0 (7,865)  
Net cash used in financing activities     (113) (20,321)  
Net increase in cash, cash equivalents and restricted cash equivalents     21,174 91,336  
Cash, cash equivalents and restricted cash equivalents          
Beginning of period     130,908 64,002 $ 64,002
End of period 152,082 $ 155,338 152,082 155,338 130,908
Supplemental disclosure of cash flow information          
Interest paid in cash     3,858 4,006  
Interest received in cash     316 0  
Income taxes paid in cash     20,579 1,394  
Lease incentives     7,532 4,253  
Purchase of property, furniture and equipment in accounts payable     2,661 (428)  
Adjustment to deferred tax asset impact of Reorganization from partnership to a corporation $ 1,278   (1,278) 0 $ (17,400)
Derecognition of build-to-suit assets as a result of ASC 842 adoption     (31,017) 0  
Property, furniture and equipment additions due to build-to-suit lease transactions     0 1,040  
Capital contributions     62 0  
Capital lease obligation     $ 0 $ 2,591