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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities      
Net income $ 68,550 $ 125,239 $ 136,634
Adjustments to reconcile net income to net cash provided by operating activities      
Depreciation and amortization 39,086 29,442 24,901
Amortization of operating lease right-of-use asset 36,937 33,306 29,052
Amortization of deferred financing fees, interest on finance lease in excess of principal paid and interest on operating leases 26,728 22,075 12,649
Equity based compensation 7,640 7,909 4,288
Deferred tax assets (1,964) (2,286) 9,771
Gain on sale of property, furniture and equipment (1,202) 0 0
Amortization of cloud computing arrangements 1,625 698 0
Amortization and write-off of lease incentives (80) (321) (304)
Insurance proceeds 0 60 0
Changes in operating assets and liabilities      
Accounts receivable 1,142 (660) (1,506)
Merchandise inventory (42,718) 32,067 (78,076)
Prepaid and other assets (2,479) (11,109) (7,154)
Other noncurrent liabilities (10) 388 638
Accounts payable 5,618 1,216 10,296
Accrued expenses (921) (1,540) 27,746
Operating lease liabilities (37,908) (39,020) (29,131)
Client deposits 47,065 (28,779) (62,342)
Net cash provided by operating activities 147,109 168,685 77,462
Cash flows from investing activities      
Purchases of property, furniture and equipment (107,370) (93,441) (55,666)
Proceeds from the sale of property, furniture and equipment 7,836 0 0
Insurance proceeds 0 333 0
Net cash used in investing activities (99,534) (93,108) (55,666)
Cash flows from financing activities      
Principal payments under finance leases (927) (763) (177)
Repurchase of shares for payment of withholding taxes for equity based compensation (1,769) (1,036) 0
Cash dividend payments (70,255) 0 0
Net cash used in financing activities (72,951) (1,799) (177)
Net (decrease) increase in cash, cash equivalents and restricted cash (25,376) 73,778 21,619
Cash, cash equivalents and restricted cash      
Beginning of year 226,305 152,527 130,908
End of year 200,929 226,305 152,527
Supplemental disclosure of cash flow information      
Interest paid in cash 4,670 5,301 5,155
Interest received in cash 9,029 8,778 1,373
Income taxes paid in cash 23,770 47,132 34,943
Noncash investing activities:      
Purchases of property, furniture and equipment in current liabilities 8,383 10,286 8,469
Noncash financing activities:      
Adjustment to deferred tax asset impact of Reorganization from partnership to a corporation 0 (1,625) (1,072)
Derecognition of build-to-suit assets as a result of ASC 842 adoption 0 0 (31,017)
Capital contributions $ 30 $ 56 $ 80