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Consolidated Condensed Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities:    
Net income $ 14,975 $ 9,860
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 4,032 4,757
Amortization of debt discount 0 2,503
Amortization of deferred debt issuance costs 880 1,058
Amortization 12,799 13,519
Stock-based compensation 4,463 3,387
Deferred income taxes 177 (2,688)
Increase (decrease) in cash flows from changes in assets and liabilities:    
Accounts receivable (163) 11,957
Inventories (21,857) (11,638)
Accounts payable 9,205 2,804
Accrued compensation and benefits (14,966) (8,955)
Other assets (6,129) (6,002)
Other liabilities (3,088) 1,782
Net cash provided by operating activities 328 22,344
Cash flows from investing activities:    
Purchases of property, plant and equipment (3,687) (3,109)
Net cash used in investing activities (3,687) (3,109)
Cash flows from financing activities:    
Payments on term loan (2,981) (3,313)
Payments on revolving line of credit (99,000) (72,000)
Proceeds from revolving line of credit 110,000 64,000
Payments related to contingent consideration (798) 0
Dividends paid on common stock (5,874) (5,775)
Other, net 6,142 8,216
Net cash provided by (used in) financing activities 7,489 (8,872)
Effect of exchange rate changes on cash and cash equivalents (113) (950)
Net increase in cash and cash equivalents 4,017 9,413
Cash and cash equivalents at beginning of period 20,847 27,356
Cash and cash equivalents at end of period 24,864 36,769
Non-cash investing and financing activities:    
Dividends payable $ 5,899 $ 5,813