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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities:      
Net income/(loss) $ 217,217 $ 192,459 $ (18,281)
Adjustments to reconcile net income/(loss) to net cash provided by operating activities      
Stock-based compensation 24,396 22,278 22,639
Depreciation and amortization 20,576 15,208 17,360
Loss on disposal of fixed assets 11 526 561
Impairment of intangibles 0 2,620 44,273
Impairment of lease right-of-use asset and fixed assets 0 1,432 36,895
Deferred taxes 3,601 1,280 (8,353)
Accrued interest on note receivable – related party 16 23 31
Note receivable - related party 409 409 409
Change in valuation of contingent liability (5,807) 11,862 (8,917)
Gain on sale of trademark 0 (8,000) 0
Other operating activities (2,716) 0 0
Recovery of receivables, related to the Payless ShoeSource bankruptcy 0 919 0
Changes, net of acquisitions, in:      
Accounts receivable (9,683) (583) 13,122
Factor accounts receivable 116,141 (112,311) (36,200)
Inventories 29,071 (153,793) 35,476
Prepaid expenses, income tax receivables, prepaid taxes, and other assets (4,205) (1,899) (10,129)
Accounts payable and accrued expenses (108,788) 185,741 (34,207)
Accrued incentive compensation (3,083) 10,998 (7,061)
Leases and other liabilities (8,902) (7,822) (3,350)
Payment of contingent consideration (339) 0 0
Net cash provided by operating activities 267,883 159,463 44,206
Cash flows from investing activities:      
Capital expenditures (16,351) (6,608) (6,562)
Purchases of short-term investments (45,130) (68,471) (73,792)
Maturity/sale of marketable securities and short-term investments 73,998 63,867 75,470
Payments to Acquire Intangible Assets 2,000    
Purchase/sale of a trademark   8,000 0
Payments for (Proceeds from) Other Investing Activities (5,000) 0 0
Net cash provided by/(used in) investing activities 5,517 (3,212) (4,884)
Cash flows from financing activities:      
Proceeds from exercise of stock options 602 9,732 1,609
Investment of noncontrolling interest 2,500 0 359
Investment of noncontrolling interest 0 (18,942) 0
Distributions to noncontrolling interest earnings 294 3,121 0
Sale of minority interest of a subsidiary 1,017 0 0
Common stock purchased for treasury (148,878) (123,161) (46,583)
Cash dividends paid on common stock (66,005) (49,161) (12,459)
Payment of contingent consideration (4,770) 0 0
Proceeds from Lines of Credit 0 0 176,784
Repayments of Lines of Credit 0 0 (176,784)
Net Cash Provided by (Used in) Financing Activities, Total (215,828) (184,653) (57,074)
Effect of exchange rate changes on cash and cash equivalents (2,358) 37 1,515
Net increase/(decrease) in cash, cash equivalents 55,214 (28,365) (16,237)
Cash and cash equivalents – beginning of year 219,499 247,864 264,101
Cash and cash equivalents – end of year 274,713 219,499 247,864
Cash paid during the year for:      
Interest 0 0 354
Income taxes $ 65,395 $ 46,808 $ 5,147