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Condensed consolidated statements of cash flows (unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Dec. 31, 2022
Jun. 30, 2022
Dec. 31, 2021
Jun. 30, 2021
Dec. 31, 2022
Dec. 31, 2021
Mar. 31, 2022
Cash flows from operating activities:              
Net income $ 19,105 $ 14,469 $ 6,214 $ 8,276 $ 45,284 $ 20,214  
Adjustments to reconcile net income to net cash provided by operating activities:              
Depreciation and amortization         16,496 20,317  
Restructuring expense 0   (14)   0 68  
Stock-based compensation expense         21,833 14,598  
Amortization of debt issuance costs and discount on debt         271 304  
Deferred income taxes         (1,819) (401)  
Loss on extinguishment of debt 176   0   176 460  
Other, net         (1) 457  
Changes in operating assets and liabilities:              
Accounts receivable         (20,620) (7,211)  
Inventory         3,248 (28,390)  
Prepaid expenses and other assets         (15,223) (8,585)  
Accounts payable and accrued expenses         22,610 (691)  
Other liabilities         (3,254) (3,314)  
Net cash provided by operating activities         69,001 7,826  
Cash flows from investing activities:              
Purchase of property and equipment         (1,647) (4,596)  
Net cash used in investing activities         (1,647) (4,596)  
Cash flows from financing activities:              
Proceeds from revolving line of credit         0 26,480  
Repayment of revolving line of credit         0 (26,480)  
Proceeds from long-term debt         0 25,581  
Repayment of long-term debt         (28,750) (53,275)  
Debt issuance costs paid         0 (1,064)  
Cash received from issuance of common stock         5,652 1,236  
Other, net         (588) (587)  
Net cash used in financing activities         (23,686) (28,109)  
Net increase (decrease) in cash and cash equivalents         43,668 (24,879)  
Cash and cash equivalents - beginning of period   $ 43,353   $ 57,768 43,353 57,768 $ 57,768
Cash and cash equivalents - end of period $ 87,021   $ 32,889   $ 87,021 $ 32,889 $ 43,353