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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Dec. 31, 2021
Cash flows from operating activities:          
Net income $ 48,915 $ 37,341 $ 123,508 $ 59,672  
Adjustments to reconcile net income to net cash provided by operating activities:          
Stock-based compensation 6,170 5,480 12,150 11,019  
Depreciation and amortization     10,471 7,993  
Loss on disposal of fixed assets     260 303  
Impairment of lease right-of-use asset and fixed assets     0 1,089  
Deferred taxes     (1,936) 359  
Accrued interest on note receivable - related party     (8) (11)  
Change in valuation of contingent payment liabilities     (4,960) 7,834  
Gain (Loss) on Disposition of Intangible Assets     0 (8,000)  
Recovery of receivables, related to the Payless ShoeSource bankruptcy     0 (919)  
Changes, net of acquisitions, in:          
Accounts receivable     (4,564) 1,365  
Increase (Decrease) in Accounts and Other Receivables     (20,589) 1,874  
Notes receivable - related party     204 204  
Inventories     (53,222) (24,105)  
Prepaid expenses, income tax receivables, prepaid taxes, and other assets     (7,676) (2,125)  
Accounts payable and accrued expenses     (44,197) 35,836  
Accrued incentive compensation     (6,537) 5,048  
Leases and other liabilities     3,457 (1,765)  
Payment for Contingent Consideration Liability, Operating Activities     (339)    
Net Cash Provided by (Used in) Operating Activities     40,286 91,923  
Cash flows from investing activities:          
Capital expenditures 1,667 1,183 5,263 2,782  
Proceeds from Sale of Intangible Assets       8,000 $ 8,000
Payments to Acquire Intangible Assets     (2,000)   (2,000)
Payments to Acquire Short-term Investments     38,951 26,574  
Proceeds from Sale of Short-term Investments     53,803 26,460  
Net cash provided by investing activities     7,589 5,104  
Cash flows from financing activities:          
Tax benefit from the exercise of options 140 5,269 415 6,823  
Payments of Distributions to Affiliates     0 (2,859)  
Common stock purchased for treasury (34,628) (37,236) (77,027) (42,794)  
Cash dividends paid on common stock     (33,389) (24,772)  
Payment for Contingent Consideration Liability, Financing Activities     (4,770)    
Net cash used in financing activities     (114,771) (82,729)  
Effect of Exchange Rate on Cash and Cash Equivalents     (1,674) (18)  
Net (decrease)/increase in cash and cash equivalents     (68,570) 14,280  
Cash and cash equivalents – beginning of period       247,864 $ 247,864
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Total $ 150,929 $ 262,144 $ 150,929 262,144  
Payments to Acquire Additional Interest in Subsidiaries       $ (19,127)