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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 17,580 $ 12,529
Reconciliation of net income to net cash provided by operating activities:    
Depreciation 2,024 2,517
Amortization of intangible assets and deferred financing costs 5,400 4,693
Provision for credit losses 498 (147)
Fair value adjustment on contingent consideration 342 531
Restricted stock compensation expense 476 370
Deferred income taxes (2,799) 411
Changes in operating assets and liabilities, and other:    
Changes in Accounts receivables, net 9,070 (9,485)
Accounts payable and accrued expenses 13,311 9,603
Prepaid expenses and other assets 8,844 (3,603)
Inventories (8,006) (10,910)
Other (20,291) (3,829)
Net cash provided by operating activities 26,449 2,680
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property and equipment (3,804) (740)
Acquisition of business, net of cash acquired 0 (5,316)
Net cash used in investing activities (3,804) (6,056)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Principal debt payments (1,092) (825)
Preferred stock dividends paid (23) (23)
Purchase of treasury stock (9,135) (8,315)
Payment for employee taxes withheld from stock awards (104) (159)
Net cash provided by (used in) financing activities (10,354) (9,322)
Effect of foreign currency on cash (35) 268
Net change in cash and restricted cash 12,256 (12,430)
Cash and restricted cash at beginning of period 46,117 49,080
Cash and restricted cash at end of period 58,373 36,650
Supplemental schedule of non-cash investing and financing activities:    
Shares issued for acquisitions (Note 12) $ 0 $ 527