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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Operating activities:      
Net income $ 35,667 $ 30,638 $ 5,000
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 3,952 2,867 2,849
Equity-based compensation 2,067 1,400 911
Deferred income taxes, net (1,613) (3,768) 3,627
Changes in operating assets and liabilities:      
Accounts receivable 586 361 489
Inventories (15,623) (26,046) (7,012)
Income taxes receivable (761) 3,708 (3,372)
Prepaid expenses and other current assets 1,662 (3,356) (3,067)
Other assets 89 (517) (13)
Accounts payable 9,594 2,365 751
Income taxes payable (447) 917  
Accrued expenses 1,001 5,579 6,301
Returns reserve 5,920 10,179 5,807
Other current liabilities 3,963 2,328 4,208
Net cash provided by operating activities 46,057 26,655 16,479
Investing activities:      
Purchases of property and equipment (12,455) (3,045) (2,262)
Net cash used in investing activities (12,455) (3,045) (2,262)
Financing activities:      
Proceeds from initial public offering, net of underwriting discounts paid 57,077    
Repurchase of Class B common stock upon corporate conversion (40,816)    
Repayment of line of credit   (15,100) (15,086)
Payment of deferred offering costs (1,834) (2,521)  
Proceeds from the exercise of stock options, net 752    
Net cash provided by (used in) financing activities 15,179 (17,621) (15,086)
Effect of exchange rate changes on cash and cash equivalents 268 (208)  
Net increase in cash and cash equivalents 49,049 5,781 (869)
Cash and cash equivalents, beginning of period 16,369 10,588 11,457
Cash and cash equivalents, end of period 65,418 16,369 10,588
Supplemental disclosure of cash flow information:      
Interest   87 668
Income taxes, net of refund $ 14,324 $ 9,673 $ 13,892