XML 16 R6.htm IDEA: XBRL DOCUMENT v3.23.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Operating activities:    
Net income $ 21,475 $ 38,841
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 2,459 2,305
Equity-based compensation 3,001 2,886
Changes in operating assets and liabilities:    
Accounts receivable (5,777) (3,175)
Inventories 9,911 (37,244)
Income taxes receivable (3,122) (3,445)
Prepaid expenses and other current assets 489 (14,905)
Other assets (429) (510)
Accounts payable (4,782) 5,742
Income taxes payable 914 96
Accrued expenses (2,286) 9,120
Returns reserve 2,969 20,497
Right-of-use lease assets and current and non-current lease liabilities 1,690 324
Other current liabilities 8,220 3,913
Net cash provided by operating activities 34,732 24,445
Investing activities:    
Purchases of property and equipment (2,120) (2,516)
Net cash used in investing activities (2,120) (2,516)
Financing activities:    
Proceeds from the exercise of stock options, net 410 368
Net cash provided by financing activities 410 368
Effect of exchange rate changes on cash and cash equivalents 1,583 (2,896)
Net increase in cash and cash equivalents 34,605 19,401
Cash and cash equivalents, beginning of period 234,724 218,455
Cash and cash equivalents, end of period 269,329 237,856
Supplemental disclosure of cash flow information:    
Income taxes, net of refund 9,221 14,608
Operating leases 3,549 2,504
Supplemental disclosure of non-cash activities:    
Lease assets obtained in exchange for new operating lease liabilities $ 20,452 $ 11,481