XML 17 R6.htm IDEA: XBRL DOCUMENT v3.24.3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities:    
Net income (loss) from continuing operations $ 34,560 $ 16,151
Adjustments to reconcile net income (loss) from continuing operations to net cash flows provided by operating activities from continuing operations:    
Share-based compensation 12,240 12,573
Fair value of shares received in settlement of litigation (Note 12) (9,300) 0
Change in deferred income taxes 10,142 0
Depreciation 1,715 2,054
Loss on extinguishment of debt 1,401 0
Amortization of intangible assets 1,336 570
Non-cash lease expenses 972 959
Impairment of intangible assets 352 0
Amortization of deferred financing costs 219 373
Bad debt expense 141 737
Other 430 70
Increase (decrease) in cash resulting from changes in:    
Accounts receivable (299) (6,659)
Inventory (2,797) (5,885)
Prepaid expenses 2,717 4,361
Other assets (521) 1,024
Accounts payable (2,123) 716
Accrued compensation (600) 1,932
Accrued expenses (931) (2,268)
Other liabilities (1,307) (1,041)
Net cash flows provided by operating activities from continuing operations 48,347 25,667
Net cash flows used in operating activities from discontinued operations (931) (9,149)
Net cash flows provided by operating activities 47,416 16,518
Cash flows from investing activities:    
Consideration paid pursuant to TELA APA (Note 12) (5,366) 0
Purchases of equipment (1,420) (1,560)
Patent application costs (30) (114)
Net cash flows used in investing activities (6,816) (1,674)
Cash flows from financing activities:    
Proceeds from Citizens Revolving Credit Facility 30,000 0
Proceeds from Citizens Term Loan Facility 19,783 0
Prepayment premium on Hayfin term loan (500) 0
Deferred financing cost (1,101) 0
Repayment of Hayfin term loan (50,000) 0
Repayment of Citizens Revolving Credit Facility (30,000) 0
Principal payments on Citizens Term Loan Facility (750) 0
Proceeds from exercise of stock options 1,398 406
Stock repurchased for tax withholdings on vesting of restricted stock (2,611) 0
Principal payments on finance lease (18) (36)
Net cash flows (used in) provided by financing activities (33,799) 370
Net change in cash 6,801 15,214
Cash and cash equivalents, beginning of period 82,000 65,950
Cash and cash equivalents, end of period $ 88,801 $ 81,164