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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Operating activities    
Net income $ 3,602 $ 4,514
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 2,302 1,871
Stock compensation expense 2,280 2,229
Inventory adjustment to net realizable value 98 0
Provision for doubtful accounts 11 15
Deferred tax provision 881 32
Gain on disposal of property and equipment (6) (1)
Gain on termination of lease (205) 0
Changes in operating assets and liabilities:    
Accounts receivable (1,795) 506
Inventory (855) (4,324)
Prepaid and deferred taxes 35 208
Prepaid expenses and other assets (1,137) (1,235)
Operating lease assets and liabilities 214 (89)
Accounts payable (8,815) 3,301
Accrued expenses and other current liabilities (5,193) (1,994)
Deferred revenue 60 174
Payables to sellers 11,199 1,069
Other liabilities (805) (238)
Net cash provided by operating activities 1,871 6,038
Investing activities    
Cash paid for business acquisition, net of cash acquired (11,063) 0
Purchases of property and equipment, including capitalized software (1,964) (1,363)
Increase in intangibles (1) (5)
Proceeds from sales of property and equipment 7 14
Proceeds from promissory note 0 508
Net cash used by investing activities (13,021) (846)
Financing activities    
Payments of the principal portion of finance lease liabilities (27) (9)
Taxes paid associated with net settlement of stock compensation awards (851) (58)
Proceeds from exercise of stock options 0 197
Common stock repurchased (2,963) (4,103)
Net cash used by financing activities (3,841) (3,973)
Effect of exchange rate differences on cash and cash equivalents (23) 589
Net (decrease) increase in cash and cash equivalents (15,014) 1,808
Cash and cash equivalents at beginning of period 106,335 76,036
Cash and cash equivalents at end of period 91,321 77,844
Supplemental disclosure of cash flow information    
Cash (received) paid for income taxes, net (28) 208
Non-cash: Earnout liability for acquisition activity 26,900 0
Common stock surrendered in the exercise of stock options $ 100 $ 169