XML 45 R7.htm IDEA: XBRL DOCUMENT v3.23.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities:      
Net income (loss) $ (57,429) $ 36,262 $ 30,426
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Depreciation and amortization 11,021 10,838 9,091
Allowance for expected credit losses 697 1,718 7,288
Recovery of related party receivable (50) (335)
Provision for obsolete and excess inventory 9,537 8,274 4,218
Stock-based compensation 33,939 6,285 1,622
Impairment of equity method investment 2,281
Loss (income) from equity method investment 7,374 (3,197)
Gain from sales of investment (1,669)
Change in fair value of warrant liabilities (1,063) (61)
Loss on disposal of property and equipment 431 83 246
Gain from disposal of subsidiary (2,043)
Unrealized loss on marketable securities 55 101
Deferred income taxes 12,499 (12,698) 372
Changes in operating assets and liabilities:      
Accounts receivable (21,969) 788 (14,054)
Inventories 78,766 (70,830) (76,240)
Prepaid expenses 905 (2,152) (7,516)
Other assets 9,982 (50,919) (10,532)
Accounts payable (14,063) (20,072) 76,337
Accrued liabilities and other liabilities (34,449) 41,547 44,636
Deferred revenue (8,941) (7,443) 21,817
Dues from affiliate (3) (2)
Net cash provided by (used in) operating activities 20,480 (53,286) 84,512
Cash flows from investing activities:      
Insurance settlement proceeds 788
Payments to acquire property and equipment (9,190) (13,839) (6,156)
Proceeds on disposal of property and equipment 1 1 132
Proceeds from sale of investment 5,419
Net cash used in investing activities (3,770) (13,838) (5,236)
Cash flows from financing activities:      
Borrowings under line of credit 46,188 787 20,000
Repayments under line of credit (45,742) (21,467)
Repayments of long-term debt (274) (285) (265)
Cash received from common control asset transaction 11,426
Proceeds from exercise of warrants 538
Proceeds from exercise of stock options 2,890 270
Payments for employee taxes related to stock compensation (1,514)
Net cash provided by (used in) financing activities 1,548 12,736 (1,732)
Foreign currency effect on cash, cash equivalents and restricted cash 918 972 (345)
Net increase (decrease) in cash, cash equivalents and restricted cash 19,176 (53,416) 77,199
Cash, cash equivalents and restricted cash:      
Beginning of period 104,330 157,746 80,547
End of period 123,506 104,330 157,746
Supplemental disclosures of cash flow information:      
Cash paid for interest 558 268 270
Cash paid for income taxes 4,963 6,374 261
Supplemental schedule of noncash investing activities      
Cashless exercise of stock options 723 677
ROU assets exchanged for lease liabilities $ 7,517 $ 60,672 $ 16,910