XML 13 R6.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) $ 155 $ (6,705)
Adjustments to reconcile net income (loss) to net cash provided by (used for) operating activities:    
Depreciation and amortization 916 978
Amortization of intangible assets 560 264
Amortization of debt financing costs 70 42
Stock-based compensation 1,105 1,959
Deferred income taxes (6,716) (89)
Change in sales returns reserve (2,410) (1,178)
Provision for obsolete inventory 794 (561)
Changes in operating assets and liabilities, net of acquisitions:    
Accounts receivable 35,918 20,578
Inventories (3,063) 7,111
Accounts payable 8,065 2,162
Prepaid expenses and other assets (357) 473
Income taxes payable 2 (271)
Other liabilities (7,782) 4,226
Net cash provided by (used for) operating activities 27,257 28,989
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property and equipment (731) (887)
Acquisition of a business, net of cash acquired (75,494)  
Net cash used for investing activities (76,225) (887)
CASH FLOWS FROM FINANCING ACTIVITIES    
Borrowings on revolving credit facilities 80,288 53,892
Repayment of revolving credit facilities (80,288) (72,945)
Proceeds of term loan 50,000  
Repayment of term loan (104)  
Proceeds from exercise of stock options and warrants 1,257 125
Debt issuance costs (3,170) (80)
Net cash provided by (used for) financing activities 47,983 (19,008)
Effect of exchange rate changes on cash and cash equivalents 75 83
Net increase (decrease) in cash and cash equivalents (910) 9,177
Cash and cash equivalents - beginning of period 18,726 11,396
Cash and cash equivalents - end of period 17,816 20,573
SUPPLEMENTAL DISCLOSURE OF INFORMATION    
Cash paid for interest $ 370 $ 190