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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) $ 91,083 $ (5,888) $ (14,144)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Provision for (recovery of) doubtful accounts 233 (1,397) 1,619
Depreciation and amortization 10,578 10,251 10,936
Write-off and amortization of debt issuance costs 708 1,304 1,404
Share-based compensation expense 5,082 2,093 2,303
Payment-in-kind interest 0 1,519 4,366
Write-off and amortization of debt discount 845 1,419 2,800
(Gain) loss on disposal of property and equipment (46) (67) 71
Tools and molds disposal 0 0 149
Intangibles impairment 300 0 0
Gain on loan forgiveness 0 (6,206) 0
Loss on debt extinguishment 0 7,351 0
Deferred income taxes (57,855) (72) (103)
Change in fair value of convertible senior notes 0 16,419 2,265
Change in fair value of preferred stock derivative liability 636 13,220 2,815
Changes in operating assets and liabilities:      
Accounts receivable 44,390 (43,743) 14,069
Inventory 3,335 (45,312) 15,617
Prepaid expenses and other assets 4,753 7,330 20,004
Account payable (18,056) 19,752 (12,764)
Account payable - Meisheng (related party) (5,411) 5,265 (7,997)
Accrued expenses (9,073) 7,767 (211)
Reserve for sales returns and allowances 5,592 4,177 3,743
Income taxes payable 9,875 (212) (2,626)
Other liabilities (870) (849) (749)
Total adjustments (4,984) 9 57,711
Net cash provided by (used in) operating activities 86,099 (5,879) 43,567
Cash flows from investing activities      
Purchases of property and equipment (10,389) (8,221) (8,268)
Proceeds from sale of property and equipment 2 32 78
Net cash used in investing activities (10,387) (8,189) (8,190)
Cash flows from financing activities      
Repurchase of common stock for employee tax withholding (1,420) (164) (174)
Proceeds from loan under the Paycheck Protection Program 0 0 6,206
Retirement of convertible senior notes 0 0 (1,905)
Repayment of credit facility borrowings (13,000) (16,000) 0
Proceeds from credit facility borrowings 13,000 16,000 0
Repayment of 2021 BSP Term Loan (29,604) (495) 0
Net proceeds from issuance of long-term debt 0 96,306 0
Deferred issuance costs 0 (2,629) 0
Repayment of 2019 Recap Term Loan 0 (125,805) (15,073)
Net cash used in financing activities (31,024) (32,787) (10,946)
Net increase (decrease) in cash, cash equivalents and restricted cash 44,688 (46,855) 24,431
Effect of foreign currency translation (4,530) (506) 1,976
Cash, cash equivalents and restricted cash, beginning of year 45,332 92,693 66,286
Cash, cash equivalents and restricted cash, end of year 85,490 45,332 92,693
Supplemental disclosures of non-cash financing activities:      
Forgiveness of Paycheck Protection Program Loan 0 6,206 0
Supplemental disclosures of cash flow information:      
Cash paid for interest 9,040 13,355 13,216
Cash paid for income taxes, net $ 7,669 $ 1,615 $ 3,849