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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities    
Net income $ 48,985 $ 52,974
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 983 362
Depreciation and amortization 6,231 8,626
Write-off and amortization of debt discount 714 776
Write-off and amortization of debt issuance costs 567 597
Share-based compensation expense 5,970 3,436
(Gain) loss on disposal of property and equipment 5 (46)
Loss on debt extinguishment 1,023 0
Intangibles impairment 0 300
Deferred income taxes (52) 2
Change in fair value of preferred stock derivative liability 6,668 2,065
Changes in operating assets and liabilities:    
Accounts receivable (104,963) (57,824)
Inventory 11,787 (25,217)
Prepaid expenses and other assets (378) (7)
Accounts payable 60,931 24,666
Accounts payable - Meisheng (related party) 17,622 12,687
Accrued expenses 27,611 26,652
Reserve for sales returns and allowances (8,365) 12,931
Income taxes payable 9,322 12,931
Other liabilities 3,009 (650)
Total adjustments 38,685 22,287
Net cash provided by operating activities 87,670 75,261
Cash flows from investing activities    
Purchases of property and equipment (5,713) (8,089)
Proceeds from sale of property and equipment 37 2
Net cash used in investing activities (5,676) (8,087)
Cash flows from financing activities    
Repurchase of common stock for employee tax withholding (2,493) (1,283)
Repayment of credit facility borrowings (10,000) (13,000)
Proceeds from credit facility borrowings 10,000 13,000
Repayment of 2021 BSP Term Loan (69,218) (28,985)
Net cash used in financing activities (71,711) (30,268)
Net increase in cash, cash equivalents and restricted cash 10,283 36,906
Effect of foreign currency translation 674 (5,642)
Cash, cash equivalents and restricted cash, beginning of period 85,490 45,332
Cash, cash equivalents and restricted cash, end of period 96,447 76,596
Supplemental disclosures of cash flow information:    
Cash paid for income taxes, net 3,215 1,080
Cash paid for interest $ 4,141 $ 6,862