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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities      
Net income $ 9,871 $ 34,200 $ 38,113
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for doubtful accounts 314 1,397 726
Depreciation and amortization 10,233 10,046 8,585
Write-off and amortization of debt discount 0 0 714
Write-off and amortization of debt issuance costs 59 317 647
Share-based compensation expense 10,913 9,535 8,027
Loss (gain) on disposal of property and equipment 24 115 (40)
Loss on debt extinguishment 427 1,023
Deferred income taxes 825 (2,251) (10,339)
Change in fair value of preferred stock derivative liability 0 0 8,029
Changes in operating assets and liabilities:      
Accounts receivable (7,026) (9,229) (21,752)
Inventory (7,025) (133) 27,972
Prepaid expenses and other assets (951) (6,086) (12)
Account payable 8,183 508 9,595
Account payable - Meisheng (related party) (12,706) 1,117 1,918
Accrued expenses (6,026) 2,867 7,104
Reserve for sales returns and allowances (2,248) (2,714) (13,346)
Income taxes payable (1,591) (2,375) (4,064)
Other liabilities 5,216 1,633 3,504
Total adjustments (1,379) 4,747 28,291
Net cash provided by operating activities 8,492 38,947 66,404
Cash flows from investing activities      
Purchases of property and equipment (9,563) (11,246) (8,906)
Investments in employee deferred compensation trusts (2,781) (1,645) (41)
Proceeds from sale of property and equipment 0 2 40
Net cash used in investing activities (12,344) (12,889) (8,907)
Cash flows from financing activities      
Repurchase of common stock for employee tax withholding (5,703) (6,918) (3,070)
Repayment of credit facility borrowings (8,000) (63,000) (10,000)
Proceeds from credit facility borrowings 8,000 63,000 10,000
Redemption of preferred stock 0 (20,000) 0
Repayment of 2021 BSP Term Loan 0 0 (69,218)
Dividends paid (11,200) 0 0
Deferred issuance costs (207) 0 0
Net cash used in financing activities (17,110) (26,918) (72,288)
Net increase (decrease) in cash, cash equivalents and restricted cash (20,962) (860) (14,791)
Effect of foreign currency translation 4,891 (1,557) 1,855
Cash, cash equivalents and restricted cash, beginning of year 70,137 72,554 85,490
Cash, cash equivalents and restricted cash, end of year 54,066 70,137 72,554
Supplemental disclosures of cash flow information:      
Cash paid for interest 365 473 4,718
Cash paid for income taxes, net $ 5,011 $ 16,363 $ 21,635