XML 17 R6.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Operating activities    
Net income (loss) $ 1,067 $ (440)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Depreciation 1,203 951
Equity-based compensation 2,587 2,258
Non-cash operating lease cost 1,281 1,085
Amortization of debt issuance costs 69 67
Deferred tax expense (benefit) 73 (14)
Other (65) 74
Changes in assets and liabilities:    
Inventories (1,051) 1,403
Prepaid expenses and other current assets 15 778
Other assets (312) (135)
Accounts payable, accrued expenses and other current liabilities (12,544) (10,456)
Deferred revenue 3,259 3,327
Operating lease liabilities (1,372) (880)
Net cash used in operating activities (5,790) (1,982)
Investing activities    
Purchases of property and equipment (562) (4,414)
Net cash used in investing activities (562) (4,414)
Financing activities    
Payments on SVB term loan (813) (813)
Repurchases of common stock (100) 0
Payment of debt issuance costs (100) 0
Tax distributions to members (988) (1,468)
Net cash used in financing activities (2,001) (2,281)
Net decrease in cash, cash equivalents and restricted cash (8,353) (8,677)
Cash, cash equivalents and restricted cash at beginning of period 156,020 154,854
Cash, cash equivalents and restricted cash at end of period 147,667 146,177
Reconciliation of cash, cash equivalents and restricted cash    
Cash and cash equivalents 147,454 145,972
Restricted cash 213 205
Total cash, cash equivalents, and restricted cash 147,667 146,177
Non-cash investing and financing activities    
Right-of-use assets obtained in exchange for new operating lease liabilities 3,441 7,535
Change in deferred tax assets associated with redemption of LLC Units (177) 374
TRA Obligation associated with redemption of LLC Units (13) 439
Purchases of property and equipment included in accounts payable and accrued liabilities 273 245
Change in APIC related to redemption of LLC Units $ (164) $ 65