XML 32 R6.htm IDEA: XBRL DOCUMENT v3.24.3
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Operating activities    
Net income $ 1,367 $ 2,793
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 3,846 2,996
Equity-based compensation 7,536 7,454
Non-cash operating lease cost 3,821 3,487
Amortization of debt issuance costs 218 202
Deferred tax expense 222 118
Other (118) 63
Changes in assets and liabilities:    
Inventories (585) 2,025
Prepaid expenses and other current assets 301 1,808
Other assets (726) 547
Accounts payable, accrued expenses and other current liabilities (10,582) (7,554)
Deferred revenue 1,982 4,502
Operating lease liabilities (3,778) (2,927)
Net cash provided by operating activities 3,504 15,514
Investing activities    
Purchases of property and equipment (2,730) (10,729)
Net cash used in investing activities (2,730) (10,729)
Financing activities    
Payments on SVB term loan (1,625) (2,438)
Repurchases of common stock (438) 0
Payment of debt issuance costs (100) 0
Tax distributions and TRA payments to members (1,763) (9,861)
Net cash used in financing activities (3,926) (12,299)
Net decrease in cash, cash equivalents and restricted cash (3,152) (7,514)
Cash, cash equivalents and restricted cash at beginning of period 156,020 154,854
Cash, cash equivalents and restricted cash at end of period 152,868 147,340
Reconciliation of cash, cash equivalents and restricted cash    
Cash and cash equivalents 152,653 147,131
Restricted cash 215 209
Total cash, cash equivalents, and restricted cash 152,868 147,340
Non-cash investing and financing activities    
Right-of-use assets obtained in exchange for new operating lease liabilities 6,199 12,449
Change in deferred tax assets associated with redemption of LLC Units (188) 442
TRA Obligation associated with redemption of LLC Units (199) 524
Purchases of property and equipment included in accounts payable and accrued liabilities 877 964
Change in APIC related to redemption of LLC Units $ 11 $ (82)