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v3.22.2.2

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands | 9 Months Ended
--- | ---
Sep. 30, 2022 | Sep. 30, 2021
OPERATING ACTIVITIES |  |
Net (loss) income | $ (9,438) | $ 21,427
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities: |  |
Depreciation and amortization | 14,535 | 17,560
Amortization of financing costs | 1,305 | 1,309
Mark to market (gain) on interest rate derivatives | (1,990) | (664)
Non-cash lease expense | (1,055) | (1,089)
Recovery for doubtful accounts | (140) | (166)
Stock compensation expense | (3,565) | (3,973)
Undistributed losses (earnings) from equity investment, net of taxes | 7,409 | (341)
Changes in operating assets and liabilities (excluding the effects of business acquisitions) |  |
Accounts receivable | 38,765 | 659
Inventory | (3,694) | (54,117)
Prepaid expenses, other current assets and other assets | (177) | 4,733
Accounts payable, accrued expenses and other liabilities | (66,062) | 24,093
Income taxes receivable | (2,583) | 0
Income taxes payable | (525) | (2,779)
NET CASH (USED IN) PROVIDED BY OPERATING ACTIVITIES | (20,085) | 14,598
INVESTING ACTIVITIES |  |
Purchases of property and equipment | (1,975) | (3,361)
Acquisitions |  | 178
NET CASH USED IN INVESTING ACTIVITIES | (19,931) | (478)
FINANCING ACTIVITIES |  |
Payments for finance lease obligations | (24) | (71)
Payments of tax withholding for stock based compensation | (938) | (3,186)
Proceeds from the exercise of stock options | 233 | 877
Payments for Repurchase of Common Stock | (4,678) | 0
Cash dividends paid | (2,887) | (2,913)
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES | 18,427 | (41,457)
Effect of foreign exchange on cash | (463) | 56
DECREASE IN CASH AND CASH EQUIVALENTS | (22,052) | (27,281)
Cash and cash equivalents at beginning of period | 27,982 | 35,963
CASH AND CASH EQUIVALENTS AT END OF PERIOD | 5,930 | 8,682
Net (loss) income | (9,438) | 21,427
Depreciation and amortization | 14,535 | 17,560
Amortization of financing costs | 1,305 | 1,309
Mark to market gain on interest rate derivatives | 1,990 | 664
Non-cash lease expense | (1,055) | (1,089)
Recovery for doubtful accounts | (140) | (166)
Stock compensation expense | 3,565 | 3,973
Undistributed losses (earnings) from equity investment, net of taxes | 7,409 | (341)
Increase (Decrease) in Accounts Receivable | (38,765) | (659)
Increase (Decrease) in Inventories | 3,694 | 54,117
Increase (Decrease) in Prepaid Expense and Other Assets | 177 | (4,733)
Accounts payable, accrued expenses and other liabilities | (66,062) | 24,093
Income taxes payable | (525) | (2,779)
NET CASH (USED IN) PROVIDED BY OPERATING ACTIVITIES | (20,085) | 14,598
Payments to Acquire Property, Plant, and Equipment | 1,975 | 3,361
Acquisitions |  | (178)
Net Cash Provided by (Used in) Investing Activities | (19,931) | (478)
Repayments of short-term loan | (882) | 0
Payments for finance lease obligations | 24 | 71
Payments Related to Tax Withholding for Share-based Compensation | 938 | 3,186
Proceeds from the exercise of stock options | 233 | 877
Payments for stock repurchase | 4,678 | 0
Cash dividends paid | 2,887 | 2,913
Net Cash Provided by (Used in) Financing Activities | 18,427 | (41,457)
Effect of foreign exchange on cash | (463) | 56
DECREASE IN CASH AND CASH EQUIVALENTS | (22,052) | (27,281)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | 5,930 | 8,682
S'well [Member] |  |
INVESTING ACTIVITIES |  |
Acquisitions | 17,956 |
Acquisitions | (17,956) |
Revolving Credit Facility |  |
FINANCING ACTIVITIES |  |
Proceeds from revolving credit facility | 264,184 | 16,845
Proceeds from short term loan | (230,365) | (42,531)
Proceeds from revolving credit facility | 264,184 | 16,845
Repayments of Long-term Lines of Credit | 230,365 | 42,531
Term Loan |  |
FINANCING ACTIVITIES |  |
Proceeds from short term loan | (6,216) | (10,478)
Repayments of Long-term Lines of Credit | 6,216 | 10,478
Grupo Vasconia S.A.B. |  |
Proceeds from sale of shares of equity method investment | $ 0 | $ 3,061

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