XML 18 R8.htm IDEA: XBRL DOCUMENT v3.24.2.u1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
OPERATING ACTIVITIES    
Net loss $ (24,427) $ (15,325)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 9,833 9,795
Amortization of financing costs 1,471 975
Mark to market loss on interest rate derivatives 256 37
Non-cash lease adjustment (965) (1,255)
(Recovery) provision for doubtful accounts (287) 1,528
Deferred income taxes 144 0
Stock compensation expense 1,844 1,872
Equity in losses, net of taxes 2,092 8,640
Gain on extinguishments of debt, net 0 1,520
Debt and Equity Securities, Gain (Loss) 14,152 0
Changes in operating assets and liabilities    
Accounts receivable 42,712 25,524
Inventory (20,184) 11,492
Prepaid expenses, other current assets and other assets 1,687 1,563
Accounts payable, accrued expenses and other liabilities (3,213) (10,989)
Income taxes receivable (3,546) (3,049)
Income taxes payable (639) (245)
NET CASH PROVIDED BY OPERATING ACTIVITIES 20,930 28,993
INVESTING ACTIVITIES    
Purchases of property and equipment (1,098) (993)
NET CASH USED IN INVESTING ACTIVITIES (1,098) (993)
FINANCING ACTIVITIES    
Payments of Financing Costs 0 433
Payments for finance lease obligations (14) (14)
Payments of tax withholding for stock based compensation (1,083) (537)
Payments for stock repurchase 0 (2,539)
Cash dividends paid (1,977) (1,907)
NET CASH USED IN FINANCING ACTIVITIES (32,546) (36,464)
Effect of foreign exchange on cash (79) (12)
DECREASE IN CASH AND CASH EQUIVALENTS (12,793) (8,476)
Cash and cash equivalents at beginning of period 16,189 23,598
CASH AND CASH EQUIVALENTS AT END OF PERIOD 3,396 15,122
S'well [Member]    
Adjustments to reconcile net loss to net cash provided by operating activities:    
Contingent consideration fair value adjustments 0 (50)
Revolving Credit Facility    
FINANCING ACTIVITIES    
Proceeds from revolving credit facility 74,207 30,378
Repayments of Long-Term Lines of Credit (101,804) (16,546)
Term Loan    
Adjustments to reconcile net loss to net cash provided by operating activities:    
Gain on extinguishments of debt, net 0 (1,520)
FINANCING ACTIVITIES    
Repayments of Long-Term Lines of Credit $ (1,875) $ (44,866)