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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities        
Net income (loss) $ (3,701) $ 9,189 $ (9,639) $ 5,450
Adjustments to reconcile net loss to net cash used in operating activities:        
Depreciation and amortization expense 1,786 1,812 3,583 3,632
Asset impairment charges     100  
Amortization of deferred finance costs included in interest expense       156
Stock-based compensation     122 517
Provision for doubtful accounts       90
Undistributed proportional share of net loss of equity method investee     1,030  
Loss on early extinguishment of debt   2,324   2,324
Deferred income tax (benefit) provision       1,384
Gain on sale of majority interest in Isaac Mizrahi brand   (20,608)   (20,608)
Gain on sale of limited partner ownership interest (351)   (351)  
Gain on settlement of lease liability (445)   (445)  
Changes in operating assets and liabilities:        
Accounts receivable     (1,768) (1,741)
Inventory     2,047 (100)
Prepaid expenses and other current and non-current assets     863 8
Deferred revenue     5,041 347
Accounts payable, accrued expenses, accrued payroll, accrued income taxes payable, and other current liabilities     (1,637) 205
Lease-related assets and liabilities     (417) (159)
Other liabilities       (224)
Net cash used in operating activities     (1,471) (8,719)
Cash flows from investing activities        
Net proceeds from sale of majority interest in Isaac Mizrahi brand       45,408
Net proceeds from sale of assets     451  
Purchase of property and equipment     (81) (85)
Net cash provided by (used in) investing activities     370 45,323
Cash flows from financing activities        
Shares repurchased including vested restricted stock in exchange for withholding taxes       (442)
Payment of long-term debt       (29,000)
Payment of prepayment, breakage and other fees associated with early extinguishment of long-term debt       (1,511)
Net cash (used in) provided by financing activities       (30,953)
Net (decrease) increase in cash and cash equivalents     (1,101) 5,651
Cash and cash equivalents at beginning of period     4,608 5,222
Cash and cash equivalents at end of period 3,507 10,873 3,507 10,873
Reconciliation to amounts on consolidated balance sheets:        
Cash and cash equivalents 3,507   3,507  
Total cash, cash equivalents, and restricted cash $ 3,507 $ 10,873 3,507 10,873
Supplemental disclosure of cash flow information:        
Cash paid during the period for interest       $ 1,032
Cash paid during the period for income taxes     $ 16