Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements Of Cash Flows

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Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash Flows From Operating Activities:    
Net income $ 1,598 $ 5,309
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation of property and equipment 1,791 1,832
Amortization of other intangible assets 3,276 4,120
Amortization of debt issuance costs 232 170
Loss (gain) on disposition of property and equipment 5 9
Noncash lease expense 690 694
Contingent consideration expense (1,565) 754
Stock-based compensation 1,334 3,367
Deferred income taxes (105) 524
Changes in operating assets and liabilities:    
Accounts receivable (2,797) 437
Inventories 1,341 (23,137)
Prepaid and other assets (153) (856)
Accounts payable 90 (2,101)
Accrued liabilities (2,612) 820
Income taxes 74 (2,737)
Net cash provided by (used in) operating activities 3,199 (10,795)
Cash Flows From Investing Activities:    
Proceeds from disposition of property and equipment 88  
Purchases of property and equipment (1,471) (1,900)
Net cash provided by (used in) investing activities (1,383) (1,900)
Cash Flows From Financing Activities:    
Proceeds from revolving credit facilities 11,731 25,670
Repayments on revolving credit facilities (12,153) (13,689)
Repayments on term loans (1,668) (1,613)
Purchase of treasury stock (118) (1,097)
Proceeds from exercise of stock options   126
Cash dividends paid (930) (930)
Net cash provided by (used in) financing activities (3,138) 8,467
Effect of foreign exchange rates on cash (429) 1,214
Change in cash (1,751) (3,014)
Cash, beginning of year 12,061 19,465
Cash, end of period 10,310 16,451
Supplemental Disclosure of Cash Flow Information:    
Cash paid income taxes 350 3,844
Cash paid for interest 2,586 926
Supplemental Disclosures of Non-Cash Investing and Financing Activities:    
Property and equipment purchased with accounts payable 202 425
Lease liabilities arising from obtaining right of use assets $ 3,941 $ 1,164