v3.23.3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash Flows From Operating Activities:    
Net (loss) income $ (1,757) $ 11,824
Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities:    
Depreciation of property and equipment 5,675 5,800
Amortization of other intangible assets 9,560 11,740
Amortization of debt issuance costs 696 593
Gain on disposition of property and equipment (43) (41)
Noncash lease expense 2,290 2,412
Contingent consideration (benefit) expense (1,565) 468
Stock-based compensation 4,037 9,142
Deferred income taxes (2,509) (410)
Changes in operating assets and liabilities:    
Accounts receivable (6,247) (24,941)
Inventories 5,408 (30,243)
Prepaid and other assets 3,239 (2,126)
Accounts payable 2,165 4,662
Accrued liabilities (3,589) (2,756)
Income taxes 68 (3,870)
Net cash provided by (used in) operating activities 17,428 (17,746)
Cash Flows From Investing Activities:    
Proceeds from disposition of property and equipment 196 438
Purchase of intangible assets (250)  
Purchases of property and equipment (4,495) (6,216)
Net cash used in investing activities (4,549) (5,778)
Cash Flows From Financing Activities:    
Proceeds from revolving credit facilities 29,195 98,991
Repayments on revolving credit facilities (37,836) (72,804)
Repayments on term loans (7,967) (125,191)
Proceeds from issuance of term loans   125,000
Payment of debt issuance costs   (1,385)
Purchase of treasury stock (222) (8,267)
Proceeds from exercise of options 3,435 2,721
Cash dividends paid (2,796) (2,795)
Payment of contingent consideration   (943)
Net cash (used in) provided by financing activities (16,191) 15,327
Effect of foreign exchange rates on cash (725) (903)
Change in cash (4,037) (9,100)
Cash, beginning of year 12,061 19,465
Cash, end of period 8,024 10,365
Supplemental Disclosure of Cash Flow Information:    
Cash paid for income taxes 1,831 7,155
Cash paid for interest 7,736 4,107
Supplemental Disclosures of Non-Cash Investing and Financing Activities:    
Shares issued for business acquisitions 2,067 2,261
Property and equipment purchased with accounts payable 232 127
Intangible assets purchased with accounts payable 250  
Lease liabilities arising from obtaining right of use assets $ 4,211 $ 1,324

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