v3.22.1
Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash Flows From Operating Activities:    
Net income $ 5,309 $ 5,677
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation of property and equipment 1,832 1,356
Amortization of other intangible assets 4,120 1,197
Amortization of debt issuance costs 170 82
Loss on disposition of property and equipment 9  
Noncash lease expense 694 331
Contingent consideration expense 754  
Stock-based compensation 3,367 1,524
Deferred income taxes 524 (697)
Changes in operating assets and liabilities:    
Accounts receivable 437 66
Inventories (23,137) (2,388)
Prepaid and other assets (856) (5,730)
Accounts payable (2,101) (3,224)
Accrued liabilities 820 (1,229)
Income taxes (2,737) 517
Net cash used in operating activities (10,795) (2,518)
Cash Flows From Investing Activities:    
Purchases of property and equipment (1,900) (1,347)
Net cash used in investing activities (1,900) (1,347)
Cash Flows From Financing Activities:    
Proceeds from revolving credit facilities 25,670 11,637
Repayments on revolving credit facilities (13,689) (16,565)
Repayments on term loans (1,613) (1,000)
Purchase of treasury stock (1,097) (651)
Proceeds from exercise of stock options 126 166
Cash dividends paid (930) (783)
Net cash provided by (used in) financing activities 8,467 (7,196)
Effect of foreign exchange rates on cash 1,214 (203)
Change in cash (3,014) (11,264)
Cash, beginning of year 19,465 17,789
Cash, end of period 16,451 6,525
Supplemental Disclosure of Cash Flow Information:    
Cash paid income taxes 3,844 75
Cash paid for interest 926 161
Supplemental Disclosures of Non-Cash Investing and Financing Activities:    
Property and equipment purchased with accounts payable 425 293
Lease liabilities arising from obtaining right of use assets $ 1,164 $ 3,539

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