v3.21.2
Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash Flows From Operating Activities:    
Net income (loss) $ 12,047 $ (1,524)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation of property and equipment 4,336 3,405
Amortization of other intangible assets 5,971 2,290
Amortization of debt issuance costs 335 230
(Gain) loss on disposition of assets (2) 32
Noncash lease expense 1,507 563
Stock-based compensation 6,414 5,433
Deferred income taxes (7,006) (885)
Changes in operating assets and liabilities, net of acquisition:    
Accounts receivable (13,079) (541)
Inventories (25,181) 9,477
Prepaid and other assets (5,912) (971)
Accounts payable and accrued liabilities 3,558 3,530
Income taxes (89) 9
Net cash provided by (used in) operating activities (17,101) 21,048
Cash Flows From Investing Activities:    
Purchase of business, net of cash received (135,627)  
Deposit for business acquisition   (30,500)
Proceeds from disposition of property and equipment 25 327
Purchase of property and equipment (5,579) (3,606)
Net cash provided by (used in) investing activities (141,181) (33,779)
Cash Flows From Financing Activities:    
Proceeds from revolving credit facilities 87,703 49,265
Repayments on revolving credit facilities (37,871) (50,014)
Repayments of financing and capital leases (5,814) (1,000)
Proceeds from issuance of long-term debt 109,154 20,000
Payment of debt issuance costs (722) (44)
Purchase of treasury stock (651) (1,520)
Proceeds from exercise of stock options 1,652 862
Cash dividends paid (2,410) (744)
Proceeds from the sale of common stock   11,476
Common stock issuance costs   (325)
Net cash provided by (used in) financing activities 151,041 27,956
Effect of foreign exchange rates on cash (378) 99
Change in cash (7,619) 15,324
Cash, beginning of period 17,789 1,703
Cash, end of period 10,170 17,027
Supplemental Disclosure of Cash Flow Information:    
Cash paid (received) for income taxes 353 418
Cash paid for interest 1,389 624
Supplemental Disclosures of Non-Cash Investing and Financing Activities:    
Stock issued for acquisitions 55,333  
Contingent consideration for acquisition 3,564  
Property and equipment purchased with accounts payable 57 286
Unpaid debt issuance costs 270 150
Lease liabilities arising from obtaining right of use assets $ 6,421 499
Stock dividends   $ 1,533

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