v3.22.2.2
Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash Flows From Operating Activities:    
Net income $ 11,824 $ 12,047
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation of property and equipment 5,800 4,336
Amortization of other intangible assets 11,740 5,971
Amortization of debt issuance costs 593 335
Loss (gain) on disposition of property and equipment (41) (2)
Noncash lease expense 2,412 1,507
Contingent consideration expense 468  
Stock-based compensation 9,142 6,414
Deferred income taxes (410) (7,006)
Changes in operating assets and liabilities:    
Accounts receivable (24,941) (13,079)
Inventories (30,243) (25,181)
Prepaid and other assets (2,126) (5,912)
Accounts payable 4,662 1,358
Accrued liabilities (2,756) 2,200
Income taxes (3,870) (89)
Net cash provided by (used in) operating activities (17,746) (17,101)
Cash Flows From Investing Activities:    
Purchase of business, net of cash received   (135,627)
Proceeds from disposition of property and equipment 438 25
Purchases of property and equipment (6,216) (5,579)
Net cash provided by (used in) investing activities (5,778) (141,181)
Cash Flows From Financing Activities:    
Proceeds from revolving credit facilities 98,991 87,703
Repayments on revolving credit facilities (72,804) (37,871)
Repayments on term loans (125,191) (5,814)
Proceeds from issuance of term loans 125,000 109,154
Payment of debt issuance costs (1,385) (722)
Purchase of treasury stock (8,267) (651)
Proceeds from exercise of stock options 2,721 1,652
Cash dividends paid (2,795) (2,410)
Payment of contingent consideration (943)  
Net cash provided by (used in) financing activities 15,327 151,041
Effect of foreign exchange rates on cash (903) (378)
Change in cash (9,100) (7,619)
Cash, beginning of year 19,465 17,789
Cash, end of period 10,365 10,170
Supplemental Disclosure of Cash Flow Information:    
Cash paid income taxes 7,155 353
Cash paid for interest 4,107 1,389
Supplemental Disclosures of Non-Cash Investing and Financing Activities:    
Stock issued for business acquisitions 2,261 55,333
Contingent consideration for business acquisition   3,564
Property and equipment purchased with accounts payable 127 57
Unpaid debt issuance costs   270
Lease liabilities arising from obtaining right of use assets $ 1,324 $ 6,421

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