v3.22.2
Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash Flows From Operating Activities:    
Net income $ 9,073 $ 7,517
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation of property and equipment 3,709 2,705
Amortization of other intangible assets 8,057 2,394
Amortization of debt issuance costs 361 162
Loss (gain) on disposition of property and equipment 18 (8)
Noncash lease expense 1,652 698
Contingent consideration expense 365  
Stock-based compensation 6,922 3,350
Deferred income taxes 276 (710)
Changes in operating assets and liabilities:    
Accounts receivable (11,825) (1,243)
Inventories (26,237) (14,874)
Prepaid and other assets (380) (6,575)
Accounts payable 5,288 2,434
Accrued liabilities (443) 4,375
Income taxes (3,112) 137
Net cash provided by (used in) operating activities (6,276) 362
Cash Flows From Investing Activities:    
Proceeds from disposition of property and equipment 298 25
Purchases of property and equipment (4,072) (3,225)
Net cash provided by (used in) investing activities (3,774) (3,200)
Cash Flows From Financing Activities:    
Proceeds from revolving credit facilities 61,933 15,217
Repayments on revolving credit facilities (54,961) (20,684)
Repayments on term loans (123,542) (2,000)
Proceeds from issuance of term loans 125,000  
Payment of debt issuance costs (1,210)  
Purchase of treasury stock (1,097) (651)
Proceeds from exercise of stock options 668 1,652
Cash dividends paid (1,861) (1,565)
Net cash provided by (used in) financing activities 4,930 (8,031)
Effect of foreign exchange rates on cash (457) (138)
Change in cash (5,577) (11,007)
Cash, beginning of year 19,465 17,789
Cash, end of period 13,888 6,782
Supplemental Disclosure of Cash Flow Information:    
Cash paid income taxes 5,492 353
Cash paid for interest 2,339 309
Supplemental Disclosures of Non-Cash Investing and Financing Activities:    
Property and equipment purchased with accounts payable 607 236
Unpaid debt issuance costs 175 217
Lease liabilities arising from obtaining right of use assets $ 1,324 $ 3,933

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