v3.22.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash Flows From Operating Activities:    
Net (loss) income $ (10,165) $ 6,864
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 3,544 3,539
Amortization of original issue discount and debt issue costs 111 677
Deferred income taxes (6,951) 3,319
Stock-based compensation 23,588  
(Recoveries from) provision for losses on accounts receivable 45 (91)
Foreign exchange loss 253 109
Changes in operating assets and liabilities, net of impact of acquisition:    
Accounts receivable (1,693) (5,626)
Inventories (2,956) (2,496)
Prepaid expenses and other assets 3,158 (141)
Accounts payable and other liabilities (18) 10,678
Net cash provided by operating activities 8,916 16,832
Cash Flows From Investing Activities:    
Purchase of property and equipment (950) (788)
Business acquisition, net of cash acquired (19,787)  
Net cash used in investing activities (20,737) (788)
Cash Flows From Financing Activities:    
Proceeds from revolving credit facilities   88,593
Principal payments on revolving credit facilities   (88,593)
Principal payments on term loans (2,506) (566)
Principal payments on insurance premium financing (1,474) (917)
Payment of capital leases (11) (7)
Taxes paid in connection with employee stock transactions (6,216)  
Dividends distributed (2,750)  
Net cash used in financing activities (12,957) (1,490)
Effect of foreign exchange rates on cash and cash equivalents 798 13
Change in cash and cash equivalents (23,980) 14,567
Cash and cash equivalents, beginning of period 33,857 2,873
Cash and cash equivalents, end of period 9,877 17,440
Supplemental Disclosure of Cash Flows Information:    
Cash (received) paid for income taxes, net (100) 15
Cash paid for interest 1,282 $ 4,292
Supplemental Disclosure of Non-Cash Investing and Financing Activities:    
Accruals and accounts payable for capital expenditures $ 119  

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