v3.22.2.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash Flows From Operating Activities:    
Net (loss) income $ (779) $ 8,373
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation and amortization 11,319 10,426
Amortization of original issue discount and debt issue costs 554 2,483
Amortization of inventory step-up 3,055  
Loss on extinguishment of debt   15,155
Deferred income taxes (2,755) 1,533
Stock-based compensation 28,988  
Provision for (recoveries from) losses on accounts receivable 245 (254)
Foreign exchange loss 3,006 45
Changes in operating assets and liabilities, net of impact of acquisitions:    
Accounts receivable (3,271) 1,549
Inventories (7,187) (10,261)
Prepaid expenses and other assets 986 (4,642)
Accounts payable and other liabilities (4,660) 6,582
Net cash provided by operating activities 29,501 30,989
Cash Flows From Investing Activities:    
Purchase of property and equipment (2,938) (2,225)
Business acquisitions, net of cash acquired (55,039)  
Net cash used in investing activities (57,977) (2,225)
Cash Flows From Financing Activities:    
Proceeds from revolving credit facilities 43,000 248,000
Principal payments on revolving credit facilities (43,000) (223,132)
Proceeds from term loans   198,735
Principal payments on term loans (7,514) (224,547)
Proceeds from insurance premium financing 3,989 4,269
Principal payments on insurance premium financing (3,878) (2,611)
Payment of capital leases (26) (32)
Payments for debt issuance costs   (2,830)
Payments on extinguishment of debt   (4,215)
Taxes paid in connection with employee stock transactions (6,216)  
Proceeds from secondary offering, net of underwriter discounts 56,329  
Deferred offering costs (2,953)  
Dividends distributed (8,521) (9,996)
Net cash provided by (used in) financing activities 31,210 (16,359)
Effect of foreign exchange rates on cash and cash equivalents (241) (3)
Change in cash and cash equivalents 2,493 12,402
Cash and cash equivalents, beginning of period 33,857 2,873
Cash and cash equivalents, end of period 36,350 15,275
Supplemental Disclosure of Cash Flows Information:    
Cash paid for income taxes, net 710 695
Cash paid for interest 3,860 $ 8,524
Supplemental Disclosure of Non-Cash Investing and Financing Activities:    
Accruals and accounts payable for capital expenditures $ 272  

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