XML 17 R6.htm IDEA: XBRL DOCUMENT v3.24.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities:    
Net income from continuing operations $ 26,682 $ 7,309
Adjustments to reconcile net income (loss) from continuing operations to net cash flows provided by operating activities from continuing operations:    
Fair value of shares received in settlement of litigation (9,300) 0
Share-based compensation 8,431 8,185
Change in deferred income taxes 7,337 0
Loss on extinguishment of debt 1,401 0
Depreciation 1,135 1,401
Amortization of intangible assets 761 380
Non-cash lease expenses 641 658
Bad debt expense 419 289
Other 507 289
Increase (decrease) in cash resulting from changes in:    
Accounts receivable 654 (6,170)
Inventory (3,604) (3,633)
Prepaid expenses 1,594 3,632
Other assets (1,464) 226
Accounts payable (1,078) 263
Accrued compensation (4,709) 77
Accrued expenses 751 239
Other liabilities (1,436) (578)
Net cash flows provided by operating activities from continuing operations 28,722 12,567
Net cash flows used in operating activities from discontinued operations (930) (8,840)
Net cash flows provided by operating activities 27,792 3,727
Cash flows from investing activities:    
Consideration paid pursuant to TELA APA (Note 12) (5,366) 0
Purchases of equipment (1,249) (932)
Patent application costs (314) (93)
Net cash flows used in investing activities (6,929) (1,025)
Cash flows from financing activities:    
Proceeds from Citizens Revolving Credit Facility 30,000 0
Proceeds from Citizens Term Loan Facility 19,783 0
Prepayment premium on Hayfin term loan (500) 0
Deferred financing cost (1,101) 0
Repayment of Hayfin term loan (50,000) 0
Repayment of Citizens Revolving Credit Facility (30,000) 0
Principal payments on Citizens Term Loan Facility (500) 0
Proceeds from exercise of stock options 1,010 20
Stock repurchased for tax withholdings on vesting of restricted stock (2,501) 0
Principal payments on finance lease (17) (20)
Net cash flows used in financing activities (33,826) 0
Net change in cash (12,963) 2,702
Cash and cash equivalents, beginning of period 82,000 65,950
Cash and cash equivalents, end of period $ 69,037 $ 68,652