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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
2 Months Ended 3 Months Ended 9 Months Ended 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Oct. 08, 2020
Dec. 31, 2021
Dec. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:          
Net income (loss) $ 17,366 $ (8,318) $ (15,885) $ 56,495  
Adjustments to reconcile net income (loss) to net cash and cash equivalents provided by (used in) operating activities          
Depreciation   37 76 775  
Amortization of intangible assets   3,248 2,306 17,453  
Amortization of debt issuance costs   55 719 507  
Non-cash interest expense   0 0 1,652  
Equity-based compensation   0 0 7,329  
Deferred income taxes   0 0 (3,139)  
Change in fair value of contingent consideration   19,073 0 0  
Bad debt expense   35 2 77  
Loss on the sale of property and equipment   0 0 187  
Changes in assets and liabilities          
Accounts receivable   (1,213) (1,249) (15,040)  
Inventory   (1,975) (104) (49,413)  
Prepaid expenses and other current assets   (118) (68) (8,134)  
Accounts payable   (332) 1,634 5,009  
Accrued expenses and other current liabilities   (22,789) 37,337 (6,721)  
Deferred revenue   17,876 2,335 (17,936)  
Other non-current assets and liabilities   13 (16) 653  
Net cash provided by (used in) operating activities   5,592 27,087 (10,246)  
CASH FLOWS FROM INVESTING ACTIVITIES:          
Capital expenditures   (297) (661) (10,645)  
Acquisitions, net of cash acquired   (273,144) 0 (133,308)  
Proceeds from the sale of property and equipment   0 0 64  
Net cash provided by (used in) investing activities   (273,441) (661) (143,889)  
CASH FLOWS FROM FINANCING ACTIVITIES:          
Proceeds from long-term debt   118,293 10,000 363,600  
Repayments of long-term debt   (55,000) (24,325) (306,725)  
Debt issuance costs paid   0 0 (4,234)  
Payment of contingent consideration   0 (2,080) (100,000)  
Contributions from members before Reorganization Transactions   0 700 250  
Distributions to members before Reorganization Transactions   (12,691) (3,825) (33,163)  
Proceeds from issuance of Class A common stock, net of underwriters' discounts   0 0 234,600  
Payments of initial public offering costs   0 0 (5,594)  
Payments to Noncontrolling Interests   0 0 (2,256)  
Proceeds from issuance of Class A units, net of underwriters' discounts   250,000 0 0  
Net cash provided by (used in) financing activities   300,602 (19,530) 146,478  
Effect of exchange rate changes on cash   0 0 6  
Net change in cash and cash equivalents   32,753 6,896 (7,652)  
Cash and cash equivalents balance, beginning of period   11,921 5,025 32,753 $ 5,025
Cash and cash equivalents balance, end of period $ 25,101 32,753 11,921 25,101 $ 32,753
SUPPLEMENTAL DISCLOSURES:          
Cash interest paid   1,453 991 8,222  
SUPPLEMENTAL NONCASH INVESTING AND FINANCING DISCLOSURES:          
Non-cash issuance of Class B units   4,749 0 0  
Oru Kayak, Inc.          
SUPPLEMENTAL NONCASH INVESTING AND FINANCING DISCLOSURES:          
Non-cash issuance of Class B units   0 0 16,486  
ISLE          
SUPPLEMENTAL NONCASH INVESTING AND FINANCING DISCLOSURES:          
Non-cash issuance of Class B units   0 0 16,494  
Chubbies, Inc.          
SUPPLEMENTAL NONCASH INVESTING AND FINANCING DISCLOSURES:          
Non-cash issuance of Class B units   $ 0 $ 0 $ 29,075