XML 15 R6.htm IDEA: XBRL DOCUMENT v3.23.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities:    
Net loss $ (10,350) $ (2,933)
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 1,605 1,671
Amortization of acquisition related intangible assets 1,946 1,946
Non-cash operating lease cost 542 403
Stock-based compensation expense 3,717 2,545
Deferred income taxes (2,373) (273)
Provision for credit losses 24 5
Provision for inventory 629 586
Changes in operating assets and liabilities:    
Accounts receivable 4,057 383
Inventories (3,063) (602)
Prepaid expenses, other current and long-term assets (462) (1,189)
Accounts payable (713) (473)
Operating lease liabilities (523) (387)
Accrued expenses, other current and long-term liabilities 665 (2,929)
Income taxes 681 (622)
Net cash used in operating activities (3,618) (1,869)
Cash flows from investing activities:    
Purchases of property and equipment (1,389) (1,326)
Net cash used in investing activities (1,389) (1,326)
Cash flows from financing activities:    
Cash paid for tax withheld on vested restricted stock awards (1,620) (846)
Proceeds from exercises of equity awards 7 15
Payments made on finance leases 0 (31)
Net cash used in financing activities (1,613) (862)
Exchange rate impact on cash 30 (4)
Decrease in cash and cash equivalents (6,590) (4,061)
Cash and cash equivalents at beginning of period 86,327 94,386
Cash and cash equivalents at end of period 79,737 90,325
Supplemental disclosure of cash flow information:    
Purchases of property and equipment included in accounts payable and accrued expenses $ 729 $ 728