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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:    
Net income $ 69,365 $ 10,201
Adjustments to reconcile net income to cash provided by (used in) operating activities:    
Depreciation 1,726 1,694
Amortization of intangible assets 1,397 1,397
Lower of cost or net realizable value reserve (1,155) (1,752)
Allowance for doubtful accounts 1,207 53
Stock compensation expense 583 370
Amortization of deferred finance costs 2,004 558
Loss on extinguishment of debt 4,665  
Deferred tax expense (1,602) 117
Changes in assets and liabilities:    
Trade accounts receivable (30,727) (23,562)
Inventories (23,366) (2,039)
Prepaid and other assets 1,677 (5,031)
Lease obligations 15  
Income taxes receivable   429
Accounts payable and accrued expenses 8,078 9,135
Cash provided by (used in) operating activities 33,867 (8,430)
Cash flows from investing activities:    
Additions to property, plant, and equipment (820) (418)
Cash used in investing activities (820) (418)
Cash flows from financing activities:    
Proceeds from issuance of common stock 123  
Excess tax benefits from exercise of stock options (73)  
Payment of deferred financing cost (8,512)  
Borrowing of short-term debt - net (15,000) 12,000
Proceeds from long-term debt 100,000  
Repayment of long-term debt (92,395) (2,627)
Cash (used in) provided by financing activities (15,857) 9,373
Increase in cash and cash equivalents 17,190 525
Cash and cash equivalents at beginning of period 3,492 1,348
Cash and cash equivalents at end of period 20,682 1,873
Supplemental Disclosure of Cash Flow Information:    
Cash paid during period for interest 7,911 5,059
Cash paid (refund) for income taxes - net $ 5,908 $ (278)