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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities:    
Net income $ 98,721 $ 26,071
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation 2,455 2,540
Amortization of intangible assets 2,095 2,095
Forgiveness of Payroll Protection Program loan   (2,475)
Lower of cost or net realizable value reserve (1,155) (2,024)
Allowance for doubtful accounts 1,711 23
Stock compensation expense 830 509
Amortization of deferred finance costs 2,152 841
Loss on extinguishment of debt 4,665  
Deferred tax expense (814) 175
Changes in assets and liabilities:    
Trade accounts receivable (26,156) (12,348)
Inventories (24,860) (12,305)
Prepaid and other assets (9,990) (4,771)
Lease obligations 16 5
Income taxes receivable   1,039
Accounts payable and accrued expenses 10,346 8,649
Cash provided by operating activities 60,016 8,024
Cash flows from investing activities:    
Additions to property, plant, and equipment (1,715) (665)
Cash used in investing activities (1,715) (665)
Cash flows from financing activities:    
Proceeds from issuance of common stock 182 82
Excess tax benefits from exercise of stock options (83) (346)
Payment of deferred financing cost (8,512)  
Borrowing of short-term debt - net   5,000
Proceeds from long-term debt 100,000  
Repayment of long-term debt (138,331) (3,940)
Cash (used in) provided by financing activities (46,744) 796
Increase in cash and cash equivalents 11,557 8,155
Cash and cash equivalents at beginning of period 3,492 1,348
Cash and cash equivalents at end of period 15,049 9,503
Supplemental Disclosure of Cash Flow Information:    
Cash paid during period for interest 10,100 7,635
Cash paid (refund) for income taxes - net $ 9,791 $ (278)