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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities:    
Net income $ 15,531 $ 29,555
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation 751 937
Amortization of intangible assets 698 698
Amortization of lease right of use asset, net 1 1
Lower of cost or net realizable value inventory adjustment 322 (325)
Allowance for doubtful accounts 509 656
Value of share-based payment arrangements 1,057 403
Amortization of deferred finance costs 268 289
Loss on extinguishment of debt   4,665
Deferred tax expense 1,357 51
Changes in assets and liabilities:    
Trade accounts receivable (18,401) (24,613)
Inventories 8,047 (6,845)
Prepaid and other assets (1,493) 1,222
Income taxes payable 3,777  
Accounts payable and accrued expenses (1,758) (1,628)
Cash provided by operating activities 10,666 5,066
Cash flows from investing activities:    
Additions to property, plant, and equipment (412) (27)
Cash used in investing activities (412) (27)
Cash flows from financing activities:    
Proceeds from issuance of common stock 38 71
Excess tax benefits from exercise of stock options (2) (72)
Payment of deferred financing costs   (5,186)
Premiums paid to extinguish debt   (3,326)
Borrowing of short-term debt - net   (15,000)
Proceeds from long-term debt   100,000
Repayment of long-term debt (3,263) (79,866)
Cash used in financing activities (3,227) (3,379)
Increase in cash and cash equivalents 7,027 1,660
Cash and cash equivalents at beginning of period 5,295 3,492
Cash and cash equivalents at end of period 12,322 5,152
Supplemental disclosure of cash flow information:    
Cash paid during period for interest 1,369 2,203
Cash paid from income taxes - net $ 142 $ 4