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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities:      
Net income $ 52,247 $ 103,801 $ 32,259
Adjustments to reconcile net income to cash provided by (used in) operating activities:      
Depreciation 2,989 3,184 3,387
Amortization of intangible assets 2,793 2,793 2,793
Impairment of long lived assets 2,120    
Forgiveness of Payroll Protection Program loan     (2,475)
Lower of cost or net realizable value inventory adjustment (2,259) 1,837 (2,806)
Allowance for doubtful accounts 659 474 44
Amortization of deferred finance cost 726 1,086 1,125
Loss on extinguishment of debt 3,427 4,665  
Share based compensation 2,306 922 511
Deferred tax expense 4,314 (1,449) 337
Changes in assets and liabilities:      
Trade accounts receivable (4,957) (7,123) (4,461)
Inventories (6,814) (53,070) (46,878)
Prepaid and other assets (3,182) 1,782 (2,120)
Lease obligations   17 4
Income taxes receivable/payable (5,277) (630) 674
Accounts payable and accrued expenses 9,455 4,526 16,378
Cash provided by (used in) operating activities 58,547 62,815 (1,228)
Cash flows from investing activities:      
Additions to property, plant, and equipment (3,580) (3,659) (1,922)
Cash used in investing activities (3,580) (3,659) (1,922)
Cash flows from financing activities:      
Net proceeds from issuances of common stock and exercises of stock options 39 182 201
Excess tax benefits from exercise of stock options (694) (969) (2,655)
Payment of deferred financing cost   (8,512)  
Borrowing of short-term debt - net     13,000
Proceeds from long term debt   100,000  
Repayment of long-term debt (47,161) (148,054) (5,252)
Cash (used in) provided by financing activities (47,816) (57,353) 5,294
Increase in cash and cash equivalents 7,151 1,803 2,144
Cash and cash equivalents at beginning of period 5,295 3,492 1,348
Cash and cash equivalents at end of period 12,446 5,295 3,492
Supplemental disclosure of cash flow information:      
Cash paid during period for interest 4,475 11,702 10,157
Cash paid for income taxes 18,536 $ 15,460 $ 128
Property and equipment included in accrued expenses and other current liabilities $ 337