| Mar'20 | Dec'19 | Sep'19 | Jun'19 | Mar'19 | ||
|---|---|---|---|---|---|---|
Operating activities: | ||||||
Net income | ||||||
4,156 | 8,405 | 9,559 | 12,741 | 4,962 | ||
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||
Depreciation and amortization | ||||||
1,191 | 1,236 | 1,132 | 889 | 695 | ||
Equity-based compensation | ||||||
564 | 522 | 513 | 521 | 511 | ||
Deferred income taxes | ||||||
- | 1,803 | -1,175 | -1,625 | -616 | ||
Changes in operating assets and liabilities: | ||||||
Accounts receivable | ||||||
-1,730 | -849 | -2,773 | -1,114 | 4,150 | ||
Inventories | ||||||
-2,888 | 83 | 2,356 | 4,801 | 8,383 | ||
Income taxes receivable | ||||||
205 | - | - | - | - | ||
Prepaid expenses and other current assets | ||||||
-5,878 | -1,628 | -305 | -1,129 | 1,400 | ||
Other assets | ||||||
-33 | -27 | -26 | -37 | 1 | ||
Accounts payable | ||||||
8,994 | 4,001 | -3,875 | -1,399 | 10,867 | ||
Income taxes payable | ||||||
-72 | -36 | -375 | -2,377 | 2,341 | ||
Accrued expenses | ||||||
-3,947 | -1,707 | -429 | 622 | 2,515 | ||
Returns reserve | ||||||
-14,129 | -2,365 | 1,114 | -798 | 7,969 | ||
Other current liabilities | ||||||
1,000 | 692 | 809 | 1,848 | 614 | ||
Net cash provided by operating activities | ||||||
8,081 | 14,224 | 9,150 | 6,759 | 15,924 | ||
Investing activities: | ||||||
Purchases of property, equipment and other | ||||||
551 | - | - | - | 4,987 | ||
Net cash used in investing activities | ||||||
-551 | -998 | -1,702 | -4,768 | -4,987 | ||
Financing activities: | ||||||
Proceeds from borrowings on line of credit | ||||||
30,000 | - | - | - | - | ||
Payment of deferred offering costs | ||||||
- | 137 | 971 | 478 | 248 | ||
Proceeds from the exercise of stock options, net | ||||||
975 | - | - | - | - | ||
Net cash provided by (used in) financing activities | ||||||
30,975 | 612 | -968 | 15,783 | -248 | ||
Effect of exchange rate changes on cash and cash equivalents | ||||||
-344 | 435 | -180 | -130 | 143 | ||
Net increase in cash and cash equivalents | ||||||
38,161 | 14,273 | 6,300 | 17,644 | 10,832 | ||
Supplemental disclosure of cash flow information: | ||||||
Interest | ||||||
25 | - | - | - | - | ||
Income taxes, net of refund | ||||||
101 | - | - | - | - | ||