| Mar'20 | Dec'19 | Sep'19 | Jun'19 | Mar'19 | ||
|---|---|---|---|---|---|---|
Operating activities: | ||||||
Net income | ||||||
34,861 | 35,667 | 0 | 0 | 0 | ||
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||
Depreciation and amortization | ||||||
4,448 | 3,952 | 0 | 0 | 0 | ||
Equity-based compensation | ||||||
2,120 | 2,067 | 0 | 0 | 0 | ||
Deferred income taxes | ||||||
- | -1,613 | 0 | 0 | 0 | ||
Changes in operating assets and liabilities: | ||||||
Accounts receivable | ||||||
-6,466 | -586 | 0 | 0 | 0 | ||
Inventories | ||||||
4,352 | 15,623 | 0 | 0 | 0 | ||
Income taxes receivable | ||||||
0 | - | - | - | - | ||
Prepaid expenses and other current assets | ||||||
-8,940 | -1,662 | 0 | 0 | 0 | ||
Other assets | ||||||
-123 | -89 | 0 | 0 | 0 | ||
Accounts payable | ||||||
7,721 | 9,594 | 0 | 0 | 0 | ||
Income taxes payable | ||||||
-2,860 | -447 | 0 | 0 | 0 | ||
Accrued expenses | ||||||
-5,461 | 1,001 | 0 | 0 | 0 | ||
Returns reserve | ||||||
-16,178 | 5,920 | 0 | 0 | 0 | ||
Other current liabilities | ||||||
4,349 | 3,963 | 0 | 0 | 0 | ||
Net cash provided by operating activities | ||||||
38,214 | 46,057 | 0 | 0 | 0 | ||
Investing activities: | ||||||
Purchases of property, equipment and other | ||||||
0 | - | - | - | 0 | ||
Net cash used in investing activities | ||||||
-8,019 | -12,455 | 0 | 0 | 0 | ||
Financing activities: | ||||||
Proceeds from borrowings on line of credit | ||||||
0 | - | - | - | - | ||
Payment of deferred offering costs | ||||||
- | 1,834 | 0 | 0 | 0 | ||
Proceeds from the exercise of stock options, net | ||||||
0 | - | - | - | - | ||
Net cash provided by (used in) financing activities | ||||||
46,402 | 15,179 | 0 | 0 | 0 | ||
Effect of exchange rate changes on cash and cash equivalents | ||||||
-219 | 268 | 0 | 0 | 0 | ||
Net increase in cash and cash equivalents | ||||||
76,378 | 49,049 | 0 | 0 | 0 | ||
Supplemental disclosure of cash flow information: | ||||||
Interest | ||||||
0 | - | - | - | - | ||
Income taxes, net of refund | ||||||
0 | - | - | - | - | ||