| Mar'20 | Dec'19 | Sep'19 | Jun'19 | Mar'19 | Dec'18 | Sep'18 | Jun'18 | Mar'18 |
|---|---|---|---|---|---|---|---|---|
Cash Flows from Operating Activities: | ||||||||
Net income | ||||||||
8,480 | 4,742 | 21,302 | 22,223 | 2,167 | 25,169 | 17,030 | 18,825 | -3,261 |
Adjustments to reconcile net income to cash provided by (used in) operating activities: | ||||||||
Depreciation and amortization | ||||||||
7,662 | 7,739 | 7,419 | 7,262 | 6,539 | 6,559 | 6,333 | 6,182 | 5,703 |
Amortization of deferred financing fees | ||||||||
240 | 495 | 561 | 559 | 574 | 651 | 1,318 | 720 | 736 |
Stock-based compensation | ||||||||
1,855 | 41,933 | 2,113 | 4,281 | 4,005 | 3,216 | 2,923 | 4,098 | 3,010 |
Deferred income taxes | ||||||||
4,541 | 5,741 | 3,564 | 4,435 | 1,875 | 1,310 | -1,801 | 2,260 | 457 |
Other | ||||||||
-1,794 | - | - | - | 0 | - | - | - | - |
Impairment of long-lived assets | ||||||||
0 | 76 | 443 | 3 | 94 | - | - | - | - |
Changes in operating assets and liabilities: | ||||||||
Accounts receivable, net | ||||||||
-21,525 | 7,854 | -3,859 | 12,767 | 3,178 | -2,478 | -3,539 | 5,053 | -6,711 |
Inventory | ||||||||
17,875 | -23,595 | 27,911 | 17,014 | 19,211 | -12,210 | 8,312 | -9,151 | -16,534 |
Other current assets | ||||||||
242 | 5,722 | -4,440 | -2,296 | 7,812 | 1,985 | -1,173 | 892 | 3,385 |
Accounts payable and accrued expenses | ||||||||
-21,285 | -10,078 | -675 | 15,671 | 1,696 | 4,479 | 10,846 | 26,591 | 1,824 |
Taxes payable | ||||||||
-1,977 | 455 | 1,099 | 1,477 | -6,132 | 223 | 2,857 | -5,300 | -3,656 |
Other | ||||||||
912 | 1,430 | -578 | -11,382 | 10,659 | -599 | 703 | -1,171 | -627 |
Net cash provided by (used in) operating activities | ||||||||
3,806 | 60,335 | 16,792 | 39,808 | -30,042 | 57,234 | 35,203 | 58,331 | 25,300 |
Cash Flows from Investing Activities: | ||||||||
Purchases of property and equipment | ||||||||
1,785 | 7,828 | 7,463 | 8,406 | 8,380 | 7,521 | 6,272 | 4,862 | 2,205 |
Additions of intangibles, net | ||||||||
2,006 | 1,623 | 1,777 | 1,778 | 11,436 | 275 | 3,028 | 4,795 | 2,929 |
Net cash used in investing activities | ||||||||
-3,791 | -9,451 | -9,240 | -10,184 | -19,816 | -7,796 | -9,300 | -9,492 | -5,134 |
Cash Flows from Financing Activities: | ||||||||
Changes in revolving line of credit | ||||||||
50,000 | - | - | - | 0 | - | - | - | - |
Repayments of long-term debt | ||||||||
3,750 | 0 | 11,125 | 12,625 | 11,125 | 61,125 | 41,388 | 37,887 | 11,388 |
Proceeds from employee stock transactions | ||||||||
165 | 853 | 644 | 2,064 | 0 | 209 | 0 | 0 | 53 |
Taxes paid in connection with employee stock transactions | ||||||||
704 | - | - | - | 0 | 0 | 0 | 0 | 57 |
Cash paid for repurchase of common stock | ||||||||
- | - | - | - | - | 0 | 0 | 0 | 1,967 |
Options Dividends | ||||||||
- | - | - | - | - | 0 | 2,427 | 0 | 96 |
Finance lease principal payment | ||||||||
45 | - | - | - | 0 | - | - | - | - |
Net cash provided by (used in) financing activities | ||||||||
45,666 | -12,884 | -11,117 | -10,561 | -11,125 | -21,518 | -45,130 | -37,887 | -13,455 |
Effect of exchange rate changes on cash | ||||||||
- | - | - | - | - | - | - | -14 | 43 |
Non-cash Investing Activities: | ||||||||
Effect of exchange rate changes on cash | ||||||||
23 | - | - | - | -60 | - | - | - | - |
Net increase (decrease) in cash | ||||||||
45,704 | 37,958 | -3,466 | 19,015 | -61,043 | 27,951 | -19,242 | 10,938 | 6,754 |
Supplemental disclosure of cash flow information | ||||||||
Change in accrual for property and equipment | ||||||||
1,816 | - | 189 | -816 | 966 | - | -602 | 1,404 | -501 |