Cash Flow

v3.22.2.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Dec. 31, 2021
Operating activities:          
Net income $ 377 $ 12,101 $ 8,338 $ 26,150  
Adjustments to reconcile net income to net cash provided by operating activities:          
Depreciation and amortization 2,930 2,572 8,571 7,766  
Stock-based compensation     2,791 2,442  
CARES Act loan forgiveness       (18,529)  
Amortization of debt issuance costs     279 321  
Deferred taxes     217 1,504  
Loss on early debt extinguishment   600   600 $ 600
Changes in operating assets and liabilities:          
Accounts receivable     2,971 (2,611)  
Inventory     (1,073) (516)  
Other current assets     1,380 (811)  
Security deposits     48 7  
Other assets     (494) (348)  
Accounts payable     (841) 2,314  
Accrued expenses     (7,784) 5,454  
Operating lease liabilities and right-of-use assets     2,607 1,045  
Deferred gift card and license revenue     (674) (1,758)  
Net cash provided by operating activities     16,336 23,030  
Investing activities:          
Purchase of property and equipment     (21,309) (8,112)  
Net cash used in investing activities     (21,309) (8,112)  
Financing activities:          
Borrowings of long-term debt     5,000    
Repayments of long-term debt     (375) (22,633)  
Debt issuance costs       (866)  
Exercise of stock options and warrants     28 3,577  
Tax-withholding obligation on stock-based compensation     (1,953) (154)  
Purchase of common stock     (3,503) (37)  
Purchase of non-controlling interests       (75)  
Net cash used in financing activities     (803) (20,188)  
Effect of exchange rate changes on cash     (361) (37)  
Net decrease in cash and cash equivalents     (6,137) (5,307)  
Cash and cash equivalents, beginning of period     23,614 24,385 24,385
Cash and cash equivalents, end of period $ 17,477 $ 19,078 17,477 19,078 $ 23,614
Supplemental disclosure of cash flow data:          
Interest paid, net of capitalized interest     1,056 3,118  
Income taxes paid     293 53  
Non-cash CARES Act loan forgiveness       $ 18,529  
Accrued purchases of property and equipment     $ 4,355    

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