v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities    
Net income $ 8,854 $ 9,650
Adjustments to reconcile net income to net cash and cash equivalents provided by operating activities:    
Depreciation and amortization expense 4,063 3,720
Provision for doubtful accounts 93 66
Deferred income tax benefit (396) (409)
Share-based compensation expense 2,929 2,496
Gain on disposal of fixed assets 0 (5)
Amortization of discount on accounts receivable (38) (23)
Amortization of right-of-use assets 324 279
Change in fair value of contingent earn-out consideration (0) 515
Accounts receivable 31,561 61,608
Inventory (2,157) (748)
Prepaid expenses and other current assets (698) (2,270)
Accounts payable and accrued expenses (14,414) (68,471)
Lease liability, net (410) (319)
Other assets and liabilities 2,484 173
Net cash and cash equivalents provided by operating activities 32,195 6,262
Cash flows from investing activities    
Purchases of property and equipment (939) (1,401)
Payment for acquisition, net of cash acquired (8,228) 0
Net cash and cash equivalents used in investing activities (9,167) (1,401)
Cash flows from financing activities    
Purchase of treasury stock (1,639) (1,423)
Borrowings under credit facilities 9,000 0
Repayments of borrowings under credit facilities (10,079) 0
Repayments of borrowings under term loan (145) (278)
Dividends paid 0 (1,533)
Contingent consideration paid 0 (3,559)
Net cash and cash equivalents used in financing activities (2,863) (6,793)
Effect of foreign exchange rate on cash and cash equivalents (165) 741
Net increase in cash and cash equivalents 20,000 (1,191)
Cash and cash equivalents at beginning of period 36,563 29,778
Cash and cash equivalents at end of period 56,563 28,587
Supplementary disclosure of cash flow information:    
Income taxes paid 5,119 5,136
Interest paid $ 97 $ 53