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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Operating activities:    
Net income $ 10,873 $ 14,172
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 1,343 1,218
Equity-based compensation 2,559 1,278
Changes in operating assets and liabilities:    
Accounts receivable (2,524) (2,659)
Inventories 1,748 25,072
Income taxes receivable 1,625 1,996
Prepaid expenses and other current assets (13,032) (4,925)
Other assets (226) (442)
Accounts payable 8,179 (1,690)
Income taxes payable 1,248 2,368
Accrued expenses 7,765 (2,747)
Returns reserve 20,616 10,544
Right-of-use lease assets and current and non-current lease liabilities (128) 534
Other current liabilities (1,655) 4,110
Net cash provided by operating activities 38,391 48,829
Investing activities:    
Purchases of property and equipment (1,735) (1,148)
Net cash used in investing activities (1,735) (1,148)
Financing activities:    
Proceeds from the exercise of stock options, net of tax withholdings on share-based payment awards (145) 161
Repurchases of Class A common stock (8,119)  
Net cash (used in) provided by financing activities (8,264) 161
Effect of exchange rate changes on cash and cash equivalents (425) 755
Net increase in cash and cash equivalents 27,967 48,597
Cash and cash equivalents, beginning of period 245,449 234,724
Cash and cash equivalents, end of period 273,416 283,321
Supplemental disclosure of cash flow information:    
Income taxes, net of refund 1,599 255
Operating leases 2,254 1,795
Supplemental disclosure of non-cash activities:    
Lease assets obtained in exchange for new operating lease liabilities $ 1,994 $ 20,452