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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 102,512 $ 122,559
Restricted cash 3,962 947
Accounts receivable, net 80,383 83,517
Inventories, net 136,164 156,016
Income taxes receivable 3,226 5,173
Prepaid expenses 13,424 16,999
Other current assets 4,780 5,611
Total current assets 344,451 390,822
Property and equipment, net 61,479 45,075
Deferred tax assets, net 1,607 868
Investment at cost 2,250 11,250
Right of use assets, net 77,150 84,161
Other noncurrent assets 12,110 9,919
Total assets 499,047 542,095
Current liabilities:    
Accounts payable 206,588 207,147
Accrued liabilities 43,014 51,003
Deferred revenue 25,614 31,028
Line of credit 7,330 6,056
Current portion of long-term debt 268 269
Lease liabilities – current 13,730 14,265
Total current liabilities 296,544 309,768
Long-term debt, less current portion 1,110 1,404
Income taxes payable 1,981 739
Lease liabilities – noncurrent 68,126 74,838
Other liabilities 1,894 124
Total liabilities 369,655 386,873
Commitments and contingencies (Note 16)
Stockholders’ Equity    
Common Stock, $0.021848 par value; unlimited shares authorized; 380,413 and 376,660 shares issued and outstanding as of December 31, 2023 and 2022, respectively 8,312 8,230
Additional paid-in capital 266,774 232,776
Notes receivable – related party (15,189) (15,189)
Accumulated other comprehensive income 194 1,114
Accumulated deficit (130,699) (71,709)
Total stockholders’ equity 129,392 155,222
Total liabilities and stockholders’ equity $ 499,047 $ 542,095