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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
CURRENT ASSETS:    
Cash and cash equivalents $ 5,719 $ 5,909
Trade receivables – net 94,953 126,807
Contract receivables 0 1,062
Other receivables 908 242
Inventories – net 235,400 232,464
Income tax receivable 0 4,294
Prepaid expenses 4,067 4,507
Total current assets 341,047 375,285
LEASED ASSETS 11,014 11,428
PROPERTY, PLANT & EQUIPMENT – net 57,359 59,989
GOODWILL 50,246 50,641
IDENTIFIED INTANGIBLES – net 121,782 126,315
OTHER ASSETS 942 917
TOTAL ASSETS 582,390 624,575
CURRENT LIABILITIES:    
Accounts payable 69,686 114,632
Contract liabilities 0 1,062
Current Portion of Long-Term Debt 3,250 3,250
Accrued expenses:    
Salaries and wages 1,253 3,668
Taxes – other 1,325 849
Accrued freight 2,413 1,798
Commissions 1,934 2,447
Accrued duty 6,764 5,469
Accrued interest 2,822 2,133
Income tax payable 1,172 0
Other 5,675 4,828
Total current liabilities 96,294 140,136
Long-term debt 253,646 266,794
LONG-TERM TAXES PAYABLE 169 169
LONG-TERM LEASE 8,216 8,809
DEFERRED INCOME TAXES 8,006 10,293
DEFERRED LIABILITIES 586 519
TOTAL LIABILITIES 366,917 426,720
SHAREHOLDERS' EQUITY:    
Common stock, no par value; 25,000,000 shares authorized; issued and outstanding December 31, 2022 - 7,339,011; December 31, 2021 - 7,302,199 69,752 68,061
Retained earnings 145,721 129,794
Total shareholders' equity 215,473 197,855
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 582,390 $ 624,575