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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
CURRENT ASSETS    
Cash and cash equivalents $ 23,598 $ 27,982
Accounts receivable, less allowances of $14,606 at December 31, 2022 and $16,544 at December 31, 2021 141,195 175,076
Inventory 222,209 270,516
Prepaid expenses and other current assets 13,254 11,499
TOTAL CURRENT ASSETS 400,256 485,073
PROPERTY AND EQUIPMENT, net 18,022 20,748
OPERATING LEASE RIGHT-OF-USE ASSETS 74,869 86,487
INVESTMENTS 12,516 22,295
INTANGIBLE ASSETS, net 213,887 212,678
OTHER ASSETS 6,338 1,793
TOTAL ASSETS 725,888 829,074
CURRENT LIABILITIES    
Current maturity of term loan 0 5,771
Accounts payable 38,052 82,573
Accrued expenses 77,602 112,741
Income taxes payable 224 604
Current portion of operating lease liabilities 14,028 12,612
TOTAL CURRENT LIABILITIES 129,906 214,301
OTHER LONG-TERM LIABILITIES 14,995 12,116
INCOME TAXES PAYABLE, LONG-TERM 1,591 1,472
OPERATING LEASE LIABILITIES 76,420 90,824
DEFERRED INCOME TAXES 9,607 12,842
REVOLVING CREDIT FACILITY 10,424 0
TERM LOAN 242,857 241,873
STOCKHOLDERS’ EQUITY    
Preferred stock, $1.00 par value, shares authorized: 100 shares of Series A and 2,000,000 shares of Series B; none issued and outstanding 0 0
Common stock, $0.01 par value, shares authorized: 50,000,000 at December 31, 2022 and 2021; shares issued and outstanding: 21,779,799 at December 31, 2022 and 22,018,016 at December 31, 2021 218 220
Paid-in capital 274,579 271,556
Retained earnings 1,145 17,419
Accumulated other comprehensive loss (35,854) (33,549)
TOTAL STOCKHOLDERS’ EQUITY 240,088 255,646
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 725,888 $ 829,074