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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
CURRENT ASSETS    
Cash and cash equivalents $ 2,929 $ 16,189
Accounts receivable, less allowances of $14,093 at December 31, 2024 and $15,952 at December 31, 2023 156,743 155,180
Inventory 202,408 188,647
Prepaid expenses and other current assets 11,488 16,339
TOTAL CURRENT ASSETS 373,568 376,355
PROPERTY AND EQUIPMENT, net 15,049 16,970
OPERATING LEASE RIGHT-OF-USE ASSETS 59,571 69,756
INVESTMENTS 0 1,826
INTANGIBLE ASSETS, net 183,527 199,133
OTHER ASSETS 2,595 3,102
TOTAL ASSETS 634,310 667,142
CURRENT LIABILITIES    
Current maturity of term loan 4,891 4,742
Accounts payable 60,029 54,154
Accrued expenses 70,848 78,356
Income taxes payable 830 641
Current portion of operating lease liabilities 15,145 14,075
TOTAL CURRENT LIABILITIES 151,743 151,968
OTHER LONG-TERM LIABILITIES 15,955 9,126
INCOME TAXES PAYABLE, LONG-TERM 706 1,493
OPERATING LEASE LIABILITIES 56,740 70,009
DEFERRED INCOME TAXES 5,601 7,438
REVOLVING CREDIT FACILITY 42,693 60,395
TERM LOAN 130,949 135,834
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, 2024 and 2023; shares issued and outstanding: 22,155,735 at December 31, 2024 and 21,813,266 at December 31, 2023 222 218
Paid-in capital 280,566 277,728
Accumulated deficit (32,550) (13,568)
Accumulated other comprehensive loss (18,315) (33,499)
TOTAL STOCKHOLDERS’ EQUITY 229,923 230,879 [1]
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 634,310 $ 667,142
[1] Cash dividend declared per share of common stock, were $0.17, $0.17 and $0.17 in 2022, 2023 and 2024, respectively.