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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
CURRENT ASSETS    
Cash and cash equivalents $ 10,375 $ 2,929
Accounts receivable, less allowances of $13,861 at March 31, 2025 and $14,093 at December 31, 2024 105,710 156,743
Inventory 210,053 202,408
Prepaid expenses and other current assets 14,467 11,488
TOTAL CURRENT ASSETS 340,605 373,568
PROPERTY AND EQUIPMENT, net 15,481 15,049
OPERATING LEASE RIGHT-OF-USE ASSETS 56,914 59,571
INTANGIBLE ASSETS, net 179,197 183,527
OTHER ASSETS 2,396 2,595
TOTAL ASSETS 594,593 634,310
CURRENT LIABILITIES    
Current maturity of term loan 4,926 4,891
Accounts payable 45,524 60,029
Accrued expenses 57,839 70,848
Income taxes payable 491 830
Current portion of operating lease liabilities 15,403 15,145
TOTAL CURRENT LIABILITIES 124,183 151,743
OTHER LONG-TERM LIABILITIES 16,023 15,955
INCOME TAXES PAYABLE, LONG-TERM 706 706
OPERATING LEASE LIABILITIES 53,305 56,740
DEFERRED INCOME TAXES 5,665 5,601
REVOLVING CREDIT FACILITY 39,328 42,693
TERM LOAN 129,707 130,949
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 March 31, 2025 and December 31, 2024; shares issued and outstanding: 22,414,005 at March 31, 2025 and 22,155,735 at December 31, 2024 224 222
Paid-in capital 281,211 280,566
Accumulated deficit (37,736) (32,550)
Accumulated other comprehensive loss (18,023) (18,315)
TOTAL STOCKHOLDERS’ EQUITY 225,676 [1] 229,923
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 594,593 $ 634,310
[1] Cash dividends declared per share of common stock were $0.0425 and $0.0425 in the three months ended March 31, 2025 and 2024, respectively.