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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
CURRENT ASSETS    
Cash and cash equivalents $ 12,045 $ 2,929
Accounts receivable, less allowances of $15,005 at June 30, 2025 and $14,093 at December 31, 2024 89,554 156,743
Inventory 218,208 202,408
Prepaid expenses and other current assets 12,138 11,488
Income taxes receivable 5,036 0
TOTAL CURRENT ASSETS 336,981 373,568
PROPERTY AND EQUIPMENT, net 15,952 15,049
OPERATING LEASE RIGHT-OF-USE ASSETS 55,363 59,571
INTANGIBLE ASSETS, net 141,657 183,527
OTHER ASSETS 1,924 2,595
TOTAL ASSETS 551,877 634,310
CURRENT LIABILITIES    
Current maturity of term loan 4,952 4,891
Accounts payable 52,528 60,029
Accrued expenses 53,419 70,848
Income taxes payable 0 830
Current portion of operating lease liabilities 16,027 15,145
TOTAL CURRENT LIABILITIES 126,926 151,743
OTHER LONG-TERM LIABILITIES 15,947 15,955
INCOME TAXES PAYABLE, LONG-TERM 706 706
OPERATING LEASE LIABILITIES 50,604 56,740
DEFERRED INCOME TAXES 5,787 5,601
REVOLVING CREDIT FACILITY 37,683 42,693
TERM LOAN 128,456 130,949
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 June 30, 2025 and December 31, 2024; shares issued and outstanding: 22,657,435 at June 30, 2025 and 22,155,735 at December 31, 2024 227 222
Paid-in capital 282,252 280,566
Accumulated deficit (78,426) (32,550)
Accumulated other comprehensive loss (18,285) (18,315)
TOTAL STOCKHOLDERS’ EQUITY 185,768 229,923
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 551,877 $ 634,310