Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current Assets    
Cash and cash equivalents $ 28,676 $ 28,296
Accounts receivable (net of allowances of $1,614 and $1,285, respectively) 66,653 69,590
Inventories 218,975 212,930
Prepaid expenses and other current assets 10,530 7,585
Total current assets 324,834 318,401
Property, Plant and Equipment, net 58,092 58,503
Other Assets    
Operating lease right-of-use assets 18,238 26,444
Goodwill 193,139 242,661
Other intangible assets, net 245,376 266,939
Deferred tax assets, net 539 1,993
Other assets 8,785 7,638
Total Assets 849,003 922,579
Current Liabilities    
Accounts payable 47,002 55,182
Accrued expenses and other current liabilities 27,488 30,733
Contingent consideration payable 0 54,113
Current portion of operating lease liabilities 8,804 7,950
Current portion of long-term debt 3,750 3,750
Total current liabilities 87,044 151,728
Non-Current Liabilities    
Long-term debt 432,172 383,484
Warrant liabilities 216 2,053
Deferred tax liabilities, net 32,585 35,090
Operating lease liabilities, less current portion 12,664 22,575
Other liabilities 9,771 13,778
Total Liabilities 574,452 608,708
Commitments and Contingencies (Note 10) 0 0
Stockholders’ Equity    
Preferred shares, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding 0 0
Common stock, $0.0001 par value; 220,000,000 shares authorized; 41,994,355 and 38,871,646 shares issued and outstanding at December 31, 2022 and December 31, 2021, respectively 4 4
Additional paid-in capital 360,777 330,616
Accumulated deficit (85,188) (26,436)
Accumulated other comprehensive (loss) income (1,042) 9,687
Total stockholders’ equity 274,551 313,871
Total Liabilities and Stockholders’ Equity $ 849,003 $ 922,579