Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.23.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current Assets    
Cash and cash equivalents $ 24,114 $ 28,676
Accounts receivable (net of allowances of $1,845 and $1,614, respectively) 70,475 66,653
Inventories 217,047 218,975
Prepaid expenses and other current assets 7,716 10,530
Total current assets 319,352 324,834
Property, Plant and Equipment, net 55,302 58,092
Other Assets    
Operating lease right-of-use assets 23,499 18,238
Goodwill 194,595 193,139
Other intangible assets, net 237,149 245,376
Deferred tax assets, net 473 539
Other assets 9,742 8,785
Total Assets 840,112 849,003
Current Liabilities    
Accounts payable 53,258 47,002
Accrued expenses and other current liabilities 30,322 27,488
Current portion of operating lease liabilities 8,737 8,804
Current portion of long-term debt 3,750 3,750
Total current liabilities 96,067 87,044
Non-Current Liabilities    
Long-term debt 427,035 432,172
Deferred tax liabilities, net 33,452 32,585
Operating lease liabilities, less current portion 17,565 12,664
Other liabilities 10,158 9,987
Total Liabilities 584,277 574,452
Commitments and Contingencies (Note 8) 0 0
Stockholders’ Equity    
Preferred shares, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding at June 30, 2023 and December 31, 2022 0 0
Common stock, $0.0001 par value; 220,000,000 shares authorized; 42,462,895 and 41,994,355 shares issued and outstanding at June 30, 2023 and December 31, 2022, respectively 4 4
Additional paid-in capital 364,698 360,777
Accumulated deficit (110,502) (85,188)
Accumulated other comprehensive income (loss) 1,635 (1,042)
Total stockholders’ equity 255,835 274,551
Total Liabilities and Stockholders’ Equity $ 840,112 $ 849,003