Quarterly report pursuant to Section 13 or 15(d)

Unaudited Consolidated Balance Sheets

v3.23.1
Unaudited Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 532 $ 478
Receivables (net of allowance of $2.4 million and $2.1 million, respectively) 113,512 103,193
Unbilled receivables 35,884 38,307
Inventories 416,667 380,707
Other current assets 24,169 26,193
Total current assets 590,764 548,878
Noncurrent assets:    
Property and equipment (net of accumulated depreciation of $75.5 million and $73.2 million, respectively) 49,533 47,969
Intangible assets (net of accumulated amortization of $128.7 million and $124.3 million, respectively) 90,064 90,624
Goodwill 253,580 248,837
Operating lease - right-of-use assets 33,284 34,412
Other assets 27,178 29,069
Total assets 1,044,403 999,789
Current liabilities:    
Current portion of long-term debt 10,000 10,000
Accounts payable 141,851 159,600
Accrued expenses and other current liabilities 44,302 53,722
Dividends payable 1,289 1,282
Total current liabilities 197,442 224,604
Noncurrent liabilities:    
Long-term debt, less current portion 341,855 276,300
Deferred compensation 7,551 7,398
Long-term operating lease obligations 30,743 32,340
Deferred tax liabilities 9,497 9,621
Total liabilities 587,088 550,263
Commitments and contingencies (Note 7)
Stockholders' equity:    
Common stock, par value $0.05 per share, authorized 23,000,000 shares; issued and outstanding 12,885,937 and 12,816,613, respectively 644 641
Additional paid-in capital 94,577 92,620
Retained earnings 359,124 351,297
Accumulated other comprehensive income 2,970 4,968
Total stockholders' equity 457,315 449,526
Total liabilities and stockholders' equity $ 1,044,403 $ 999,789