Quarterly report [Sections 13 or 15(d)]

Consolidated Balance Sheets (Unaudited)

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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 16,906 $ 29,505
Receivables (net of allowance of $4.8 million and $4.1 million, respectively) 183,208 158,104
Contract assets 34,043 29,960
Inventories 463,216 434,059
Prepaid expenses and other current assets 56,246 30,899
Current assets held-for-sale 0 282,820
Total current assets 753,619 965,347
Noncurrent assets:    
Property and equipment (net of accumulated depreciation of $27.1 million and $21.3 million, respectively) 80,243 71,041
Intangible assets (net of accumulated amortization of $86.8 million and $82.7 million, respectively) 208,536 197,157
Goodwill 428,665 428,263
Operating lease right-of-use assets 43,748 43,225
Note receivable 25,000 [1] 0
Earn-out receivable 23,300 0
Other assets 38,916 37,597
Total assets 1,602,027 1,742,630
Current liabilities:    
Current portion of long-term debt 7,500 30,000
Accounts payable 140,465 145,492
Accrued expenses and other current liabilities 52,012 52,749
Dividends payable 2,068 2,059
Current liabilities held-for-sale 0 68,200
Total current liabilities 202,045 298,500
Noncurrent liabilities:    
Long-term debt, less current portion 371,656 400,173
Deferred compensation 7,540 7,262
Long-term operating lease obligations 38,259 39,498
Other long-term liabilities 3,000 9,011
Total liabilities 622,500 754,444
Commitments and contingencies (Note 8)
Stockholders' equity:    
Common stock, par value $0.05 per share, authorized 44,000,000 shares; issued and outstanding 20,676,320 and 20,590,496, respectively 1,034 1,030
Additional paid-in capital 595,001 591,600
Retained earnings 382,572 392,484
Accumulated other comprehensive income 920 3,072
Total stockholders' equity 979,527 988,186
Total liabilities and stockholders' equity $ 1,602,027 $ 1,742,630
[1]
(a) The cash flows related to discontinued operations and held-for-sale assets and liabilities have not been segregated, and remain included in the major classes of assets and liabilities. Accordingly, the Consolidated Statements of Cash Flows include the results of continuing and discontinued operations. See Note (3) "Discontinued Operations".