Annual report [Section 13 and 15(d), not S-K Item 405]

Consolidated Balance Sheets

v3.25.4
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 69,358 $ 29,505
Receivables, net 190,732 158,104
Contract assets 41,468 29,960
Inventories 553,834 434,059
Prepaid expenses and other current assets 37,937 30,899
Current assets held-for-sale 0 282,820
Total current assets 893,329 965,347
Noncurrent assets:    
Property and equipment, net 91,098 71,041
Intangible assets, net 295,962 197,157
Goodwill 641,242 428,263
Operating lease right-of-use assets 50,151 43,225
Note receivable 27,041 0
Other assets 29,755 37,597
Total assets 2,028,578 1,742,630
Current liabilities:    
Current portion of long-term debt 7,500 30,000
Accounts payable 154,506 145,492
Accrued expenses and other current liabilities 73,161 52,749
Dividends payable 2,339 2,059
Current liabilities held-for-sale 0 68,200
Total current liabilities 237,506 298,500
Noncurrent liabilities:    
Long-term debt, less current portion 285,304 400,173
Deferred compensation 5,918 7,262
Long-term operating lease obligations 43,693 39,498
Deferred tax liabilities 12,394 0
Other long-term liabilities 4,955 9,011
Total liabilities 589,770 754,444
Commitments and contingencies (Note 13)
Stockholders' equity:    
Common stock, par value $0.05 per share, authorized 44,000,000 shares; issued and outstanding 23,398,046 and 20,590,496 respectively 1,170 1,030
Additional paid-in capital 1,041,483 591,600
Retained earnings 395,643 392,484
Accumulated other comprehensive income 512 3,072
Total stockholders' equity 1,438,808 988,186
Total liabilities and stockholders' equity $ 2,028,578 $ 1,742,630