| 15
BALANCE SHEET
UNAUDITED (IN THOUSANDS, EXCEPT SHARE AND PER SHARE AMOUNTS)
June 30, 2023 December 31, 2022
Assets
Current assets
Cash and cash equivalents $ 55,782 $ 45,286
Accounts receivable, net of allowance for doubtful accounts of $800 and $924, respectively 57,361 64,557
Inventories 82,777 70,273
Prepaid expenses 10,009 10,091
Other current assets 6,406 6,811
Total current assets 212,335 197,018
Property and equipment, net of accumulated depreciation and amortization of $47,046 and $42,694, respectively 44,531 45,285
Operating lease assets 6,657 8,489
Deferred tax assets, net 2,351 2,255
Intangible assets, net 46,919 50,695
Goodwill 81,560 81,576
Other assets 5,566 6,634
Total assets $ 399,919 $ 391,952
Liabilities, Mezzanine Equity and Shareholders' Equity
Current liabilities
Accounts payable $ 29,640 $ 23,406
Accrued liabilities 34,480 38,720
Income tax payable 4,279 4,584
Liabilities held for sale — —
Current portion of long-term debt 10,022 12,211
Total current liabilities 78,421 78,921
Long-term debt 132,712 137,476
Long-term operating lease liabilities 3,211 4,965
Deferred tax liabilities 3,759 3,508
Other liabilities 1,314 1,192
Total liabilities 219,417 226,062
Mezzanine equity
Preferred stock ($0.0001 par value, 10,000,000 shares authorized, no shares issued and outstanding as of June 30, 2023 and December 31, 2022) — —
Shareholders' equity
Common stock ($0.0001 par value, 190,000,000 shares authorized, 37,586,031 and 37,332,271 shares issued and outstanding as of June 30, 2023 and December 31, 2022,
respectively) 4 4
Additional paid-in capital 208,492 206,540
Accumulated other comprehensive income 2,746 2,087
Accumulated deficit (30,740) (42,741)
Total shareholders’ equity 180,502 165,890
Total liabilities, mezzanine equity and shareholders' equity $ 399,919 $ 391,952 |