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BALANCE SHEET
UNAUDITED (IN THOUSANDS, EXCEPT SHARE AND PER SHARE AMOUNTS)
December 31, 2023 December 31, 2022
Assets
Current assets
Cash and cash equivalents $ 87,691 $ 45,286
Accounts receivable, net 58,360 64,557
Inventories 80,976 70,273
Prepaid expenses 11,930 10,091
Other current assets 6,886 6,811
Total current assets 245,843 197,018
Property and equipment, net 44,647 45,285
Operating lease assets 6,554 8,489
Deferred tax assets, net 4,004 2,255
Intangible assets, net 43,472 50,695
Goodwill 81,667 81,576
Other assets 4,992 6,634
Total assets $ 431,179 $ 391,952
Liabilities, Mezzanine Equity and Shareholders' Equity
Current liabilities
Accounts payable $ 28,418 $ 23,406
Accrued liabilities 44,524 38,720
Income tax payable 9,944 4,584
Current portion of long-term debt 12,320 12,211
Total current liabilities 95,206 78,921
Long-term debt 127,812 137,476
Long-term operating lease liabilities 3,186 4,965
Deferred tax liabilities 4,843 3,508
Other liabilities 2,970 1,192
Total liabilities 234,017 226,062
Mezzanine equity
Preferred stock ($0.0001 par value, 10,000,000 shares authorized, no shares issued and outstanding as of December 31, 2023 and December 31, 2022) — —
Shareholders' equity
Common stock ($0.0001 par value, 190,000,000 shares authorized, 37,587,436 and 37,332,271 shares issued and outstanding as of December 31, 2023 and December 31, 2022,
respectively) 4 4
Additional paid-in capital 212,630 206,540
Accumulated other comprehensive income 634 2,087
Accumulated deficit (16,106) (42,741)
Total shareholders’ equity 197,162 165,890
Total liabilities, mezzanine equity and shareholders' equity $ 431,179 $ 391,952 |