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BALANCE SHEET
UNAUDITED (IN THOUSANDS, EXCEPT SHARE AND PER SHARE AMOUNTS)
June 30, 2024 December 31, 2023
Assets
Current assets
Cash and cash equivalents $ 105,903 $ 87,691
Accounts receivable, net of allowance for doubtful accounts of $1,349 and $635, respectively 72,685 58,360
Inventories 95,637 80,976
Prepaid expenses 9,751 11,930
Other current assets 11,014 6,886
Total current assets 294,990 245,843
Property and equipment, net of accumulated depreciation and amortization of $51,186 and $50,968, respectively 46,718 44,647
Operating lease assets 9,624 6,554
Deferred tax assets, net 3,835 4,004
Intangible assets, net 112,229 43,472
Goodwill 148,141 81,667
Other assets 5,095 4,992
Total assets $ 620,632 $ 431,179
Liabilities, Mezzanine Equity and Shareholders' Equity
Current liabilities
Accounts payable $ 31,489 $ 28,418
Accrued liabilities 46,645 44,524
Income tax payable 1,788 9,944
Current portion of long-term debt 13,128 12,320
Total current liabilities 93,050 95,206
Long-term debt 198,233 127,812
Long-term operating lease liabilities 6,062 3,186
Deferred tax liabilities 18,852 4,843
Other liabilities 5,055 2,970
Total liabilities 321,252 234,017
Mezzanine equity
Preferred stock ($0.0001 par value, 10,000,000 shares authorized, no shares issued and outstanding as of June 30, 2024 and December 31, 2023) — —
Shareholders' equity
Common stock ($0.0001 par value, 190,000,000 shares authorized, 40,607,988 and 37,587,436 shares issued and outstanding as of June 30, 2024 and December 31, 2023,
respectively) 4 4
Additional paid-in capital 302,603 212,630
Accumulated other comprehensive income 226 634
Accumulated deficit (3,453) (16,106)
Total shareholders’ equity 299,380 197,162
Total liabilities, mezzanine equity and shareholders' equity $ 620,632 $ 431,179 |
