v3.24.0.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
CURRENT ASSETS:    
Cash and cash equivalents $ 4,470 $ 5,719
Trade receivables – net 77,028 94,953
Contract receivables 927 0
Other receivables 1,933 908
Inventories – net 169,201 235,400
Income tax receivable 1,253 0
Prepaid expenses 3,361 4,067
Total current assets 258,173 341,047
LEASED ASSETS 7,809 11,014
PROPERTY, PLANT & EQUIPMENT – net 51,976 57,359
GOODWILL [1] 47,844 50,246
IDENTIFIED INTANGIBLES – net 112,618 121,782
OTHER ASSETS 965 942
TOTAL ASSETS 479,385 582,390
CURRENT LIABILITIES:    
Accounts payable 49,840 69,686
Contract liabilities 927 0
Current Portion of Long-Term Debt 2,650 3,250
Accrued expenses:    
Salaries and wages 1,204 1,253
Taxes – other 925 1,325
Accrued freight 2,284 2,413
Commissions 904 1,934
Accrued duty 5,440 6,764
Accrued interest 2,104 2,822
Income tax payable 0 1,172
Other 5,251 5,675
Total current liabilities 71,529 96,294
Long-term debt 170,480 253,646
LONG-TERM TAXES PAYABLE 169 169
LONG-TERM LEASE 5,461 8,216
DEFERRED INCOME TAXES 7,475 8,006
DEFERRED LIABILITIES 716 586
TOTAL LIABILITIES 255,830 366,917
SHAREHOLDERS' EQUITY:    
Common stock, no par value; 25,000,000 shares authorized; issued and outstanding December 31, 2023 - 7,412,480; December 31, 2022 - 7,339,011 71,973 69,752
Retained earnings 151,582 145,721
Total shareholders' equity 223,555 215,473
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 479,385 $ 582,390
[1] As of December 31, 2023, goodwill allocated to our Wholesale and Retail reporting segments was $23.0 million and $24.8 million, respectively. As of December 31, 2022, goodwill allocated to our Wholesale and Retail reporting segments was $25.4 million and $24.8 million, respectively. No goodwill was allocated to our contract manufacturing segment for either period presented.

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