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BALANCE SHEET
UNAUDITED (IN THOUSANDS, EXCEPT SHARE AND PER SHARE AMOUNTS)
September 30, 2024 December 31, 2023
Assets
Current assets
Cash and cash equivalents $ 92,989 $ 87,691
Accounts receivable, net of allowance for doubtful accounts of $1,317 and $635, respectively 69,432 58,360
Inventories 99,583 80,976
Prepaid expenses 15,603 11,930
Other current assets 8,305 6,886
Total current assets 285,912 245,843
Property and equipment, net of accumulated depreciation and amortization of $53,098 and $50,968, respectively 46,221 44,647
Operating lease assets 16,922 6,554
Deferred tax assets, net 3,870 4,004
Intangible assets, net 111,024 43,472
Goodwill 148,944 81,667
Other assets 3,722 4,992
Total assets $ 616,615 $ 431,179
Liabilities, Mezzanine Equity and Shareholders' Equity
Current liabilities
Accounts payable $ 27,565 $ 28,418
Accrued liabilities 47,241 44,524
Income tax payable 7,141 9,944
Current portion of long-term debt 13,134 12,320
Total current liabilities 95,081 95,206
Long-term debt 194,949 127,812
Long-term operating lease liabilities 12,032 3,186
Deferred tax liabilities 8,782 4,843
Other liabilities 5,490 2,970
Total liabilities 316,334 234,017
Mezzanine equity
Preferred stock ($0.0001 par value, 10,000,000 shares authorized, no shares issued and outstanding as of September 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 September 30, 2024 and December 31, 2023,
respectively) 4 4
Additional paid-in capital 304,707 212,630
Accumulated other comprehensive (loss) income (1,079) 634
Accumulated deficit (3,351) (16,106)
Total shareholders’ equity 300,281 197,162
Total liabilities, mezzanine equity and shareholders' equity $ 616,615 $ 431,179 |