Balance Sheet

v3.25.3

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Sep. 30, 2025	Dec. 31, 2024
Current assets:
Cash and cash equivalents	$ 49,842	$ 29,778
Accounts receivable, net of allowance for doubtful accounts of $666 and $588, respectively	224,471	341,597
Inventory, net	3,187	2,447
Prepaid expenses and other current assets	10,016	6,874
Total current assets	287,516	380,696
Equipment and leasehold improvements, net	13,485	12,853
Goodwill	36,777	34,924
Other intangibles, net	33,765	36,550
Right-of-use assets, net	1,881	1,965
Accounts receivable, net of current portion	878	1,174
Other assets	585	824
Deferred income tax assets	1,204	193
Total assets	376,091	469,179
Current liabilities:
Accounts payable and accrued expenses	258,990	370,397
Lease liability, current portion	798	654
Term loan, current portion	334	560
Total current liabilities	260,122	371,611
Lease liability, net of current portion	1,405	1,685
Deferred income tax liabilities	4,921	4,723
Term loan, net of current portion	0	191
Other non-current liabilities	381	381
Total liabilities	266,829	378,591
Commitments and contingencies
Stockholders’ equity:
Common stock, $.01 par value; 10,000,000 shares authorized; 5,284,500 shares issued: 4,613,446 and 4,601,302 shares outstanding, respectively	53	53
Additional paid-in capital	41,136	37,977
Treasury stock, at cost, 671,054 and 683,198 shares, respectively	(14,588)	(13,337)
Retained earnings	80,829	68,787
Accumulated other comprehensive income (loss)	1,832	(2,892)
Total stockholders’ equity	109,262	90,588
Total liabilities and stockholders' equity	$ 376,091	$ 469,179

- Definition

Sum of the carrying values as of the balance sheet date of obligations incurred through that date and due within one year (or the operating cycle, if longer), including liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received, taxes, interest, rent and utilities, accrued salaries and bonuses, payroll taxes and fringe benefits.

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