Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.23.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 43,869 $ 20,245
Accounts receivable, net of allowance for doubtful accounts of $736 and $842, respectively 130,027 154,596
Inventory, net 3,228 4,766
Vendor prepayments and advances   890
Prepaid expenses and other current assets 7,651 4,141
Total current assets 184,775 184,638
Equipment and leasehold improvements, net 6,262 3,515
Goodwill 19,637 18,963
Other intangibles, net 19,423 19,693
Right-of-use assets, net 1,040 1,235
Accounts receivable-long-term, net 1,259 3,114
Other assets 868 350
Deferred income tax assets 434 348
Total assets 233,698 231,856
Current liabilities:    
Accounts payable and accrued expenses 157,471 160,650
Lease liability, current portion 471 521
Term loan, current portion 530 520
Total current liabilities 158,472 161,691
Lease liability, net of current portion 1,087 1,296
Deferred income tax liabilities 4,290 4,137
Term loan, net of current portion 1,024 1,292
Non-current liabilities 1,843 2,866
Total liabilities 166,716 171,282
Commitments and contingencies
Stockholders' equity:    
Common stock, $.01 par value; 10,000,000 shares authorized; 5,284,500 shares issued: 4,568,914 and 4,478,432 shares outstanding, respectively 53 53
Additional paid-in capital 33,476 32,715
Treasury stock, at cost, 715,586 and 806,068 shares, respectively (12,402) (13,230)
Retained earnings 47,106 43,904
Accumulated other comprehensive loss (1,251) (2,868)
Total stockholders' equity 66,982 60,574
Total liabilities and stockholders' equity $ 233,698 $ 231,856