Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Balance Sheets (Unaudited)

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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 32,461 $ 29,778
Accounts receivable, net of allowance for doubtful accounts of $734 and $588, respectively 240,230 341,597
Inventory, net 2,328 2,447
Prepaid expenses and other current assets 6,144 6,874
Total current assets 281,163 380,696
Equipment and leasehold improvements, net 13,264 12,853
Goodwill 35,675 34,924
Other intangibles, net 35,904 36,550
Right-of-use assets, net 1,841 1,965
Accounts receivable, net of current portion 1,183 1,174
Other assets 715 824
Deferred income tax assets 308 193
Total assets 370,053 469,179
Current liabilities:    
Accounts payable and accrued expenses 266,452 370,397
Lease liabilities, current portion 688 654
Term loan, current portion 566 560
Total current liabilities 267,706 371,611
Lease liabilities, net of current portion 1,502 1,685
Deferred income tax liabilities 4,862 4,723
Term loan, net of current portion 48 191
Other non-current liabilities 381 381
Total liabilities 274,499 378,591
Commitments and contingencies
Stockholders’ equity:    
Common stock, $.01 par value; 10,000,000 shares authorized; 5,284,500 shares issued: 4,584,055 and 4,601,302 shares outstanding, respectively 53 53
Additional paid-in capital 39,532 37,977
Treasury stock, at cost, 700,445 and 683,198 shares, respectively (14,397) (13,337)
Retained earnings 71,705 68,787
Accumulated other comprehensive loss (1,339) (2,892)
Total stockholders’ equity 95,554 90,588
Total liabilities and stockholders' equity $ 370,053 $ 469,179