Annual report [Section 13 and 15(d), not S-K Item 405]

Condensed Consolidated Balance Sheets

v3.25.4
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 36,563 $ 29,778
Accounts receivable, net of allowance for expected credit losses of $669 and $588, respectively 324,345 341,597
Inventory, net 2,502 2,447
Prepaid expenses and other current assets 10,825 6,874
Total current assets 374,235 380,696
Equipment and leasehold improvements, net 13,339 12,853
Goodwill 36,838 34,924
Other intangibles, net 32,228 36,550
Right-of-use assets, net 1,717 1,965
Accounts receivable, net of current portion 1,233 1,174
Other assets 510 824
Deferred income tax assets 133 193
Total assets 460,233 469,179
Current liabilities:    
Accounts payable and accrued expenses 336,505 370,397
Lease liability, current portion 791 654
Term loan, current portion 191 560
Total current liabilities 337,487 371,611
Lease liability, net of current portion 1,216 1,685
Deferred income tax liabilities 4,923 4,723
Term loan, net of current portion 0 191
Non-current liabilities 28 381
Total liabilities 343,654 378,591
Commitments and contingencies
Stockholders’ equity:    
Common stock, $.01 par value; 10,000,000 shares authorized; 5,284,500 shares issued: 4,610,618 and 4,601,302 shares outstanding, respectively 53 53
Additional paid-in capital 42,338 37,977
Treasury stock, at cost, 673,882 and 683,198 shares, respectively (14,909) (13,337)
Retained earnings 87,039 68,787
Accumulated other comprehensive loss 2,058 (2,892)
Total stockholders’ equity 116,579 90,588
Total liabilities and stockholders' equity $ 460,233 $ 469,179