Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Balance Sheets (Current Period Unaudited)

v3.26.1
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 41,775 $ 36,563
Accounts receivable, net of allowance for expected credit losses of $614 and $669, respectively 306,403 324,345
Inventory, net 4,862 2,502
Prepaid expenses and other current assets 10,494 10,825
Total current assets 363,534 374,235
Equipment and leasehold improvements, net 13,688 13,339
Goodwill 42,016 36,838
Other intangibles, net 36,145 32,228
Right-of-use assets, net 1,539 1,717
Accounts receivable, net of current portion 1,252 1,233
Other assets 526 510
Deferred income tax assets 138 133
Total assets 458,838 460,233
Current liabilities:    
Accounts payable 298,360 309,670
Accrued expenses and other current liabilities 31,020 26,835
Lease liability, current portion 770 791
Term loan, current portion 0 191
Total current liabilities 330,150 337,487
Lease liability, net of current portion 1,015 1,216
Deferred income tax liabilities 5,983 4,923
Other non-current liabilities 3,260 28
Total liabilities 340,408 343,654
Commitments and contingencies
Stockholders’ equity:    
Common stock, $.01 par value; 40,000,000 shares authorized; 21,138,000 shares issued: 18,468,068 and 18,442,472 shares outstanding, respectively 53 53
Additional paid-in capital 43,326 42,338
Treasury stock, at cost, 2,669,932 and 2,695,528 shares, respectively (16,031) (14,909)
Retained earnings 90,373 87,039
Accumulated other comprehensive income 709 2,058
Total stockholders’ equity 118,430 116,579
Total liabilities and stockholders' equity $ 458,838 $ 460,233