Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.21.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 33,747 $ 29,348
Accounts receivable, net of allowances of $910 and $892, respectively 95,412 93,821
Inventory, net 4,190 4,936
Vendor prepayments and advances 7,531 1,235
Prepaid expenses and other current assets 3,777 3,837
Total current assets 144,657 133,177
Equipment and leasehold improvements, net 2,275 2,308
Goodwill 17,457 16,816
Other intangibles, net 10,753 10,625
Right-of-use assets, net 1,856 1,933
Accounts receivable-long-term, net 135 304
Other assets 510 257
Deferred income tax assets 67 113
Total assets 177,710 165,533
Current liabilities:    
Accounts payable and accrued expenses 126,832 116,692
Lease liability, current portion 505 490
Total current liabilities 127,337 117,182
Lease liability, net of current portion 2,051 2,167
Deferred income tax liabilities 1,573 1,467
Total liabilities 130,961 120,816
Commitments and contingencies
Stockholders' equity:    
Common stock, $.01 par value; 10,000,000 shares authorized; 5,284,500 shares issued: 4,411,197 and 4,361,997 shares outstanding, respectively 53 53
Additional paid-in capital 31,358 31,962
Treasury stock, at cost, 873,303 and 922,503 shares, respectively (13,921) (14,747)
Retained earnings 28,961 28,191
Accumulated other comprehensive income (loss) 298 (742)
Total stockholders' equity 46,749 44,717
Total liabilities and stockholders' equity $ 177,710 $ 165,533