XML 35 R22.htm IDEA: XBRL DOCUMENT v3.24.2.u1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 6 Months Ended
Jun. 30, 2024
Accounting Policies [Abstract]  
Schedule of Net Income for Purposes of Determining Basic and Diluted EPS Applicable to Common Shares Net income for purposes of determining basic and diluted EPS applicable to common shares was as follows:
Three Months EndedSix Months Ended
June 30,June 30,
2024202320242023
Net income$54,178 $38,089 $88,978 $72,830 
Income attributable to participating securities(1,355)(1,043)(2,256)(1,973)
Net income available to common stockholders$52,823 $37,046 $86,722 $70,857 
Schedule of Basic and Diluted EPS
Basic and diluted EPS were calculated using the following common shares:
Three Months EndedSix Months Ended
June 30,June 30,
2024202320242023
Weighted-average shares for basic EPS153,740,654 153,214,347 153,595,959 153,114,197 
Incremental shares related to stock options and non-vested restricted stock229,116 109,203 211,087 129,085 
Weighted-average shares for diluted EPS153,969,770 153,323,550 153,807,046 153,243,282 
Schedule of Computation of Diluted EPS Expense Associated With Non-vested Restricted Stock of the Common Shares
The following non-vested restricted stock was outstanding during the three and six months ended June 30, 2024 and 2023, respectively, and was not included in the computation of diluted EPS because the impact of the per share expense associated
with the non-vested restricted stock was greater than the average market price of the common shares during the respective periods.
Three Months EndedSix Months Ended
June 30,June 30,
2024202320242023
  Weighted-average shares of non-vested restricted stock375,000 — 412,775 — 
  Weighted-average expense per share$12.90 $— $12.90 $— 
Schedule of Other, Net
Other, net consisted of:
Three Months EndedSix Months Ended
June 30,June 30,
2024202320242023
Interest and dividend income$6,028 $4,916 $11,487 $8,851 
Net (losses) gains recognized on investment securities(178)213 1,018 207 
Net periodic benefit cost other than the service costs(267)(339)(535)(678)
Other income2 1 — 31 
Other, net$5,585 $4,791 $11,970 $8,411 
Schedule of Other Assets
Other assets consisted of:
June 30,
2024		December 31, 2023
Restricted assets$985 $1,619 
Prepaid pension costs46,725 45,292 
Other assets38,989 37,418 
Total other assets$86,699 $84,329 
Schedule of Other Current Liabilities
Other current liabilities consisted of:
June 30,
2024		December 31, 2023
Accounts payable$6,148 $6,749 
Accrued promotional expenses58,067 51,146 
Accrued excise and payroll taxes payable, net17,386 13,144 
Accrued interest30,041 30,041 
Accrued salaries and benefits7,811 10,952 
Allowance for sales returns13,614 12,675 
Other current liabilities11,346 6,973 
Total other current liabilities$144,413 $131,680 
Schedule of Cash and Cash Equivalents
The components of “Cash, cash equivalents and restricted cash” in the condensed consolidated statements of cash flows were as follows:
June 30,
2024		December 31,
2023
Cash and cash equivalents
$390,758 $268,600 
Restricted cash and cash equivalents included in other assets875 1,506 
Total cash, cash equivalents, and restricted cash shown in the condensed consolidated statements of cash flows
$391,633 $270,106 
Schedule of Restricted Cash
The components of “Cash, cash equivalents and restricted cash” in the condensed consolidated statements of cash flows were as follows:
June 30,
2024		December 31,
2023
Cash and cash equivalents
$390,758 $268,600 
Restricted cash and cash equivalents included in other assets875 1,506 
Total cash, cash equivalents, and restricted cash shown in the condensed consolidated statements of cash flows
$391,633 $270,106