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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 36,814 $ 46,034
Accounts receivable, less allowance for doubtful accounts of $3,518 and $1,363 526,867 427,385
Inventories 637,375 755,901
Prepaids and other current assets 32,653 39,800
Total current assets 1,233,709 1,269,120
Property, plant and equipment, net 160,113 148,477
Operating lease right-of-use assets 103,476 109,977
Goodwill 443,889 443,035
Intangible assets, net 301,556 322,409
Other assets 49,664 48,768
Total assets 2,292,407 2,341,786
Current liabilities:    
Accounts payable 176,664 179,819
Accrued compensation 23,971 19,490
Accrued customer rebates and returns 204,495 192,116
Revolving credit facility 92,760 239,363
Current portion of long-term debt 15,625 12,500
Other accrued liabilities 33,636 35,007
Total current liabilities 547,151 678,295
Long-term debt 467,239 482,464
Long-term operating lease liabilities 91,262 98,221
Other long-term liabilities 9,627 28,349
Deferred tax liabilities, net 8,925 11,826
Commitments and contingencies (Note 10)
Shareholders' equity:    
Common stock, par value $0.01; authorized 50,000,000 shares; issued and outstanding 31,299,770 and 31,430,632 shares in 2023 and 2022, respectively 313 314
Additional paid-in capital 101,045 88,750
Retained earnings 1,069,435 956,870
Accumulated other comprehensive loss (2,590) (3,303)
Total shareholders' equity 1,168,203 1,042,631
Total liabilities and shareholders' equity $ 2,292,407 $ 2,341,786