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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 34,433 $ 36,814
Accounts receivable, less allowance for doubtful accounts of $3,513 and $3,518 486,352 526,867
Inventories 619,972 637,375
Prepaids and other current assets 22,062 32,653
Total current assets 1,162,819 1,233,709
Property, plant and equipment, net 162,439 160,113
Operating lease right-of-use assets 105,714 103,476
Goodwill 443,296 443,889
Intangible assets, net 295,880 301,556
Other assets 49,989 49,664
Total assets 2,220,137 2,292,407
Current liabilities:    
Accounts payable 131,478 176,664
Accrued compensation 18,206 23,971
Accrued customer rebates and returns 186,332 204,495
Revolving credit facility 81,160 92,760
Current portion of long-term debt 12,500 15,625
Other accrued liabilities 35,944 33,636
Total current liabilities 465,620 547,151
Long-term debt 467,338 467,239
Long-term operating lease liabilities 93,105 91,262
Other long-term liabilities 10,233 9,627
Deferred tax liabilities, net 9,346 8,925
Commitments and contingencies (Note 7)
Shareholders’ equity:    
Common stock, $0.01 par value; 50,000,000 shares authorized; 31,011,870 and 31,299,770 shares issued and outstanding in 2024 and 2023, respectively 310 313
Additional paid-in capital 102,211 101,045
Retained earnings 1,075,663 1,069,435
Accumulated other comprehensive loss (3,689) (2,590)
Total shareholders’ equity 1,174,495 1,168,203
Total liabilities and shareholders' equity $ 2,220,137 $ 2,292,407