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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 26, 2022
Dec. 25, 2021
Current assets:    
Cash and cash equivalents $ 53,427 $ 58,782
Accounts receivable, less allowance for doubtful accounts of $1,357 and $1,326 456,070 472,764
Inventories 565,200 531,988
Prepaids and other current assets 13,507 13,048
Total current assets 1,088,204 1,076,582
Property, plant and equipment, net 116,225 114,864
Operating lease right-of-use assets 98,149 59,029
Goodwill 198,110 197,332
Intangible assets, net 176,088 178,809
Other assets 47,525 46,503
Total assets 1,724,301 1,673,119
Current liabilities:    
Accounts payable 165,840 177,389
Accrued compensation 16,616 26,636
Accrued customer rebates and returns 195,289 188,080
Revolving credit facility 229,360 239,360
Other accrued liabilities 45,513 33,583
Total current liabilities 652,618 665,048
Long-term operating lease liabilities 88,881 52,443
Other long-term liabilities 5,450 4,916
Deferred tax liabilities, net 17,952 17,976
Commitments and contingencies (Note 8)
Shareholders’ equity:    
Common stock, $0.01 par value; 50,000,000 shares authorized; 31,479,916 and 31,607,509 shares issued and outstanding in 2022 and 2021, respectively 315 316
Additional paid-in capital 78,906 77,451
Retained earnings 879,923 856,409
Accumulated other comprehensive income (loss) 256 (1,440)
Total shareholders’ equity 959,400 932,736
Total liabilities and shareholders' equity $ 1,724,301 $ 1,673,119