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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Apr. 01, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 33,307 $ 46,034
Accounts receivable, less allowance for doubtful accounts of $1,398 and $1,363 429,308 427,385
Inventories 686,949 755,901
Prepaids and other current assets 40,173 39,800
Total current assets 1,189,737 1,269,120
Property, plant and equipment, net 151,541 148,477
Operating lease right-of-use assets 108,549 109,977
Goodwill 443,336 443,035
Intangible assets, net 316,999 322,409
Other assets 50,497 48,768
Total assets 2,260,659 2,341,786
Current liabilities:    
Accounts payable 145,686 179,819
Accrued compensation 14,606 19,490
Accrued customer rebates and returns 170,432 192,116
Revolving credit facility 215,460 239,363
Current portion of long-term debt 12,500 12,500
Other accrued liabilities 48,239 35,007
Total current liabilities 606,923 678,295
Long-term debt 479,439 482,464
Long-term operating lease liabilities 96,571 98,221
Other long-term liabilities 16,749 28,349
Deferred tax liabilities, net 11,833 11,826
Commitments and contingencies
Shareholders’ equity:    
Common stock, $0.01 par value; 50,000,000 shares authorized; 31,469,310 and 31,430,632 shares issued and outstanding in 2023 and 2022, respectively 315 314
Additional paid-in capital 90,416 88,750
Retained earnings 961,597 956,870
Accumulated other comprehensive loss (3,184) (3,303)
Total shareholders’ equity 1,049,144 1,042,631
Total liabilities and shareholders' equity $ 2,260,659 $ 2,341,786