Balance Sheet

v3.24.3

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 22,139	$ 36,295
Accounts receivable, net of allowance for doubtful accounts of $640 and $709, respectively	247,907	222,269
Inventory, net	4,445	3,741
Prepaid expenses and other current assets	6,629	6,755
Total current assets	281,120	269,060
Equipment and leasehold improvements, net	12,151	8,850
Goodwill	29,628	27,182
Other intangibles, net	46,041	26,930
Right-of-use assets, net	937	878
Accounts receivable, net of current portion	752	797
Other assets	863	1,077
Deferred income tax assets	448	324
Total assets	371,940	335,098
Current liabilities:
Accounts payable and accrued expenses	273,893	249,648
Lease liabilities, current portion	533	450
Term loan, current portion	555	540
Total current liabilities	274,981	250,638
Lease liabilities, net of current portion	796	879
Deferred income tax liabilities	5,671	5,554
Term loan, net of current portion	334	752
Other non-current liabilities	2,490	2,505
Total liabilities	284,272	260,328
Commitments and contingencies
Stockholders’ equity:
Common stock, $.01 par value; 10,000,000 shares authorized; 5,284,500 shares issued: 4,606,790 and 4,573,448 shares outstanding, respectively	53	53
Additional paid-in capital	36,676	34,647
Treasury stock, at cost, 677,710 and 711,052 shares, respectively	(12,777)	(12,623)
Retained earnings	62,560	53,215
Accumulated other comprehensive income (loss)	1,156	(522)
Total stockholders’ equity	87,668	74,770
Total liabilities and stockholders' equity	$ 371,940	$ 335,098

- Definition

Sum of the carrying values as of the balance sheet date of obligations incurred through that date and due within one year (or the operating cycle, if longer), including liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received, taxes, interest, rent and utilities, accrued salaries and bonuses, payroll taxes and fringe benefits.

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