Balance Sheet

v3.25.2

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Jun. 30, 2025	Dec. 31, 2024
Current assets:
Cash and cash equivalents	$ 28,587	$ 29,778
Accounts receivable, net of allowance for doubtful accounts of $693 and $588, respectively	289,083	341,597
Inventory, net	3,349	2,447
Prepaid expenses and other current assets	9,164	6,874
Total current assets	330,183	380,696
Equipment and leasehold improvements, net	13,626	12,853
Goodwill	37,270	34,924
Other intangibles, net	35,718	36,550
Right-of-use assets, net	1,509	1,965
Accounts receivable, net of current portion	1,209	1,174
Other assets	649	824
Deferred income tax assets	527	193
Total assets	420,691	469,179
Current liabilities:
Accounts payable and accrued expenses	307,715	370,397
Lease liabilities, current portion	727	654
Term loan, current portion	474	560
Total current liabilities	308,916	371,611
Lease liabilities, net of current portion	1,116	1,685
Deferred income tax liabilities	5,101	4,723
Term loan, net of current portion	0	191
Other non-current liabilities	381	381
Total liabilities	315,514	378,591
Commitments and contingencies
Stockholders’ equity:
Common stock, $.01 par value; 10,000,000 shares authorized; 5,284,500 shares issued: 4,617,206 and 4,601,302 shares outstanding, respectively	53	53
Additional paid-in capital	40,043	37,977
Treasury stock, at cost, 667,294 and 683,198 shares, respectively	(14,266)	(13,337)
Retained earnings	76,904	68,787
Accumulated other comprehensive income (loss)	2,443	(2,892)
Total stockholders’ equity	105,177	90,588
Total liabilities and stockholders' equity	$ 420,691	$ 469,179

- 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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