Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

v3.24.2.u1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 48,363 $ 36,295
Accounts receivable, net of allowance for doubtful accounts of $626 and $709, respectively 181,010 222,269
Inventory, net 1,608 3,741
Prepaid expenses and other current assets 5,816 6,755
Total current assets 236,797 269,060
Equipment and leasehold improvements, net 10,954 8,850
Goodwill 26,893 27,182
Other intangibles, net 25,182 26,930
Right-of-use assets, net 750 878
Accounts receivable, net of current portion 752 797
Other assets 974 1,077
Deferred income tax assets 468 324
Total assets 302,770 335,098
Current liabilities:    
Accounts payable and accrued expenses 214,584 249,648
Lease liabilities, current portion 468 450
Term loan, current portion 550 540
Total current liabilities 215,602 250,638
Lease liabilities, net of current portion 666 879
Deferred income tax liabilities 5,463 5,554
Term loan, net of current portion 474 752
Other non-current liabilities 735 2,505
Total liabilities 222,940 260,328
Commitments and contingencies
Stockholders’ equity:    
Common stock, $.01 par value; 10,000,000 shares authorized; 5,284,500 shares issued: 4,611,527 and 4,573,448 shares outstanding, respectively 53 53
Additional paid-in capital 35,738 34,647
Treasury stock, at cost, 672,973 and 711,052 shares, respectively (12,462) (12,623)
Retained earnings 57,862 53,215
Accumulated other comprehensive loss (1,361) (522)
Total stockholders’ equity 79,830 74,770
Total liabilities and stockholders' equity $ 302,770 $ 335,098