Annual report [Section 13 and 15(d), not S-K Item 405]

Consolidated Balance Sheets

v3.25.0.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 29,778 $ 36,295
Accounts receivable, net of allowance for doubtful accounts of $588 and $709, respectively 341,597 222,269
Inventory, net 2,447 3,741
Prepaid expenses and other current assets 6,874 6,755
Total current assets 380,696 269,060
Equipment and leasehold improvements, net 12,853 8,850
Goodwill 34,924 27,182
Other intangibles, net 36,550 26,930
Right-of-use assets, net 1,965 878
Accounts receivable, net of current portion 1,174 797
Other assets 824 1,077
Deferred income tax assets 193 324
Total assets 469,179 335,098
Current liabilities:    
Accounts payable and accrued expenses 370,397 249,648
Lease liabilities, current portion 654 450
Term loan, current portion 560 540
Total current liabilities 371,611 250,638
Lease liabilities, net of current portion 1,685 879
Deferred income tax liabilities 4,723 5,554
Term loan, net of current portion 191 752
Non-current liabilities 381 2,505
Total liabilities 378,591 260,328
Commitments and contingencies
Stockholders’ equity:    
Common stock, $.01 par value; 10,000,000 shares authorized; 5,284,500 shares issued: 4,601,302 and 4,573,448 shares outstanding, respectively 53 53
Additional paid-in capital 37,977 34,647
Treasury stock, at cost, 683,198 and 711,052 shares, respectively (13,337) (12,623)
Retained earnings 68,787 53,215
Accumulated other comprehensive loss (2,892) (522)
Total stockholders’ equity 90,588 74,770
Total liabilities and stockholders' equity $ 469,179 $ 335,098