Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

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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