Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands |
Mar. 31, 2020 |
Dec. 31, 2019 |
| Current assets |
|
|
| Cash |
$ 36,929
|
$ 5,002
|
| Accounts receivable, net of allowance for doubtful accounts of $1,092 and $849 at March 31, 2020 and December 31, 2019, respectively |
59,958
|
63,419
|
| Inventories |
106,895
|
104,741
|
| Prepaid expenses and other current assets |
10,381
|
11,083
|
| Income taxes receivable |
4,437
|
2,184
|
| Total current assets |
218,600
|
186,429
|
| Property and equipment, net of accumulated depreciation of $23,326 and $21,020 at March 31, 2020 and December 31, 2019, respectively |
26,485
|
26,494
|
| Deferred tax assets, net |
10,222
|
10,550
|
| Goodwill |
99,789
|
99,789
|
| Intangible assets, net |
87,565
|
90,748
|
| Other assets |
5,328
|
6,265
|
| Total assets |
447,989
|
420,275
|
| Current liabilities |
|
|
| Accounts payable |
46,904
|
42,734
|
| Accrued expenses and other current liabilities |
19,115
|
16,661
|
| Customer deposits |
9,101
|
8,627
|
| Current portion of long-term debt, net of financing fees of $586 and $511 at March 31, 2020 and December 31, 2019, respectively |
954
|
11,749
|
| Current portion of capital lease obligations |
2,639
|
2,395
|
| Total current liabilities |
78,713
|
82,166
|
| Line of credit |
48,830
|
21,871
|
| Long-term debt, net of current portion and financing fees of $1,123 and $1,107 at March 31, 2020 and December 31, 2019, respectively |
151,559
|
141,299
|
| Long-term capital lease obligations |
6,720
|
6,907
|
| Other long-term liabilities |
5,352
|
6,757
|
| Total liabilities |
291,174
|
259,000
|
| Commitments and contingencies (see Note 11) |
|
|
| Stockholders' equity |
|
|
| Treasury stock, 116,753 shares at March 31, 2020 and 33,140 shares at December 31, 2019, at cost |
(1,046)
|
(391)
|
| Additional paid-in capital |
161,590
|
161,396
|
| Retained earnings (accumulated deficit) |
(3,983)
|
19
|
| Total stockholders' equity |
156,815
|
161,275
|
| Total liabilities and stockholders' equity |
447,989
|
420,275
|
| Customer Relationships |
|
|
| Current assets |
|
|
| Intangible assets, net |
69,667
|
71,989
|
| Intangible assets |
|
|
| Current assets |
|
|
| Intangible assets, net |
17,898
|
18,759
|
| Class A |
|
|
| Stockholders' equity |
|
|
| Common stock |
254
|
251
|
| Total stockholders' equity |
$ 254
|
$ 251
|