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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 14,150  
Accounts receivable, net of allowances of $1,655 and $1,143 83,746 $ 142,804
Income tax receivable 2,330 0
Inventories 93,556 144,944
Prepaid expenses and other current assets 4,719 6,124
Total current assets 198,501 311,673
Property and equipment, net of accumulated depreciation of $12,717 and $14,159 15,247 18,019
Intangible assets, net of accumulated amortization of $99,176 and $95,632 58,418 63,110
Deferred income tax assets, net 23,148 22,657
Operating lease right of use assets 9,208 9,636
Goodwill 24,920 43,569
Other assets 200 567
Total assets 329,642 469,231
Current liabilities:    
Accounts payable 50,854 87,303
Income tax payable 0 5,266
Sales returns liability 30,571 43,853
Accrued wages and wage related expenses 6,785 6,328
Accrued liabilities 12,771 15,164
Current portion of operating lease liabilities 2,583 2,099
Total current liabilities 103,564 160,013
Line of credit 99,540 107,140
Operating lease liabilities 9,674 10,599
Total liabilities 212,778 277,752
Commitments and contingencies (Note 12 and Note 13)
Stockholders’ equity:    
Common stock, $0.001 par value; 100,000 shares authorized; 36,884 and 36,610 shares issued 37 37
Treasury stock, 7,055 and 7,055 common shares at cost (50,455) (50,455)
Additional paid-in capital 117,552 116,533
Accumulated other comprehensive loss (1,351) (1,631)
Retained earnings 51,081 126,995
Total stockholders’ equity 116,864 191,479
Total liabilities and stockholders’ equity $ 329,642 $ 469,231