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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Mar. 31, 2023
Dec. 31, 2022
Current assets:        
Cash and cash equivalents $ 58,222 $ 75,639    
Trade receivables, net of allowance for doubtful accounts of $2,268 and $1,339, respectively 39,695 [1] 37,323    
Inventories, net 94,626 [2] 90,046    
Income taxes receivable 597 794    
Other current assets 4,013 3,997    
Total current assets 197,153 207,799    
Property and equipment, net 75,701 74,122    
Intangible assets, net 21,458 21,674    
Goodwill 25,465 25,465    
Deferred income taxes 690 705    
Other assets 3,900 2,918    
Total assets 324,367 332,683    
Current liabilities:        
Accounts payable 29,224 21,696    
Accrued expenses 26,823 27,781    
Other current liabilities 909 883    
Current maturities of long-term debt 640 640    
Income taxes payable 404 [3] 243    
Total current liabilities 58,000 51,243    
Long-term liabilities:        
Long-term debt net, less current maturities 109,847 109,799    
Other long-term liabilities 1,356 1,048    
Deferred income taxes 231 233    
Income taxes payable 638 635    
Total liabilities 170,072 162,958    
Commitments and contingencies (Note 11)    
Stockholders' equity:        
Common stock, $0.01 par value, 300,000,000 shares authorized; 83,858,930 and 83,738,974 shares issued, and 82,945,411 and 82,825,455 shares outstanding as of March 31, 2024 and December 31, 2023, respectively 828 827    
Additional paid in capital 301,459 298,394    
Accumulated deficit (141,045) [1],[2],[3] (123,646)    
Accumulated other comprehensive loss (965) 132    
Treasury stock, at cost; 913,519 shares as of March 31, 2024 and December 31, 2023 (5,982) (5,982)    
Total stockholders' equity 154,295 169,725 $ 205,069 $ 142,605
Total liabilities & stockholders' equity $ 324,367 $ 332,683    
[1] Receivable Reserve - The correction of the misstatement resulted in a decrease to Trade receivables, net of allowance for doubtful accounts and an increase to Accumulated deficit of $567 as of March 31, 2024
[2] Inventory Treatment - The correction of the misstatement resulted in a decrease to Inventories, net and an increase to Accumulated deficit of $9,672, including an increase to the beginning balance of Accumulated deficit of $8,016 for the three-months ended March 31, 2024.
[3] Income Tax Adjustment - The correction of the misstatement resulted in an increase to Deferred income taxes of $12, a decrease to Income taxes payable of $46, and a decrease to Accumulated deficit of $58 as of March 31, 2024.