XML 38 R24.htm IDEA: XBRL DOCUMENT v3.25.1
Segment Report
 3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
Segment Report Segment Report
The Company operates and evaluates its business as a single reportable segment. The following is the summary of the financial information for the Company’s reportable segment:
Three Months Ended March 31,
20252024
(in thousands)
Net sales$103,624 $95,613 
Less:
Cost of goods sold62,862 58,011 
Shipping and transportation10,616 7,213 
Salaries and benefits9,065 8,929 
Professional services1,438 1,161 
Depreciation and amortization1,139 1,020 
Rent expense2,750 1,830 
Marketing expense1,518 1,093 
Online platform fees2,221 2,186 
Warehouse expense939 1,001 
Stock-based compensation346 375 
ROU asset impairment expense
— 1,993 
Interest expense509 524 
Provision for income taxes2,121 1,975 
Other segment expenses*2,910 2,725 
Add:
Interest income566 431 
Other income, net1,059 468 
Segment net income6,815 6,476 
Reconciliation of segment net income to consolidated net income
Adjustments and reconciling items— — 
Consolidated net income$6,815 $6,476 
* Other segment expenses includes property taxes, insurance expenses, office expenses, and utilities.

There are no changes in the basis of segmentation or measurement of segment profit or loss since December 31, 2024. The Company’s long-lived assets are all located in the United States, and its revenues are almost entirely generated in the
United States. Additionally, the segment assets are the same as the assets reported on the condensed consolidated balance sheets.