XML 13 R3.htm IDEA: XBRL DOCUMENT v3.23.2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jul. 01, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 35,666 $ 46,034
Accounts receivable, less allowance for doubtful accounts of $1,384 and $1,363 452,603 427,385
Inventories 642,721 755,901
Prepaids and other current assets 57,790 39,800
Total current assets 1,188,780 1,269,120
Property, plant and equipment, net 156,544 148,477
Operating lease right-of-use assets 104,294 109,977
Goodwill 443,889 443,035
Intangible assets, net 312,554 322,409
Other assets 50,779 48,768
Total assets 2,256,840 2,341,786
Current liabilities:    
Accounts payable 152,121 179,819
Accrued compensation 15,311 19,490
Accrued customer rebates and returns 189,409 192,116
Revolving credit facility 166,560 239,363
Current portion of long-term debt 12,500 12,500
Other accrued liabilities 34,470 35,007
Total current liabilities 570,371 678,295
Long-term debt 476,414 482,464
Long-term operating lease liabilities 92,620 98,221
Other long-term liabilities 16,497 28,349
Deferred tax liabilities, net 14,866 11,826
Commitments and contingencies
Shareholders’ equity:    
Common stock, $0.01 par value; 50,000,000 shares authorized; 31,488,164 and 31,430,632 shares issued and outstanding in 2023 and 2022, respectively 315 314
Additional paid-in capital 94,452 88,750
Retained earnings 993,923 956,870
Accumulated other comprehensive loss (2,618) (3,303)
Total shareholders’ equity 1,086,072 1,042,631
Total liabilities and shareholders' equity $ 2,256,840 $ 2,341,786