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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 31,953 $ 46,034
Accounts receivable, less allowance for doubtful accounts of $1,715 and $1,363 484,447 427,385
Inventories 625,593 755,901
Prepaids and other current assets 53,363 39,800
Total current assets 1,195,356 1,269,120
Property, plant and equipment, net 157,737 148,477
Operating lease right-of-use assets 107,645 109,977
Goodwill 443,220 443,035
Intangible assets, net 306,802 322,409
Other assets 49,594 48,768
Total assets 2,260,354 2,341,786
Current liabilities:    
Accounts payable 158,418 179,819
Accrued compensation 15,844 19,490
Accrued customer rebates and returns 192,014 192,116
Revolving credit facility 119,660 239,363
Current portion of long-term debt 12,500 12,500
Other accrued liabilities 34,612 35,007
Total current liabilities 533,048 678,295
Long-term debt 473,389 482,464
Long-term operating lease liabilities 95,200 98,221
Other long-term liabilities 15,484 28,349
Deferred tax liabilities, net 15,140 11,826
Commitments and contingencies (Note 7)
Shareholders’ equity:    
Common stock, $0.01 par value; 50,000,000 shares authorized; 31,487,494 and 31,430,632 shares issued and outstanding in 2023 and 2022, respectively 315 314
Additional paid-in capital 97,342 88,750
Retained earnings 1,034,268 956,870
Accumulated other comprehensive loss (3,832) (3,303)
Total shareholders’ equity 1,128,093 1,042,631
Total liabilities and shareholders' equity $ 2,260,354 $ 2,341,786