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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 29, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 47,467 $ 36,814
Accounts receivable, less allowance for doubtful accounts of $1,583 and $3,518 526,183 526,867
Inventories 620,371 637,375
Prepaids and other current assets 39,014 32,653
Total current assets 1,233,035 1,233,709
Property, plant and equipment, net 165,766 160,113
Operating lease right-of-use assets 102,461 103,476
Goodwill 443,020 443,889
Intangible assets, net 290,277 301,556
Other assets 51,156 49,664
Total assets 2,285,715 2,292,407
Current liabilities:    
Accounts payable 164,657 176,664
Accrued compensation 22,266 23,971
Accrued customer rebates and returns 203,681 204,495
Revolving credit facility 69,460 92,760
Current portion of long-term debt 15,625 15,625
Other accrued liabilities 38,430 33,636
Total current liabilities 514,119 547,151
Long-term debt 461,188 467,239
Long-term operating lease liabilities 89,606 91,262
Other long-term liabilities 10,165 9,627
Deferred tax liabilities, net 9,317 8,925
Commitments and contingencies (Note 7)
Shareholders’ equity:    
Common stock, $0.01 par value; 50,000,000 shares authorized; 30,765,672 and 31,299,770 shares issued and outstanding in 2024 and 2023, respectively 308 313
Additional paid-in capital 106,714 101,045
Retained earnings 1,098,506 1,069,435
Accumulated other comprehensive loss (4,208) (2,590)
Total shareholders’ equity 1,201,320 1,168,203
Total liabilities and shareholders' equity $ 2,285,715 $ 2,292,407