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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 28, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 45,127 $ 36,814
Accounts receivable, less allowance for doubtful accounts of $1,647 and $3,518 571,051 526,867
Inventories 665,237 637,375
Prepaids and other current assets 34,661 32,653
Total current assets 1,316,076 1,233,709
Property, plant and equipment, net 165,734 160,113
Operating lease right-of-use assets 107,176 103,476
Goodwill 443,340 443,889
Intangible assets, net 284,138 301,556
Other assets 47,633 49,664
Total assets 2,364,097 2,292,407
Current liabilities:    
Accounts payable 205,905 176,664
Accrued compensation 27,003 23,971
Accrued customer rebates and returns 208,274 204,495
Revolving credit facility 61,760 92,760
Current portion of long-term debt 18,750 15,625
Other accrued liabilities 39,631 33,636
Total current liabilities 561,323 547,151
Long-term debt 455,038 467,239
Long-term operating lease liabilities 94,294 91,262
Other long-term liabilities 9,203 9,627
Deferred tax liabilities, net 9,637 8,925
Commitments and contingencies (Note 7)
Shareholders’ equity:    
Common stock, $0.01 par value; 50,000,000 shares authorized; 30,516,759 and 31,299,770 shares issued and outstanding in 2024 and 2023, respectively 305 313
Additional paid-in capital 110,595 101,045
Retained earnings 1,127,259 1,069,435
Accumulated other comprehensive loss (3,557) (2,590)
Total shareholders’ equity 1,234,602 1,168,203
Total liabilities and shareholders' equity $ 2,364,097 $ 2,292,407