Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 41,166 $ 38,832
Restricted cash 2,506 2,186
Accounts receivable 3,510 2,663
Inventory, net 120,598 115,783
Prepaid income taxes 6,525 4,059
Prepaid expenses and other current assets 22,705 20,809
Total current assets 197,010 184,332
Property and equipment, net 17,336 14,657
Operating lease right-of-use assets 42,490 26,415
Intangible assets, net 95,986 98,287
Goodwill 373,799 363,305
Other assets 1,006 850
Total assets 727,627 687,846
Current liabilities:    
Accounts payable 17,295 25,088
Accrued liabilities 46,711 53,375
Sales returns reserve 5,176 6,887
Deferred revenue 8,676 11,344
Operating lease liabilities, current 6,544 5,721
Current portion of long-term debt 5,600 5,600
Total current liabilities 90,002 108,015
Long-term debt 126,901 103,182
Operating lease liabilities 37,361 21,370
Other long-term liabilities 1,409 1,333
Deferred income taxes, net 3,630 2,920
Total liabilities 259,303 236,820
Commitments and contingencies (Note 15)
Stockholders’ equity:    
Preferred stock, $0.001 par value; 50,000,000 shares authorized; zero shares issued or outstanding 0 0
Common stock, $0.001 par value; 500,000,000 shares authorized; 128,647,836 shares issued and outstanding 129 129
Additional paid-in capital 455,175 453,807
Accumulated other comprehensive income (loss) 3,325 (11,080)
Retained earnings 9,695 8,170
Total stockholders’ equity 468,324 451,026
Total liabilities and stockholders’ equity $ 727,627 $ 687,846