Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 29,109 $ 38,832
Restricted cash 1,666 2,186
Accounts receivable 3,030 2,663
Inventory, net 143,853 115,783
Prepaid income taxes 11,050 4,059
Prepaid expenses and other current assets 20,092 20,809
Total current assets 208,800 184,332
Property and equipment, net 18,450 14,657
Operating lease right-of-use assets 38,991 26,415
Intangible assets, net 85,548 98,287
Goodwill 346,337 363,305
Other assets 945 850
Total assets 699,071 687,846
Current liabilities:    
Accounts payable 28,457 25,088
Accrued liabilities 55,728 53,375
Sales returns reserve 5,166 6,887
Deferred revenue 7,643 11,344
Operating lease liabilities, current 6,338 5,721
Current portion of long-term debt 5,600 5,600
Total current liabilities 108,932 108,015
Long-term debt 125,618 103,182
Operating lease liabilities 34,415 21,370
Other long-term liabilities 1,338 1,333
Deferred income taxes, net 2,225 2,920
Total liabilities 272,528 236,820
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; 128,669,181 and 128,647,836 shares issued and outstanding 129 129
Additional paid-in capital 456,637 453,807
Accumulated other comprehensive loss (35,706) (11,080)
Retained earnings 5,483 8,170
Total stockholders’ equity 426,543 451,026
Total liabilities and stockholders’ equity $ 699,071 $ 687,846