Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 31,114 $ 38,832
Restricted cash 1,946 2,186
Accounts receivable 3,870 2,663
Inventory, net 136,931 115,783
Prepaid income taxes 10,413 4,059
Prepaid expenses and other current assets 16,140 20,809
Total current assets 200,414 184,332
Property and equipment, net 26,263 14,657
Operating lease right-of-use assets 37,770 26,415
Intangible assets, net 78,067 98,287
Goodwill 326,855 363,305
Other assets 889 850
Total assets 670,258 687,846
Current liabilities:    
Accounts payable 33,745 25,088
Accrued liabilities 49,786 53,375
Sales returns reserve 6,150 6,887
Deferred revenue 7,499 11,344
Operating lease liabilities, current 6,034 5,721
Current portion of long-term debt 5,600 5,600
Total current liabilities 108,814 108,015
Long-term debt 124,334 103,182
Operating lease liabilities 35,028 21,370
Other long-term liabilities 1,361 1,333
Deferred income taxes, net 1,022 2,920
Total liabilities 270,559 236,820
Commitments and contingencies (Note 15)
Stockholders’ equity:    
Preferred stock, $0.001 par value; 50,000,000 shares authorized; zero shares issued or outstanding as of September 30, 2022 and December 31, 2021, respectively 0 0
Common stock, $0.001 par value; 500,000,000 shares authorized; 128,814,790 and 128,647,836 shares issued and outstanding as of September 30, 2022 and December 31, 2021, respectively 129 129
Additional paid-in capital 458,170 453,807
Accumulated other comprehensive loss (63,969) (11,080)
Retained earnings 5,369 8,170
Total stockholders’ equity 399,699 451,026
Total liabilities and stockholders’ equity $ 670,258 $ 687,846