Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 46,319 $ 38,832
Restricted cash 2,054 2,186
Accounts receivable 3,231 2,663
Inventory, net 126,533 115,783
Prepaid income taxes 6,089 4,059
Prepaid expenses and other current assets 13,378 20,809
Total current assets 197,604 184,332
Property and equipment, net 28,958 14,657
Operating lease right-of-use assets 37,317 26,415
Intangible assets, net 76,105 98,287
Goodwill 167,731 363,305
Deferred tax assets 1,070 0
Other assets 853 850
Total assets 509,638 687,846
Current liabilities:    
Accounts payable 20,903 25,088
Accrued liabilities 39,806 53,375
Sales returns reserve 3,968 6,887
Deferred revenue 11,421 11,344
Operating lease liabilities, current 6,643 5,721
Current portion of long-term debt 5,600 5,600
Total current liabilities 88,341 108,015
Long-term debt 138,049 103,182
Operating lease liabilities 34,404 21,370
Other long-term liabilities 1,483 1,333
Deferred income taxes 284 2,920
Total liabilities 262,561 236,820
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 December 31, 2022 and 2021, respectively 0 0
Common stock, $0.001 par value; 500,000,000 shares authorized; 129,003,733 and 128,647,836 shares issued and outstanding as of December 31, 2022 and 2021, respectively 129 129
Additional paid-in capital 460,660 453,807
Accumulated other comprehensive loss (45,185) (11,080)
Retained earnings (accumulated deficit) (168,527) 8,170
Total stockholders’ equity 247,077 451,026
Total liabilities and stockholders’ equity $ 509,638 $ 687,846