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, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 30,224 $ 46,319
Restricted cash 2,020 2,054
Accounts receivable 3,309 3,231
Inventory, net 112,496 126,533
Prepaid income taxes 7,088 6,089
Prepaid expenses and other current assets 13,592 13,378
Total current assets 168,729 197,604
Property and equipment, net 27,638 28,958
Operating lease right-of-use assets 39,179 37,317
Intangible assets, net 72,864 76,105
Goodwill 165,335 167,731
Deferred tax assets 917 1,070
Other assets 804 853
Total assets 475,466 509,638
Current liabilities:    
Accounts payable 16,544 20,903
Accrued liabilities 30,657 39,806
Sales returns reserve 4,944 3,968
Deferred revenue 10,863 11,421
Operating lease liabilities, current 6,466 6,643
Current portion of long-term debt 6,300 5,600
Total current liabilities 75,774 88,341
Long-term debt 126,062 138,049
Operating lease liabilities 36,545 34,404
Other long-term liabilities 1,497 1,483
Deferred income taxes 96 284
Total liabilities 239,974 262,561
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 March 31, 2023 and December 31, 2022, respectively 0 0
Common stock, $0.001 par value; 500,000,000 shares authorized; 129,089,620 and 128,647,836 shares issued and outstanding as of March 31, 2023 and December 31, 2022, respectively 129 129
Additional paid-in capital 462,553 460,660
Accumulated other comprehensive loss (49,110) (45,185)
Accumulated deficit (178,080) (168,527)
Total stockholders’ equity 235,492 247,077
Total liabilities and stockholders’ equity $ 475,466 $ 509,638