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, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 25,876 $ 46,319
Restricted cash 2,001 2,054
Accounts receivable 2,604 3,231
Inventory, net 106,695 126,533
Prepaid income taxes 7,097 6,089
Prepaid expenses and other current assets 16,748 13,378
Total current assets 161,021 197,604
Property and equipment, net 27,862 28,958
Operating lease right-of-use assets 39,785 37,317
Intangible assets, net 69,641 76,105
Goodwill 164,140 167,731
Deferred tax assets 1,042 1,070
Other assets 705 853
Total assets 464,196 509,638
Current liabilities:    
Accounts payable 20,718 20,903
Accrued liabilities 29,715 39,806
Sales returns reserve 6,107 3,968
Deferred revenue 11,208 11,421
Operating lease liabilities, current 6,926 6,643
Current portion of long-term debt 7,000 5,600
Total current liabilities 81,674 88,341
Long-term debt 112,974 138,049
Operating lease liabilities 37,624 34,404
Other long-term liabilities 1,570 1,483
Deferred income taxes 241 284
Total liabilities 234,083 262,561
Commitments and contingencies (Note 16)
Stockholders’ equity:    
Preferred stock, $0.001 par value; 50,000,000 shares authorized; zero shares issued or outstanding as of June 30, 2023 and December 31, 2022, respectively 0 0
Common stock, $0.001 par value; 500,000,000 shares authorized; 128,921,192 and 129,007,033 shares issued and outstanding as of June 30, 2023 and December 31, 2022, respectively 129 129
Additional paid-in capital 464,144 460,660
Accumulated other comprehensive loss (51,040) (45,185)
Accumulated deficit (183,120) (168,527)
Total stockholders’ equity 230,113 247,077
Total liabilities and stockholders’ equity $ 464,196 $ 509,638