Quarterly report [Sections 13 or 15(d)]

CONDENSED CONSOLIDATED BALANCE SHEETS

v3.25.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 81,345 $ 84,700
Accounts receivable, net of allowance for doubtful accounts of $93 and $97, respectively 13,029 9,477
Inventories 69,320 59,443
Prepaid expenses and other 8,144 6,959
Total current assets 171,838 160,579
Property, plant and equipment, net 35,930 39,585
Operating lease right-of-use assets 14,218 12,799
Restricted investment securities - trading 1,041 915
Deferred income tax assets 21,410 17,644
Other assets 10,438 9,333
Total assets 254,875 240,855
Current liabilities:    
Accounts payable 9,924 8,912
Accrued volume incentives and service fees 22,583 20,563
Accrued liabilities 27,456 25,399
Deferred revenue 5,501 2,774
Income taxes payable 5,765 4,117
Current portion of operating lease liabilities 4,625 3,927
Total current liabilities 75,854 65,692
Liability related to unrecognized tax benefits 638 628
Long-term portion of operating lease liabilities 11,005 10,277
Deferred compensation payable 1,041 915
Deferred income tax liabilities 1,009 1,007
Other liabilities 1,646 1,345
Total liabilities 91,193 79,864
Shareholders’ equity:    
Common stock, no par value, 50,000 shares authorized, 17,635 and 18,483 shares issued and outstanding, respectively 104,662 114,577
Retained earnings 67,487 57,407
Noncontrolling interest 6,001 5,678
Accumulated other comprehensive loss (14,468) (16,671)
Total shareholders’ equity 163,682 160,991
Total liabilities and shareholders’ equity $ 254,875 $ 240,855