Quarterly report [Sections 13 or 15(d)]

CONDENSED CONSOLIDATED BALANCE SHEETS

v3.25.3
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 95,554 $ 84,700
Accounts receivable, net of allowance for doubtful accounts of $66 and $97, respectively 15,114 9,477
Inventories 67,335 59,443
Prepaid expenses and other 8,081 6,959
Total current assets 186,084 160,579
Property, plant and equipment, net 33,972 39,585
Operating lease right-of-use assets 12,963 12,799
Restricted investment securities - trading 1,107 915
Deferred income tax assets 20,360 17,644
Other assets 10,319 9,333
Total assets 264,805 240,855
Current liabilities:    
Accounts payable 7,119 8,912
Accrued volume incentives and service fees 25,387 20,563
Accrued liabilities 31,407 25,399
Deferred revenue 7,536 2,774
Income taxes payable 7,599 4,117
Current portion of operating lease liabilities 4,601 3,927
Total current liabilities 83,649 65,692
Liability related to unrecognized tax benefits 444 628
Long-term portion of operating lease liabilities 9,687 10,277
Deferred compensation payable 1,107 915
Deferred income tax liabilities 1,075 1,007
Other liabilities 2,139 1,345
Total liabilities 98,101 79,864
Shareholders’ equity:    
Common stock, no par value, 50,000 shares authorized, 17,560 and 18,483 shares issued and outstanding, respectively 103,553 114,577
Retained earnings 72,821 57,407
Noncontrolling interest 6,202 5,678
Accumulated other comprehensive loss (15,872) (16,671)
Total shareholders’ equity 166,704 160,991
Total liabilities and shareholders’ equity $ 264,805 $ 240,855