Quarterly report [Sections 13 or 15(d)]

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 87,578 $ 93,891
Accounts receivable, net of allowance for doubtful accounts of $63 and $69, respectively 12,549 8,602
Inventories 67,131 68,312
Prepaid expenses and other 11,330 8,040
Total current assets 178,588 178,845
Property, plant and equipment, net 31,413 32,915
Operating lease right-of-use assets 20,375 17,600
Restricted investment securities - trading 1,275 1,132
Deferred income tax assets 19,411 20,068
Other assets 10,396 10,586
Total assets 261,458 261,146
Current liabilities:    
Accounts payable 8,251 8,021
Accrued volume incentives and service fees 25,611 22,624
Accrued liabilities 25,388 34,080
Deferred revenue 2,780 5,840
Income taxes payable 4,969 4,703
Current portion of operating lease liabilities 4,367 3,270
Total current liabilities 71,366 78,538
Liability related to unrecognized tax benefits 434 428
Long-term portion of operating lease liabilities 18,063 15,630
Deferred compensation payable 1,275 1,132
Deferred income tax liabilities 799 954
Other liabilities 2,605 2,911
Total liabilities 94,542 99,593
Shareholders’ equity:    
Common stock, no par value, 50,000 shares authorized, 17,564 and 17,508 shares issued and outstanding, respectively 102,252 102,192
Retained earnings 82,046 76,928
Accumulated other comprehensive loss (17,382) (17,567)
Total shareholders’ equity 166,916 161,553
Total liabilities and shareholders’ equity $ 261,458 $ 261,146