Quarterly report [Sections 13 or 15(d)]

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 89,377 $ 93,891
Accounts receivable, net of allowance for doubtful accounts of $60 and $69, respectively 18,325 8,602
Inventories 71,289 68,312
Prepaid expenses and other 9,394 8,040
Total current assets 188,385 178,845
Property, plant and equipment, net 29,701 32,915
Operating lease right-of-use assets 19,023 17,600
Restricted investment securities - trading 1,225 1,132
Deferred income tax assets 19,328 20,068
Other assets 10,570 10,586
Total assets 268,232 261,146
Current liabilities:    
Accounts payable 8,151 8,021
Accrued volume incentives and service fees 25,758 22,624
Accrued liabilities 27,523 34,080
Deferred revenue 5,910 5,840
Income taxes payable 1,577 4,703
Current portion of operating lease liabilities 4,569 3,270
Total current liabilities 73,488 78,538
Liability related to unrecognized tax benefits 1,748 428
Long-term portion of operating lease liabilities 16,459 15,630
Deferred compensation payable 1,225 1,132
Deferred income tax liabilities 1,069 954
Other liabilities 2,561 2,911
Total liabilities 96,550 99,593
Shareholders’ equity:    
Common stock, no par value, 50,000 shares authorized, 17,386 and 17,508 shares issued and outstanding, respectively 99,179 102,192
Retained earnings 87,474 76,928
Accumulated other comprehensive loss (14,971) (17,567)
Total shareholders’ equity 171,682 161,553
Total liabilities and shareholders’ equity $ 268,232 $ 261,146