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, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 56,344 $ 86,184
Accounts receivable, net of allowance for doubtful accounts of $525 and $143, respectively 10,540 8,871
Inventories 70,643 60,852
Prepaid expenses and other 9,618 8,760
Total current assets 147,145 164,667
Property, plant and equipment, net 49,099 50,857
Operating lease right-of-use assets 18,060 18,349
Investment securities - trading 743 964
Deferred income tax assets 7,794 13,590
Other assets 10,218 10,447
Total assets 233,059 258,874
Current liabilities:    
Accounts payable 9,423 9,702
Accrued volume incentives and service fees 23,199 23,131
Accrued liabilities 26,842 31,600
Deferred revenue 1,829 3,694
Related party notes payable 0 302
Income taxes payable 2,227 2,647
Current portion of operating lease liabilities 4,336 4,350
Current portion of note payable 1,263 1,244
Total current liabilities 69,119 76,670
Long-term portion of operating lease liabilities 15,871 15,919
Long-term note payable 537 1,174
Deferred compensation payable 743 964
Deferred income tax liabilities 1,212 1,566
Other liabilities 1,098 1,177
Total liabilities 88,580 97,470
Shareholders’ equity:    
Common stock, no par value, 50,000 shares authorized, 19,259 and 19,724 shares issued and outstanding, respectively 121,623 133,382
Retained earnings 32,591 35,025
Noncontrolling interest 3,902 3,202
Accumulated other comprehensive loss (13,637) (10,205)
Total shareholders’ equity 144,479 161,404
Total liabilities and shareholders’ equity $ 233,059 $ 258,874