v3.26.1

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2026	Dec. 31, 2025	Mar. 31, 2025
Current assets
Cash and cash equivalents	$ 47,416	$ 47,313	$ 48,296
Trade receivables, net	89,280	110,535	82,331
Inventory	130,330	133,833	165,890
Prepaid expenses and other current assets	16,659	13,052	16,931
Total current assets	283,685	304,733	313,448
Property, plant and equipment, net	28,151	30,253	34,015
Right-of-use lease assets	33,502	34,614	37,961
Goodwill	7,099	7,099	7,099
Deferred income taxes	3,472	3,607	7,115
Other non-current assets	14,223	17,318	18,382
Total assets	370,132	397,624	418,020
Current liabilities
Accounts payable	68,471	86,376	126,342
Accrued compensation	5,143	13,956	5,302
Accrued product returns	7,675	7,875	7,074
Lease liabilities	5,490	5,497	5,531
Other current liabilities	8,322	9,529	14,589
Total current liabilities	95,101	123,233	158,838
Revolving credit agreements	50,000	50,000	50,000
Lease liabilities, non-current	35,181	36,416	40,184
Other long-term liabilities	5,081	5,130	5,817
Total liabilities	185,363	214,779	254,839
Stockholders’ equity
Preferred stock, par value $0.01 per share	0	0	0
Capital in excess of par value	81,979	80,795	77,821
Treasury stock	(36,419)	(35,213)	(29,575)
Retained earnings	145,798	143,888	124,083
Accumulated other comprehensive loss	(6,746)	(6,780)	(9,302)
Total stockholders’ equity	184,769	182,845	163,181
Total liabilities and stockholders’ equity	370,132	397,624	418,020
Class A Common stock
Stockholders’ equity
Common stock	121	119	118
Class B Common stock
Stockholders’ equity
Common stock	$ 36	$ 36	$ 36

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

Hamilton Beach Brands Holding Co 10-Q