$DORM

R & B INC

CIK:0000868780|SEC Filings

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (UNAUDITED) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 27, 2026	Jun. 28, 2025	Jun. 27, 2026	Jun. 28, 2025
Income Statement [Abstract]
Net sales	$ 544,598	$ 540,959	$ 1,073,368	$ 1,048,651
Cost of goods sold	293,373	321,446	631,988	621,430
Gross profit	251,225	219,513	441,380	427,221
Selling, general, and administrative expenses	135,008	137,032	266,380	264,666
Income from operations	116,217	82,481	175,000	162,555
Interest expense, net	6,311	7,182	12,118	14,540
Other income, net	5,577	1,544	8,823	2,905
Income before income taxes	115,483	76,843	171,705	150,920
Provision for income taxes	27,712	18,134	40,383	34,706
Net income	87,771	58,709	131,322	116,214
Other comprehensive income:
Change in foreign currency translation adjustment	(220)	2,339	(618)	2,561
Comprehensive Income	$ 87,551	$ 61,048	$ 130,704	$ 118,775
Earnings per share:
Basic (in dollars per share)	$ 2.94	$ 1.92	$ 4.37	$ 3.80
Diluted (in dollars per share)	$ 2.93	$ 1.91	$ 4.35	$ 3.78
Weighted average shares outstanding:
Basic (in shares)	29,864	30,518	30,041	30,547
Diluted (in shares)	29,995	30,680	30,205	30,744

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) $ in Thousands	6 Months Ended
	Jun. 27, 2026	Jun. 28, 2025
Cash Flows from Operating Activities:
Net income	$ 131,322	$ 116,214
Adjustments to reconcile net income to cash provided by operating activities:
Depreciation and amortization	27,907	27,762
Provision for doubtful accounts	140	654
Provision for deferred income taxes	(100)	(75)
Provision for stock-based compensation	9,526	8,137
Gain on sale of investment	(2,208)	0
Changes in assets and liabilities:
Accounts receivable	(75,170)	41,185
Inventories	150,488	(89,695)
Prepaids and other current assets	(24,416)	(2,911)
Other assets	(2,074)	(4,871)
Accounts payable	(19,899)	(10,649)
Accrued customer rebates and returns	(11,849)	(1,203)
Accrued compensation and other liabilities	12,714	(24,763)
Cash provided by operating activities	196,381	59,785
Cash Flows from Investing Activities:
Property, plant, and equipment additions	(17,525)	(19,435)
Proceeds from sale of investment	7,208	0
Cash used in investing activities	(10,317)	(19,435)
Cash Flows from Financing Activities:
Proceeds from issuance of senior notes	450,000	0
Payments of long-term debt	(440,625)	(6,250)
Proceeds from revolving credit line	15,000	0
Payments of revolving credit line	(15,000)	(13,960)
Payment of debt issuance costs	(9,713)	0
Proceeds from exercise of stock options	627	729
Purchase and cancellation of common stock	(97,412)	(15,561)
Other stock-related activity	(6,352)	(5,804)
Cash used in financing activities	(103,475)	(40,846)
Effect of exchange rate changes on Cash and Cash Equivalents	(43)	204
Net Increase (Decrease) in Cash and Cash Equivalents	82,546	(292)
Cash and Cash Equivalents, Beginning of Period	49,436	57,137
Cash and Cash Equivalents, End of Period	131,982	56,845
Supplemental Cash Flow Information
Cash paid for interest expense	10,685	11,513
Cash paid for income taxes	$ 29,502	$ 42,714

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Thousands	Jun. 27, 2026	Dec. 31, 2025
Current assets:
Cash and cash equivalents	$ 131,982	$ 49,436
Accounts receivable, less allowance for doubtful accounts of $2,029 and $1,948	554,110	479,252
Inventories	808,020	959,019
Prepaids and other current assets	59,144	33,819
Total current assets	1,553,256	1,521,526
Property, plant, and equipment, net	166,768	168,777
Operating lease right-of-use assets	104,782	112,805
Goodwill	387,334	387,334
Intangible assets, net	246,434	257,079
Other assets	41,589	45,557
Total assets	2,500,163	2,493,078
Current liabilities:
Accounts payable	163,559	185,125
Accrued compensation	23,155	30,756
Accrued customer rebates and returns	185,538	197,398
Current portion of long-term debt	0	37,500
Other accrued liabilities	59,503	42,048
Total current liabilities	431,755	492,827
Long-term debt	440,479	402,413
Long-term operating lease liabilities	87,774	96,568
Deferred tax liabilities	3,794	3,977
Other long-term liabilities	21,321	20,218
Commitments and contingencies (Note 7)
Shareholders’ equity:
Common stock, $0.01 par value; 50,000,000 shares authorized; 29,665,940 and 30,391,955 shares issued and outstanding in 2026 and 2025, respectively	297	304
Additional paid-in capital	139,439	137,109
Retained earnings	1,380,443	1,344,183
Accumulated other comprehensive loss	(5,139)	(4,521)
Total shareholders’ equity	1,515,040	1,477,075
Total liabilities and shareholders' equity	$ 2,500,163	$ 2,493,078