v3.23.3
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 730 $ 1,440
Accounts receivable, net of allowance for credit losses of $1,105 and $762, respectively 32,910 37,062
Inventories 83,044 85,572
Prepaid expenses and other current assets 8,775 7,801
Assets held for sale 8,956 380
Current assets of discontinued operations 620 38,120
Total current assets 135,035 170,375
Property, plant and equipment, net 31,981 37,045
Right-of-use assets, operating leases, net 28,170 29,198
Goodwill 0 11,389
Intangible assets, net 8,872 10,001
Deferred income taxes 9,217 1,353
Deferred charges, net 128 203
Other non-current assets, net 1,782 1,862
Long-term assets of discontinued operations 6 7,617
Total assets 215,191 269,043
Current liabilities:    
Accounts payable 25,758 19,623
Accrued expenses and other current liabilities 5,608 6,039
Current portion of note payable 630 387
Current portion of long-term debt 2,464 2,464
Current portion of operating lease liabilities 1,132 1,029
Current portion of finance lease liabilities 296 280
Current liabilities of discontinued operations 970 3,656
Total current liabilities 36,858 33,478
Long-term debt 50,543 69,085
Long-term portion of operating lease liabilities 30,051 30,911
Long-term portion of finance lease liabilities 1,378 1,242
Other long-term liabilities 59 68
Total non-current liabilities 82,031 101,306
Total liabilities 118,889 134,784
Commitments and contingencies – See Note 13
Shareholders' equity:    
Common stock, par value $1 per share; 24,000,000 shares authorized; 11,085,103 and 10,120,281 shares issued and outstanding, respectively 11,085 11,085
Capital in excess of par value 47,189 47,021
Retained earnings 47,379 85,146
Shareholders' equity before treasury stock 105,653 143,252
Less: cost of common stock in treasury - 964,822 and 924,504 shares, respectively (9,351) (8,993)
Total shareholders' equity 96,302 134,259
Total liabilities and shareholders' equity $ 215,191 $ 269,043

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