v3.22.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 245 $ 2,021
Accounts receivable, net of allowance for credit losses of $748 and $216, respectively 63,932 50,126
Inventories, net 134,529 103,249
Prepaid expenses and other current assets 4,883 3,728
Assets held for sale 785 855
Total current assets 204,374 159,979
Property, plant and equipment, net 42,177 43,720
Right-of-use assets, operating leases, net 29,950 30,811
Goodwill 12,637 12,637
Intangible assets, net 12,940 14,382
Deferred charges, net 253 302
Other non-current assets, net 4,110 4,171
Total assets 306,441 266,002
Current liabilities:    
Accounts payable 56,167 32,318
Accounts payable - related parties 2 2
Accrued expenses and other current liabilities 10,800 12,407
Current portion of note payable 871 0
Current portion of long-term debt 2,464 2,464
Current portion of earn-out liabilities 415 1,961
Current portion of operating lease liabilities 1,061 1,104
Current portion of finance lease liabilities 259 233
Total current liabilities 72,039 50,489
Long-term debt, less current portion 65,849 67,928
Long-term portion of operating lease liabilities 31,445 32,059
Long-term portion of finance lease liabilities 1,363 1,414
Deferred income taxes 1,791 2,433
Other long-term liabilities 70 89
Total non-current liabilities 100,518 103,923
Commitments and contingencies – See Note 13
Shareholders' equity:    
Common stock, par value $1 per share; authorized 24,000,000 shares; issued 11,085,000 shares 11,085 11,085
Capital in excess of par value 46,162 46,058
Retained earnings 84,397 63,080
Shareholders' equity before treasury stock 141,644 120,223
Less: cost of common stock in treasury - 825,570 and 918,471 shares, respectively 7,760 8,633
Total shareholders' equity 133,884 111,590
Total liabilities and shareholders' equity $ 306,441 $ 266,002

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