v3.22.2.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 532 $ 2,021
Accounts receivable, net of allowance for credit losses of $998 and $216, respectively 55,592 50,126
Inventories, net 137,843 103,249
Prepaid expenses and other current assets 4,632 3,728
Assets held for sale 518 855
Total current assets 199,117 159,979
Property, plant and equipment, net 43,176 43,720
Right-of-use assets, operating leases, net 29,575 30,811
Goodwill 11,430 12,637
Intangible assets, net 11,794 14,382
Deferred charges, net 228 302
Other non-current assets, net 4,122 4,171
Total assets 299,442 266,002
Current liabilities:    
Accounts payable 44,815 32,318
Accounts payable - related parties 0 2
Accrued expenses and other current liabilities 11,430 12,407
Current portion of note payable 580 0
Current portion of long-term debt 2,464 2,464
Current portion of earn-out liabilities 0 1,961
Current portion of operating lease liabilities 1,041 1,104
Current portion of finance lease liabilities 290 233
Total current liabilities 60,620 50,489
Long-term debt 70,131 67,928
Long-term portion of operating lease liabilities 31,190 32,059
Long-term portion of finance lease liabilities 1,302 1,414
Deferred income taxes 1,593 2,433
Other long-term liabilities 67 89
Total non-current liabilities 104,283 103,923
Commitments and contingencies – See Note 13
Shareholders' equity:    
Common stock, par value $1 per share; authorized 24,000,000 shares; issued 11,085,103 shares 11,085 11,085
Capital in excess of par value 46,637 46,058
Retained earnings 85,021 63,080
Shareholders' equity before treasury stock 142,743 120,223
Less: cost of common stock in treasury - 850,671 and 918,471 shares, respectively 8,204 8,633
Total shareholders' equity 134,539 111,590
Total liabilities and shareholders' equity $ 299,442 $ 266,002

Source