Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.20.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Current assets    
Cash and cash equivalents $ 163 $ 626
Accounts receivable, net of allowance for credit losses of $237 and $70, respectively 33,132 35,074
Inventories, net 89,007 98,186
Prepaid expenses and other current assets 13,453 13,229
Total current assets 135,755 147,115
Property, plant and equipment, net 36,331 40,690
Operating Lease, Right-of-Use Asset 32,090 35,772
Goodwill 6,810 17,558
Intangible assets, net 12,131 15,714
Deferred income taxes 1,327 0
Deferred charges, net 271 348
Total assets 224,715 257,197
Current liabilities    
Accounts payable 19,514 21,150
Accrued expenses and other current liabilities 6,718 6,037
Current portion of long-term debt 4,000 4,000
Current portion of earn-out liability 3,959 5,576
Current portion of operating lease liabilities 835 3,562
Current portion of finance lease liabilities 26 253
Total current liabilities 35,052 40,578
Long-term debt 67,343 71,554
Long-term portion of earn-out liability 994 3,578
Deferred income taxes 0 790
Long-term portion of operating lease liabilities 33,000 33,723
Long-term portion of finance lease liabilities 41 336
Other long-term liabilities 92 127
Total non-current liabilities 101,470 110,108
Commitments and contingencies – See Note 11
Shareholders' equity    
Common stock, par value $1 per share; authorized 24,000,000 shares; issued 10,300,000 shares 10,300 10,300
Capital in excess of par value 37,664 37,407
Retained earnings 51,428 70,552
Shareholders' equity before treasury stock 99,392 118,259
Less cost of common stock in treasury - 1,191,309 and 1,257,784 shares, respectively 11,199 11,748
Total shareholders' equity 88,193 106,511
Total liabilities and shareholders' equity $ 224,715 $ 257,197