Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Current assets    
Cash and cash equivalents $ 398 $ 236
Accounts receivable, net of allowance for credit losses of $508 and $496, respectively 39,352 28,183
Inventories, net 88,763 85,080
Prepaid expenses and other current assets 9,440 13,384
Total current assets 137,953 126,883
Property, plant and equipment, net 33,477 35,096
Right-of-use assets, operating leases, net 31,429 31,769
Goodwill 1,355 1,355
Intangible assets, net 10,746 11,426
Deferred charges, net 367 455
Total assets 215,327 206,984
Current liabilities    
Accounts payable 26,089 19,732
Accrued expenses and other current liabilities 5,506 6,123
Current portion of long-term debt 1,313 875
Current portion of earn-out liability 2,773 3,434
Current portion of operating lease liabilities 897 867
Current portion of finance lease liabilities 14 19
Total current liabilities 36,592 31,050
Long-term debt 62,454 60,495
Long-term portion of earn-out liability 144 287
Long-term portion of operating lease liabilities 32,524 32,771
Long-term portion of finance lease liabilities 34 37
Deferred income taxes 1,916 1,957
Other long-term liabilities 87 92
Total non-current liabilities 97,159 95,639
Commitments and contingencies – See Note 13
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 37,668 37,719
Retained earnings 43,929 42,835
Shareholders' equity before treasury stock 91,897 90,854
Less: cost of common stock in treasury - 1,097,956 and 1,123,319 shares, respectively 10,321 10,559
Total shareholders' equity 81,576 80,295
Total liabilities and shareholders' equity $ 215,327 $ 206,984