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, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 1,299 $ 1,851
Accounts receivable, net of allowance for credit losses of $792 and $463, respectively 28,160 26,604
Inventories 51,197 52,306
Prepaid expenses and other current assets 4,146 4,879
Assets held for sale 1,792 2,912
Current assets of discontinued operations 46 861
Total current assets 86,640 89,413
Property, plant and equipment, net 28,648 29,755
Right-of-use assets, operating leases, net 27,431 27,784
Intangible assets, net 8,129 8,496
Deferred income taxes 7,366 5,808
Deferred charges, net 79 104
Other non-current assets, net 2,678 1,935
Total assets 160,971 163,295
Current liabilities:    
Accounts payable 20,549 16,416
Accrued expenses and other current liabilities 4,824 5,108
Current portion of note payable 88 360
Current portion of operating lease liabilities 1,170 1,140
Current portion of finance lease liabilities 288 292
Current liabilities of discontinued operations 1,376 1,473
Total current liabilities 28,295 24,789
Long-term portion of operating lease liabilities 29,419 29,729
Long-term portion of finance lease liabilities 1,236 1,307
Other long-term liabilities 57 60
Total non-current liabilities 30,712 31,096
Total liabilities 59,007 55,885
Commitments and contingencies – See Note 13
Shareholders' equity:    
Common stock, par value $1 per share; 24,000,000 shares authorized; 11,085,103 and 10,124,781 shares issued and outstanding, respectively 11,085 11,085
Capital in excess of par value 47,097 47,333
Retained earnings 53,024 58,517
Shareholders' equity before treasury stock 111,206 116,935
Less: cost of common stock in treasury - 960,323 and 990,282 shares, respectively (9,242) (9,525)
Total shareholders' equity 101,964 107,410
Total liabilities and shareholders' equity $ 160,971 $ 163,295