Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 3,595 $ 1,851
Accounts receivable, net of allowance for credit losses of $808 and $463, respectively 30,154 26,604
Inventories 45,917 52,306
Prepaid expenses and other current assets 3,988 4,879
Assets held for sale 1,259 2,912
Current assets of discontinued operations 65 861
Total current assets 84,978 89,413
Property, plant and equipment, net 27,643 29,755
Right-of-use assets, operating leases, net 27,073 27,784
Intangible assets, net 7,752 8,496
Deferred income taxes 7,663 5,808
Deferred charges, net 54 104
Other non-current assets, net 3,075 1,935
Total assets 158,238 163,295
Current liabilities:    
Accounts payable 16,790 16,416
Accrued expenses and other current liabilities 6,472 5,108
Current portion of note payable 914 360
Current portion of operating lease liabilities 1,194 1,140
Current portion of finance lease liabilities 286 292
Current liabilities of discontinued operations 1,213 1,473
Total current liabilities 26,869 24,789
Long-term portion of operating lease liabilities 29,110 29,729
Long-term portion of finance lease liabilities 1,163 1,307
Other long-term liabilities 54 60
Total non-current liabilities 30,327 31,096
Total liabilities 57,196 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 10,124,737 shares issued and outstanding, respectively 11,085 11,085
Capital in excess of par value 47,111 47,333
Retained earnings 52,098 58,517
Shareholders' equity before treasury stock 110,294 116,935
Less: cost of common stock in treasury - 960,366 and 990,282 shares, respectively (9,252) (9,525)
Total shareholders' equity 101,042 107,410
Total liabilities and shareholders' equity $ 158,238 $ 163,295