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, 2021
Dec. 31, 2020
Current assets    
Cash and cash equivalents $ 761 $ 236
Accounts receivable, net of allowance for credit losses of $134 and $496, respectively 41,081 28,183
Inventories, net 90,195 85,080
Prepaid expenses and other current assets 10,358 13,384
Total current assets 142,395 126,883
Property, plant and equipment, net 31,777 35,096
Right-of-use assets, operating leases, net 31,092 31,769
Goodwill 1,355 1,355
Intangible assets, net 10,066 11,426
Deferred charges, net 352 455
Total assets 217,037 206,984
Current liabilities    
Accounts payable 25,307 19,732
Accounts payable - related parties 632 0
Accrued expenses and other current liabilities 8,547 6,123
Current portion of long-term debt 1,750 875
Current portion of earn-out liability 3,047 3,434
Current portion of operating lease liabilities 927 867
Current portion of finance lease liabilities 45 19
Total current liabilities 40,255 31,050
Long-term debt 57,750 60,495
Long-term portion of earn-out liability 0 287
Long-term portion of operating lease liabilities 32,281 32,771
Long-term portion of finance lease liabilities 53 37
Deferred income taxes 1,881 1,957
Other long-term liabilities 86 92
Total non-current liabilities 92,051 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 37,309 37,719
Retained earnings 46,815 42,835
Shareholders' equity before treasury stock 94,424 90,854
Less: cost of common stock in treasury - 1,031,147 and 1,123,319 shares, respectively 9,693 10,559
Total shareholders' equity 84,731 80,295
Total liabilities and shareholders' equity $ 217,037 $ 206,984