Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.22.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 1,241 $ 2,021
Accounts receivable, net of allowance for credit losses of $456 and $216, respectively 67,819 50,126
Inventories, net 112,114 103,249
Prepaid expenses and other current assets 3,808 3,728
Assets held for sale 797 855
Total current assets 185,779 159,979
Property, plant and equipment, net 42,720 43,720
Right-of-use assets, operating leases, net 30,431 30,811
Goodwill 12,637 12,637
Intangible assets, net 13,661 14,382
Deferred charges, net 278 302
Other non-current assets, net 4,127 4,171
Total assets 289,633 266,002
Current liabilities:    
Accounts payable 44,268 32,318
Accounts payable - related parties 2 2
Accrued expenses and other current liabilities 13,609 12,407
Current portion of long-term debt 2,464 2,464
Current portion of earn-out liabilities 891 1,961
Current portion of operating lease liabilities 1,140 1,104
Current portion of finance lease liabilities 248 233
Total current liabilities 62,622 50,489
Long-term debt 68,610 67,928
Long-term portion of operating lease liabilities 31,748 32,059
Long-term portion of finance lease liabilities 1,362 1,414
Deferred income taxes 2,861 2,433
Other long-term liabilities 76 89
Total non-current liabilities 104,657 103,923
Commitments and contingencies – See Note 13
Shareholders' equity:    
Common stock, par value $1 per share; authorized 24,000,000 shares; issued 11,085,000 shares 11,085 11,085
Capital in excess of par value 46,028 46,058
Retained earnings 73,340 63,080
Shareholders' equity before treasury stock 130,453 120,223
Less: cost of common stock in treasury - 861,605 and 918,471 shares, respectively 8,099 8,633
Total shareholders' equity 122,354 111,590
Total liabilities and shareholders' equity $ 289,633 $ 266,002