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, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 717 $ 1,440
Accounts receivable, net of allowance for credit losses of $734 and $762, respectively 35,053 37,062
Inventories 74,300 85,572
Prepaid expenses and other current assets 9,186 7,801
Assets held for sale 17,398 380
Current assets of discontinued operations 3,441 38,120
Total current assets 140,095 170,375
Property, plant and equipment, net 34,364 37,045
Right-of-use assets, operating leases, net 28,509 29,198
Goodwill 11,389 11,389
Intangible assets, net 9,248 10,001
Deferred income taxes 6,869 1,353
Deferred charges, net 153 203
Other non-current assets, net 1,782 1,862
Long-term assets of discontinued operations 13 7,617
Total assets 232,422 269,043
Current liabilities:    
Accounts payable 22,242 19,623
Accrued expenses and other current liabilities 5,504 6,039
Current portion of note payable 900 387
Current portion of long-term debt 2,464 2,464
Current portion of operating lease liabilities 1,093 1,029
Current portion of finance lease liabilities 283 280
Current liabilities of discontinued operations 1,839 3,656
Total current liabilities 34,325 33,478
Long-term debt 52,056 69,085
Long-term portion of operating lease liabilities 30,338 30,911
Long-term portion of finance lease liabilities 1,313 1,242
Other long-term liabilities 64 68
Total non-current liabilities 83,771 101,306
Total liabilities 118,096 134,784
Commitments and contingencies – See Note 13
Shareholders' equity:    
Common stock, par value $1 per share; 24,000,000 shares authorized; 11,085,103 and 10,158,219 shares issued and outstanding, respectively 11,085 11,085
Capital in excess of par value 46,951 47,021
Retained earnings 65,311 85,146
Shareholders' equity before treasury stock 123,347 143,252
Less: cost of common stock in treasury - 926,884 and 924,504 shares, respectively (9,021) (8,993)
Total shareholders' equity 114,326 134,259
Total liabilities and shareholders' equity $ 232,422 $ 269,043