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Unaudited Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 28,892 $ 34,347
Restricted cash 1,975 3,969
Accounts receivable - trade, net of allowance for credit losses of $16,087 as of March 31, 2023 and $16,184 as of December 31, 2022 106,291 134,471
Other receivables 20,752 16,144
Inventories 97,311 94,288
Contract assets 605 576
Prepaid expenses and other current assets 10,408 7,410
Total current assets 266,234 291,205
Property, plant and equipment, net 7,135 9,478
Right-of-use assets from operating leases 11,971 12,606
Goodwill 12,594 12,594
Intangible assets, net 30,422 31,742
Other assets 17,013 15,536
Total assets 345,369 373,161
Current liabilities:    
Accounts payable - trade 107,904 118,667
Short-term debt – bank, trade facilities and secured borrowings 16,746 9,706
Current portion of long-term debt, net 23,660 24,073
Contract liabilities 16,614 18,705
Operating lease liabilities 4,859 4,834
Accrued and other liabilities 27,645 25,562
Total current liabilities 197,428 201,547
Long-term debt, net of current portion 0 0
Contract liabilities - non-current 6,584 7,788
Operating lease liabilities - non-current 10,499 11,417
Pension liabilities 11,060 11,021
Other long-term liabilities 2,583 2,806
Total liabilities 228,154 234,579
Commitments and contingencies (Note 13)
Stockholders’ equity:    
Common stock, 36,000 shares authorized, 31,102 and 30,968 shares issued and outstanding as of March 31, 2023 and December 31, 2022, respectively, at $0.001 par value 31 30
Preferred stock, $0.001 par value, 25,000 shares authorized and no shares issued and outstanding as of March 31, 2023 and December 31, 2022, respectively 0 0
Additional paid-in capital 276,282 271,884
Accumulated other comprehensive loss (6,611) (4,662)
Accumulated deficit (152,487) (128,670)
Total stockholders’ equity 117,215 138,582
Total liabilities and stockholders’ equity $ 345,369 $ 373,161