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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2016
Dec. 31, 2015
Current assets    
Cash $ 1,495 $ 8,445
Accounts receivable, net 63,163 104,365
Inventories, net 120,735 130,347
Prepaid expenses and other current assets 9,496 9,518
Total current assets 194,889 252,675
Property, plant & equipment, net 24,289 26,001
Intangible assets, net 30,316 31,745
Goodwill 41,466 41,466
Deferred income taxes, net 819 819
Other noncurrent assets 7,181 7,230
TOTAL ASSETS 298,960 359,936
Current liabilities    
Accounts payable 41,491 76,078
Accrued compensation and benefits 3,649 4,009
Other accrued liabilities 16,043 19,175
Total current liabilities 61,183 99,262
Long-term obligations    
Revolving line of credit 80,568 97,299
Private placement warrants 226 1,482
Long-term debt, net 53,946 53,820
Other noncurrent liabilities 1,670 1,776
TOTAL LIABILITIES $ 197,593 $ 253,639
COMMITMENTS AND CONTINGENCIES  
STOCKHOLDERS' EQUITY    
Series A convertible preferred stock - $0.001 par value. Authorized: 114,000 shares. Issued and outstanding: -0- shares at March 31, 2016 and December 31, 2015.
Common stock - $0.001 par value. Authorized: 50,000,000 shares. Issued: 11,583,831 shares at March 31, 2016 and December 31, 2015. Outstanding: 10,752,906 at March 31, 2016 and December 31, 2015. $ 12 $ 12
Additional paid-in-capital 75,500 75,179
Retained earnings 30,105 35,356
Treasury stock, at cost, 830,925 shares at March 31, 2016 and December 31, 2015. (4,250) (4,250)
TOTAL STOCKHOLDERS' EQUITY 101,367 106,297
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 298,960 $ 359,936