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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
CURRENT ASSETS:    
Cash $ 92,194 $ 70,091
Accounts receivable, net of allowances of $4,539 and $2,808, respectively 130,240 139,912
Inventories 75,658 83,776
Other current assets 10,185 6,351
Total current assets 308,277 300,130
PROPERTY, PLANT AND EQUIPMENT    
Land and buildings 27,330 28,512
Machinery and equipment 166,380 161,667
Construction in progress 11,849 7,114
Less accumulated depreciation (134,598) (123,831)
Property, plant and equipment, net 70,961 73,462
GOODWILL 7,834 8,056
INTANGIBLE ASSETS, net of accumulated amortization of $6,858 and $5,613, respectively 16,946 18,589
DEFERRED INCOME TAXES, NET 25,253 33,290
OTHER ASSETS 7,408 9,400
TOTAL ASSETS 436,679 442,927
CURRENT LIABILITIES:    
Accounts payable 66,657 70,826
Accrued liabilities and other 48,196 36,686
Total current liabilities 114,853 107,512
LONG-TERM DEBT 235,000 250,000
PENSION AND OTHER POST-RETIREMENT BENEFITS 17,233 23,356
OTHER LONG-TERM LIABILITIES 3,663 3,223
Total liabilities $ 370,749 $ 384,091
COMMITMENTS AND CONTINGENCIES (Note 10)
STOCKHOLDERS’ EQUITY:    
Common stock, $.01 par value (60,000,000 shares authorized; 29,448,779 and 29,148,504 shares issued and outstanding, respectively) Preferred stock, $.01 par value (5,000,000 shares authorized; no shares issued and outstanding) $ 294 $ 296
Treasury stock, at cost: 879,404 and 779,484 shares, respectively (7,039) (6,622)
Additional paid-in capital 234,760 231,907
Retained deficit (122,431) (129,492)
Accumulated other comprehensive loss (39,654) (37,288)
Total CVG stockholders’ equity 65,930 58,801
Non-controlling interest 0 35
Total stockholders’ equity 65,930 58,836
TOTAL LIABILITIES AND EQUITY $ 436,679 $ 442,927